• A bailout of two Nyrstar smelters, with bipartisan support, is promising to “transform” the nation’s critical minerals capacity, according to the Industry minister (Australian)

• Madeleine King said more taxpayer money could be used to back Australian rare earths projects, while not ruling out taking company stakes (AFR)

• Regis is on the hunt for another gold mine but not giving up on $1B McPhillamys, claiming NSW could’ve been raking it in (Australian)

• BHP’s Geraldine Slattery has spoken out against the Productivity Commission’s plan to shake up the company tax system (West)

• BHP & Lundin plan to soon apply for a new Argentine investment incentives scheme for their Vicuna project, but other miners fear they may get left out before the program's cut-off date a year from now (Reuters)

• Iluka will process rare earths imported from Africa at a taxpayer-funded the Eneabba refinery under a new deal (Australian)

• Commodity traders are gearing up for gold to resume its record-breaking run as mounting fears about a US recession force the Fed to cut interest rates (AFR)

• EV maker Rivian reported a higher-than-expected quarterly loss as disruption in the supply of rare earth metals raised costs (Reuters)

• Alkane and Mandalay’s merger has officially closed (ALK) the proforma marketed to ASX300 listing and GDXJ re-balancing…

• Resolution Minerals shared that it’d received a $225m unsolicited offer for Horse Heaven from Snow Lake Resources, to be paid in cash and scrip. RML’s board is yet to make a recommendation (RML)

• First Quantum announced it’ll receive US$1B upfront in cash from Royal Gold for a gold stream on production from Kansanshi (FM.TO)

• Iluka will provide a cornerstone US$20m construction term loan facility over a 5-year tenor to offtake partner Lindian (LIN)

• NioCorp has been awarded US$10m from the US DoD to support domestic scandium mine-to-manufacture supply chain (NB.NAS)

• We found this question put to outgoing CEO Jakob Stausholm during Rio Tinto’s earnings call really interesting

• And Jakob’s response… “never say never” - unless it’s an option on the table internally, why respond with ambiguity? We suspect there’s something to this…

• Gold deals are the talk of the town at mining’s annual gabfest (AFR)

• Pantoro Diggers Pres. (YouTube) Watch for 30 seconds, starting at 15:47

• Argonaut released it’s annual Best Undeveloped Projects (‘BUPs’) report for 2025 (Argonaut) if you can see past the corporate angle for some inclusions, there’s usually some decent commentary and analysis in these

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