Fortescue first-quarter cash balance falls 37% amid China CMRG purchase restrictions

Alurion Resources Limited said an independent road-logistics study has confirmed that road haulage is viable at all tested capacities for its Amargosa bauxite project in Bahia, Brazil, up to 11.5 wet Mtpa, twice the Scoping Study base case of 5.75 wet Mtpa, or 5 Mtpa dry. The study, commissioned from specialist transport-engineering consultancy Engimind, assessed three haulage scenarios, the Scoping Study base case of 5.75 wet Mtpa plus 8.6 and 11.5 wet Mtpa, and found no modelled road-capacity constraints on either the northern route to the Port of Enseada or the southern route to a proposed FIOL rail load-out. The preferred Enseada routes run mostly via the BR-101 federal highway over approximately 160 km from the North District and 220 km from the Central District, with Alurion trucks expected to represent less than 1% of total vehicles at 5.75 Mtpa, rising to 1.6% at 11.5 Mtpa. Alurion is advancing engineering work with the Enseada port operator to assess expanding port capacity to up to 13.5 wet Mtpa, while the southern option would use an 86 km road connection to FIOL, potentially avoiding the approximately 40 km dedicated rail spur envisaged in the Scoping Study. The findings are the first of the sequenced PFS workstreams to complete and will underpin the Amargosa direct-ship bauxite PFS targeted for mid-2027, with drilling, trenching and metallurgical programs scheduled from Q4 2026 onwards.

Oceanic Iron Ore Corp. has qualified to trade on the OTCQX Best Market, upgrading from the Pink Limited Market and beginning trading today under the symbol FEOVF. The mineral resource company, which is also listed on the TSX-V under the symbol FEO, is focused on developing its Ungava Bay iron ore properties in Nunavik, Québec, comprising three project areas — Hopes Advance, Morgan Lake and Roberts Lake — with the lead asset being Hopes Advance. The three properties cover over 300 kilometres of iron formation and are located within 20 to 50 km of tidewater. OTC Markets Group Inc., which operates regulated markets for trading 12,000 U.S. and international securities, said upgrading to OTCQX is an important step for companies seeking to provide transparent trading for their U.S. investors, and that qualifying companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws. Trading in non-U.S. North American securities on OTC Markets reached $23.4 billion in the second quarter of 2026, an 88.25% increase over Q2 2025, while OTC Markets recorded $453.34 billion in total dollar volume in the first half of the year, with Canada ranking among the top home markets by trading volume during the quarter.

High Tide Resources Corp. has completed its 2026 drilling campaign at its flagship, 100%-owned Labrador West Iron Ore Project and staked an additional 925 hectares, or 37 claims, adjacent to the property. The new ground brings the project's total footprint to 3401 hectares; it sits 20 km northeast of and adjacent to the Iron Ore Company of Canada's Carol Lake Mine complex, which is majority-owned by Rio Tinto, in Labrador City, Newfoundland and Labrador. Over the summer campaign the company completed 27 drill holes for a total of 6335 metres of HQ and NQ core, with assays already disclosed in press releases on 31 August and 16 September and further results to follow. President and CEO Steve Roebuck said the program exceeded several operational targets and positions the company to deliver an updated Mineral Resource Estimate in the coming months, and that encouraging results along the eastern boundary prompted the staking to protect that flank. The project hosts a NI 43-101 Inferred mineral resource of 655 Mt at 28.84% Fe, and the company also owns 100% of the Lac Pegma copper-nickel-cobalt deposit 50 kilometres southeast of Fermont, Quebec.