The United States is preparing to suspend exports of tungsten scrap and black mass, a material from recycled batteries, starting later this month to retain critical raw materials for domestic use. Under regulations published in the Federal Register, businesses must primarily sell these materials domestically but can apply for exemptions. The measure will be in effect for one year. President Donald Trump signed an order authorizing government officials to restrict exports of industrial waste containing critical minerals to enhance supply chain security and reduce dependence on China. The US Commerce Department stated that insufficient quantities of critical materials could increase risks to national security and defense. Tungsten is a hard, durable metal used in various industries including the military, while black mass from recycling lithium-ion batteries is becoming an alternative raw material source for extracting lithium, cobalt, and nickel for reuse.
Sirui Advanced Materials delays rocket engine materials project phase one by one year, increases phase two investment to 465 million yuan
Sirui Advanced Materials has disclosed an announcement adjusting its industrialization project for liquid rocket engine thrust chamber materials, parts, and components. The first phase, a raised-fund project, has had its scheduled ready-for-use date postponed from December 2026 to December 2027. The investment content, total investment, implementing entity, and implementation site remain unchanged. The current investment progress is 24.67 percent, with the delay attributed to site constraints, equipment procurement, and commissioning factors. The second phase, funded by self-raised capital, has had its plan adjusted. The implementation site has been relocated from No. 12 Zhangba Seventh Road, High-tech Zone, Xi'an, Shaanxi Province, to an area south of Hengyi Road, north of Heng'er Road, east of Zongyi Road, and west of Xianhu Road in Fengxi New City, Xixian New Area, Shaanxi Province. The implementing entity has been changed from the company to its wholly owned subsidiary Shaanxi Sirui New Materials Power Technology Company Limited, while the production capacity plan remains unchanged. Due to increased supporting investment such as land acquisition and plant infrastructure at the new site, the second phase investment amount has been adjusted from the original 280 million yuan to 465 million yuan. The funding source remains self-raised capital, and the construction period has been extended from two years to four years. The project's original planned total investment was 510 million yuan, of which phase one was planned at 230 million yuan and phase two was originally planned at 280 million yuan. The company cautioned that after self-raised capital is invested, the asset scale will expand in the short term. Affected by asset dilution, return on equity may decline in the short term, and during the construction period the project will temporarily be unable to generate effective output, contributing limited profit to operations.
688102.CG · Capital · Negative Phase one of its rocket engine materials project is delayed a year and phase two capex is raised to 465 million yuan, with ROE dilution flagged.
GoldHaven Hits Skarn 80 Metres From Prior Intercept at Kuhn Tungsten Target
GoldHaven Resources Corp. reported that the final hole of its 2026 drill program at the Kuhn tungsten-skarn target, part of its district-scale Magno Project in northern British Columbia's Cassiar District, intersected skarn at depth roughly 80 metres south along strike from the lower skarn reported in GOH26-04. The company completed eight holes totaling 1,729 metres of fan-style drilling from two pads about 80 metres apart, the first modern systematic drill test of the target, with assays still pending. The lower skarn interval in GOH26-04 is currently interpreted at approximately 20 to 45 metres true thickness, an interpretation the company calls preliminary. The drill has now mobilized to the D Zone polymetallic target, where historical drilling returned 7.6 metres grading 240 g/t silver, 4.73% lead and 4.74% zinc, a result that predates NI 43-101 and has not been verified by a Qualified Person. The exploration push comes as Washington backs domestic supply: in September the U.S. Defense Logistics Agency awarded an indefinite-delivery, indefinite-quantity contract with a ceiling of up to $2 billion for tungsten ores, concentrates and sodium tungstate for the national stockpile, and the Department of War committed a separate $450 million investment to the same domestic supplier. Beginning January 1, 2027, U.S. defense procurement rules restrict tungsten sourced from China, Russia, Iran and North Korea, and a U.S. Commerce Department order in effect since August 27, 2026 requires domestic sellers of tungsten waste and scrap to allocate monthly sales to domestic buyers for one year.
ALM · Demand · Positive US defense stockpile tungsten contract and China/Russia sourcing restrictions boost demand for non-Chinese tungsten suppliers like Almonty.
GMTL · Demand · Positive US push for domestic tungsten supply and stockpile purchases benefits Western tungsten developers like Guardian Metal Resources.
EM&T Raises Fiscal 2026 Revenue Guidance 62% to $11 Million, Reaffirms $460 Million Fiscal 2027 Outlook
Evolution Metals & Technologies Corp. raised its fiscal 2026 revenue guidance to $10 million to $11 million, up from the previous range of $5 million to $8 million issued on September 10, 2026, a 62% increase at the midpoint. The company also reaffirmed its fiscal 2027 revenue guidance of $400 million to $460 million, whose $430 million midpoint represents roughly 41 times the raised fiscal 2026 midpoint. The Miami-based critical materials and advanced manufacturing company said the raise reflects an expanded ex-China rare earth feedstock position, improved rare earth pricing and continued strong commercial demand. Thirteen additional ULVAC sintered magnet production machines are scheduled for delivery in October 2026 and will be installed immediately after delivery in Pohang, Republic of Korea, where they are expected to lift annual magnet production capacity above 10,000 metric tons, including approximately 6,000 metric tons of high-performance sintered magnets. Chief Executive Officer Frank Moon said the company will showcase what it believes is the largest commercial magnet facility in the world, ex-China, on December 17, 2026, and President Andrew Knaggs pointed to DFARS 252.225-7052, which is expected to extend the mine-to-magnet restriction across the entire neodymium-iron-boron magnet supply chain beginning January 1, 2027.
MP Materials Posts Record NdPr Output, Targets Terbium and Dysprosium Production
MP Materials is accelerating its push to build a fully integrated U.S. rare earth supply chain, reporting record NdPr production and progress toward heavy rare earth and magnet manufacturing. In 2025, its Mountain Pass operations delivered a record 2,599 metric tons of neodymium-praseodymium, more than double the 1,294 metric tons produced in 2024. First-quarter 2026 NdPr output hit a record 917 metric tons, up 63% year over year, and second-quarter production rose 41% year over year to 840 metric tons despite a scheduled semiannual maintenance outage; management expects third-quarter 2026 NdPr production to have exceeded 1,000 metric tons. The company remains on track to begin producing terbium and dysprosium later this year, with first samarium production targeted for 2028, and recently signed a multiyear agreement to supply gadolinium oxide to a leading U.S. aerospace and defense manufacturer. In December 2025, MP produced its first commercial-scale neodymium-iron-boron permanent magnets at its Independence facility in Fort Worth, Texas, and it has been delivering magnetic precursor products to General Motors under a supply agreement since the first quarter of 2025. As of June 30, 2026, MP had collected $150 million in required GM prepayments and delivered $104.5 million of precursor products, with the remaining $45.5 million expected within a year, after which it expects to shift to finished magnet sales; it delivered magnets to GM for in-vehicle qualification testing in the second quarter of 2026 and expects commercial shipments to begin in the fourth quarter of 2026. MP has begun construction of the 10X magnetics facility, which is expected to contribute to total production capacity of approximately 10,000 metric tons of NdFeB rare-earth magnets per year, and it has launched Project Swarm with U.S. and allied drone manufacturers while continuing its partnership with Apple on magnet recycling and production.
MP · Supply · Positive MP Materials reported record NdPr output and progress toward terbium, dysprosium, and magnet production, expanding its rare earth supply capacity.
GM · Demand · Positive MP Materials is delivering magnetic precursor products and magnets to GM under a supply agreement, with commercial magnet shipments expected in Q4 2026.
Nova Minerals Moves to Build Alaska Antimony Plant After Equipment Arrives
Nova Minerals Corp said all key plant equipment for its planned antimony processing and refinery operation arrived at Port MacKenzie, Alaska, on October 6, 2026, clearing the way for construction to begin in the coming weeks subject to remaining permits. The delivery included two ball mills, a jaw crusher, an apron feeder, hydraulic filter presses and other ancillary equipment, following a 500-ton shipment of processing and refining equipment that reached Port MacKenzie on September 6. The company is building a vertically integrated U.S. domestic antimony supply chain in Alaska, supported by a $43.4 million award from the U.S. Department of War, with first antimony expected in 2027. The equipment arrival came as the 2026 field season at the Estelle Critical Minerals and Gold Project concluded, with an approximately 8,000m diamond drilling program focused on infill and resource expansion at the RPM gold deposit to advance the Pre-Feasibility Study now complete and assay results expected in due course. Nova also extracted 100 tons of antimony ore to provide initial feed for the Port MacKenzie plant, while construction continues on the Korbel-Stibium access road and the Whiskey Bravo airstrip expansion.
NVA-WT · Supply · Positive Key antimony processing equipment arrived at Port MacKenzie, clearing the way for construction of its vertically integrated US antimony supply chain.
NVA · Supply · Positive Key antimony processing equipment arrived at Port MacKenzie, clearing the way for construction of its vertically integrated US antimony supply chain.
Medaro Mining Reports Multiple Magnetic Targets at Bastnäs Project in Sweden
Medaro Mining Corp. announced results from a high-resolution, low-elevation drone magnetic survey completed across the central section of its Bastnäs Project in central Sweden as part of its 2026 exploration program. The survey identified multiple magnetic high structures correlating with historical iron ore mines, strongly defined magnetic high lineaments trending northeast-southwest across the project area, and a structural fabric overprint that breaks up those lineaments. Coverage gaps caused by terrain, environmental and operational constraints will be infilled during a Phase 2 drone magnetic survey planned for 2027. The geophysical data is being interpreted alongside the company's 2026 surface sampling results, which included 218 rock chip samples collected from new outcrops and historic workings, with previously reported results of up to 32.99% TREO, 16.5 grams per tonne gold and 23.7% copper. Medaro has identified six principal areas of interest from the combined geological, geochemical and geophysical results, and President and CEO Mark Carruthers said the survey has helped prioritize several areas for follow-up exploration and drilling. The Bastnäs Project comprises two mineral exploration permits, Bastnäs 100 and Bastnäs 200, held on trust by McKnight Resources AB, and one permit, Bäckegruvan nr 1, held on trust by Explora Mineral AB, all intended to be transferred 100% to Medaro pending regulatory approvals.
Medaro Mining Corp. · Technology · Positive Drone magnetic survey identified multiple magnetic targets and six priority areas, advancing its Bastnäs exploration program toward follow-up drilling.
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