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Critical Resources claims to have confirmed a breakthrough in its understanding of the Mavis Lake lithium project in Canada’s Ontario province, with ongoing drilling validating its understanding of the emerging Swell zone (reports MiningNews).

Australian Rare Earths has again delivered a massive boost to the endowment of its Koppamurra rare earths project in South Australia’s sector of the Murray Basin, increasing the clay-hosted resources by another 84%, less than six months after its last upgrade (reports MiningNews).

New World Resources plans to resume exploration drilling next month at its high-grade Antler copper project in Arizona, USA (reports Stockhead).

Develop Global boss Bill Beament has lashed out at an independent expert finding that its takeover offer for lithium hopeful Essential Metals is “not fair but reasonable” (reports The Australian Financial Review).

By contrast, Beament’s offer for Essential is a straightforward push to make real action. Plus, Ausgold takes key step towards development of 3Moz gold project and uranium stocks soar as price hits 12-year high.

By Barry FitzGerald.

Lithium, uranium and oil were the winners on financial markets this week with that “all things energy” theme likely to be a winner for the rest of the year, and beyond.

By Tim Treadgold.

Investment bank Macquarie is forecasting gold prices to rally as central banks stockpile record amounts of the precious metal to offset inflation risks and as US interest rates near a peak.

Reports The Australian Financial Review.

Tightening capital markets and strong commodity prices are combining to create the “ideal” conditions for consolidation of the ASX-listed exploration sector, which shrank for the first time in almost three years in the June quarter (reports The Australian Financial Review).

Investors have clamoured to get their hands on a piece of James Bay Minerals with the Canadian lithium explorer’s shares enjoying an as much as 50 per cent price bump after debuting on the Australian Securities Exchange (reports The West Australian).

The World Nuclear Association has laid out its case for a massive expansion of uranium mine developments, projecting a near doubling in demand by 2040, while a pair of US mining investors have predicted prices for yellowcake could rise “three to four times” (reports Stockhead).