[SMM Flash News] Indonesia to Enforce Mandatory Export Revenue Conversion Starting June 1

Vulcan Energy has officially achieved Financial Close for its €2.2 billion Lionheart Project financing arrangements, unlocking the remaining balance of its equity and debt package. Located in the Upper Rhine Valley between Germany and France, Lionheart is a landmark integrated lithium and renewable energy initiative. The project targets an annual production capacity of 24,000 tonnes of lithium hydroxide monohydrate (LHM), sufficient to power roughly 500,000 electric vehicles per year, alongside 275 GWh of renewable power and 560 GWh of heat over a 30-year lifespan. Following a positive Final Investment Decision and the start of construction in late 2025, reaching Financial Close secures the sequential drawdowns needed to keep the project on track and on budget.

Sandvik Mining has successfully achieved ISO/IEC 27001 certification following an independent audit of its Information Security Management System (ISMS). The accreditation highlights the company’s commitment to protecting information assets, managing cyber risks, and ensuring the security and availability of its mission-critical digital business capabilities. By aligning its global application delivery processes with this leading international standard, Sandvik Mining ensures that cybersecurity is integrated into solution design and deployment, providing mine operators with a reliable, audited framework for data protection, access control, and incident response.

Honey Badger Silver has appointed JDS Energy & Mining to lead an updated preliminary economic assessment (PEA) and mineral resource estimate (MRE) for its Prairie Creek silver-zinc-lead project in Canada's Northwest Territories. Expected in the third quarter, the studies will incorporate current metal prices and historical project developments, aiming to materially enhance project economics compared to the 2021 MRE. With significant existing infrastructure, advanced permitting, and a $25 million Canadian government grant, the updated studies are anticipated to be major technical and economic catalysts as the company advances the high-grade asset toward production.