[SMM Flash News] Vedanta Q1 Profit Jumps 72% on Higher Base Metal Prices, Names New CEO

Selkirk Copper announced an updated Mineral Resource Estimate for its Minto project in Canada's Yukon, reporting an 182% increase in measured and indicated contained copper and a 184% increase in measured and indicated contained gold compared with the previous estimate. The updated resource also reflects higher confidence through resource conversion and supports the company's ongoing advancement toward a planned feasibility study and potential mine restart.

Rajasthan has become the first Indian state to issue an exploration licence for a rare earth elements (REE) block under the country's new exploration licensing framework for critical minerals. The licence covers a block spanning the Balotra and Jodhpur districts, where geological surveys have identified potential REE resources. The move marks a milestone in India's efforts to accelerate domestic critical mineral exploration, strengthen supply chain security and reduce reliance on imported rare earth materials.

The Queensland Government has launched its Critical Minerals Future 2026–30 strategy, backed by A$146 million, to accelerate the extraction, processing and export of critical minerals. The plan aims to expand downstream processing, refining and manufacturing capacity, strengthen supply chain resilience, and position Queensland as a globally competitive supplier of strategic minerals. The government said the initiative is expected to attract new investment, create long-term regional jobs, and enhance Australia's role in supplying critical minerals for advanced technologies, renewable energy and other strategic industries.