The Drill Down
Wednesday 24 June 2026 · Part 1
|
| |
Presented By
ASX: TM1
|
| |
|
Building a world leading PGM asset - MST Access $1.05 valuation
Terra Metals' Dante Project hosts large-scale Bushveld-style copper-PGE sulfide reefs just 15km from BHP's $1.7Bn Nebo-Babel development. With world-class polymetallic mineralisation from surface and strong metallurgical outcomes, Dante is rapidly emerging as Australia's next major PGM system.
Download Full Report
|
|
| |
Lead Insight
Department of Energy Announces American Nuclear Supply Chain Loans
The US Department of Energy issued a US$17.5 billion conditional loan commitment to rebuild America's commercial nuclear supply chain and accelerate the deployment of 10 large-scale reactors by up to three years. The funding backs five projects, each pairing Westinghouse with a utility partner to procure long-lead items for two AP1000 reactors, with both committing US$500 million in equity upfront.
|
Our Take
Conditional and equity-gated, but the long-lead procurement structure turns policy into purchase orders. The signal runs down the fuel cycle, a demand tailwind for uranium, conversion and enrichment names.
|
|
| |
Commodity Prices
Precious Metals (USD/toz)
|
Gold
|
$4,111
-1.93%
|
|
Silver
|
$62
-5.41%
|
|
Platinum
|
$1,653
-1.50%
|
|
Palladium
|
$1,227
-3.05%
|
|
Base Metals & Commodities
|
Copper USD/t
|
$13624.45
-0.06%
|
|
Nickel USD/t
|
$17192.00
-2.64%
|
|
Zinc USD/t
|
$3481.79
-2.85%
|
|
Lead USD/t
|
$1934.10
-1.05%
|
|
WTI Crude USD/bbl
|
$72.91
-0.41%
|
|
Prices updated as of 24 June 2026, 8:03 am AEST
|
| |
Market Movers
Winners & Losers - Canadian Markets
|
Royal Road Minerals Limited
No company-specific catalyst identified. Royal Road Minerals, which operates in Colombia, rose alongside the outcome of the country's recent presidential election, with the market reading the incoming administration as more supportive of mining.
|
|
Mkango Resources Ltd
No specific catalyst identified. Mkango Resources rose on no company announcement, with the move in the rare earths developer's shares consistent with sector momentum rather than disclosed news.
|
|
Silver One Resources Inc.
No specific catalyst identified. Silver One Resources is a silver-focused explorer and developer, with its flagship Candelaria project in Nevada anchoring a portfolio of US silver assets.
|
|
|
|
Honey Badger Silver Inc.
No specific catalyst identified. Honey Badger Silver fell on no company announcement, the pullback consistent with profit-taking after a sharp recent run on heavy volume.
|
|
Andina Copper Corporation
No specific catalyst identified. Andina Copper eased with no disclosed news, the move consistent with profit-taking after a strong recent run rather than anything stock-specific.
|
|
G Mining Ventures Corp.
No specific catalyst identified. G Mining Ventures fell with no company announcement, the move consistent with profit-taking rather than anything stock-specific.
|
|
Market data as of 24 June 2026, 9:30 AM AEST
|
| |
|
This Week's Poll
Six Months From Now, Which Commodity Will Have Surprised the Most to the Upside?
|
| |
|
Partner Spotlight
|
|
|
|
The right shareholders don't find you. You find them.
Cashu Group delivers independent equity research and targeted investor marketing for ASX-listed resource companies. The coverage that builds conviction, and the reach to make it count.
Find Your Shareholders
|
|
| |
|
Today's Stories
|
Mining.com
USA Rare Earth Rebuts MP Materials Lawsuit as Rivalry Deepens
USA Rare Earth rebutted a lawsuit from MP Materials, which accused the company of a corporate raiding campaign that poached several MP employees. The dispute escalates competition between the two domestic rare earths players.
|
Our Take
A legal fight over poached employees underscores how thin the US rare earths talent pool is, a constraint that matters more than ore for building processing capacity. Investors in either name should weigh the distraction and legal cost against the reality that both will likely benefit from federal support regardless of who wins.
|
|
Bloomberg
Vedanta Eyes $372 Million Raise From Zambia Copper Mines IPO
Vedanta Resources plans to sell an 11.9% stake in a US-based unit to raise about $372 million to develop its Zambian copper mining complex. The proceeds are earmarked for capital spending on the operation.
|
Our Take
Selling just 11.9% to raise $372 million lets Vedanta fund its Zambian copper buildout while keeping control, a smart structure for a debt-laden parent chasing copper exposure. The US listing venue suggests management is positioning the unit for a richer valuation than Zambian assets typically command.
|
|
The Northern Miner
US Sanctions Shut Canada's Only Cobalt Refinery
US sanctions forced the shutdown of Canada's only cobalt refinery, operated by a Toronto-based nickel and cobalt producer. The company said the closure follows earlier guidance that refinery operations would run only until mid-June.
|
Our Take
Losing the sole Canadian cobalt refinery to US sanctions strips North America of domestic processing capacity at the exact moment Western governments are funding supply chain reshoring. The closure hands more pricing and processing leverage to non-Western refiners and creates an opening for any player willing to fill the gap.
|
|
Financial Post
Indonesia Orders Miners to Provide More Coal Amid Blackouts
Indonesia's energy ministry directed miners to urgently boost domestic coal supplies just before the country was hit by rolling blackouts. The order prioritizes domestic power needs over export volumes.
|
Our Take
Diverting coal to domestic power amid blackouts means Indonesian exporters face tighter domestic market obligations that could squeeze seaborne supply. Thermal coal buyers in Asia should watch for export volume cuts from the world's largest shipper translating into price support.
|
|
Bloomberg
Mining Billionaire Calls on China to Push Green Ship Fuel Deal
A mining billionaire is urging China to push for decarbonizing global shipping fuel after plans to charge emissions fees stalled last year due to US opposition. The intervention seeks to revive a stalled international shipping emissions framework.
|
Our Take
A push to revive shipping emissions fees, stalled by US opposition, would create new demand for green fuels like ammonia and hydrogen that bulk miners ship at scale. Producers should track whether China backs the framework, as it would reshape freight costs across the commodity supply chain.
|
|
| |
|
Kamoa Capital
kamoacap.com
|
|
This newsletter is for general information, education & entertainment. Kamoa Capital is not licensed and does not know your circumstances. Nothing here is financial, legal or tax advice. Seek professional advice and read any PDS before acting. We aim for accuracy but make no guarantees and accept no liability. Views are opinions only and may include forward-looking statements that may not occur.
|
