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A late‑2025 Pentagon allocation has catalyzed a wave of demonstration funding, private capital and project milestones that shorten the path from discovery to defense‑relevant supply in North America. Market and policy attention is now tilting toward brownfield and drill‑testable targets with verifiable geochemistry and defined metallurgy that can be tied quickly to pilot processing.

A pronounced tightening in the silver market has driven the metal above $100 an ounce and shifted investor attention to companies with demonstrable, expandable resources. Exploration-stage firms with nearby infrastructure, recent data sets and active drilling or surveys stand to benefit, though claimed historic resources and paid promotion require independent verification.

Copper Giant concluded its 2025 campaign with two strategic holes that extended the Mocoa porphyry system toward the La Estrella target and returned higher-than-modelled grades at the southern margin. The company’s updated inferred resource now stands at ~1.12 billion tonnes at ~0.51% CuEq, while follow-up infill and permitting work are slated for 2026.

An integrated Preliminary Economic Assessment positions the Vicuña district as a multi‑decade, high‑margin copper, gold and silver development with a base‑case after‑tax NPV of approximately $9.5 billion and an IRR near 15% at conservative metal prices. The staged plan targets early cash flow from a Stage‑1 sulphide concentrator while preserving scale optionality (peak >500 ktpa copper) and outlines funding, infrastructure and permitting pathways across Argentina and Chile.
Metalla reported a sharp rise in royalty-derived cash flow for 2025 with attributable gold-equivalent deliveries and top-line receipts well above the prior year. That near-term strength arrives as capital markets rotate toward asset-driven stories and projects that can be rapidly advanced to auditable resources, a backdrop that increases the strategic value of Metalla’s progressing portfolio while leaving execution risk concentrated with third-party operators.
A multi‑instrument U.S. push—reported at roughly $30 billion—has shifted policy from promise to deployment, privileging projects that can demonstrate auditable geology and near‑term metallurgy. That policy backdrop is accelerating RUA Gold’s push in New Zealand, where high‑grade gold‑antimony results and a fortified treasury (C$38M) support an aggressive drill and fast‑track resource timeline.

A presidential decree formally created an export processing zone in Barcarena, Pará, offering Bravo Mining new regulatory and logistical options for downstream processing of its Luanga metals project. The decision strengthens the company’s alternate development plans by improving fiscal predictability and local market opportunities for by-products such as sulphuric acid.
Vizsla Copper secured a formal endorsement from Alaska’s governor for its Palmer exploration program and outlined plans for up to 10,000 metres of diamond drilling in 2026 while contracting a C$600,000 six-month digital marketing retainer. The company also accelerated technical re-evaluation work to expand polymetallic and critical-mineral potential, and is advancing studies to formally include barite as a co-product in future resource calculations.