Canadian Uranium (CSE: CANU) is advancing its 18,941-hectare Rook II property in northern Saskatchewan, where an NI 43-101 technical report documents 28 uranium occurrences and historical estimates of up to 45 million lb U₃O₈ that it plans to test with modern exploration. The company is compiling legacy data into an ArcGIS model, planning ground geophysics and a recommended 6,000-metre drill programme including twinned holes and deeper tests to 300–400 metres, compared with historical drilling to ~100 metres. Adviser Arni Johannson says the “cap table is built for M&A”, with negotiations underway involving a public company, additional properties and JV options to expand its Athabasca portfolio.

MP Materials posted an adjusted profit of US$8.8 million (US$0.04 per share) for Q3, beating expectations of a loss as neodymium-praseodymium sales volumes rose 94% to 1,020 tonnes and production hit a record 1,018 tonnes at the Mountain Pass operation in California. Revenue nearly tripled to US$147.7 million, including a one-off US$31.6 million mixed rare earth sale to a US aerospace and defence customer and US$8.1 million from a Pentagon price-protection deal that floors NdPr at US$110/kg. Magnet qualification with General Motors enables initial Fort Worth Independence plant magnet shipments this quarter, while the larger 10X plant at Northlake, Texas, is slated to start commissioning in late 2028.

A contract team member has died while carrying out work at Regis Resources’ Duketon South gold operation in Western Australia’s North Eastern Goldfields, prompting an immediate suspension of site operations. Western Australia Police and WorkSafe have commenced a formal investigation, with Regis stating it is providing full assistance to regulators. The company has activated employee assistance programmes and is offering support to workers and contractors affected by the incident.