Blue Moon Metals has approved construction of the US$184 million Nussir underground copper-gold-silver mine in northern Norway, designed for 6,000 tonnes per day over a 13-year life, with first concentrate production targeted in Q3 2027 and supported by existing 132‑kV renewable power and an ice-free port at the Øyen industrial site. A C$150 million equity raise and a US$140 million project finance package will fund Nussir, expected to produce about 19,000 tonnes of copper in concentrate annually and generate US$77–125 million in free cash flow per year. In parallel, the company plans a roughly US$50 million restart of the Springer tungsten mine, mill and ammonium paratungstate circuit in Nevada by Q4 2027, aiming to produce 107,000–124,000 tonnes of concentrate despite relying on historical (2012) tungsten trioxide resource estimates.

Trump has signed H.J.Res. 140 to overturn Biden’s 2023 twenty‑year ban on mining and geothermal leasing across 225,000 acres (91,200 ha) of Superior National Forest in Cook, Lake and Saint Louis counties, Minnesota. The decision clears the way for reissuing federal mining leases and materially advances Antofagasta’s long‑stalled Twin Metals underground copper‑nickel‑cobalt‑PGM project on public land near the Canadian border. Under the 1996 Congressional Review Act, a future administration cannot easily reinstate an equivalent blanket withdrawal, reducing regulatory risk for large greenfield projects in the Duluth Complex.

JPMorgan has increased its holding in Sibanye-Stillwater to 5.66%, joining South Africa’s Public Investment Corp. with more than 20% and BlackRock with over 5% as major shareholders consolidating positions in the Johannesburg- and New York-listed precious metals producer. Despite the strengthened institutional register, Sibanye-Stillwater’s New York-listed shares fell 5.5% to about $11.80, giving a market capitalisation of $8.6 billion, roughly half the January peak after BlackRock’s move. The drop tracks further weakness in gold (-2%), platinum (-2.9%) and palladium (-1.5%), which underpin the group’s multi-continent mining portfolio.