Volta Metals has intersected broad gallium mineralisation up to 210 m beneath the current Springer open-pit shell in Ontario, with hole SL26-31 returning 399 m from 3 m downhole grading 51.8 g/t gallium oxide and SL26-33 cutting 399 m at 39.1 g/t gallium oxide and 0.248% TREO. A third hole, SL26-32, delivered 53.9 m from 372.1 m to 426 m at 1.22% TREO and 47 g/t gallium oxide, and 90% of 863 samples exceeded 30 g/t gallium oxide. Metallurgical work now focuses on gallium recovery, including bioleaching trials at Laurentian University and processing studies with Idaho National Laboratory, to justify adding gallium to Springer’s 56.6 Mt indicated and 119.5 Mt inferred rare earth resource in a planned update later this year.

Canadian billionaire Eric Sprott is investing C$10 million in MAX Power Mining via a private placement of 4 million units at C$2.50, lifting his stake from 17.6% to 19.5% and positioning him to become a control person subject to shareholder approval on 20 August 2026. Each unit carries a common share plus a 24‑month warrant exercisable at C$3.25, with closing targeted around 17 August. MAX plans to use the funds to advance its multi‑well commercial validation drilling for natural hydrogen at the Lawson project, 80 km north of Moose Jaw, Saskatchewan.

US investor group including Glencore, Kyma Capital and Brevan Howard co-founder Trifon Natsis has offered to recapitalise Sherritt International with immediate equity at C$0.12 per share and acquire at least 55% via a US-based structure, sending the stock up 24% to C$0.15. The proposal, cleared for talks by the US State and Treasury Departments, competes with a Gillon Capital warrant deal and promises to stabilise Sherritt’s capital structure and preserve its Fort Saskatchewan nickel–cobalt refinery, one of only three nickel refineries in North America. Bondholders holding most of Sherritt’s 9.25% 2031 notes are demanding the board engage with all “credible alternatives” before finalising terms.