Eon Resources (EONR) and its wholly owned subsidiary, LH Operating, provided an update on a Sept. 9 transaction, under which one or more subsidiaries of Virtus Energy Partners will drill up to 92 horizontal wells in the San Andres formation across Eon's 13,700 leasehold acres in the Grayburg-Jackson field in Eddy County, New Mexico, according to a statement Friday.
Eon said it will release results of the newly drilled horizontal wells in Q1, after all 2026 horizontal wells are drilled.
Canyon Resources (ASX:CAY) said its subsidiary in Cameroon has received a delivery of locomotives to support development activities at the local Minim Martap bauxite project, according to a Friday filing with the Australian bourse.Mining at the project is due to start in the third quarter, while the first bauxite shipment from Minim Martap remains on track for the fourth quarter, per the filing.Additionally, the company said Mark Hohnen will retire as its non-executive chairman, effective Aug. 25.Canyon Resources shares fell nearly 5% in recent Friday trade.
Cyprium Metals (ASX:CYM) appointed Christofer Catania as chief technical officer, according to a Friday Australian bourse filing.The company said Catania most recently served as senior vice president, global resources at Worley.The company's shares rose past 5% in recent Friday trade.
Titan Mining (TII) subsidiary Empire State Mines received conditional selection notices from the US Army to build and operate graphite purification facilities at defense installations at the Pine Bluff Arsenal in Arkansas and the Anniston Army Depot in Alabama.Under the awards, Empire State Mines will design, finance, construct and operate the Kilbourne Graphite Purification Plant, which will be located at Pine Bluff Arsenal, the primary site identified in the Army's Enhanced Use Lease program, Titan Mining said Thursday in a statement.Anniston Army Depot, designated as the secondary site, will host additional graphite-purification capacity under the same program, forming part of the broader effort to establish domestic processing infrastructure on US defense installations.The facilities will produce purified micronized graphite and coated spherical purified graphite for defense, energy-storage and industrial applications. Construction is targeted to begin in H2 2027, pending final business agreements with the Army, Titan Mining said.REalloys (ALOY), ioneer and Energy Exploration Technologies have also reached agreements with the Pentagon to build critical-minerals processing plants, Bloomberg reported Thursday, citing people familiar with the matter.Titan Mining shares rose 16% in after-hours trading, and REalloys gained 2.1%.