Daily Mining Update — July 31, 2026. Here are several notable mining and natural-resource headlines from the last day or two, spanning copper-gold exploration results, uranium/nuclear-fuel developments, major-miner financial updates, and fresh junior financings.
NGEx Minerals: final Phase 4 Lunahuasi drill results (Argentina)
NGEx Minerals reported the final four drill holes from its Phase 4 program at the Lunahuasi copper-gold-silver project in San Juan, Argentina, including highlighted intervals such as 20.50m at 17.83% CuEq (within 95.00m at 4.77% CuEq) in hole DPDH078, and 13.50m at 11.36% CuEq in hole DPDH075. (NGEx news release)
Cameco / Westinghouse: IPO filing step disclosed
Cameco said Westinghouse Electric Company (owned jointly by Cameco and Brookfield Renewable Partners) confidentially submitted a draft registration statement on Form S-1 with the U.S. SEC relating to a proposed initial public offering, with share count and pricing not yet determined. (Business Wire via Yahoo Finance)
Rio Tinto: half-year results highlight copper and energy-transition exposure
Rio Tinto reported first-half 2026 results including +3% copper-equivalent production, underlying EBITDA of US$14.8 billion (+28%), free cash flow of US$3.8 billion (+75%), and an interim dividend of US$3.4 billion (+43%), while noting that copper, aluminium and lithium contributed more than 50% of underlying EBITDA. (Rio Tinto release)
BHP: Port Hedland industrial action notice (Australia)
ABC News reported that unions notified Australia’s Fair Work Commission of planned industrial action at BHP’s Port Hedland operations, including a 24-hour ban on loading ships (the day prior) and a 24-hour strike starting 5:30 a.m. on August 9 if upcoming bargaining does not resolve the dispute. (ABC News)
Abasca Resources: financing closed for graphite exploration (Saskatchewan)
Abasca Resources announced it closed a non-brokered private placement totaling C$3.0 million (10,000,000 flow-through shares at C$0.25 and 2,500,000 non-flow-through shares at C$0.20), with proceeds intended to support continued work at the Loki flake graphite deposit (Key Lake South Project) and for general and administrative purposes. (ACCESS Newswire via Digital Journal)
Junior financing: Saba Energy (TSXV: SABA) private placement closed
Saba Energy said it closed a non-brokered private placement issuing 4,000,000 units at C$0.05 for gross proceeds of C$200,000; each unit includes one common share and one warrant exercisable at C$0.075 for two years, with proceeds for general working capital (subject to TSXV approval). (TheNewswire release via Mining.com)
This article is for informational purposes only and is not financial advice.
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