Daily Mining Update (July 7, 2026) — A quick roundup of notable mining and natural-resource company updates from the past couple of days, spanning uranium exploration, rare earth project economics, gold operations, and exploration financings.
1) Uranium: F4 Uranium reports two radioactive trends at Murphy Lake (Athabasca Basin)
F4 Uranium said its Murphy Lake drill program in Saskatchewan’s Athabasca Basin totaled 4,092 metres across nine holes and defined two prospective “mineralized corridors,” with six of nine holes returning anomalous radioactivity. Highlights included hole ML26-023 with handheld scintillometer readings >300 cps over 0.5 m (peak 400 cps) and downhole gamma readings >500 cps over a total of 3.2 m (peak 2,696.9 cps). (MINING.COM press release)
2) Rare earths: Consolidated Lithium Metals publishes Updated PEA metrics for Kwyjibo (Québec)
Consolidated Lithium Metals announced results from an Updated Preliminary Economic Assessment for the Kwyjibo Rare Earth Oxide Project in Québec’s Côte-Nord region. The company reported an after-tax NPV (8%) of CAD $1,401 million and after-tax IRR of 35.4%, with a stated mine life of 10 years and a 2.67-hectare mine surface footprint, alongside off-site processing plans. (Yahoo Finance / GlobeNewswire release)
3) Gold: Gold Road International reports June 2026 operating metrics
Gold Road International reported June 2026 unaudited production figures, including 13,678 tons processed (split between ore and tailings), an average recovered grade of about 0.87 g/t, 11,914 grams (383.07 ounces) recovered in the mill, and 14,615 grams (469.90 ounces) poured as doré. The company also noted the ball mill rehabilitation effort was nearing completion. (Euronext company news)
4) Copper exploration finance: Pacific Ridge closes final tranche of C$8.46M private placement
Pacific Ridge Exploration reported closing the final tranche of a private placement for aggregate gross proceeds of C$8,456,400.02, consisting of hard-dollar units, flow-through units, and charity flow-through shares. The release also stated that Minsur S.A., via subsidiary Cumbres del Sur S.A.C., became a ~13.8% shareholder (basic). (The Globe and Mail / Newsfile)
This article is for informational purposes only and is not financial advice.
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