Daily Mining Update for May 22, 2026 highlights fresh drill results and exploration/program updates across lithium, precious metals, and platinum group metals (PGMs), plus a notable TSX-V financing.
Key mining and natural resource news
Critical Elements Lithium: final Winter 2026 Rose West drill assays (lithium/tantalum/cesium)
- Critical Elements reported the final assay results from its Phase 1 Winter 2026 drill program at the 100%-owned Rose West discovery in Eeyou Istchee, Québec, and said it is preparing a follow-up Summer 2026 drill program (Investing News Network / ACCESS Newswire).
- Highlighted intervals included RW-26-39 at 1.71% Li2O over 14.75 m (including 2.47% Li2O over 8.05 m), and RW-26-40 at 1.73% Li2O over 15.60 m (including 2.90% Li2O over 7.35 m) (Investing News Network / ACCESS Newswire).
Stillwater Critical Minerals: rhodium assays at Stillwater West (PGMs + critical minerals)
- Stillwater Critical Minerals reported rhodium assay results from its 2025 resource expansion drilling at the 100%-owned Stillwater West project in Montana, USA, and said the results will be incorporated into an updated mineral resource estimate targeted for the first half of 2026 (Stillwater Critical Minerals).
- The release highlighted hole CM2025-01 with up to 0.167 g/t Rh over 1.22 m (from 358 m depth), and hole IM2025-01 with 0.148 g/t Rh over 1.22 m (from 272 m) (Stillwater Critical Minerals).
First Mining Gold: begins 2026 drilling at Duparquet (gold)
- First Mining announced it has started its 2026 drilling campaign at the Duparquet Gold Project in Québec, including about 12,000 metres of drilling, and entered a drilling partnership with Indigenous-led contractor Forage Anicinape (Stock Titan (via SEC 6-K)).
- The company said the program is intended to increase resource confidence, explore growth opportunities, and support future technical work; it also referenced 2025 highlights including 3.74 g/t Au over 15.5 m in hole DUP25-085 at the Miroir target (Stock Titan (via SEC 6-K)).
Fidelity Minerals: upsizes private placement (financing)
- Fidelity Minerals announced an increase to its previously announced non-brokered private placement to 14,050,000 units at $0.20 per unit, for gross proceeds of $2.81 million, subject to TSX Venture Exchange approval (TheNewswire).
- Each unit consists of one common share and one-half warrant (each whole warrant exercisable at $0.30 for 24 months), with proceeds stated for Peruvian exploration/community relations programs and general working capital (TheNewswire).
Disclaimer: This article is for informational purposes only and is not financial advice.
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