Encounter Resources Limited (ASX: ENR) reports air-core step-outs that extend high-grade niobium more than 1 km east of the Green resource footprint at the Aileron Nb-REE Project (Figure 1), while a shallow REE corridor is emerging along the southern carbonatite margin. The program is transitioning to 200 × 80 m infill at Green East and diamond drilling for metallurgy to define resource-ready domains.

Peninsula Energy Limited (ASX: PEN) has completed a A$69.9 million equity raise alongside full drawdown of its Davidson Kempner debt facility, settled legacy contract liabilities, and confirmed that first dried yellowcake has been produced at the Lance Central Processing Plant in Wyoming (Figure 1). The combined funding and operational milestones underpin the Horizon 2 plan and position Lance for a disciplined scale-up.

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