Daily Mining News Roundup: March 13, 2026
Today’s mining news is packed with significant developments across the sector, from major investment decisions to strategic mergers and global market shifts. Here’s a look at the top stories shaping the industry today.
Denison Mines Moves Forward with Phoenix Uranium Project
Denison Mines Corp. announced its final investment decision for the Phoenix In-Situ Recovery Uranium Mine, with plans to commence construction this month. The company holds a 90% operator joint venture interest in Phoenix and an effective 95% interest in the Wheeler River project. Despite an initial 1.63% drop in Denison’s stock on the announcement day, shares rebounded by 2.63%, reflecting broader strength in the uranium sector. This increase aligns with gains among peers, such as Energy Fuels Inc. (UUUU) rising by 8.53% and NexGen Energy Ltd. (NXE) up by 4.56%.
U.S. GoldMining Reports Promising PEA for Whistler Project
U.S. GoldMining’s Whistler Project in Alaska has delivered a robust Preliminary Economic Assessment (PEA), indicating a 33% after-tax Internal Rate of Return (IRR), which could rise to 62% at higher metal prices. The project boasts over 1 billion pounds of copper and approximately 20 million ounces of silver, with gold accounting for 75% of its value. Recovery rates for gold are reported at an impressive 89%.
Rare Earth Element Producers Poised for Growth
As the global demand for rare earth elements surges, companies like MP Materials and Lynas Rare Earths are set to benefit. A potential supply crunch, exacerbated by possible Chinese export quotas, could displace about 13,000 metric tons of demand. This environment is further fueled by a projected $10 billion in rare earth funding this year, as highlighted in a recent report.
Contango Ore and Dolly Varden Silver Merger Advances
Independent proxy advisory firms have recommended that Contango Ore Inc. stockholders vote in favor of its proposed arrangement with Dolly Varden Silver Corporation. This merger, aimed at creating a stronger precious metals entity, has a voting deadline set for today, March 13, 2026. Contango Ore holds a 30% interest in the Peak Gold joint venture with Kinross Gold Corporation.
Seabridge Gold Seeks Partner for KSM Project
Seabridge Gold is actively seeking a partner for its KSM copper-gold mine project following its 2025 corporate grade. This initiative is part of the company’s strategic adjustments for 2026, aiming to enhance its project development capabilities in the wake of evolving market conditions.
Outlook and Market Context
The mining sector continues to be shaped by high demand for critical minerals, including copper and lithium, driven by global electrification and renewable energy trends. Meanwhile, geopolitical factors and potential supply constraints in key regions like China are likely to impact pricing dynamics and strategic investments in the coming months. Investors should note that while historical performance provides context, it does not guarantee future results. Therefore, market participants are advised to consider these developments as part of a broader investment strategy rather than definitive financial guidance.
As always, this roundup provides analysis based on current market conditions and is not a substitute for professional financial advice.
Note: The above content is for informational purposes only and does not constitute investment advice. Past performance is not indicative of future results.
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Editorial Note: This article is an independent analysis based on publicly available information and press releases. MineListings.com is not affiliated with the companies mentioned. The views expressed are those of our editorial team and do not represent the official position of any company discussed. For the most accurate and complete information, readers should refer to the original source materials and company filings.
