International Graphite (IG6:AU) has announced Comet share sale and debt repayment
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Rapid Critical Metals Limited (‘Rapid,’ ‘RCM’ or ‘Company’) is pleased to advise that the Company has today completed the acquisition of Silver Metal Group Limited’s two wholly-owned subsidiaries, Conrad Resources Pty Ltd and Webbs Resources Pty Ltd (Transaction), the terms of which are contained in the Company’s announcement to ASX of 22 May, 2025. The Transaction was approved by shareholders at the Extraordinary General Meeting (EGM) held on 7 July, 2025.
Following completion, Mr Byron Miles has been formally appointed as Managing Director by the Board effective 24 July, 2025, with his appointment as a Director also approved by shareholders at the EGM.
Mr. Miles is a financial market professional who brings a wealth of experience to the Company, having worked as a stockbroker and fund manager for over 18 years. He is a specialist in mergers and acquisitions, with transactions across various commodities and geological locations. Mr Miles has a track record of helping companies develop from inception to profitable businesses.
Following Byron’s appointment to Managing Director, both Martin Holland and Michael Schlumpberger will transition to the role of Non-Executive Director, also effective 24 July, 2025.
Commenting on the completion of the acquisition of the silver projects and transition of Managing Director, Rapid’s Chairman, Rick Athon, said:
“The Board would like to thank Martin Holland for executing the transformative strategy of the Company as Managing Director that was required to turn RCM into a well-funded critical metals Company with leading acquisitions in Silver and Gallium + Germanium, across two leading mining jurisdictions.”
Summary of Key Engagement Terms:
The terms of engagement are in line with industry practice and ASX corporate governance guidelines. The remuneration package is designed to ensure alignment of reward with achievement of corporate objectives and the creation of shareholder value, as determined by the Board.
Term
Mr Miles’ engagement as Managing director is effective from 24 July, 2025 and until terminated in accordance with the Agreement.
Remuneration
Mr Miles will be paid an annual salary of $250,000.
Termination
The Agreement may be terminated by the Company by six months’ notice or payment in lieu of notice and six months’ notice by Mr Miles or immediately by the Company for a material breach of the Agreement. Customary restraint provisions apply.
Click here for the full ASX Release
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Asara Resources (AS1:AU) has announced Asara raises $25m to accelerate exploration at Kada
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Greenvale Energy (GRV:AU) has announced Maiden Drill Program Commences at Oasis Uranium Project
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Radiopharm Theranostics (RAD:AU) has announced RAD receives IND approval from US FDA for Betabart (RV-01)
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Investor Insight
GTI Energy presents an intriguing opportunity for investors seeking exposure to the uranium sector, given its focus on ISR projects in the US aligning well with macro trends in the nuclear energy industry and geopolitical shifts favouring domestic uranium production.
Overview
GTI Energy (ASX:GTR,OTCQB:GTRIF) is an Australia-based uranium exploration and development company focused on uranium projects in Wyoming, USA, that are amenable for in-situ recovery (ISR). In uranium mining, ISR is the lowest cost and least environmentally damaging form of uranium recovery, especially when alkaline leach and ion exchange processes are utilised.
The company’s flagship Lo Herma project in the Powder River Basin is a sandstone-hosted roll front uranium deposit, which contains a recently updated mineral resource of 8.57 million pounds (Mlbs) of U₃O₈ at an average grade of 630 parts per million (JORC 2012 compliant), with a substantial additional exploration target in the range of 6 to 11 Mlbs – GTI recently completed an interim Scoping Study on this project. GTI also holds projects in the Great Divide Basin (inferred resource of 1.66 Mlbs) and Green Mountain areas of Wyoming, as well as earlier-stage conventional uranium/vanadium assets in Utah. As of the latest update, GTI has delineated total combined uranium resources of 10.23 Mlbs (indicated and inferred) and combined exploration targets ranging from 12.14 to 15.21 million tonnes across its Wyoming projects.
Wyoming’s ISR uranium processing assets and GTI project locations
GTI is positioning itself to take advantage of the worsening uranium supply deficit and rapidly growing demand for uranium, particularly from the United States. The US remains the world’s largest consumer of uranium but imports over 95 percent of its supply. GTI’s strategy centres on developing low-cost ISR uranium projects in Wyoming – historically one of the most productive uranium regions in the US – with established infrastructure, regulatory support, and proximity to existing ISR processing facilities.
The uranium market is experiencing a serious supply deficit and a significant resurgence in demand driven by several factors:
- Supply constraints following decades of underinvestment and an overreliance on Russian and Kazakh supply chains;
- Geopolitical realignment leading to a bifurcated uranium market, with the US banning imports of Russian nuclear fuel as of August 2024, intensifying the urgency for domestic supply security;
In the United States specifically, there is bipartisan policy support for revitalising the domestic uranium industry. Key initiatives include the formation of a strategic uranium reserve, over US$6 billion in grants for existing nuclear facilities, and tax incentives for new builds under the Inflation Reduction Act. Additionally, the US Department of Energy has called for tripling US nuclear capacity to 300 gigawatts by 2050. Demand signals are also coming from private sector growth, particularly AI-driven data centre development and long-term net-zero pledges by institutional investors and banks.
GTI Energy’s project strategy
In the longer term, GTI recognises the value potential of consolidation within the fragmented US uranium sector. The company remains open to strategic partnerships, joint ventures or merger and acquisition opportunities that could accelerate its development timeline, enhance scale, and unlock synergies. Such initiatives could ultimately strengthen GTI’s path to production and improve its overall value proposition to shareholders.
Company Highlights
- GTI Energy is focused on ISR-amenable uranium projects in Wyoming, USA.
- GTI has completed an interim Scoping Study on its flagship Lo Herma project in the Powder River Basin which contains a recently updated mineral resource of 8.57 Mlbs of U₃O₈ at average grade of 630 ppm.
- GTI also holds drill permitted projects with defined resources and exploration targets in the Great Divide Basin and Green Mountain areas in Wyoming, and uranium-vanadium assets with significant recent exploration data in Utah.
- To date, GTI has delineated total combined uranium resources of 10.23 Mlbs (indicated and inferred) and substantial combined exploration targets in the range 12 to 20 Mlbs across its Wyoming projects.
- Wyoming is a historically significant uranium producing region with existing infrastructure and a supportive regulatory environment.
- GTI is well-placed to take advantage of the worsening uranium supply deficit and rapidly growing demand for uranium, particularly from the United States, the world’s largest consumer of uranium.
Key Projects
Wyoming Uranium Projects
GTI’s focus on Wyoming ISR projects positions it well to capitalize on trends in the uranium sector. ISR mining is generally faster to build, lower cost, and more environmentally friendly than conventional mining methods. Wyoming has a long history of uranium production and hosts current producers and several additional permitted processing facilities, potentially allowing for rapid development of new projects.
The Wyoming projects – comprising the Lo Herma, Great Divide Basin, and Green Mountain projects – are located in the Powder River and Great Divide Basins.
JORC Resources and Exploration Targets
Lo Herma
The company’s exploration work is currently centered on advancing its 100 percent owned flagship Lo Herma project, where drilling in 2023 and 2024 successfully verified and expanded the historical drill hole database. As of December 2024, the project hosts a JORC-compliant mineral resource estimate of 8.57 Mlbs of U₃O₈ at an average grade of 630 ppm, comprising 2.78 Mlbs indicated and 5.79 Mlbs inferred.
The Lo Herma project is located just 10 miles from Cameco’s Smith Ranch-Highland facility – the largest ISR uranium plant in the United States – and is ideally situated for potential future production synergies. In addition to the current resource, the company has defined an exploration target of 6 to 11 Mlbs, with over 950 drill holes completed across the project area.
GTI completed hydrogeologic field testing and metallurgical leach studies during the March 2025 quarter. Results demonstrated that Lo Herma mineralisation is amenable to alkaline ISR recovery with uranium recoveries averaging 75 percent, consistent with other ISR operations in the district.
Following the successful completion of these studies, GTI delivered an interim scoping study in Q2 2025, managed by BRS Engineering. The study confirmed the project’s potential viability and outlined attractive baseline economics for both central processing and satellite mining development options. The company is now finalising plans for a follow-up drilling campaign in H2 2025. This next phase will include infill and step-out drilling to increase overall mineral resources and upgrade resource classification, while collecting further hydrogeological and metallurgical data.
Great Divide Basin and Green Mountain
The company continues to progress its additional Wyoming projects, including the Great Divide Basin and Green Mountain areas. Drilling is permitted for 2025, positioning GTI to unlock further value across these strategic tenements.
The Great Divide Basin project includes the Thor, Logray, Loki, Odin, Teebo and Wicket claims. It holds a JORC inferred mineral resource of 1.66 Mlbs of U₃O₈ at 570 ppm, and a defined exploration target of 6.55 to 8.11 million tonnes grading 420 to 530 ppm. The area benefits from significant historical exploration data and proximity to major uranium infrastructure, including Ur-Energy’s Lost Creek plant and Rio Tinto’s Sweetwater Mill.
GTI’s footprint in this region was expanded by acquiring the Green Mountain project, which includes 5,585 hectares of contiguous claims directly adjoining Rio Tinto’s tenements. Historical drilling and geophysical surveys confirm the presence of uranium mineralisation in sandstone-hosted roll fronts within the Battle Springs formation.
Green Mountain lies adjacent to notable regional projects including Energy Fuels’ Sheep Mountain (30 Mlbs), Ur-Energy’s Lost Soldier, and UEC’s Antelope deposits, positioning GTI near major development and production infrastructure in the basin.
Utah
Henry Mountains Uranium Project
GTI’s Henry Mountains project in Utah is a brownfields uranium-vanadium opportunity located within the prolific Colorado Plateau uranium province. Exploration has focused on a 5 km mineralised trend between the Rat Nest and Jeffrey claim groups, including the Section 36 state lease.
Uranium and vanadium mineralisation in this area is shallow – typically 20 to 30 metres deep – and has historically supported significant production. Since 1904, the district has yielded more than 92 Mlbs of U₃O₈ and 482 Mlbs of V₂O₅ from sandstone-hosted ores. The project remains a strategic asset with future development or transactional optionality as GTI advances its Wyoming portfolio.
Management Team
Bruce Lane – Executive Director
Bruce Lane has significant experience with ASX-listed and large industrial companies. Lane has held management positions in many global blue-chip companies as well as resource companies and startups in New Zealand, Europe and Australia. He holds a master’s degree from London Business School and is a graduate member of the Australian Institute of Company Directors. Lane has led a number of successful acquisitions, fund raising and exploration programs of uranium and other minerals projects during the last 20 years, most notably with ASX listed companies Atom Energy, Stonehenge Metals and Fenix Resources (FEX).
Matt Hartmann – Director
ISR uranium specialist Matt Hartmann is an executive and technical leader with more than 20 years of international experience and substantial uranium exploration and project development experience. He first entered the uranium mining space in 2005 and followed a career path that has included senior technical roles with Strathmore Minerals and Uranium Resources. He is also a former principal consultant at SRK Consulting where he provided advisory services to explorers, producers and prospective uranium investors. Hartmann’s ISR uranium experience has brought him through the entire cycle of the business, from exploration, project studies and development, to production and well field reclamation. He has provided technical and managerial expertise to a large number of uranium ISR projects across the US including, Smith Ranch – Highland ISR Uranium Mine (Cameco), Rosita ISR Uranium Central Processing Plant and Wellfield (currently held by enCore Energy), the Churchrock ISR Uranium project (currently held by Laramide Resources), and the Dewey-Burdock ISR Uranium project (currently held by enCore Energy).
Simon Williamson – Non-executive Director
Simon Williamson was general manager and director of Cameco Australia until late 2023 and has significant uranium industry experience, networks and skills from his 13 years at Cameco. During his tenure with Cameco, Williamson managed relations with key government ministers and departments and community stakeholders. He managed project approvals processes, including negotiations with State and Federal agencies and reviewing the PFS for the Yeelirrie project.
Williamson was intimately involved in obtaining environmental approval for the Kintyre and Yeelirrie uranium projects, including developing and implementing a program of environmental baseline studies, government and community consultation and negotiating land access. Prior to his appointment as general manager, he led the government and regulatory affairs, environmental and radiation safety activities of Cameco in Australia.
James (Jim) Baughman – Executive Director
James Baughman is a highly experienced Wyoming uranium geologist and corporate executive who will help guide the company’s technical and commercial activities in the US. Baughman is the former president and CEO of High Plains Uranium (sold for US$55 million in 2006 to Uranium One) and Cyclone Uranium.
Baughman has more than 30 years of experience advancing minerals projects from grassroots to advanced stage. He has held senior positions (i.e., chief geologist, chairman, president, acting CFO, COO) in private and publicly traded mining & mineral exploration companies during his 30-year career.
He is a registered member of the Society of Mining, Metallurgy, Exploration and a member of the Society of Economic Geologists with a BSc in geology (1983 University of Wyoming) and is a registered professional geologist (P. Geo State of Wyoming). Baughman is a registered member of the Society of Mining, Metallurgy, and Exploration (SME) and a qualified person (QP) on the Toronto Stock Exchange (TSX) and Australian Stock Exchange (ASX).
Petar Tomasevic – Non-executive Director
Petar Tomasevic is the managing director of Vert Capital, a financial services company specializing in mineral acquisition and asset implementation. He has worked with several ASX-listed companies in marketing and investor relations roles. Tomasevic is fluent in five languages. He is currently appointed as a French and Balkans language specialist to assist in project evaluation for ASX-listed junior explorers. Most recently, he was a director at Fenix Resources (ASX:FEX), which is now moving into the production phase. He was involved in the company’s restructuring when it was known as Emergent Resources. Tomasevic was also involved in the company’s Iron Ridge asset acquisition, the RTO financing, and the development phase of Fenix’s Iron Ridge project.
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House Speaker Mike Johnson, R-La., said Sunday that Jeffrey Epstein’s former girlfriend Ghislaine Maxwell deserves a life sentence, rejecting the idea of a potential pardon for the convicted sex trafficker.
In an appearance on NBC’s ‘Meet the Press,’ Johnson was asked if he supported a pardon for Maxwell, but the speaker emphasized that the decision ultimately belongs to President Donald Trump.
‘I think 20 years was a pittance,’ Johnson said of Maxwell’s time behind bars. ‘I think she should have a life sentence, at least. I mean, think of all these unspeakable crimes.’
‘I mean it’s hard to put into words how evil this was and that she orchestrated it and was a big part of it, at least under the criminal sanction, I think is an unforgivable thing,’ Johnson added, acknowledging that federal prosecutors identified more than 1,000 victims, many of whom were underage. ‘So again, not my decision, but I have great pause about that as any reasonable person would.’
While leaving the White House on Friday en route for Scotland, Trump was asked if he considered a pardon or clemency for Maxwell. The president left the door open, responding: ‘I’m allowed to do it, but it’s something I have not thought about.’
Johnson said he supports the position of the president, the FBI and the Justice Department that ‘all credible evidence and information’ be released, but emphasized the need for safeguards to protect victims’ identities. As for Maxwell, she was questioned by Deputy Attorney General Todd Blanche at federal prison in Tallahassee, Florida, for two consecutive days last week. Her lawyer told reporters she answered questions on about 100 potential Epstein associates as she angles for clemency.
‘That’s a decision of the president,’ Johnson said of a potential Maxwell pardon. ‘He said he had not adequately considered that. I won’t get in front of him. That’s not my lane. My lane is to help direct and control the House of Representatives and to use every tool within our arsenal to get to the truth. I’m going to say this as clearly and plainly and repeatedly as I can over and over. We are for maximum disclosure. We want all transparency. I trust the American people. I and the House Republicans believe that they should have all this information to be able to determine what they will. But we have to protect the innocent. And that’s the only safeguard here that we’ve got to be diligent about, and I’m insistent upon doing so.’
Johnson criticized a petition for the release of all the Epstein files brought by Reps. Thomas Massie, R-W.Va., and Ro Khanna, D-Penn., as ‘reckless’ and poorly drafted, arguing that it ignored federal rules protecting grand jury materials and ‘would require the DOJ and FBI to release information that they know is false, that is based on lies and rumors and was not even credible enough to be entered into the court proceedings.’
The speaker said the petition also lacked safeguards for minor victims who were subjected to ‘unspeakable crimes, abject evil’ and who risk being ‘unmasked.’ Johnson said Massie and Khanna ‘cite that they don’t want child abuse, sex abuse information uncovered, but they cite the wrong provision of the federal code, and so it makes it unworkable.’ The speaker argued Republicans on the House Rules Committee are committed to a better drafted approach that will protect the innocent.
Asked about a potential pardon for Maxwell, Massie told NBC’s Kristen Welker earlier in the program that it ‘would be up to the president, but if she has information that could help us, I think that she should testify.’
‘Let’s get that out there, and whatever they need to do to compel that testimony, as long as it’s truthful, I would be in favor of,’ Massie said.
Khanna said he did not believe Maxwell’s sentence should be commuted and that he was concerned that Blanche was meeting with her. He said he agreed with Massie that Maxwell should testify but noted she has been indicted twice for perjury.
‘This is why we need the files. This is why we need independent evidence,’ Khanna said.
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President Donald Trump blasted the European Union for not providing aid to Gaza on Sunday, adding that Israel must ‘make a decision’ about how to handle the region with Hamas still holding hostages.
Trump made the comments while meeting with European Commission President Ursula von der Leyen in Scotland. He said that the U.S. has given millions in aid to Gazans, but claimed there has been no assistance from European countries.
‘We gave $60 million two weeks ago for food for Gaza, and nobody acknowledged it. Nobody talks about it. And it makes you feel a little bad when you do that. And, you know, you have other countries not giving anything. None of the European countries, by the way, gave – I mean, nobody gave but us and nobody said, gee, thank you very much. And it would be nice to have at least a thank you.’
Trump went on to note that a deal needs to be made between Israel and Hamas to end the war and return the last remaining hostages to Israel, despite many of them being dead.
‘But we have a lot of bodies, and the parents want those bodies as much as they would want their child if that child were alive,’ Trump said of the hostages and their families.
He suggested that Hamas is reluctant to make a deal for the final hostages because they feel it would be ‘the end for them’ if they lose leverage against Israel.
‘You know, they had a routine discussion the other day and all of a sudden they hardened up. They don’t want to give them back. And so Israel is going to have to make a decision,’ Trump said.
The meeting comes as the IDF highlighted its efforts to deliver aid into Gaza after restricting the flow in recent months.
Israel is now conducting airdrops for aid throughout the region, and the IDF says it conducted 28 drops in a matter of hours on Sunday.
‘Let me be clear: Israel supports aid for civilians, not for Hamas. The IDF will continue to support the flow of humanitarian aid to the people of Gaza,’ an IDF spokesperson said, claiming Israel transferred roughly 250 trucks full of aid into Gaza this week.
The IDF argues the reports about starvation in Gaza were a false campaign promoted by Hamas, but hunger is spreading across the region after the United Nations and the IDF previously failed to reach an agreement about aid distribution, Fox News’ Trey Yingst reported.
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President Donald Trump and European Commission President Ursula von der Leyen announced a trade deal between the U.S. and European Union on Sunday.
The announcement came moments after the two had addressed the media, agreeing that the likelihood of an agreement was about 50-50. Von der Leyen said the negotiations had taken some ‘heavy lifting,’ but the two leaders agreed they were happy with the result.
‘We are agreeing that the tariff straight across for automobiles and everything else will be a straight-across tariff of 15%,’ Trump said.
‘So we have a tariff of 15%. We have the opening up of all of the European countries, which I think I could say were essentially closed. I mean, you weren’t exactly taking our orders. You weren’t exactly taking our agriculture,’ he added, addressing von der Leyen.
Von der Leyen said Europe will also purchase $150 billion worth of U.S. energy as part of the deal, in addition to making $600 billion in other investments into the U.S.
Trump and von der Leyen had sounded unsure of whether a deal would be reached even as they spoke to the press in Scotland on Sunday.
‘We look forward to talking to see if we can do something,’ Trump had said of the negotiations. ‘We’ve had, a very good relationship over the years, but it’s been a very one-sided transaction, very unfair to the United States.’
Responding to a reporter’s question, von der Leyen agreed with Trump that there must be a ‘rebalancing’ of the bilateral trade, which is worth billions of dollars.
‘It is about rebalancing,’ von der Leyen said as she sat next to Trump. ‘You can call it fairness, you can call it rebalancing. We have a surplus and the United States has a deficit, and we have to rebalance it.’
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A lawmaker in the conservative House Freedom Caucus is launching his campaign to be governor of South Carolina.
Rep. Ralph Norman, R-S.C., who came to Congress in 2017, kicked off his Palmetto State bid with a Rock Hill campaign rally on Sunday.
‘I am running for governor to shake things up, clean up Columbia, and finally take down the corrupt political establishment once and for all,’ Norman is telling voters, according to prepared remarks obtained by Fox News Digital. ‘I owe nothing to the lobbyists. I owe nothing to the Columbia bureaucratic elite. My allegiance is to you, the people of South Carolina.’
As part of his campaign platform, Norman is promising to establish a Department of Government Efficiency (DOGE) ‘commission’ in the state ‘that roots out waste, fraud, and abuse.’
Norman is also running on the promise of fixing South Carolina’s infrastructure, implementing term limits for state lawmakers, tort reform, and pledging to ‘let the people vote on judges.’
Currently, a majority of state judgeships in South Carolina are decided by the General Assembly. Some positions, including magistrate judges, are appointed by the governor.
Norman is also promising ‘to use the bully pulpit to bring my case directly to the people’ and to ‘use the veto pen.’
His campaign speech also touches on socially conservative goals like advocating for school choice, and restricting school bathrooms by gender at birth.
‘And if that all doesn’t work, I’m telling you now that any so-called ‘Republican’ RINO legislator that doesn’t stand for reforms the people are calling for doesn’t deserve to be in office and we’ll beat them in Republican primaries if that’s what it takes,’ Norman’s speech says.
Norman is joining a crowded Republican primary field with his Sunday announcement. South Carolina Attorney General Alan Wilson, Lt. Gov. Pamela Evette and state Sen. Josh Kimbrell are also in the race.
Meanwhile, Norman’s House colleague, Rep. Nancy Mace, R-S.C., is also said to be considering a campaign for governor.
And in a state that President Donald Trump won by nearly 20 points in 2024, the commander-in-chief’s endorsement – both in the primary and general election – will likely be critical.
Norman pointed out in his speech that both he and Trump have a background in real estate; both men led development companies that were founded by their fathers.
‘We need business leaders – people who have signed both the front and the back of a paycheck. Folks who have built something, taken risks, made money, and yes, lost money too,’ Norman said. ‘Thankfully, we have a great businessman – and fellow developer – back in the White House! Just look what a difference President Trump has made in six months.’
He also cast himself as a disruptor who helped move ‘the needle by making our budget more conservative,’ in reference to the House Freedom Caucus’s push to move Trump’s ‘big, beautiful bill’ to the right.
And while the group was successful in doing that in the House, the Senate watered down several of those wins during its time considering the bill. The Senate version ultimately passed the House, with Norman and other Freedom Caucus members voting in support.
‘Some say I have earned a reputation of being uncompromising, always trying to make a bill more conservative,’ Norman’s speech says. ‘Well folks, I’ll take that as a compliment and I am proud of it.’
As a member of Congress, Norman sits on the House Committee on Financial Services, House Budget Committee, and House Rules Committee.
A longtime ally of former South Carolina Gov. Nikki Haley, Norman was the only House Republican to formally endorse her before Haley dropped out of the race, after which Norman backed Trump.
He told Fox News Digital of his endorsement in January 2024, ‘When I supported Nikki Haley, I had the respect of Donald Trump to call him, and I told him what I was gonna do, and I decided I was going to do it.’
It’s worth noting, however, that Norman had been a vocal supporter of Trump since Haley’s exit – and unlike other House Freedom Caucus allies, he did not incur Trump’s wrath for his loyalty to Haley.
He was most recently at the White House earlier this week with other House Republicans for a reception celebrating their legislative successes.
The South Carolina gubernatorial general election will take place in November 2026.
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