Novo Resources

Impact: Novo Resources is commencing drill programs at its Wyloo, Cronus, Balla Balla, and Teichman Projects, which could lead to new discoveries and increase its asset value.

Impact: Novo Resources is the parent company that owns a significant interest in HyProMag GmbH and is strategically positioned to benefit from the successful commissioning and scale-up of the rare earth magnet recycling plant in Pforzheim, Germany. This event strengthens its position in the rare earths supply chain.

Impact: Novo Resources successfully completed an oversubscribed fundraise of £12.5 million, strengthening its balance sheet and providing capital for growth opportunities, including a potential acquisition in Germany and capital expenditures in its UK and German operations.

Impact: Novo Resources is the defendant in a class action lawsuit alleging that it made materially false and/or misleading statements regarding the development progress at its Brook Mine.

Impact: Novo Resources appointed Ken Williams as General Manager of Exploration, which is expected to strengthen its exploration leadership and portfolio.

Impact: Novo Resources released its year-end 2025 financial statements and filed a Definitive Feasibility Study for the Songwe Hill Rare Earths Project, indicating strong progress in its rare earth and recycling projects.

Impact: Novo Resources' subsidiaries, HyProMag Ltd and Mkango Resources — Mkango Rare Earths UK Limited, are key partners in the REACT UK project, which received significant grant funding. This project strengthens Novo Resources' position in rare earth magnet recycling and manufacturing.