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Tuesday, May 12, 2026

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Rain City Resources Inc. Announces Formal Evaluation Framework with YLB in Bolivia

Rain City Resources Inc. (CSE: RAIN) announced it has entered into a Memorandum of Understanding (MOU) with Yacimientos de Litio Bolivianos (YLB), Bolivia's state lithium company, to evaluate Bolivian brines and conduct laboratory-scale research on its Direct Lithium Extraction (DLE) platform. This is the first public MOU for lithium between YLB and a foreign company under the new Bolivian Administration. The agreement establishes a formal framework for technical evaluation, including a joint Technical Coordination Commission and periodic reporting. While the MOU does not grant concession rights or commercial production agreements, it provides Rain City with an institutional pathway to assess its technology in Bolivia. The development is significant due to the strategic importance of Bolivia's lithium resources and the complexity of its brine chemistry.

Notice to Long-Term Investors of New Era Energy & Digital, Inc. (NUAI): Grabar Law Office Investigates Claims on Your Behalf

Grabar Law Office is investigating claims on behalf of shareholders of New Era Energy & Digital, Inc. (NASDAQ: NUAI) regarding alleged breaches of fiduciary duty by the company and certain officers and directors. A federal securities fraud class action complaint alleges that New Era made false and misleading statements about its Texas Critical Data Centers project, permitting progress, environmental liabilities, and related-party oil and gas transactions. On December 12, 2025, a report by Fuzzy Panda Research claimed New Era's AI pivot was a 'fantasy' and that no permit applications had been submitted, leading to a 6.9% stock drop. On December 29, 2025, news of a lawsuit by the New Mexico Attorney General alleging a fraudulent oil-and-gas scheme caused the stock to fall an additional 41%, closing at $2.69 per share. Investors who purchased shares prior to November 6, 2024, and still hold them may seek corporate governance reforms and the return of funds.

Syria: TotalEnergies Signs a Cooperation Agre...

TotalEnergies, together with its partners QatarEnergy and ConocoPhillips, has signed a Memorandum of Understanding (MoU) with the Syrian Petroleum Company (SPC) for the exploration of Block 3, offshore Syria in the Mediterranean Sea. The MoU covers a technical review of the offshore Block 3 area and establishes a framework for technical and commercial discussions related to exploration activities. TotalEnergies previously had a relationship with the Syrian Petroleum Company from 1988 to 2011. The announcement highlights TotalEnergies' global presence, with more than 100,000 employees and activity in about 120 countries. This agreement is significant as it marks a renewed partnership in Syrian offshore exploration opportunities.

Parex Resources Positioned to Become Colombia’s Largest Independent Oil & Gas Producer, Provides Step-Change Guidance, Reports Q1 2026 Results, and Declares Q2 2026 Dividend

Parex Resources Inc. (TSX: PXT) announced it is poised to become Colombia’s largest independent oil and gas producer following a series of strategic transactions in early 2026, including the acquisition of Frontera E&P for $500 million cash, assumption of $225 million net debt, and a $25 million contingent payment. The company provided H2 2026 production guidance of 82,000 to 91,000 boe/d, up 93% at the midpoint from Q1 2026, and declared a Q2 2026 regular dividend of C$0.385 per share. Q1 2026 funds flow provided by operations was $114 million, with net income of $5 million. Parex also announced new producing assets in the Magdalena Basin and outlined capital expenditures of $275-295 million for H2 2026 and $495-515 million for FY 2026. The company issued $500 million in senior unsecured notes due 2031 to fund the Frontera acquisition.

Premier American Uranium Commences Drilling at Cebolleta as Part of 2026 Metallurgical Testing

Premier American Uranium Inc. (TSXV: PUR, OTCQB: PAUIF) announced the commencement of drilling at its Cebolleta Uranium Project in New Mexico as part of its 2026 work program. The drill program will support a 42-week laboratory campaign aimed at optimizing uranium recovery assumptions in the 2025 Preliminary Economic Assessment (PEA). The 2025 PEA outlines a potential 13-year mine life with average annual production of 1.4 million pounds U₃O₈ and peak production of 2.0 million pounds, with an after-tax NPV (8%) of US$83.9 million at a base case uranium price of US$90/lb. The project is expected to generate life-of-mine after-tax free cash flow of US$287 million and operating cash flow of US$496 million. The company highlights strong leverage to uranium prices and the potential for significant increases in project value with improved metallurgical recovery.

Benton and Metals Creek Acquire a 7th Highly prospective Helium and Natural Hydrogen Project in Newfoundland

Benton Resources Inc. (TSXV: BEX) and Metals Creek Resources Corp. (TSXV: MEK) announced the joint acquisition through staking of an additional 156 units under two licences to cover hydrogen/helium potential in Newfoundland at the Smoking Gun Prospect. Historic water samples from drill hole 79-67 showed highly anomalous helium values up to 8,900 parts per billion (ppb). The licences are located within the Deer Lake Basin, considered prospective for helium and natural hydrogen. Benton Resources also highlighted its Great Burnt Project in central Newfoundland, which has a Mineral Resource estimate of 667,000 tonnes @ 3.21% Cu Indicated and 482,000 @ 2.35% Cu Inferred. The announcement underscores the companies' focus on hydrogen, helium, and copper-gold exploration in response to increasing demand.

Bradda Head Signs MOU with Tyson Energy

Bradda Head Lithium Limited and Tyfast Energy Corp. have signed a Memorandum of Understanding (MOU) to explore a domestic US lithium supply pathway for Tyfast's proprietary lithium vanadium oxide (LVO) anode material. The collaboration will leverage Bradda Head's wholly owned US lithium assets in Arizona and Nevada and Tyfast's downstream battery material qualification process, aiming to advance a Made-in-USA supply chain for high-performance batteries targeting industrial and defense applications. Bradda Head's Basin Project in Arizona has an independent resource estimate confirming over 2.8 million tonnes of lithium carbonate equivalent, and the San Domingo project has over 100 drill holes completed. Tyfast's LVO anode platform is designed to deliver up to 10X faster charging and up to 10X longer cycle life than conventional lithium-ion batteries. This partnership is significant for investors as it aligns with US federal priorities on critical minerals supply chain resilience and advanced manufacturing investment.

Elevra Lithium’s Updated NAL Expansion Scoping Study Defines Faster Growth and Lower Costs

Elevra Lithium Limited (ASX:ELV; NASDAQ:ELVR) announced the outcomes of an Updated Scoping Study for the expansion of its North American Lithium (NAL) mine in Quebec, Canada. The study delivers additional annual concentrate production two years faster than originally planned, with a total capital expenditure unchanged at US$270 million. The expansion increases the post-tax NPV(8%) of the project to C$969M (US$718M), a 102% increase from the previous study, and provides a total NAL project post-tax NPV(8%) of C$3,112M (US$2,305M) with a post-tax IRR of 41.8% and payback of 25 months. The expanded production rate is increased to 338 ktpa, up from 315 ktpa, with an average LOM recovery of 71.2% and spodumene concentrate at a grade of 5.4% Li2O. The staged expansion approach aims to accelerate production, reduce costs, and enhance project economics.

Par Pacific Announces Pricing of Private Placement of $500 Million of 7.375% Senior Notes due 2034

Par Pacific Holdings, Inc. announced that its wholly owned subsidiary, Par Petroleum, LLC, has priced a private placement of $500 million in aggregate principal amount of 7.375% senior unsecured notes due 2034. The notes will be issued at par and are fully and unconditionally guaranteed on a senior unsecured basis by Par Pacific and certain subsidiaries. The offering is expected to close on May 14, 2026, subject to customary closing conditions. Net proceeds, together with cash on hand or borrowings under the ABL Credit Facility, will be used to repay and terminate Par Petroleum’s term loan due 2030. Par Pacific owns and operates 219,000 bpd of refining capacity and an extensive energy infrastructure network in the western United States.

Standard Uranium Announces LIFE Offering

Standard Uranium Ltd. (TSXV: STND) (OTCQB: STTDF) announced it will offer up to 9,000,000 units at a price of $0.10 per unit for aggregate gross proceeds of up to $900,000. Each unit consists of one common share and one-half of one common share purchase warrant, with each whole warrant exercisable at $0.15 per share. The proceeds are anticipated to be used for exploration of the Davidson River project and for working capital purposes. The offering is subject to TSXV approval and may include finders' fees. The securities offered will not be subject to a hold period under Canadian securities laws.

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