Top 4 ASX Mining Stocks this week
These ASX mining stocks are in focus as they show major updates across lithium rare earths and titanium sectors driven by deals results and expansion plans. European Lithium, Oceana Metals, Elevra Lithium and IperionX all reported key corporate and operational progress.
European Lithium Ltd (ASX: EUR)
on 28 April 2026 shared a nonbinding plan with Critical Metals Corp where all shares may be exchanged through a scheme. Each share would convert into 0.035 CRML shares with an implied value of A$0.58. Options would also be settled in shares using a cashless method based on value.
On 28 April 2026, it also stated there is no certainty the deal will proceed. Shareholders do not need to take action and updates will follow.
On 20 April 2026 Critical Metals reached 92.5% ownership of the Tanbreez project in Greenland while the company keeps 7.5%.
On 1 April 2026 a new buy back will run from mid April to mid October and shares bought will be cancelled.
Oceana Metals Ltd (ASX: OCN)
on 12 February 2026 entered a trading halt after a price query response and a proposed acquisition were being prepared. Trading was later suspended from 16 February 2026 and remains suspended. The company said it has been in talks for possible project acquisitions but no binding agreement is confirmed.
The company focused on new project opportunities in precious metals, strategic metals and critical minerals across Australia and Latin America.
On an earlier update the Solonopole Project in Brazil continued field work including trenching sampling and drilling plans with results expected in Q1 2026.
Elevra Lithium Ltd (ASX: ELV)
on 23 April 2026 released its quarterly activities report for March 2026 showing improved operations and cash flow. North American Lithium recorded US$81 million revenue up 22 percent with higher plant utilisation at 94 percent and production of 47,332 dmt spodumene. Safety performance improved and lithium recovery reached 66 percent. Sales were 55,526 dmt at US$1,453 per tonne while costs rose slightly.
Mine and growth updates included ore availability increase, expansion planning for NAL, ongoing permitting at Moblan, and ratification progress for Ewoyaa. Carolina Lithium also advanced land acquisition and stakeholder engagement.
Corporate update showed US$113 million cash, net cash US$58.7 million, and MoU with Mangrove Lithium for downstream supply discussions. Guidance for FY26 remained unchanged.
IperionX Limited (ASX: IPX)
noted strong investment conditions driven by rising titanium demand, supply chain risk and government backing in the United States. It also highlighted progress in technology, customer engagement and prototype orders across industries.
It is advancing commercial operations after more than three years of pilot work. Defense programs are a key focus with titanium fastener development progressing from testing to a first low rate production order in 2026 for military vehicle use.
The company is expanding with U.S. government support targeting large scale production and lower costs by 2027. It aims to scale output toward 2030.
The Titan project in Tennessee supports future supply of rare earths titanium and zircon minerals and is funded for completion of a study by mid 2026.
(Source: Company Report)
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