Gypsum industry news

Australia: Cohiba Minerals has received notification that it has successfully secured a 5-year extension of its exploration licence for its Pyramid Lake gypsum mine in south-western Western Australia. The new lease will expire on 4 July 2026.

The company says that it has recommenced its application for a mining lease for the high-grade area of the Pyramid Lake mine, which is not covered by its present lease. It says that it had previously delayed the process due to a change in its application conditions.

Cohiba Minerals previously announced the planned expansion in December 2020 as part of a countrywide expansion of its extraction activities, towards which it was raising US$1.5m through a share purchase plan.

Australia: Cohiba Minerals has announced plans to raise US$1.5m through a share purchase plan. It plans to use the money to expand its mineral extraction operations across Australia, including the finalisation of a mining lease for its Pyramid Lake gypsum mine in Western Australia.

The company said, “Some of the funding will also be applied to working capital to achieve these ends.”