Core Energy Minerals

What Core Energy Minerals does

Core Energy Minerals Ltd (ASX:CR3) is an Australia-domiciled, ASX-listed critical mineral exploration company headquartered in West Leederville, Perth. The company holds a diversified portfolio of rare earth elements (REE) and uranium exploration projects across three Tier 1 mining jurisdictions: approximately 1,200km² of prospective ground across five Brazilian states (Bahia, Paraiba, Parana, Goiás, Rio Grande do Sul); uranium projects in South Australia (Cummins, Brooker, and the Western Eyre Peninsula graphite project with a JORC resource of 6.22Mt @ 4.8% TGC); and two 100%-owned uranium projects (Gemsbok EPL9725 and Oryx EPL9652) in Namibia's Erongo region adjacent to world-class deposits. The Brazilian REE assets include the recently acquired Itambe project (327km², peak soil assays of 5,123ppm TREO), Tunas (2,921ppm TREO), and Campo Largo, while Brazilian uranium exposure spans the Amorinopolis, Sao Jose and Grande projects.

The company is pre-revenue with no commercial production. Its economic model is the standard ASX junior explorer model: it raises equity capital through placements, prospectus offerings and options to fund systematic exploration programs (geological mapping, surface geochemistry, airborne geophysics, drilling), with the objective of advancing resources to a stage where they can be developed, joint-ventured, or divested. Recent corporate activity includes the December 2025 binding agreement to acquire Itambe from Rio Tinto for US$200,000 plus a 1.75% NSR royalty, a concurrent placement to institutional and sophisticated investors, and director participation announced in February 2026.

Core Energy Minerals targets institutional and sophisticated investors interested in critical minerals exposure to the energy transition (electric vehicles, wind turbines, battery storage and nuclear energy). The marketing mix is investor-relations-led: ASX announcements, a corporate website with investor centre, social channels (X/Twitter @CR3minerals, LinkedIn), investor presentations, webinars, and resource-sector media coverage (The Market Bull, Stockhead). The management team — Non-Executive Chairman Christopher Gale and Managing Director Anthony Greenaway, both formerly of Latin Resources where they developed the Salinas Lithium Deposit (sold to Pilbara Minerals for ~$600 million) — is the central credibility anchor for the company's exploration thesis.

Name

Core Energy Minerals

Legal name

Core Energy Minerals Limited

Website

https://coreenergyminerals.com.au

Company type

Public

Operating status

Operating

Headcount range

11–50 employees

Short description

Core Energy Minerals Ltd (ASX:CR3) is a pre-revenue Australian critical mineral exploration company advancing a diversified portfolio of rare earth elements and uranium projects across Brazil, South Australia, and Namibia, targeting institutional investors seeking energy-transition commodity exposure.

Ownership category

akta.pro rank

Product category

Mineral Exploration

NAICS

Mining (except Oil and Gas) (212), Nonmetallic Mineral Mining and Quarrying (2123)

SIC

Metal Mining (1000), Mining & Quarrying Of Nonmetallic Minerals (No Fuels) (1400)

akta.pro primary industry

Exploration & Resource Development (Critical Minerals) (IMAKAFAL)

akta.pro secondary industry

Natural Graphite Mining & Concentrates (IMAKAFAD)

Keywords

• Rare earth exploration
• Uranium exploration
• Critical minerals exploration
• Mineral exploration
• Battery metals exploration

Headquarters

HQ city

Perth

HQ country

Australia

HQ region

Oceania

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Exploration Stage - No Revenue: Core Energy Minerals is a pre-revenue exploration company. The company is currently exploring and developing its portfolio of rare earth elements and uranium projects in Brazil, Australia, and Namibia. No commercial production or revenue generation has commenced.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels9 records

Core offering

Core Energy Minerals is a pre-revenue critical mineral exploration company that acquires, explores, and develops rare earth elements, uranium, and graphite projects across Tier 1 mining jurisdictions in Brazil, Australia, and Namibia. The company advances its portfolio through geological mapping, geochemical sampling, airborne geophysical surveys, and drilling programs, with the objective of defining JORC-compliant mineral resources for future development or offtake.

Product overview

Core Energy Minerals Ltd (ASX:CR3) is a critical mineral exploration company operating a diversified portfolio of rare earth elements and uranium exploration projects across Tier 1 mining jurisdictions. The company's assets include Brazilian Rare Earth & Uranium Projects (~1,200km² across Bahia, Paraiba, Parana, Goiás and Rio Grande do Sul), Australian Uranium Projects in South Australia (Cummins, Brooker, and Western Eyre Peninsula), and Namibian Uranium Projects (Gemsbok and Oryx in the Erongo region). The company conducts systematic exploration programs including geological mapping, surface geochemical sampling, airborne geophysical surveys, and drilling to assess mineral potential.

Differentiator

Problem solved

Functional benefit

Products and services

• Itambe Rare Earth Element Project A district-scale rare earth opportunity spanning 327km² across 23 tenements in Bahia State, Brazil, featuring peak soil assays of 5,123ppm Total Rare Earth Oxide in residual soils.
• Tunas Rare Earth Elements Project An REE project surrounding the largest alkaline intrusive complex in Southern Brazil, covering 18.32km² with Total Rare Earth Oxide assay results of 2,921ppm.
• Campo Largo Rare Earth Elements Project Early-stage exploration project located 60km southeast of Tunas, targeting intrusive rocks with elevated U-Th-K signatures and potential REE enrichment.
• Amorinopolis Uranium Project Uranium project covering 320km² in Goiás State, Brazil, prospective for sedimentary-hosted uranium mineralisation with a historic INB uranium occurrence nearby.
• Sao Jose Uranium Project Uranium project in Paraiba State comprising 11 licences over Precambrian gneisses and schists associated with intrusive granites prospective for uranium mineralisation.
• Grande Uranium Project Uranium project covering 364.52km² in Rio Grande do Sul, Brazil, targeting sandstone and conglomerate-hosted uranium deposits within 4km of an INB-identified occurrence.
• Cummins and Brooker Uranium Projects Australian uranium exploration projects located on the southern Eyre Peninsula, South Australia, in a Tier 1 uranium mining jurisdiction hosting world-class deposits.
• Western Eyre Peninsula Graphite Project Graphite project with a JORC resource of 6.22Mt @ 4.8% Total Graphite Content, containing both large flake and ultra-fine flake graphite suitable for battery manufacturing across approximately 1,520km².
• Gemsbok Uranium Project 100% owned uranium project (EPL9725) located 3km east of Bannerman Energy's Etango Deposit (207Mlbs U3O8) in Namibia's Erongo region, with similar geological settings.
• Oryx Uranium Project 100% owned uranium project (EPL9652) adjacent to Deep Yellow's Tumas and Tubas deposits (120.9Mlbs and 18.8Mlbs U3O8 respectively) in Namibia's Erongo region.

Quantifiable outcome

• Stock price increased 10% following Itambe project acquisition announcement
• +3 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Rio Tinto Desenvolvimentos MineraiscoreStrategic or Co-development Partner · 2 December 2025Core Energy Minerals entered a binding agreement to acquire the Itambe rare earth project from Rio Tinto Desenvolvimentos Minerais for $US200,000 cash plus a 1.75% net smelter return royalty. Rio Tinto conducted early exploration at the project which uncovered rare earth anomalies with soil assays reaching up to 5,123 ppm total rare earth oxide. The project spans 327km² across 23 tenements in Bahia State, Brazil. This acquisition provides Core Energy Minerals with a district-scale REE opportunity in a highly prospective rare earth province.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Bannerman Energy: ASX-listed uranium developer whose Etango Deposit (207Mlbs U3O8) in Namibia's Erongo region sits directly adjacent to Core Energy Minerals' Gemsbok project. Both companies pursue uranium exploration and development in the same geological setting.
• Paladin Energy: ASX-listed uranium producer with the Langer Heinrich Mine in Namibia. Directly comparable as a uranium company operating in the Erongo region alongside Core's Namibian uranium portfolio.
• Peninsula Energy: ASX-listed uranium developer advancing the Lance Project in the United States. Comparable as an ASX-listed uranium developer pursuing production and project re-rating.
• Alkane Resources: ASX-listed company developing the Dubbo Rare Earths Project in NSW. Comparable as an ASX-listed rare earth-focused explorer/developer targeting Western supply for permanent magnets.
• Lotus Resources: ASX-listed uranium developer focused on African uranium assets. Comparable as an ASX-listed junior uranium developer pursuing production decisions in supportive mining jurisdictions.
• Deep Yellow Limited: ASX-listed uranium explorer/developer with Tumas (120.9Mlbs U3O8) and Tubas (18.8Mlbs U3O8) deposits immediately adjacent to Core Energy Minerals' Oryx project in Namibia's Erongo region. Directly comparable uranium exploration peer.
• Boss Energy: ASX-listed uranium producer restarting the Honeymoon Uranium Mine in South Australia. Comparable as an ASX-listed uranium company operating in the same South Australian Tier-1 jurisdiction as Core's Cummins and Brooker projects.
• Hastings Technology Metals: ASX-listed rare earths developer advancing the Yangibana Project in Western Australia. Comparable as an ASX-listed rare earth-focused junior developer.

Broad incumbents

• Rio Tinto: Global diversified miner whose subsidiary Rio Tinto Desenvolvimentos Minerais sold the Itambe Rare Earth Project to Core Energy Minerals in December 2025. Rio Tinto's prior exploration work at Itambe produced the soil anomalies that anchor the project.

Others

• Latin Resources: ASX-listed lithium and critical minerals company where Core Energy Minerals' Chairman Christopher Gale was Founder and Managing Director Tony Greenaway led exploration of the Salinas Lithium Deposit sold for ~$600m. Connected through management DNA rather than direct overlap in current assets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/CR3minerals
• LinkedInlinkedin.com/company/cr3minerals

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Core Energy Minerals