Top Australian Mining Stocks This Week: Australian Strategic Materials Climbs on Energy Fuels Acquisition

2026-01-22 17:00:00 ET

Welcome to the Investing News Network's weekly round-up of the top-performing mining stocks listed on the ASX, starting with news in Australia's resource sector.

Companies focused on critical metals, copper and gold continued to shine this week.

This week's top gainer Australian Strategic Materials (ASX:ASM) announced a planned acquisition by uranium and rare earth company Energy Fuels (TSX:EFR,NYSEAMERICAN:UUUU) .

In other news this week, Victory Metals (ASX:VTM) shared positive leaching results and grade increases at its North Stanmore rare earths project.

Tivan (ASX:TVN,OTCPL:TNGZF) also announced its acquisition of the Molyhil tungsten-molybdenum project to expand its critical minerals portfolio, and mining giant BHP (ASX:BHP,NYSE:BHP,LSE:BHP) shared strong copper and iron ore production results , including record H1 production at its Western Australia Iron Ore operation.

For further details see: