Surefire Resources secures critical minerals offtake deal

Surefire Resources NL (ASX:SRN) managing director Paul Burton talked with Proactive about the company’s newly executed heads of agreement with HMS Bergbau, a German-based commodity trading firm. The deal secures an offtake for all critical minerals from Surefire’s Victory Bore project, marking a major step towards commercialisation.

Burton explained that HMS Bergbau approached the company following Surefire’s entry into Germany through its stock exchange listing. He noted that the agreement paves the way for defining product specifications and tonnages. He highlighted HMS Bergbau’s extensive global reach in critical minerals trading and its growing presence in mining operations, making it a strong strategic partner.

Burton also discussed how this agreement aligns with Germany’s new €1 billion raw materials fund, which supports critical mineral projects supplying Germany and the EU. Surefire has already submitted an application for funding through KfW, Germany’s state-owned bank.

Beyond Victory Bore, Surefire is advancing its Yidby Gold Project, where recent exploration has expanded mineralisation, with plans for a near-term leach operation. The company is also progressing the Copper Hill project, which has shown promising copper and zinc anomalies, with further drilling planned.

Burton reiterated that Surefire continues discussions with multiple overseas partners, particularly in the Middle East and Europe, to support project development.

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