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Anax Metals Secures $3.3M Convertible Note and $100M Funding Commitment for Whim Creek Revival

3:19am on Monday 2nd of June, 2025 AEST Mining
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Anax Metals Secures $3.3M Convertible Note and $100M Funding Commitment for Whim Creek Revival

3:19am on Monday 2nd of June, 2025 AEST
Key Points
  • MDP commits $3.3M convertible note at 200% premium to current share price
  • Conditional funding package up to $100M to develop Whim Creek and Pilbara consolidation
  • MDP to acquire up to 19.99% of Anax and 81.1% of Whim Creek Metals Pty Ltd
  • Funding contingent on FIRB approval, due diligence, and shareholder consent
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