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Genmin Raises A$25.7M to Propel Baniaka Iron Ore Project Toward FID
9:50am on Monday 17th of November, 2025 AEDT
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Mining
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Genmin Raises A$25.7M to Propel Baniaka Iron Ore Project Toward FID
9:50am on Monday 17th of November, 2025 AEDT
Key Points
A$25.7 million two-tranche placement at A$0.01 per share
Collaboration with PowerChina for EPC and funding optionality
Long-term port and rail agreements secured for Baniaka project
Placement includes attaching options exercisable at A$0.015 and piggyback options at A$0.02
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