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Genmin Emerges Debt Free After A$25.7M Placement, Fast-Tracks Baniaka Iron Ore Project
1:41pm on Thursday 18th of December, 2025 AEDT
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Mining
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Genmin Emerges Debt Free After A$25.7M Placement, Fast-Tracks Baniaka Iron Ore Project
1:41pm on Thursday 18th of December, 2025 AEDT
Key Points
Completion of second tranche of A$25.7 million placement
Genmin now debt free with strong working capital
Directors and senior management invested over A$8.3 million
Signed LOI with SHICO for up to 60% project financing
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