Latest Cameroon News

Tusker Minerals reduced its FY2026 loss, but the improvement was driven largely by a A$4.64 million asset-sale gain rather than mining revenue. The early-stage explorer is concentrating its capital on Cameroon rutile and heavy mineral sands while relying on future funding to maintain momentum.

Canyon Resources has advanced construction at its Minim Martap bauxite project, but a lender’s drawdown suspension has delayed first shipment and created material uncertainty over the company’s ability to continue as a going concern. The annual report also details a recommended rejection of A2MP’s A$0.05-a-share takeover offer.

Lion Rock Minerals has reported high-grade rutile and rare-earth results from its 80%-owned Minta project in Cameroon, including up to 4.54% TREO over 2.3 metres. But the exploration story arrives alongside a larger loss, $7.93 million in operating cash outflow and an auditor-flagged material uncertainty over future funding.

Enterprise Metals has secured $1.2 million in discounted equity funding alongside a proposed board overhaul led by mining executives Phillip Gallagher and Steven Zaninovich. The incoming team will review the company’s Western Australian portfolio and decide where its limited exploration capital should go next.

A2MP Investments has issued a third supplementary bidder's statement disputing the valuation and assumptions underpinning Canyon Resources' takeover response, highlighting persistent funding uncertainties and project execution risks. The bidder insists its offer remains the sole liquidity option for shareholders ahead of the September 21 deadline.

Lion Rock Minerals has revealed high-grade rare earth element mineralisation starting at surface at its Minta Project in Cameroon, with assays showing up to 21.15% TREO in saprolite and a magnet-rich rare earth basket. A large-scale drilling campaign is underway to further define this significant discovery.

An application to the Takeovers Panel challenges the integrity of A2MP's takeover bid for Canyon Resources, citing misleading statements and undisclosed shareholder dealings amid project financing uncertainty.

Lion Rock Minerals (ASX: LRM) has denied holding any undisclosed information that could explain a recent spike in its share price and volume, while confirming it awaits assay results from its ongoing drilling campaign at the Minta Est tenement.

Canyon Resources has postponed its first bauxite shipment from the Minim Martap project due to a suspension of loan drawdowns by AFG Bank and complications arising from an unsolicited takeover bid. The company is pursuing multiple funding avenues while managing cash carefully amid these setbacks.

Tusker Minerals has agreed to sell its Malawian rare earth assets to AuKing Mining for up to A$4.85 million, while retaining key rutile projects and upside exposure through equity stakes.

A2MP Investments FZCO has kicked off an off-market takeover offer for the remaining 44.44% of Canyon Resources shares it does not already control, valuing the company at about A$103 million equity and A$188 million enterprise value. The bid comes amid deteriorating project economics and funding challenges for Canyon's Minim Martap Bauxite Project.

Tusker Minerals has inked a binding deal to sell its Machinga Rare Earth Elements project in Malawi to AuKing Mining for up to A$4 million, freeing capital to concentrate on its high-grade rutile and heavy mineral sands assets.