Latest Construction Readiness News

Australian Strategic Materials (ASM) has announced an underwritten share purchase plan to raise up to A$3 million, supporting its advancing Dubbo Project and ramp-up of the Korean Metals Plant. The company also outlines ambitions for a US metals facility amid strong government backing and strategic partnerships.

Celsius Resources’ Philippine subsidiary has launched a detailed drilling campaign to refine the feasibility and engineering plans for its flagship copper-gold project, aiming to unlock further value and operational clarity.

Black Rock Mining has secured an additional US$25 million in funding, increasing its total project financing to US$204 million to advance the Mahenge Graphite Project in Tanzania.

Celsius Resources' Philippine affiliate has engaged Ausenco for a critical engineering design update, backed by a $10 million loan to push the Maalinao-Caigutan-Biyog Copper-Gold Project closer to construction.

Black Rock Mining's subsidiary Faru Graphite Corporation has inked pivotal agreements with TANESCO to build a $40 million power line, connecting the Mahenge Graphite Project to Tanzania’s hydro-powered grid. This milestone enhances the project’s green credentials and de-risks its path to production.

Black Rock Mining has had the default notice on its Tanzanian Special Mining Licence lifted, removing a key regulatory hurdle for its flagship Mahenge Graphite Project and paving the way for resumption of operations and trading.

Australian Strategic Materials (ASM) outlines progress on its Korean Metals Plant ramp-up, strategic plans for a US metals facility, and conditional funding support for the Dubbo Project, reinforcing its mine-to-metals supply chain ambitions.

Antilles Gold progresses its Cuban joint venture projects, unveiling updated resource estimates and feasibility studies for Nueva Sabana, while expanding La Demajagua’s scope and pursuing financing options.

Black Rock Mining advances its Mahenge Graphite Project with a A$5 million placement and POSCO’s strategic US$277 million investment in a Korean spherical graphite plant, signaling strengthened downstream integration and project momentum.

Highfield Resources has made significant progress on its strategic transaction with Yankuang Energy and Beijing Energy, securing key regulatory approvals and restructuring its financing amid disciplined cost management.

Foresta Group Holdings advances its flagship Kawerau renewable energy project with inclusion in New Zealand’s Fast-Track Approvals Act, a key term sheet with Genesis Energy, and $2 million raised via convertible notes.

Highfield Resources progresses its strategic partnership with Yankuang Energy, securing key regulatory approvals and updating financing arrangements for the Muga Potash mine, while navigating a court ruling on a mining concession.