Latest Exploration Funding News

Culpeo Minerals reported a challenging quarter ending June 2025 with net cash outflows from operations and investing activities, offset by a recent $2.49 million capital raise that underpins its near-term funding.

Locksley Resources has advanced its Mojave Project with critical drilling permits secured, a strategic $1.47 million capital raise, and a new U.S. OTCQB listing, setting the stage for maiden drilling campaigns targeting rare earths and antimony.

WhiteHawk Limited reported solid Q2 revenue growth with new US contracts and is advancing its Australian market entry, while managing cash flow challenges.

Lefroy Exploration has advanced its Lucky Strike Gold Deposit project through robust near-surface drilling results, a new toll milling agreement, and a $2.5 million funding facility, setting the stage for mining operations in early 2026.

Tyranna Resources has completed initial steps to acquire a majority interest in Angola’s Maongo Copper-Gold Project, complementing ongoing lithium exploration at Namibe. The company is poised to restart mining activities dormant since the 1960s, backed by a solid cash position and strategic regional assets.

Icon Energy Limited reported a stable cash position of $431,414 at the end of June 2025, with no exploration activity during the quarter as it awaits final approval of Petroleum Lease PL-1144. The company plans to pursue joint venture partnerships once the lease is granted.

Lion Energy Limited reported a net cash outflow in Q2 2025 but maintains a solid cash position of AUD 2.13 million alongside a convertible note facility, signaling cautious optimism for its exploration activities.

Tennant Minerals has identified a significant copper anomaly at its Bluebird East prospect, mirroring the high-grade Bluebird discovery, while advancing large-scale gold-copper targets at its Barkly Project in the Northern Territory.

Great Western Exploration Limited reported a steady cash position of A$2.7 million at the end of June 2025, maintaining sufficient funding for upcoming quarters despite ongoing exploration expenditures.

Vital Metals has unveiled a promising Scoping Study for its Tardiff Rare Earth and Niobium project in Canada, highlighting strong financial metrics and significant growth potential over an 11-year mine life.

Trek Metals has accelerated its exploration at the Christmas Creek Project with expanded drilling revealing promising high-grade gold mineralisation and a newly discovered gold nugget field. Backed by a $3.5 million capital raise and government co-funding, the company is poised for further breakthroughs.

CZR Resources is set to commence an extensive drilling campaign at its Croydon Gold Project in Western Australia’s Pilbara, targeting promising shallow gold mineralisation and potential large-scale intrusive systems akin to the nearby Hemi deposit.