Latest Funding Arrangements News

Osmond Resources’ preliminary study has put a US$2.31 billion post-tax NPV on its Spanish rare earths and mineral sands project, but the headline economics rest on a scoping-level model and a US$300 million funding requirement. The next test is whether drilling, metallurgy, permitting and financing can turn the attractive concept into a financeable mine.

Booster has secured a further $7.4 million capital commitment for the Booster Innovation Fund, taking total committed and allocated capital above $23 million. The funding announcement arrives alongside disclosure of civil proceedings by New Zealand’s Financial Markets Authority and a new independent director.

Finder Energy has shifted decisively from exploration towards development, with its Timor-Leste oil project backed by independent reserves, an acquired FPSO and expanded TIMOR GAP funding. The transition came at a steep cost, however, with a $30.0 million annual loss and Final Investment Decision still ahead.

The Takeovers Panel has upheld its finding of unacceptable circumstances in Forrestania Resources’ recommended takeover of Zenith Minerals, while requiring both companies to explain what happens if Forrestania falls short of full ownership. The extra disclosure puts listing status, processing access, governance and shareholder voting under sharper scrutiny.

Ardea Resources enters FY2027 with its flagship Goongarrie Hub still short of a completed definitive feasibility study, even as Japanese partners and governments deepen their support. The company reported a A$24.6 million consolidated loss, while future funding arrangements beyond the current DFS program remain unresolved.

Greenwing Resources has warned of material uncertainty over its ability to continue as a going concern after reporting a $3.90 million loss for FY2026. The result was hit by a $2.23 million non-cash impairment at its dormant Graphmada graphite mine, while cash remains below near-term project commitments.

LinQ Minerals finished its first full year as an ASX-listed explorer with $16.23 million in cash after spending heavily on Gilmore drilling and raising $15.4 million. The company reported encouraging gold and copper results, but its next phase will test whether exploration success can translate into a larger resource and a credible development pathway.

Peninsula Energy expects to book an approximately US$50 million non-cash impairment against legacy assets at its Lance uranium project in Wyoming. The charge removes value from Mine Units 1, 2 and 3 as the company concentrates capital and technical resources on Mine Unit 4 and future development.

Paradigm will return the US$2 million drawn from Obsidian earlier this month and cancel the associated convertible notes, without an additional payment. The decision comes as the biotechnology company reviews interim data from its pivotal knee osteoarthritis trial and prepares a separate update on funding and operations.

Image Resources has secured a A$5 million cash advance from LB Group while negotiating a broader deal that could bring further funding and mineral sands processing equipment into its Durack and Yandanooka projects. The advance comes without issuing new shares, but the larger transaction remains unresolved.

Global Lithium’s proposed acquisition of the Nova Operation from IGO has become unconditional after the ACCC waived its notification requirement. Completion is still pending the shutdown and final shipment timetable, with the transaction not yet completed.

Tanami Gold has entered FY27 with funding in place for a 3,500-metre underground decline at Groundrush, after raising $70.5 million and reporting a 2.8 million ounce Central Tanami resource. The project remains in the study and resource-definition phase, with no Ore Reserve or production decision yet disclosed.