Latest Mining Finance News

Tartana Minerals has inked a non-binding Letter of Intent with Alt Resources for up to $5 million in non-dilutive financing, structured to align repayments with copper production and prices. This deal aims to optimize existing operations and fund expansion through the Mungana processing plant.

West Wits Mining has issued over 100 million unlisted options to Absa Bank to settle loan fees, reflecting a deepening partnership and shared confidence in the Qala Shallows gold project.

Eagle Mountain Mining has successfully renegotiated its US$7.25 million loan with Vincere, gaining a 12-month repayment extension and a discounted early repayment option tied to key project agreements.

Locksley Resources has received a non-binding Letter of Interest from the U.S. Export-Import Bank indicating potential financing support of up to US$191 million for its Mojave Project, aligning with U.S. efforts to rebuild domestic critical minerals supply chains.

Cavalier Resources has raised $2.14 million through a discounted share placement to fund a 5,000m extensional drilling program at its Crawford Gold Project, aiming to underpin future mining stages. The revised Pre-Feasibility Study confirms robust economics with a strong NPV and IRR.

RareX Limited reports continued high-grade gallium results at Cummins Range and strategic progress on its Mrima Hill project in Kenya, backed by a $50 million funding facility and key partnerships.

Aguia Resources advances its phosphate operations in Brazil with new funding and plant upgrades, while a management overhaul in Colombia reveals a significant gold discovery at Santa Barbara.

Kaili Resources has completed a second drilling program targeting rare earth elements in South Australia, revealing encouraging preliminary results that underscore the potential of its Limestone Coast projects.

Vanadium Resources Limited is advancing its Steelpoortdrift project with fresh leadership, a successful equity raise, and a strategic pivot towards higher-margin concentrate production alongside direct shipping ore.

Surefire Resources reports robust drilling results at its Yidby Gold Project alongside promising assays from its Victory Bore critical minerals deposit, supported by a $1.54 million capital raise.

Superior Resources has boosted its Greenvale Project area by 56%, revealing exceptional copper-gold-silver assay results and advancing its Steam Engine Gold Project towards production within two years.

Antilles Gold advances its Cuban mining ambitions with a binding EPC contract signed and construction slated to begin early next year at the Nueva Sabana copper-gold project.