Latest Mining Finance News

Toubani Resources has locked in a binding commitment for a US$73.3 million senior debt facility from Coris Bank to fund its Kobada Gold Mine construction, advancing its financing package amid strong cash reserves.

Marimaca Copper Corp. reported a robust cash position of $147.7 million in Q1 2026, driven by a C$409 million equity raise, supporting ongoing development of its Marimaca Project in Chile.

Genmin has drawn strong international interest to finance its Baniaka iron ore project in Gabon, with proposals ranging from joint ventures to prepayment facilities. The Gabonese government backs the project as a national priority, aiming for a final investment decision by mid-2026.

Savannah Goldfields has secured $3.5 million through a $1.5 million equity placement at a 31.5% premium and a $2 million tiered royalty sale to fund the Agate Creek mine restart and ongoing operations.

Chatham Rock Phosphate has secured a definitive financing agreement with Wetstone Global that doubles an existing loan to USD 300,000 and converts it into a 30% equity stake, granting Wetstone majority board control and potential for up to 70% ownership upon project milestones.

Native Mineral Resources (ASX:NMR) has raised A$3.5 million through a convertible note with existing investor Lind Global Fund III LP, aiming to reduce debt and support operational cash flow.

Manuka Resources has drawn down a US$26 million tranche of a US$30 million debt facility, exited care and maintenance at Wonawinta, and signed a major mining contract as it targets production restart in late Q2 2026.

Kaili Resources has reported encouraging rare earth element assay results from its South Australian tenements, particularly within the Coodalya Mallee Project, while securing extended related-party financing to support ongoing exploration.

KGL Resources has secured a US$300 million streaming agreement with Wheaton Precious Metals, unlocking early construction funding for its Jervois Copper-Silver-Gold Project. The updated Baseline Economic Model highlights robust returns with a post-tax NPV8 of A$839 million and a 30% IRR, underpinning the path to production.

Gibb River Diamonds (ASX:GIB) has completed mining and processing at its Neta JV within the Edjudina Gold Project, generating over 5,200 ounces of gold and receiving a $7 million profit share. The company is progressing exploration on a new lease near Neta and maintains a strong cash position to support further growth.

Terrain Minerals has completed major drilling campaigns across its flagship Lightning gold project and critical metals targets, setting the stage for a maiden resource estimate and advancing metallurgical studies on gallium and rare earth elements.

Celsius Resources appoints Bardin Davis as MD to lead financing efforts for the MCB Copper-Gold Project, extends Final Investment Decision timeline to late 2026, and navigates a complex ownership dispute in the Philippines while raising A$9.3 million.