Latest Project Finance News

Canyon Resources’ Definitive Feasibility Study confirms Minim Martap as a major bauxite project with a 33% ore reserve increase and robust economics, targeting production start in early 2026.

Genmin Limited has increased insider loans by A$0.5 million, reinforcing funding for its flagship Baniaka iron ore project in Gabon as it targets production in late 2026.

Energy World Corporation Ltd reports a remarkable turnaround to a $346 million profit for FY25, driven by a $390 million gain from debt restructuring and the sale of a key Indonesian asset. The company faces funding challenges as it advances LNG and power projects in Southeast Asia.

Cyprium Metals unveils a rapid restart plan for its Nifty Copper Complex, backed by a substantial A$80 million capital raise to fund early cash flow and long-term growth. The project boasts a pre-tax NPV of A$1.1 billion, positioning Cyprium as a compelling copper play on the ASX.

NH3 Clean Energy has launched the FEED phase for its WAH2 clean ammonia project, advancing environmental approvals and commercial negotiations with potential strategic partners.

Victory Metals secures $11.5 million through a strategic placement to accelerate drilling and development at its North Stanmore heavy rare earth project, reinforcing its position as Australia’s leading rare earths explorer.

Diatreme Resources has achieved a significant regulatory milestone with Project Status granted across its silica sand tenements in Far North Queensland, alongside critical tenure renewals that preserve its strategic landholdings. This development strengthens its pathway toward long-term production of low-iron, high-purity silica sand.

Global Lithium Resources has been granted a 21-year mining lease for its Manna Lithium Project, significantly de-risking the venture and accelerating its path to a final investment decision.

Pacific Lime and Cement Limited has approved the Final Investment Decision for its Central Lime Project in Papua New Guinea, adopting a fully equity-funded strategy that slashes upfront capital expenditure by 42% and eliminates debt servicing costs. Construction is underway, with production expected within 18 months.

Viridis Mining and Minerals has significantly expanded its Colossus Rare Earth Elements project in Brazil, securing an additional 2,503.6 hectares adjacent to its existing licenses. This move, backed by robust government support and strategic partnerships, enhances the project's scale and de-risks its pathway to production.

Vault Minerals reports a robust FY25 with A$1.43 billion revenue and a net profit of A$237 million, driven by full-year integration of Silver Lake Resources and operational advances. The company outlines a strategic two-stage expansion at King of the Hills and maintains a strong cash position post debt repayment.

Viridis Mining and Minerals has announced a maiden JORC Probable Ore Reserve of 200.6 million tonnes at the Colossus Rare Earth Project, underpinning a 40-year mine life with exceptional grades and sustainable mining practices.