Latest Project Finance News

Cavalier Resources is advancing site preparation, contractor negotiations and recruitment at its Crawford Gold Project, but its financing remains unfinished after Javelin Global Commodities’ exclusivity period expired. Shareholders have also approved a A$60,000 share subscription by interim CEO Daniel Tuffin.

Elementos has materially strengthened its balance sheet while moving its Spanish Oropesa tin project closer to permitting, financing and a final investment decision. The annual report also highlights a doubling of Cleveland’s inferred tungsten resource, but both projects still require substantial capital and further approvals.

Wildcat Resources has secured firm commitments for a A$60 million institutional placement to push Tabba Tabba into engineering, site establishment and construction readiness ahead of a definitive feasibility study targeted for later in 2026. The raise strengthens funding, but part of the share issue still requires shareholder approval and the financing does not establish a final investment decision.

VHM's refreshed feasibility study projects an A$807 million pre-tax NPV for its Goschen rare earths and mineral sands project, with approvals and major procurement work substantially advanced. The project still needs financing, lender due diligence and a Final Investment Decision before construction can begin.

Anson Resources has signed a non-binding MoU covering a potential five-year lithium carbonate offtake with Wogen and possible project financing support from Xcelsior. The proposed supply could reach 6,000 tonnes of lithium carbonate equivalent a year, but deliveries remain dependent on Green River being financed, permitted and built.

Arafura Rare Earths has extended a binding offtake agreement covering up to 500 tonnes a year of NdPr oxide from its Nolans Project. The deal adds multi-year sales coverage, but leaves the counterparty, pricing formula and financial value undisclosed.

Rox Resources has crossed the line from explorer to mine developer, with Youanmi underground mining underway, the processing plant under construction and a target of first gold in mid-2027. The project is financed on paper, but the A$350 million debt package remains subject to conditions precedent and the construction schedule still has to survive execution.

Orion Minerals has set out a clearer route towards first production at its Prieska copper-zinc project, but its audited FY2026 accounts warn that further funding remains essential. The company reported a A$12.69 million loss and A$14.46 million in cash while targeting first production in Q3 2027.

Latrobe Magnesium has received a non-binding US$15 million Letter of Support from a confidential US financial institution for the feasibility study on its proposed 50 ktpa South Carolina magnesium plant. The funding remains conditional on matching finance, due diligence, approvals and definitive agreements.

Latrobe Magnesium has detailed the capital, feedstock and valuation assumptions behind its proposed 50 ktpa magnesium plant in South Carolina. The project retains strong headline economics, but funding, feasibility work and a final investment decision remain ahead.

Talga has signed a non-binding LOI with German battery maker EAS Batteries for a potential five-year supply agreement covering Talnode graphite anode products. No volumes or purchase obligations have been agreed, with product qualification and negotiations now scheduled to run into 2027.

Li-S Energy says its Geelong lithium-sulfur production line is complete and has delivered 10Ah Power Cells to the US Army for testing. The company is targeting its first commercial battery sale in 2027, while holding A$15.6 million in cash and investments and A$9.3 million in secured grants yet to be received.