Latest Project Financing News

Aurum Resources has unveiled a robust Pre-Feasibility Study for its Boundiali Gold Project in Côte d'Ivoire, declaring a maiden Probable Ore Reserve of 1.21 million ounces and targeting first gold production in early 2028.

Minbos Resources has drawn down the first US$4.8 million from its US$16 million loan facility with South Africa’s IDC, marking a key step forward for the Cabinda Phosphate Fertilizer Plant. The company has initiated orders for critical equipment and completed Phase-1 construction, with Phase-2 contracts expected soon.

Toubani Resources reports rapid earthworks progress and equipment deliveries at Kobada Gold Project, maintaining its target for first gold in Q3 2027.

Rox Resources has secured a fixed-cost EPC contract for its Youanmi processing plant while accelerating underground mining fronts and stockpile development, keeping first gold pour on track for mid-2027.

Celsius Resources disputes Kiri Industries’ takeover of loan rights and offtake negotiations at Makilala Mining, triggering emergency arbitration amid ongoing project financing tensions.

Brazilian Critical Minerals (ASX: BCM) reports robust magnesium sulphate leach results from its 2025 drilling at the Ema project, validating key assumptions for a long-life, low-cost rare earth operation.

Frontier Energy has locked in firm commitments for a $110 million equity raise to fund Stage One of its Waroona solar-battery project, advancing alongside senior debt financing and contract finalisations.

Viridis Mining locks in a fixed-price, turnkey contract for critical power infrastructure at its Colossus Rare Earth Project, aligning with the company’s Final Investment Decision and production timelines.

PMET Resources has received a non-binding Letter of Interest from Société Générale to act as Mandated Lead Arranger for debt financing of the Phase 1 development of its Shaakichiuwaanaan lithium project in Quebec, advancing its syndicate-building strategy ahead of an updated feasibility study.

Sky Metals has secured a crucial regulatory milestone for its Tallebung tin-silver-tungsten project in NSW, moving into the Environmental Impact Statement phase following the issuance of SEARs by the NSW Department of Planning. The company prepares for imminent resource and feasibility updates that could shape the project’s development trajectory.

Iron Bear Resources has applied for its Labrador Trough iron ore project to be designated a Project of National Significance under Canada's new Building Canada Act, aiming to fast-track approvals and financing.

Black Bear Minerals has engaged Ausenco for detailed restart studies at its Shafter Silver Project, while securing a non-binding financing support letter from Export Finance Australia to explore funding pathways aligned with U.S.-Australia critical minerals priorities.