Latest Project Financing News

Hot Chili Limited has locked in an additional US$15 million in non-dilutive funding from OR Royalties via an expanded net smelter return royalty agreement, adding the pre-resource La Verde project to the Costa Fuego copper-gold portfolio. This deal doubles OR’s commitment to US$30 million and underpins ongoing exploration and development.

TG Metals is progressing a scoping study for a heap leach operation at Van Uden, highlighting a higher grade initial production phase and strong metallurgical recoveries that could underpin near-term gold output.

Barton Gold’s latest Phase 2 drilling at Tunkillia delivers broad, high-grade gold intersections in the southern Area 223 open pit, reinforcing the project’s strong economic potential ahead of a planned Pre-Feasibility Study completion in early 2027.

Talga Group has begun commercial deliveries of its Talnode®-C battery anode to Nyobolt, marking a key revenue milestone and advancing its European supply ambitions. The 3,000-tonne offtake deal sets the stage for Talga's planned commercial-scale anode plant, with further customer negotiations underway.

Silver Mines has submitted a refreshed Biodiversity Development Assessment Report for its Bowdens Silver Project, moving the development application closer to redetermination by NSW authorities. The project remains a critical minerals priority with significant job creation potential.

Sunshine Metals has secured the Mt Moss Operation for $18 million, setting the stage for gold production by mid-2027 and progressing engineering, financing, and exploration activities.

VHM Limited has locked in a binding offtake agreement covering 100% of rare earth concentrate from its Goschen Project and secured A$40 million in convertible note funding from Iluka Resources, advancing the project towards final investment decision.

Iluka Resources has locked in a long-term supply deal with VHM Limited for rare earth concentrate from the Goschen project, underpinning its Eneabba refinery feedstock with a $40 million convertible note commitment to aid project development.

Akora Resources has placed the remaining $1.54 million shortfall from its entitlement offer and raised an additional $164,000 in a placement, bolstering funds to advance its Bekisopa iron ore project in Madagascar.

Tesoro Gold has accelerated its Definitive Feasibility Study and development readiness for the 1.82Moz Ternera deposit, forming strategic alliances and advancing financing plans.

Sheffield Resources has negotiated further waivers and deferrals on key loan repayments for its Thunderbird Mineral Sands Mine, extending relief on obligations due through mid-2026. However, the outcome of ongoing debt restructuring talks remains uncertain.

Prairie Lithium restructures its board to sharpen focus on commercial lithium production, with Paul Lloyd stepping up as Executive Chairman to lead corporate strategy and financing.