Latest Project Funding News

Genmin Limited has launched a A$25.7 million equity raising to advance its Baniaka iron ore project in Gabon, aiming for a final investment decision by mid-2026. The raise includes strategic collaboration with PowerChina and offers attaching options to investors.

Predictive Discovery Limited’s definitive feasibility study for the Bankan Gold Project in Guinea reveals a substantial 2.95 million ounce gold reserve and strong project economics, supported by comprehensive environmental and social approvals.

Rox Resources has successfully raised approximately A$200 million through a major institutional placement, securing full equity funding for the development of its Youanmi Gold Project. Supported by cornerstone investors and existing shareholders, the company is positioned to advance construction and begin gold production by mid-2027.

Bindi Metals has agreed to farm out up to 90% of its Schryburt Lake rare earth project to Canamera Energy Metals, marking a significant step in advancing the asset with staged funding commitments.

Charger Metals has initiated a 3,000m drilling program targeting a significant niobium anomaly at its Lake Johnston Lithium Project, funded by Rio Tinto Exploration. This move could unlock new battery metals potential alongside existing lithium and gold prospects.

Critical Minerals Group has raised $2 million through a placement to accelerate key development milestones for its Lindfield Vanadium Project and vanadium flow battery supply chain.

Mayfield Group Holdings has completed a $30.5 million private placement and launched a $3 million share purchase plan to fund growth initiatives, including acquisitions and capacity expansion.

Arafura Rare Earths Limited has announced a Share Purchase Plan (SPP) targeting $50 million to support its Nolans Project, subject to shareholder approval. The offer allows eligible shareholders to subscribe for shares at a discounted price, with potential oversubscriptions up to $20 million.

Northern Minerals has raised $60.5 million through a placement to institutional investors, aiming to fast-track its Browns Range heavy rare earths project and repay existing debt.

Kore Potash has made significant strides in financing and early development activities for its Kola Potash Project, while updating environmental assessments to reflect design changes. The company holds a cash balance of US$2.13 million as it prepares for construction.

NuEnergy Gas Limited reported a cash outflow for the September quarter, continuing its exploration spend while progressing an early gas sales initiative and preparing for further capital raising.

Burley Minerals advances its iron ore and lithium exploration with planned drilling at Cane Bore and Broad Flat Well, while navigating heritage survey delays and legal access issues.