Latest Project Funding News

Arizona Lithium advances its Prairie Project with a pioneering commercial development plan for lithium brine extraction, regulatory approvals, and a $1.3 million capital raise to fund initial production.

Askari Metals has raised $750,000 through a placement to advance its tin, tantalum, and gold projects in Namibia and Ethiopia, positioning itself for growth in African mineral exploration.

Resolution Minerals has expanded its strategic footprint with three new project acquisitions in NSW and Queensland, supported by a $1.55 million capital raise and promising LiDAR exploration results at Drake East.

Hartshead Resources has submitted a revised development plan for its Anning and Somerville gas fields, featuring a superior export route via CalEnergy's Saturn Banks pipeline. Supported by a strong cash position and committed partners, the company is exploring innovative funding to optimise project economics.

Arafura Rare Earths has marked a pivotal quarter with a A$200 million cornerstone equity commitment for its Nolans Project, alongside binding offtake agreements securing two-thirds of its NdPr oxide target amid rising rare earth demand and geopolitical tensions.

Southern Palladium’s March quarter report highlights strong project economics from its Bengwenyama PGM project, with a $1.06 billion NPV and a mining right decision expected in Q2 2025. The company is progressing a Definitive Feasibility Study and project optimisation to accelerate production.

Genmin Limited reported a net cash outflow in operating and investing activities for Q1 2025 but bolstered liquidity with a $3 million shareholder loan, ending the quarter with nearly $2 million in cash and equivalents.

St Barbara Limited reports a strong quarter with Simberi gold production up 37% and a robust US$235 million expansion plan, while navigating a critical tax assessment review in Papua New Guinea.

New Frontier Minerals Limited reported a cautious but stable cash flow position for Q1 2025, ending the quarter with $686,000 in cash and liquid investments valued at nearly $1.4 million. The company projects funding to sustain operations for approximately 1.5 quarters, relying on liquid assets and potential capital raises.

Delorean Corporation has achieved a landmark in Australian bioenergy by fully funding its SA1 Salisbury project and securing a renewable gas grid connection, advancing its transition to sustainable energy infrastructure.

Cavalier Resources has signed a non-binding US$11 million streaming finance term sheet with Raptor International to fund the Stage 1 open pit development of its Crawford Gold Project, backed by a robust updated Pre-Feasibility Study.

European Metals Holdings has achieved key regulatory milestones for its Cinovec Lithium Project, including EU Strategic Project status and a $36 million grant, positioning it as a pivotal supplier in Europe’s lithium supply chain.