Latest Project Funding News

Anson Resources has secured the initial tranche of a AUD 7.2 million facilitation fee from POSCO, advancing the Green River Lithium Project’s Direct Lithium Extraction demonstration plant in Utah.

Jade Gas has inked a non-binding deal with a Chinese consortium to fund the first phase of its Red Lake CBM project in Mongolia, unlocking a potential game-changer for regional energy supply.

Kalamazoo Resources has raised $8 million through an oversubscribed share placement, surpassing its initial $5 million target. The capital will accelerate drilling and feasibility studies at its Ashburton Gold Project and support a strategic tenement acquisition.

Anson Resources has applied for 17 additional SITLA blocks adjacent to its Green River Lithium Project, potentially boosting its JORC resource by 18.4% without further drilling. The move aligns with plans to update the resource estimate by Q3 2026 and supports upcoming project financing efforts.

Pilot Energy Limited and its subsidiaries have appointed voluntary administrators after failing to secure necessary funding or a strategic partner for their Cliff Head Carbon Storage Project. The company’s shares remain suspended on the ASX as administrators review options to preserve stakeholder value.

Impact Minerals (ASX:IPT) has received a $310,000 Research and Development tax rebate for FY2025, supporting its Lake Hope High Purity Alumina project and investment in Alluminous Pty Ltd.

Axel REE is progressing its low-cost in situ recovery (ISR) rare earth strategy in Brazil with field trials planned at its Woolrich deposit, while confirming ongoing assay programs with no undisclosed material information.

Audalia Resources has secured $450,000 through a placement of 15 million shares at 3 cents each, aiming to push its Medcalf project closer to production while maintaining working capital.

KGL Resources has launched a $120 million entitlement offer at $0.20 per share, part of a $300 million capital raise to fund the Jervois Copper Project. The offer is underwritten except for pre-commitments from major shareholders, with new shares expected to be issued late July.

Black Rock Mining has secured an extension of its US$204 million debt facility to November 2026, providing more time to finalise equity funding for the Mahenge Graphite Project in Tanzania.

Albright Metals has completed its second staged payment milestone for the Golden Pike Gold and Antimony Project, issuing shares and cash to Globex Mining Enterprises as exploration and development progress.

Toubani Resources (ASX: TRE) is acquiring a near 20% equity interest in Avanti Gold (CSE: AGC) via a share swap, gaining exposure to the Misisi Gold Project in the DRC with a 3.1 million ounce inferred resource.