Latest Royalty Funding News

Magnetite Mines has warned that its existing cash is insufficient to fund planned activities for the next 12 months, while auditors highlighted a material uncertainty over the company’s ability to continue as a going concern. The ASX-listed miner is cutting costs and reshaping Razorback around a lower-capital development pathway.

Rumble Resources has moved Western Queen closer to a potential 2027 gold start, pairing a larger resource with third-party processing access and A$10 million in royalty funding. The project remains pre-production, however, with approvals, financing, feasibility work and a final investment decision still outstanding.

Ark Mines has reported a FY2026 profit after receiving Queensland-backed funding, while its Sandy Mitchell rare earths resource expanded to 379.4 million tonnes after year end. The project now has development approvals and commercial-grade testwork behind it, but no Ore Reserve or mining decision yet.

Albright Metals has reported a sharply wider FY2026 loss and an auditor-highlighted material uncertainty over its ability to continue as a going concern. The company’s Canadian Golden Pike project has advanced to a 54,200-ounce JORC resource, but further development depends on funding.

Hot Chili’s La Verde copper-gold discovery has expanded rapidly enough to become a cornerstone of the Costa Fuego project, while new funding gives the company room to pursue the next studies and permits. The key test now is whether drilling can translate into a maiden resource and a credible development case.

Minerals 260 has opened a non-underwritten share purchase plan targeting up to $30 million at $0.88 a share, the same price paid by institutional investors in its $250 million placement. The broader funding package is intended to move the Bullabulling Gold Project towards construction.

Talisman Mining’s Sheepyard prospect has emerged as the company’s clearest exploration opportunity after drilling outlined shallow gold mineralisation across an unconstrained 800-metre strike. But the annual report also shows a shrinking royalty income stream, a $2.705 million loss and fresh reliance on equity funding.

Minerals 260 has secured an additional $200 million funding package from Franco-Nevada for its 6.2Moz Bullabulling Gold Project, including $170 million in royalty funding and a planned $30 million equity subscription. The deal strengthens project financing, but the future equity raising and higher royalty burden remain important details for shareholders.

Magnetite Mines has unveiled a revamped scoping study for its Razorback Iron Ore Project, introducing key design changes to reduce capital costs and boost project viability. The company is also actively pursuing funding options including royalty arrangements and strategic partnerships.

Sinclair Gold has locked in a binding earn-in agreement with Medaro Mining, unlocking up to $3.4 million in combined cash, shares, and exploration funding for its Sala silver-zinc-lead project in Sweden. Sinclair retains a net smelter return royalty and focuses on advancing its Mt Henry gold asset.

Rumble Resources has upgraded its Western Queen gold resource by 17% to 433,600 ounces, secured a near five-year toll milling agreement, and progressed feasibility and permitting work, setting the stage for production in 2027.

Hot Chili Limited is accelerating development at its La Verde copper-gold deposit in Chile, reporting strong drilling results and securing an additional US$15 million via an amended royalty agreement with OR Royalties. The company is progressing environmental assessments and pre-feasibility studies for the broader Costa Fuego project while maintaining a robust cash position.