Jameson Raises $450,000 at 16.7% Discount to Fuel Coal Project Progress
Jameson Resources has raised an extra A$450,000 through a discounted share placement, reinforcing investor confidence in its Crown Mountain coal project amid ongoing regulatory progress.
- Additional $450,000 capital raised via two-tranche share placement
- Shares issued at $0.06 each, a 16.7% discount to recent closing price
- Funds earmarked for environmental assessment, Indigenous engagement, and project management
- Placement follows prior $3 million raise led by King George Investments
- Second tranche subject to shareholder discretion within six months
Capital Raising Boosts Project Momentum
Jameson Resources Limited (ASX – JAL) has announced an additional capital raise of up to A$450,000 through a share placement priced at $0.06 per share, representing a 16.7% discount to the last closing price. This follows a recent $3 million placement to King George Investments, signaling sustained investor interest in the company’s Crown Mountain Hard Coking Coal Project in British Columbia, Canada.
The placement will be executed in two tranches – the first tranche of 3.75 million shares is expected to be issued on 13 December 2025, raising $225,000. The second tranche, also 3.75 million shares, may be issued within six months at the discretion of participating shareholders, potentially raising an additional $225,000.
Strategic Use of Funds
Jameson plans to deploy the proceeds to advance critical aspects of the Crown Mountain project, including the Environmental Assessment (EA) application process, ongoing engagement with Indigenous Nations, and the administration and project management of its subsidiary NWP Coal Canada Limited. Corporate costs will also be supported by the funds.
Interim Executive Chair Michael Gray emphasized the significance of the capital raise, highlighting it as a vote of confidence from existing shareholders. He pointed to the May 2025 Feasibility Update and recent regulatory support from both the British Columbia and Canadian Federal governments as key factors underpinning optimism for the project’s development.
Investor Confidence Amid Regulatory Progress
The Crown Mountain project holds strategic importance as a premium steelmaking coal asset, with Jameson holding a majority stake through its interest in NWP Coal Canada Limited. The company’s tenements are well-positioned near established coalfields and export infrastructure, enhancing the project’s commercial potential.
While the placement dilutes existing shareholders slightly, the discounted pricing and participation by current investors suggest strong backing for Jameson’s pathway to regulatory approvals and eventual production. The discretionary nature of the second tranche introduces some uncertainty about the total capital raised, but the initial tranche issuance is imminent.
Overall, this capital raising round underscores Jameson’s commitment to progressing Crown Mountain through critical development stages, maintaining momentum in a challenging but potentially rewarding market environment for steelmaking coal.
Bottom Line?
Jameson’s latest capital raise reinforces its steady march toward unlocking value in the Crown Mountain coal project, but the market will watch closely how regulatory and shareholder decisions unfold.
Questions in the middle?
- Will shareholders exercise the option to complete the second tranche of the placement?
- How soon can Jameson expect regulatory approvals to advance the Crown Mountain project?
- What impact will ongoing Indigenous engagement have on project timelines and costs?
