Latest Funding Agreements News

Opthea Limited has discontinued its wet AMD development program following Phase III trial failures, slashing its workforce by 65% amid ongoing financial uncertainty and negotiations with investors.

Cyclone Metals has inked a binding agreement with Vale S.A. for up to USD 138 million to develop its Iron Bear Project in Canada, marking a significant step forward with successful pilot production runs of high-grade iron concentrates and pellets.

Brazilian Critical Minerals Ltd reports a significant resource upgrade and strong scoping study results for its Ema rare earth project in Brazil, highlighting low operating costs and promising economics.

Australian Silica Quartz Group reports promising gold drilling results at Koolyanobbing and advances its Quartz Hill silica project with a $1 million funding agreement.

Resource Mining Corporation (ASX: RMI) reported promising initial gold assays from its Saudi Arabian projects and is evaluating near-term gold production in Tanzania, while managing a constrained cash position and new funding arrangements.

Magnetite Mines has submitted a key Mining Lease Proposal for its Razorback Iron Ore Project and is progressing strategic funding agreements, including a $7 million convertible note facility. The company also filed a provisional patent for a novel saline water processing method, underscoring its technical innovation in green iron production.

Neometals has received a second tranche of funding from EU-backed EIT RawMaterials, injecting nearly €0.5 million to advance its Finnish Vanadium Recovery Project amid ongoing financing efforts.

Centaurus Metals’ Jaguar Nickel Sulphide Project has been selected to join Brazil’s Climate and Ecological Transformation Investment Platform, opening access to a substantial capital pool aimed at supporting sustainable development and decarbonisation.

LawFinance Limited has completed a significant debt restructuring, easing financial pressures, but faces ongoing challenges with declining cash collections and uncertain progress on its Trident Health Group initiative.

Celsius Resources has obtained a six-month extension to meet funding conditions for its flagship MCB Project, while progressing engineering design and maintaining a stable cash position of A$1.053 million.

Minbos Resources has officially commenced construction on its Cabinda Phosphate Fertilizer Project, supported by a robust US$36 million financing package from strategic partners including Angola’s Sovereign Wealth Fund and Banco BAI.

Arcadia Minerals reports ongoing joint venture discussions across its Namibian projects and initiates a competitive bidding process for Swanson Tantalum Mine construction financing following a funding agreement termination.