Latest Project Financing News

Kore Potash has signed non-binding term sheets with OWI-RAMS for a $2.2 billion funding package to develop its flagship Kola Potash Project in the Republic of Congo, combining senior secured finance and royalty-based funding under Shariah principles.

Theta Gold Mines has landed a US$35 million loan from South Africa’s Industrial Development Corporation, marking a key funding milestone for its TGME Underground Gold Mine Project.

Challenger Gold Limited’s Preliminary Feasibility Study for the Hualilan Toll Milling Project outlines a robust three-year operation delivering 450,000 tonnes of gold-silver ore to Austral Gold’s Casposo plant, with strong economics and low upfront capital.

Challenger Gold has completed a Pre-Feasibility Study for toll milling at its Hualilan Gold Project, revealing strong economics, low capital requirements, and a swift payback period. The study underscores the project's potential to generate significant cash flow over three years through a toll milling arrangement with Austral Gold.

Beacon Minerals has completed a major drilling campaign at its Lady Ida Iguana Deposit, revealing promising near-surface gold zones and setting the stage for mining to begin in 2026.

Andromeda Metals has achieved a key financing milestone with Merricks Capital's credit approval of a A$75 million debt facility, advancing the Great White Project towards final investment decision.

Kore Potash is advancing negotiations on a critical financing term sheet with the Summit Consortium for its Congo potash projects, signaling a pivotal step toward project development.

Genmin Limited has signed a non-binding term sheet for a US$3 million convertible notes offer with a prominent US family office, aiming to accelerate development of its Baniaka iron ore project in Gabon.

Manuka Resources’ Taranaki VTM Project has advanced through a critical regulatory checkpoint, with no competing applications or appeals standing in its way, moving closer to expert panel determination.

Rox Resources has completed a 35,000m drilling campaign at its Youanmi Gold Project, delivering multiple high-grade gold intercepts that confirm mineralisation continuity and underpin an upcoming resource upgrade.

Black Rock Mining has secured an additional US$25 million in funding, increasing its total project financing to US$204 million to advance the Mahenge Graphite Project in Tanzania.

Xanadu Mines Limited has received a conditional off-market takeover offer from Bastion Mining Pte Ltd at A$0.08 per share, representing a significant premium. The company’s independent Takeover Committee unanimously recommends acceptance, supported by an independent expert’s fair and reasonable valuation.