Latest Project Funding News

Dreadnought Resources has raised $4.1 million to advance its Mangaroon Gold Project, including a strategic partnership with Black Cat Syndicate. The funding underpins a self-funded exploration strategy targeting high-grade gold production in Western Australia.

Viridis Mining and Minerals Limited has requested an immediate voluntary suspension of its shares pending a capital raising announcement, signaling a pivotal moment for the company.

Heavy Minerals Limited advances steadily on its Port Gregory Garnet Project, with the Pre-Feasibility Study nearing completion and critical permitting and sales groundwork underway.

Lithium Universe Limited reveals a robust Preliminary Feasibility Study for its Bécancour Lithium Refinery, confirming strong economic viability and progressing towards a Definitive Feasibility Study. Strategic logistics partnerships and funding plans position the company to capitalize on North America's growing lithium demand.

Genmin Limited reported a $2.88 million cash outflow for the December quarter, leaving just 0.65 quarters of funding available as it awaits capital expenditure funding for its Baniaka project.

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.

Antilles Gold Limited reports significant progress on its Cuban joint venture projects, including updated resource estimates and feasibility studies, while managing a constrained cash position heading into 2025.

Pacific Nickel Mines Limited has paused its Kolosori Nickel Project due to operational setbacks and a challenging nickel price environment, entering voluntary suspension while negotiating critical financing with Glencore.

MPower Group has finalized the conversion of a $10 million project funding facility for its Narromine Renewable Energy Project into equity, with AMPYR Distributed Energy acquiring full ownership. The move strengthens MPower's balance sheet and supports its strategic push into hybrid renewable assets.

South Harz Potash Limited has made significant strides in acquiring the Sollstedt mine and secured approximately A$2.2 million in new equity, positioning itself to advance the Ohmgebirge project amid a strengthening potash market.

Omnia Metals Group has identified promising gold, copper, nickel, and PGE anomalies at its Ord Basin Project, setting the stage for expanded exploration in 2025. The company also advances its Salt Creek Project with a Heritage Survey planned, while maintaining strong ESG and safety standards.

Southern Palladium has upgraded its Bengwenyama PGM project resource to 40.25 million ounces and delivered a positive prefeasibility study with a post-tax NPV of USD 1.059 billion, marking a pivotal step from exploration to development.