ABx Group (ASX:ABX) is locked in focusing on advancing the approval process for the Sunrise Bauxite Project in Queensland, CEO Mark Cooksey says. In October 2025, the company received $2.7 million, as part of a stage one funding package from Good Importing International (GII), which will be used to develop Sunrise. GII will now earn […]
ASX-listed Canyon Resources on Thursday announced a strategic funding package of about A$215-million to accelerate development of its Minim Martap bauxite project in Cameroon. The package comprises a two-tranche placement to raise about A$205-million and an options exercise to raise about A$10-million. Shares will be issued at A$0.26, representing a 5.5% discount to Canyon’s last closing price and a 9.6% discount to its five-day volume weighted average price.
ASX-listed Canyon Resources has completed the first drawdown from its $140-million credit facility with AFG Bank Cameroon after satisfying the required drawdown conditions, with the initial drawdown of CFAfr15-billion (about $26-million) before fees, used to secure the buying of rolling stock for Canyon’s flagship Minim Martap bauxite project, in Cameroon. Canyon recently placed orders for locomotives from CRRC Ziyang and wagons from Texmaco Rail & Engineering.