Victory Metals (ASX:VTM) has received a letter of interest from the Export-Import Bank of the US (EXIM) for up to US$190 million ($297.32 million) in project financing for the development of the North Stanmore Project in Western Australia. Under the non-binding letter of interest, the potential debt financing support has a 15-year indicative repayment term. […]
Aggressive US protectionism is tracking to become a key catalyst for deglobalisation in 2025, as President Donald Trump imposes substantial levies on goods from major trading partners such as Australia, Canada, and China. Sprott Asset Management highlights ongoing international conflict, a changing political landscape from elections in over 60 countries in 2024, and vulnerabilities in […]
Rare earths developer Pensana (LSE:PRE) has received approvals for the full financing totalling US$268 million ($424 million) for its Longonjo rare earth project in Angola. The Africa Finance Corporation (AFC) has approved its US$81.2 million participation in an US$160 million syndicated loan facility alongside major South African bank Absa Bank. The funding is subject to […]
VHM (ASX:VHM) has outlined a staged approach to production for its Goschen Rare Earths and Mineral Sands Project in Victoria, Australia, which leverages a dual revenue stream to fund expansion. The strategy includes generating revenue streams of rare earths and heavy mineral concentrate(s) to fund expansion, and builds on the foundation established during the Goschen […]
Challenger Gold (ASX:CEL) has secured US$7 million ($11.2 million) in financing to refurbish the Casposo plant for toll milling material from the Hualilan Project in Argentina. The funding was secured by Austral Gold’s (ASX:AGD) subsidiary Casposo Argentina Mining, through a US$7 million secured loan from Banco San Juan. Challenger Gold, which has a market capitalisation […]
Critical minerals are vital for the net zero transition and strengthening Australia’s economic resilience. The Australian Government’s International Partnerships in Critical Minerals program will provide $40 million in grants across eight projects. The projects funded under this program will build Australia’s sovereign capability in critical minerals processing and support critical minerals projects of mutual interest […]