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Coal|PROJECT|Resources
Coal|PROJECT|Resources
coal|project|resources

Jameson raises cash for Canada coking coal project

26th May 2025

By: Creamer Media Reporter

     

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ASX-listed Jameson Resources on Monday announced a A$3.5-million capital raising to fund continued work at its Crown Mountain hard coking coal project, in Canada’s British Columbia.

The company said it would issue 100-million new fully paid ordinary shares at A$0.035 each in a two-tranche placement to raise the capital.

The issue price represents a discount of 12.5% to the closing price on the ASX on May 21.

“We would like to thank our existing long-term shareholders for their continued support for the company,” said chairperson Nicole Hollows.

“The updated review of project economics, ongoing progress towards regulatory approvals and recent strong support for resource development from both the provincial and Canadian federal government provide continued confidence in the development of the Crown Mountain hard coking coal project,” she added.

Edited by Creamer Media Reporter

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