Congratulations to Canyon Resources Ltd (ASX: CAY) on their A$215m strategic funding package.

The raise was supported by major shareholder Eagle Eye Asset Holdings and Afriland Bourse & Investissement- Cameroon’s largest financial services group, alongside leading Australian and offshore institutional investors. The package provides Canyon with funding through to first production in 2026 and increased ownership in Camrail, the national railway and logistics company.

Sternship Advisers is pleased to have acted as Joint Lead Manager to the Placement.

Congratulations to CEO Peter Secker, Eagle Eye Asset Holdings and the Canyon team on this major milestone in advancing Minim Martap into production.