QMines Reels in a Big Fish with $15m Investment From State Government’s QIC

QMines reels in a big fish with $15m investment from State Government’s QIC

QMines secures $15m investment from QIC Critical Minerals and BatteryTechnology Fund Funding includes $5m equity investment and $10m for a 2% NSR Proceeds will go towards completion of DFS, FEED study and construction readiness   Special Report: QMines has received clear validation of its Mt Chalmers copper and gold project after the QIC Critical Minerals and Battery Technology Fund (QCMBTF) made a $15m strategic investment to fast-track its dev…

QMines (ASX:QML) QIC's A$15m cheque, a capped royalty, and a clear path to Mt Chalmers DFS

Queensland’s critical minerals fund backs Mt Chalmers, the structure is the story QMines Limited (ASX:QML) has secured a A$15 million strategic investment from the QIC Critical Minerals and Battery Technology Fund (QCMBTF), a fund managed by Queensland Investment Corporation. The capital will be split across a A$5 million equity placement at A$0.0523 per share, and a A$10 million royalty investment in exchange for a 2% Net Smelter Return on the …

QIC gets behind Mount Chalmers development

The Queensland Investment Corporation is backing QMines’ Mount Chalmers copper-gold development near Rockhampton with a $15 million investment. The QIC Critical Minerals and Battery Technology Fund (QCMBTF) backing is expected to see the project through the definitive feasibility study, FEED study and construction readiness stages as the company pushes towards production. Fund manager Joshua Risson said the project’s defined reserve base, brownf…