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Jameson Resources Limited (ASX:JAL)

ALERT: Price-sensitive ASX Announcement for JAL
Current share price for JAL : $0.045 -0.035 (-43.75%)+
Announcement
Release
13 Apr 2026 9:13AM
Price at Release
$0.080
Full Release
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Summary
Jameson Resources Limited has secured a $3 million placement to advance the Crown Mountain project, a hard coking coal venture in British Columbia. The funds will aid in the completion of the Final Environmental Assessment Application, with significant progress on environmental approvals anticipated by the end of 2026. The placement, issued in two tranches, will also support Indigenous engagement and corporate costs. The initiative underscores the project's strong market potential and aims to leverage governmental commitments to expedite regulatory approvals.
Key Points
  • Jameson Resources Limited announced a $3 million placement to advance Crown Mountain approvals.
  • The placement involves issuing approximately 54 million new shares at A$0.055 each.
  • Funds will be used primarily for the Final Environmental Assessment Application for the Crown Mountain project.
  • The project is focused on hard coking coal located in British Columbia, Canada.
  • The placement is structured in two tranches, with Tranche 1 raising approximately A$2.9 million.
  • Tranche 2 involves issuing shares to company directors subject to shareholder approval.
  • The project aims to progress environmental certificates by end of 2026 leveraging fast-track commitments from British Columbia ministers.
  • The Bankable Feasibility Study confirms the project as a high-quality steelmaking coal opportunity with attractive economics.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.