reports
Construction of IRF and Upgrade of Ore Haulage Access Road Underway
Construction of IRF and Upgrade of Ore Haulage Access Road Underway Highlights Groundbreaking ceremony kicks of the construction of the Inland Rail Facility (IRF) and upgrade of the ore haulage access roadThe IRF and road are critical infrastructure projects for the transfer bauxite from the Minim Martap Mine to the Port of Douala Engineering work for rail and port infrastructure to start soon, and Canyon remains on track for start of production in early 2026 and first shipment in 1H 2026 PERTH, Australia, July 16, 2025 (GLOBE NEWSWIRE) -- Leading bauxite developer C...
Appointment of Non-Executive Director
Appointment of Non-Executive Director PERTH, Australia, July 15, 2025 (GLOBE NEWSWIRE) -- Canyon Resources Limited (ASX: CAY) (‘Canyon’ or the ‘Company’) is pleased to announce the appointment of Ms Adjou Ait Ben Idir as Non-Executive Director, as the Company continues to strengthen its team and work towards the commencement of operations at the flagship Minim Martap Bauxite Project, located in Cameroon, in early 2026. Based in Dubai, Ms Ait Ben Idir is a corporate finance and M&A lawyer, who brings more than 20 years of international experience across Europe, Middle-East, and Africa (EM...
Commencement of Chief Executive Officer
Commencement of Chief Executive Officer PERTH, Australia, July 01, 2025 (GLOBE NEWSWIRE) -- Canyon Resources Limited (ASX: CAY) (‘Canyon’ or the ‘Company’) is pleased to announce that Mr Peter Secker has officially commenced his role as Chief Executive Officer (CEO), effective 1 July 2025. Canyon announced the leadership transition for Mr Secker and former CEO Mr Jean Sebastien Boutet on February 5, 2025, when Peter joined the Company as a strategic advisor. During this time, Peter has played an instrumental role in supporting the management team and Board, with a focus on optimising th...
Project Financing and Key Long Lead Contracts Confirm Schedule for Fir...
Project Financing and Key Long Lead Contracts Confirm Schedule for First Bauxite Shipment in 1H 2026 Highlights Credit facility secured from AFG Bank Cameroon (~US$140M), together with proceeds from the recent option exercise by Eagle Eye Asset Holdings Pte Ltd (EEA) (A$15.8M), has paved the way for the purchase of long lead items and appointment of key contractors Canyon in a strong position to commence production at the flagship Minim Martap Bauxite Project in early 2026 and make first bauxite shipment in 1H 2026Locomotives order has been placed with CRRC Ziyang Co. Ltd (CRRC), with firs...
~US$140M Credit Facility Secured for the Minim Martap Bauxite Project
~US$140M Credit Facility Secured for the Minim Martap Bauxite Project Project Credit Facility through AFG Bank Cameroon, along with Option Exercise by Eagle Eye Asset Holdings to Fund Stage One Operations PERTH, Australia, May 25, 2025 (GLOBE NEWSWIRE) -- Canyon Resources Limited (ASX: CAY) (‘Canyon’ or the ‘Company’) is pleased to announce that its wholly owned in-country subsidiary, Camalco Cameroon SA (‘Camalco’) has signed a binding agreement with AFG Bank Cameroon (‘AFG Bank CM’) for a medium-term syndicated credit facility of XAF 82,000,000,000 (~US$140M) (‘Credit Facility’). ...
Canyon to Receive Significant Capital Injection to Support Rapid Devel...
Canyon to Receive Significant Capital Injection to Support Rapid Development of Minim Martap Major Shareholder and Long-Term Supporter Eagle Eye Asset Holdings elects to exercise 350 million options for $24.5m PERTH, Australia, May 20, 2025 (GLOBE NEWSWIRE) -- Canyon Resources Limited (ASX: CAY) (‘Canyon’ or the ‘Company’) is pleased to advise that it has received an option exercise notice to exercise 350 million options for $24.5m from its major shareholder, Eagle Eye Asset Holdings Pte Ltd (“EEA” or “Eagle Eye”). The Company will issue of 350 million fully paid ordinary shares (New Sh...
Port Access Approval Received as Last Key Item for FID at Minim Martap...
Port Access Approval Received as Last Key Item for FID at Minim Martap Bauxite Project Highlights: With port access approval in place, detailed design for bauxite port loading infrastructure has now commencedFinal tenders received for mine development and road access upgrade to Inland Rail Facility (IRF) Engineering design of IRF approximately 50% completedEvaluation of rail and port capacity upgrade from 6Mtpa to 10Mtpa now underwayPort access approval is the final condition precedent for EEA to exercise its 500 million options (approximately $US22M)First locomotive delivery scheduled for...
Acquisition Complete for 9.1% Stake in CAMRAIL S.A
Acquisition Complete for 9.1% Stake in CAMRAIL S.A Canyon Continues to Advance its Mine-to-Port Logistics Strategy, as it Develops the Minim Martap Bauxite Project Toward Production PERTH, Australia, March 18, 2025 (GLOBE NEWSWIRE) -- Canyon Resources Limited (ASX: CAY) (‘Canyon’ or the ‘Company’) is pleased to announce that its wholly owned in-country subsidiary, Camalco Cameroon SA (‘Camalco’), has acquired the 5.3% equity interest in CAMRAIL SA (‘Camrail’) from Total Energies Marketing Cameroun SA (‘Total Cameroon’). Refer to the Company’s ASX announcement dated 7 March 2025 for furt...
Canyon to Acquire 9.1% Stake in CAMRAIL S.A
Canyon to Acquire 9.1% Stake in CAMRAIL S.A Strategic Investment Strengthens Logistics Pathway to Develop Minim Martap Toward Production PERTH, Australia, March 06, 2025 (GLOBE NEWSWIRE) -- Canyon Resources Limited (ASX: CAY) (‘Canyon’ or the ‘Company’) is pleased to announce that the Board of CAMRAIL SA (‘Camrail’) has approved Total Energies Marketing Cameroun SA (‘Total Cameroon’) and Societe d’Exploitation des Bois du Cameroun (‘SEBC’) to enter into two share sale agreements with the Company’s wholly owned in-country subsidiary Camalco Cameroon SA (‘Camalco’). The agreements will se...
Minim Martap Project Update
Minim Martap Project Update Canyon Continues Rapid Advancement Toward Production PERTH, Australia, Feb. 26, 2025 (GLOBE NEWSWIRE) -- Canyon Resources Limited (ASX: CAY) (‘Canyon’ or the ‘Company’) is pleased to provide an update on key development workstreams at the Company’s flagship Minim Martap Bauxite Project (‘Minim Martap’ or ‘the Project’), located in Cameroon, as the Company continues to make rapid progress toward production. Minim Martap ranks among the world’s richest bauxite deposits, underpinned by an Ore Reserve of 109Mt at 51.1% total Al2O3 and 2.0% total SiO2 and a JORC ...
Canyon Bolsters Board with Appointment of Dean Horton
Canyon Bolsters Board with Appointment of Dean Horton PERTH, Australia, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Canyon Resources Limited (ASX: CAY) (‘Canyon’ or the ‘Company’) is pleased to announce the appointment of Mr. Dean Horton as Non-Executive Director commencing his role on 19 February 2025. Mr. Horton’s appointment supports the Board’s strategy of attracting and building a proven, diversified and highly-credentialed team of industry professionals who can grow and develop the Company’s Minim Martap Bauxite Project, located in Cameroon, through development and into production. M...
Canyon Resources Limited: 1 director
A director at Canyon Resources Limited sold 51,445,949 shares at 0.077AUD and the significance rating of the trade was 87/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two y...
- Alison Turner
Canyon Resources - Breaking down the investment case
Canyon Resources, an ASX-listed exploration and development company, is advancing the high-grade, large-scale Minim Martap bauxite project in Cameroon. Minim Martap, a feasibility-stage project, is set to become an important independent source of low-cost bauxite for the fast-growing seaborne market. While we are planning to initiate full coverage of Canyon Resources soon, in this note we focus on the key elements of the company’s investment case – attractive project economics, favourable bauxit...
Ford Equity International Rating and Forecast Report
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
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