{"id":167227,"date":"2026-08-13T22:33:07","date_gmt":"2026-08-13T22:33:07","guid":{"rendered":"https:\/\/www.europesays.com\/canada\/167227\/"},"modified":"2026-08-13T22:33:07","modified_gmt":"2026-08-13T22:33:07","slug":"funding-friday-millions-flying-from-australia-to-canada","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/canada\/167227\/","title":{"rendered":"Funding Friday: Millions flying from Australia to Canada"},"content":{"rendered":"

In this week\u2019s edition of Funding Friday<\/a>, several mining companies have secured financial backing, led by a major civil infrastructure contract awarded to a mining services company.<\/p>\n

Mining and civil infrastructure services company Macmahon Holdings<\/a> (ASX:MAH) says its wholly owned subsidiary Decmil secured a $50 million early works package.<\/p>\n

The package will pave the way for major construction on the Elizabeth Drive and Mamre Road upgrades, as well as the Archbold Road extension. <\/p>\n

Construction is expected to benefit more than 70,000 motorists who use the roads each day and support the proposed Western Sydney Heavy Vehicle Rest Area in the Western Sydney Employment Area. <\/p>\n

Macmahon will widen approximately 6m of Mamre Road to offer two lanes in each direction, along with reconstructing the Bill Anderson Reserve car park, constructing a local road between Clifton Avenue and Salisbury Avenue at Kemps Creek, and extending Archbold Road by 550m. <\/p>\n

The project is expected to support current and future traffic demand, reduce congestion, and improve safety and travel times. <\/p>\n

Macmahon CEO Michael Finnegan says the contract \u201crepresents an important milestone for Macmahon\u201d as the company expands and strengthens its presence in the New South Wales market. <\/p>\n

\u201cSecuring this project with Transport for NSW signifies our commitment to a highly valued client and demonstrates our capability to deliver this important civil infrastructure project for the people of New South Wales,\u201d Finnegan says. <\/p>\n

Macmahon has extensive experience in surface and underground mining and civil infrastructure, delivering resources, non-resources, public infrastructure, and renewable energy projects.<\/p>\n

Two days before securing the contract, Macmahon\u2019s subsidiary Macmillan New Zealand secured<\/a> a $406.2 million underground mining services contract at the Snowy River Gold Project in New Zealand.<\/p>\n

The five-year contract starts in October 2026 and covers mine development, production, and backfill operations near Reefton on New Zealand\u2019s South Island.<\/p>\n

The Snowy River Project is operated by Endura Mining<\/a> subsidiary Tasman Mining.<\/p>\n

Snowy River is expected to achieve first gold<\/a> production in December 2026, with the underground deposit projected to produce between 50,000 and 60,000 ounces annually over a mine life exceeding 10 years.<\/p>\n

Macmahon Holdings<\/a> provides mining and civil infrastructure services across Australia and Southeast Asia.<\/p>\n

Meanwhile, Podium Minerals<\/a> (ASX:POD) has launched a $4 million share purchase plan (SPP) to fund metallurgical testing, site works, project advancement, and corporate costs.<\/p>\n

The SPP is underwritten by Leeuwin Wealth and non-executive Chairman Neal Froneman will sub-underwrite $200,000 of the offer. <\/p>\n

Shares will be issued at $0.034 each, representing a 17.8% discount to the five-day volume weighted average price.<\/p>\n

\"Podium<\/p>\n

Proceeds will fund continued test work on mineralised zones, mineralogy and sighter tests on deep-hole cores, and specialist in-house analytical equipment. <\/p>\n

Funds will also support rehabilitation and site works at Parks Reef near Meekatharra and Range Well in Western Australia. Podium will also use the proceeds to advance the project beyond phase three, including in-fill metallurgical and associated technical work streams, as well as baseline and study planning activities.<\/p>\n

The record date was yesterday, with eligible shareholders able to apply for up to $30,000 worth of shares. <\/p>\n

A share purchase plan allows existing shareholders to buy additional shares, generally at a discounted rate, while enabling the company to raise funds quickly.<\/p>\n

Over in Canada, Standard Uranium<\/a> (TSX-V:STND) has reached an agreement with a Southeast Asian nation conglomerate to complete a C$3 million ($3.05 million) investment through a non-brokered private placement.<\/p>\n

The investor will subscribe for 39.21 million units at C$0.0765 each, with every unit comprising one share and one-half of a share purchase warrant. <\/p>\n

Each warrant held will entitle the investor to acquire one additional share at C$0.115 each for a 36-month period from the closing date. <\/p>\n

If Standard Uranium\u2019s closing price reaches or exceeds C$0.30 or higher for 10 consecutive trading days, the company may reduce the warrant exercise period to 60 days. <\/p>\n

Standard Uranium and the investor have entered an investor rights agreement, providing the investor with the right to participate in future company financings on a pro-rata basis. <\/p>\n

The investor will be eligible to nominate one member to the board of directors, so long as it maintains ownership of at least 10% of Standard Uranium\u2019s outstanding shares. <\/p>\n

Net proceeds will be used to continue exploration at the company\u2019s flagship Davidson River Project in northern Saskatchewan.<\/p>\n

Standard Uranium<\/a> is a Canadian junior uranium exploration and project generator looking to make the next discovery in the Athabasca Basin region of northern Saskatchewan, Canada<\/a>.<\/p>\n

Write to Maddison Elliott<\/a> at Mining.com.au<\/a><\/p>\n

Images: Macmahon Holdings & Podium Minerals<\/p>\n

Add to Watch List:Macmahon HoldingsPodium MineralsDecmil<\/p>\n","protected":false},"excerpt":{"rendered":"In this week\u2019s edition of Funding Friday, several mining companies have secured financial backing, led by a major…\n","protected":false},"author":2,"featured_media":167228,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[367,17,53712,4698,41195,1450,53711],"class_list":["post-167227","post","type-post","status-publish","format-standard","has-post-thumbnail","category-canada","tag-australia","tag-canada","tag-early-works-contract","tag-funding","tag-mining-services","tag-placement","tag-share-purchase-plan"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts\/167227","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/comments?post=167227"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts\/167227\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/media\/167228"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/media?parent=167227"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/categories?post=167227"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/tags?post=167227"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}