Canyon Resources Limited

CAY

AU000000CAY9

Aluminum

Market Closed - Australian S.E. Other stock markets 12:14:20 2025-12-09 am EST			5-day change	1st Jan Change
0.1800 ^AUD	-2.70%		+2.86%	-

Nov. 06	Canyon Resources Continues Progress at Cameroon Project; Shares Down 3%	MT
Sep. 28	Canyon Resources Limited Reports Earnings Results for the Full Year Ended June 30, 2025	CI

Canyon Resources Limited Announces Progress on Minim Martap Bauxite Project with Initial Drawdown from Credit Facility

Published on 08/05/2025 at 07:06 am EDT

S&P Capital IQ

Canyon Resources Limited

-2.70%

Canyon Resources Limited announced that it has completed the first drawdown from its USD 140 million Credit Facility with AFG Bank Cameroon after satisfying the required drawdown conditions. The initial drawdown of XAF 15 billion (~USD 26 million) before fees will be used to secure the purchase of rolling stock for the Minim Martap Bauxite Project. Canyon has placed orders for locomotives from CRRC Ziyang Co.

Ltd. and wagons from Texmaco Rail & Engineering Limited. The initial payments secure the commitment of these key long lead items, with first deliveries expected in First Quarter 2026, aligning with the scheduled first bauxite shipment in the first half of 2026. The drawdown will also facilitate the progression of key mine, haul road, rail, and port infrastructure works, as the company aims for production to start in early 2026.

Canyon expects to complete the updated Definitive Feasibility Study (DFS) in August.

Latest news about Canyon Resources Limited

Nov. 06	Canyon Resources Continues Progress at Cameroon Project; Shares Down 3%	MT
Sep. 28	Canyon Resources Limited Reports Earnings Results for the Full Year Ended June 30, 2025	CI
Sep. 24	Canyon Resources to Raise Around AU$215 Million Via Equity Raising; Shares Fall Nearly 6%	MT
Sep. 24	Canyon Resources announces A$215M funding to accelerate development of Minim Martap	RE
Sep. 22	Canyon Resources requests trading halt	RE
Sep. 02	Canyon Resources Limited Definitive Feasibility Study Results and Reserves Upgrade Confirms Minim Martap as A Tier-One Bauxite Operation	CI
Aug. 05	Canyon Resources Limited Announces Progress on Minim Martap Bauxite Project with Initial Drawdown from Credit Facility	CI
Aug. 03	Canyon Resources Completes First Drawdown from Credit Facility for Cameroon Project; Shares Down 4%	MT
Jul. 28	Canyon Resources Names Mining Contractor, Ore Haulage Contractor for Cameroon Bauxite Project, Shares Rise 8%	MT
Jul. 16	Canyon Resources Limited Announces Commencement of Construction of Inland Rail Facility At Makor, Cameroon	CI
Jul. 15	Canyon Resources Says Inland Rail Facility Construction in Cameroon Starts	MT
Jul. 15	Canyon Resources Limited Appoints Adjou Ait Ben Idir as Non-Executive Director, Effective from July 14, 2025	CI
Jul. 15	Canyon Resources appoints Adjou Ait Ben Idir as non-executive director	RE
Jul. 01	Canyon Resources Limited Announces That Peter Secker Commenced His Role as Chief Executive Officer, Effective 1 July 2025	CI
Jun. 30	Canyon Resources Appoints New CEO	MT
Jun. 26	Canyon Resources Limited Announces Commencement of Production At Its Minim Martap Bauxite Project	CI
Jun. 25	Canyon Resources Orders Equipment, Appoints Contractors for Cameroon Project	MT
Jun. 03	Canyon Resources Limited Announces Change of Registered Office	CI
May. 25	Canyong s Says $140 Mln Credit Facility Secured For The Minim Martap Project	RE
May. 25	Canyon Says Unit Secures $140 Million Loan for Africa Project	MT
May. 18	Canyon Resources Says Shareholder to Exercise Options for AU$24.5 Million, Shares Fall 4%	MT
May. 18	Canyon Resources Says Eagle Eye Asset Elects To Exercise 350 Million Options For A$24.5M	RE
Apr. 30	Canyon Resources Unit Secures Access to Land at Port of Douala in Cameroon	MT
Mar. 23	Canyon Resources Limited(ASX:CAY) added to S&P/ASX Emerging Companies Index	CI
Mar. 23	Canyon Resources Limited(ASX:CAY) added to S&P/ASX All Ordinaries Index	CI

Chart Canyon Resources Limited

Duration

Period

CAY: Dynamic Chart

Company Profile

Canyon Resources Limited is an Australia-based bauxite resource development and exploration company. The Company is focused on expediting the development of the high-grade Minim Martap Bauxite project in central Cameroon through its wholly owned subsidiary, Camalco Cameroon SA (Camalco). The Companyâs 100% owned Minim Martap Bauxite project is a global direct shipping ore (DSO) project development opportunity. The project is located in central Cameroon and situated near the main rail line linking the region to the Atlantic port of Douala. The project seeks to produce up to 6.4 metric tons of bauxite per annum. The Minim Martap Project comprises the Makan and Ngaoundal research permits and the Minim Martap permit.

Employees

Sector

Aluminum

Calendar

Mar. 16 - Q2 2026 Earnings Release (Projected)

More about the company