Jameson Resources Limited has proposed an equity raising of up to A$5 million to fund final environmental approvals and Indigenous partnerships for the Crown Mountain Steelmaking Coal Project in British Columbia.

The non-underwritten capital raising is structured as a 1-for-5.5 accelerated non-renounceable entitlement offer of up to 144,208,654 new ordinary shares at an offer price of A$0.035 per share. The institutional component aims to raise approximately A$4 million, backed by over A$3.6 million in expected commitments from key shareholders and strategic investors. The retail component targets a further A$1 million.

The offer price represents a 22.2% discount to the last closing price of A$0.045 on 1 September 2026. Jameson is currently trading at A$0.045, up 7.14%.

Commitments for the raising include participation from existing shareholder King George Investments alongside new strategic investors including M Resources, led by Matt Latimore, and the Tribeca Global Natural Resource fund. All company directors have confirmed they will take up their entitlements.

Proceeds will be applied primarily to complete the Final Environmental Assessment Application for Crown Mountain ahead of expected submission to regulators by the end of 2026. Funds will also support ongoing engagement with Indigenous Nations to finalise long-term partnership agreements, including a proposed Shared Prosperity Agreement with the Yaq̑it ʔa·knuqⱡi'it First Nation, alongside general working capital.

Jameson holds a 78.2% equity interest in Crown Mountain Resources Limited, which holds a 90% interest in the Crown Mountain Coal Project.

"With the Crown Mountain Project having achieved key milestones towards final environmental approval, Jameson is working with Indigenous Nations and regulators to expedite this process. The Company is pleased with the support received from key shareholders and new investors, underlining the Crown Mountain Project's status as one of the world's most advanced greenfield premium steelmaking coal projects."

— Michael Gray, Managing Director

The institutional entitlement offer is being conducted from 2 September to 3 September 2026, with trading in Jameson shares expected to resume on an ex-entitlement basis on 4 September. The retail entitlement offer is anticipated to open on 9 September and close at 5:00 pm on 18 September 2026.

Read the full announcement: ANREO A$5m raise for Crown Mountain approvals