Australia's Cavalier Resources at 3-week high on bagging project financing
10/07/2026 02:56
BUZZ-Australia's Cavalier Resources at 3-week high on bagging project financing ** Shares of Cavalier Resources CVR.AX rise as much as 10.9% to A$0.255, their highest level since June 18
** On track to log its best session in two weeks
** Gains over 8% on the week, set to mark its best since late March
** Mineral explorer secures binding project financing for the Crawford gold project
** Executes binding financing term sheets with Javelin Global Commodities (SG) and Ottomin for project debt facilities comprising a $13 million gold prepayment facility and an A$5 million ($3.47 million) gold loan facility
** Down ~28% YTD, including the session's moves
($1 = 1.4401 Australian dollars)
(Reporting by Anjali Singh in Bengaluru)
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Australia's Cavalier Resources at 3-week high on bagging project financing
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