Northwire Canada EditionFriday, July 17, 2026
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EMO 0.340 −1.4% GGA 5.40 +1.9% MDM 0.060 +0.0% WGX 4.33 −2.3% FL 0.405 −1.2% SSRM 36.29 −0.2% CD 0.240 +4.3% GEN 0.070 +0.0% ALS 56.39 −1.9% LIFT 3.11 −1.3% NTR 94.43 +0.2% ICON 0.045 +0.0% LMG 0.450 +0.0% NZP 0.045 −10.0% RJX 0.035 +16.7% PRU 4.60 −0.9% EMO 0.340 −1.4% GGA 5.40 +1.9% MDM 0.060 +0.0% WGX 4.33 −2.3% FL 0.405 −1.2% SSRM 36.29 −0.2% CD 0.240 +4.3% GEN 0.070 +0.0% ALS 56.39 −1.9% LIFT 3.11 −1.3% NTR 94.43 +0.2% ICON 0.045 +0.0% LMG 0.450 +0.0% NZP 0.045 −10.0% RJX 0.035 +16.7% PRU 4.60 −0.9%
Drill Results Material +

A Hidden Shift in Critical Mineral Supply Chains Just Triggered Mining Stocks Into Motion

Meridian fully funds Cabaçal to construction with CAD 57.5M war chest as DFS acceleration begins

By The Northwire Desk — AI Analysis Mar 24, 2026 · 10:35 MNO · 1.57 Meridian Mining PLC
Executive Summary

The most recent news (February 17, 2026) confirms that Meridian Mining has closed a CAD 57.5 million bought deal financing at CAD 1.58 per share. This capital injection brings the company’s total cash position to over CAD 100 million. Management is utilizing these funds to accelerate the Cabaçal Definitive Feasibility Study (DFS), now scheduled for delivery in Q4 2026. Key operational accelerations include ordering long-lead items (SAG mill, transformers) in Q1 2026 and initiating civil works during the 2026 dry season. Additionally, the company is expanding its 2026 exploration program to 10,750 meters and is evaluating a dual listing on the London Stock Exchange (LSE).

Material Impact
  • Financial De-risking: The CAD 57.5M financing is a major milestone. With >CAD 100M in cash, the company is now fully funded through the Final Investment Decision (FID) and into early construction works. This removes the immediate "financing overhang" risk typical of developers.
  • Timeline Acceleration: By ordering long-lead items now, Meridian is proactively mitigating global supply chain risks, aiming for a construction start in H1 2027 and production by late 2028.
  • Resource Expansion: Recent drill results from Santa Helena Central (e.g., 11.9m @ 2.5 g/t AuEq) and the maiden resource estimate (5.3Mt M&I) validate the "Hub and Spoke" strategy, suggesting Cabaçal's mine life or throughput could be augmented by satellite deposits.
  • Market Access: The potential LSE listing targets FTSE index inclusion, which could significantly increase liquidity and attract a broader European institutional investor base.
MNO · Price
Company Overview

Meridian Mining is focused on the Cabaçal VMS Project in Mato Grosso, Brazil. Cabaçal is a past-producing mine (BP Minerals/Rio Tinto) being redeveloped as an open-pit operation. - Flagship: Cabaçal Project. - PFS Metrics: After-tax NPV5% of USD 984M, IRR of 61.2%, and a low AISC of USD 742/oz AuEq. - Resource: 70.1Mt @ 0.6g/t Au and 0.3% Cu (M&I).

Read the original news release →

More from Meridian Mining PLC

Jun 17, 2026 · 14:36

Meridian drills 7.2 m of 1.4 g/t Au at Santa Helena

Drill Results Jun 17, 2026 · 02:01

Meridian Expands Upside Potential at Santa Helena With the Discovery of a Second Layer of Gold-Silver and Zinc-Lead VMS Mineralisation

Drill Results Jun 02, 2026 · 13:17

Meridian Mining Advances Cabaçal Permitting and Board Composition as DFS Nears Completion, But Capital Needs Loom

Technical Study May 27, 2026 · 02:01

Cabaçal steps toward construction with IL submission and DFS on track, but the market already priced in this progress; the real catalyst remains the feasibility study itself.

Other May 14, 2026 · 02:01

Meridian hits new gold frontier at Álamo, extending the Cabaçal belt’s prospectivity just as a dual LSE listing deepens its capital pool.

Drill Results May 01, 2026 · 02:02

Meridian Mining Secures LSE Listing and £25M Capital for Cabaçal DFS Push

Regulatory