$22 Million Strategic Investment by Kinterra Capital
| Stock | Maronan Metals Ltd (MMA.ASX) |
|---|---|
| Release Time | 20 May 2026, 9:13 a.m. |
| Price Sensitive | Yes |
Maronan Metals Secures $22M Investment from Kinterra Capital
- Fully funded for expanded 2026 drilling program and PFS
- Kinterra to become a 19.99% strategic investor
- Pro-forma cash position to increase to $36.6M
Maronan Metals Limited (ASX: MMA) has entered into a strategic investment agreement with Kinterra Capital, securing approximately $22 million before costs. The funds will support an expanded drilling program for the Maronan Project, aiming to increase the Indicated Resource base and advance towards a Preliminary Feasibility Study (PFS). Kinterra will become a 19.99% strategic investor in Maronan, providing not only financial support but also leveraging its extensive project development experience. The investment is expected to enhance the company's cash position to approximately $36.6 million, facilitating the project's progression and derisking.
Maronan's pro-forma cash position will increase to approximately $36.6 million.
The investment will support Maronan's expanded drilling program and PFS, aiming to unlock significant value for shareholders.