Funding for Minim-Martap: EY raises uncertainty, Jefferies engaged to raise additional funds

Canyon Resources needs to secure additional funding by December 2026 to continue developing the Minim-Martap bauxite project. The company has appointed Jefferies to find supplementary resources beyond the facility provided by AFG Bank Cameroon. Additionally, auditor Ernst & Young (EY) identified a significant uncertainty regarding the group's ability to continue operations, noting that access to necessary resources is not yet guaranteed, although the accounts remain unchanged.