MDF Global MDF Global
FMR sells Canadian assets in Chile pivotAnson inks lithium offtake MoU with WogenAmerican Tungsten & Antimony produces antimony ingot at Del SolCapstone sells Cozamin mine to Luca in $540 million dealBroken Hill Gold boosts Vertigo resource by 160%Perpetual mobilises for 1,500m diamond drilling at IgrejinhaArtemis expands into Australia with $600 million deal for Vista GoldGold price edges lower as rate hike pressure growsSilverco outlines $461.93 million La Negra NPVAmnesty alleges possible M23 war crimes at DRC minesCopper price approaches record on strong Chinese demandOsisko Gold proposes $701.58 million secured notes offeringGreenland pact sharpens minerals focusTata seeks more Port Talbot fundingBayan units secure expanded coal quotaRio Tinto, Prysmian supply ELYSIS cables for AmazonBHP, China Baowu extend steel decarbonisation workEurope invests over $200 million in renewable energy projectsNew ASX ‘regime’ set to benefit resource industryTin price rallies higher amid limited supply growth FMR sells Canadian assets in Chile pivotAnson inks lithium offtake MoU with WogenAmerican Tungsten & Antimony produces antimony ingot at Del SolCapstone sells Cozamin mine to Luca in $540 million dealBroken Hill Gold boosts Vertigo resource by 160%Perpetual mobilises for 1,500m diamond drilling at IgrejinhaArtemis expands into Australia with $600 million deal for Vista GoldGold price edges lower as rate hike pressure growsSilverco outlines $461.93 million La Negra NPVAmnesty alleges possible M23 war crimes at DRC minesCopper price approaches record on strong Chinese demandOsisko Gold proposes $701.58 million secured notes offeringGreenland pact sharpens minerals focusTata seeks more Port Talbot fundingBayan units secure expanded coal quotaRio Tinto, Prysmian supply ELYSIS cables for AmazonBHP, China Baowu extend steel decarbonisation workEurope invests over $200 million in renewable energy projectsNew ASX ‘regime’ set to benefit resource industryTin price rallies higher amid limited supply growth
Image of team at TTCBM Project, Mongolia

Jade Gas completes $11 million placement

Jade Gas Holdings (ASX:JGH) has completed the settlement of an $11 million placement, lifting its cash balance above $20 million to support development work in Mongolia and a proposed Hong Kong listing.

The placement raised $11 million before costs through the issue of 91.7 million new shares priced at $0.12 each. Jade issued the shares using its available capacity under ASX Listing Rule 7.1.

Proceeds will fund tenure preservation, pre-development work, and the assessment of further opportunities across the basin hosting the Tavantolgoi XXXIII Coal Bed Methane (TTCBM) Project.

The funds will also cover placement costs, working capital, the proposed Hong Kong Stock Exchange listing, and the expansion of Jade’s management, technical, and operational teams.

Executive Director Joe Burke says the placement strengthens Jade’s ability to progress the TTCBM Project.

“Our immediate priorities are the execution of the definitive agreements targeted for completion by the end of the third quarter, the expansion of our management team to support the company’s next phase of growth, and the progression of our strategic initiatives, including a proposed Hong Kong Stock Exchange listing,” Burke says.

Jade has also doubled the number of unlisted options to be issued to placement participants. Investors will receive one option for every placement share subscribed, compared with the previously proposed one-for-two ratio.

The company will issue 91.7 million options exercisable at $0.15 each and expiring three years from the issue date.

Terms for 20 million broker options to be issued to the joint lead managers have also been amended. These options will carry the same $0.15 exercise price and three-year expiry.

Jade operates the TTCBM Project through subsidiary Methane Gas Resource, a joint venture with the Mongolian Government. Mongolia formally approved its first natural gas reserves at the project in June 2026.

The company notes it is assessing commercial pathways to supply gas to Mongolia’s power and heavy-vehicle transport sectors.

Write to France Pinzon at Mining.com.au

Images: Jade Gas Holdings
Add to Watch List:
Author Image
Written By France Pinzon
France is an editor and writer with more than 15 years of experience in lifestyle media publishing, brand communications, and strategy. She has held senior editorial roles across print and digital publications and co-founded a boutique digital marketing agency. She is also a novelist and a collector of typewriters.