Jameson Resources raised $5.6 million in a capital raising initiative.

The funds were secured through a two-tranche placement involving existing shareholders and sophisticated investors.

The funds will aid in advancing environmental approvals and Indigenous engagement for the Crown Mountain Hard Coking Coal Project.

The placement saw the issuance of approximately 175 million new fully paid ordinary shares priced at 3 cents per share.

Tranche 1 involves the issuance of around 53.3 million shares. Tranche 2 will issue approximately 121.7 million shares.