Ledger. Australian venture funding, tracked

Government · 1 deal

Export Finance Australia

Coverage

Stories naming Export Finance Australia. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.

4 deals

Australia's richest anti-renewables campaigner backs giant mine selling rare earths for wind turbines

Arafura, partly owned by renewables critic Gina Rinehart, has finalised financing for its Northern Territory rare earths mine, with $1.2 billion in government support and wind turbine and EV makers as customers.

Unnamed stage ~$1.2b

Australia's richest anti-renewables campaigner backs giant mine selling rare earths for wind turbines

Arafura Rare Earths, part-owned by renewables critic Gina Rinehart, has locked in financing for its Nolans project, drawing roughly $1.2 billion in Australian and German government support despite her anti-net-zero campaigning.

Funding announcement

Industry and science minister Ed Husic wants you to know something is going to happen, soon

Industry minister Ed Husic told a Tech Council summit the National Reconstruction Fund is close to its first investments after asking for a $300m drawdown; the piece recaps federal tech funding moves including PsiQuantum's.

2 deals

Budget 2024: It seems the federal government went dutch with Queensland on the $940 million PsiQuantum deal, but the really surprising part is a $28m fine print cost

Federal budget documents show Canberra's PsiQuantum commitment at $466.4 million via Export Finance Australia, plus $27.7 million for oversight, and recall Blackbird joining the quantum company's 2021 Series D.

Also Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily·Forbes Australia·Forbes Australia

2 deals

Rinehart-backed lithium and rare earths projects rake in more than $1 billion in federal funding

Canberra announces up to $840m for Arafura's Northern Territory rare earths project, while Liontown secures $550m in bank debt for its Kathleen Valley mine, with CEFC and Export Finance Australia among lenders.

6 deals

State and federal support key to Australia becoming a critical minerals super power

Climate Energy Finance analysts review Australian federal and state programs backing critical minerals projects, covering government grants, low-cost loans, new budget funds and the private equity raises and debt facilities they catalysed.

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