Ragusa’s $600K Placement Signals Urgency Amid Exploration Risks
Ragusa Minerals has raised $600,000 through a private placement to fund exploration at its Purple Pansy Manganese-Gold Project in Arizona, supported strongly by existing shareholders.
- Private placement raises $600,000 at $0.03 per share
- Placement shares issued at ~10-12% discount to recent VWAP
- Strong backing from existing key shareholders and sophisticated investors
- Funds earmarked for Purple Pansy exploration, acquisitions, and working capital
- Settlement expected on 28 January 2026 with shares issued on 29 January
Capital Raise to Accelerate Exploration
Ragusa Minerals Limited (ASX – RAS) has successfully secured firm commitments to raise $600,000 through a private placement priced at three cents per share. This capital injection, supported robustly by existing key shareholders and sophisticated investors, is set to underpin priority exploration activities at the company’s flagship Purple Pansy Manganese-Gold Project located in Arizona, USA.
The placement shares are being issued at a discount of approximately 10% to the five-day volume weighted average price (VWAP) and 12% to the 15-day VWAP, reflecting a strategic move to incentivise participation while maintaining shareholder value. Settlement of the placement is scheduled for 28 January 2026, with shares to be issued the following day.
Backing from Core Investors
Chairman Jerko Zuvela expressed appreciation for the strong support from the company’s core shareholder base, highlighting the confidence in Ragusa’s exploration strategy and growth prospects. The funds raised will not only support ongoing exploration at Purple Pansy but also provide flexibility to assess potential new project acquisitions and cover general corporate and working capital needs.
Ragusa’s focus remains on advancing the Purple Pansy Project, which holds promising manganese and gold mineralisation potential. The company’s experienced management team is leveraging its technical and commercial expertise to maximise shareholder value through disciplined, data-driven exploration.
Looking Ahead
While the placement strengthens Ragusa’s financial position, the company acknowledges the inherent uncertainties in mineral exploration. There is no guarantee that exploration will confirm economically viable mineral deposits or lead to successful mine development. Nonetheless, this capital raise positions Ragusa to progress its projects with renewed momentum and pursue strategic opportunities in the resource sector.
Bottom Line?
Ragusa’s fresh capital injection sets the stage for critical exploration milestones and potential growth moves in 2026.
Questions in the middle?
- What specific exploration milestones will Ragusa target with the new funds at Purple Pansy?
- Are there any imminent acquisition targets under consideration following this capital raise?
- How might the share placement discount impact Ragusa’s share price and investor sentiment in the near term?
