Latest Capital Raises News

Critica Limited (ASX:CRI) has delivered stronger technical results across its Jupiter rare earths and Mt Lindsay tin-tungsten projects, but the developer remains dependent on further funding. Two scoping studies targeted for Q3 2026 now carry the burden of translating resource potential and laboratory results into project economics.

49 Metals will begin a 3,500-metre follow-up drilling program at its Gold Mountain project in Nevada in October, targeting extensions of the Adit Zone discovery. The campaign is fully funded and follows a maiden program in which all 22 holes intersected gold and/or silver mineralisation.

Bannerman Energy has moved its Etango uranium project materially closer to construction after completing a A$124 million placement and clearing conditions for its CNOL strategic investment. The project is advancing on site, but full-scale construction still depends on Final Investment Decision and completion of the joint venture documentation.

Wia Gold has moved Kokoseb from exploration into a proposed mine development backed by a 1.95 million ounce Probable Ore Reserve, A$217 million in equity raised since May and indicative US$360 million debt terms. The funding pathway is substantial, but it still depends on permits, lender approvals and final documentation before construction can fully proceed.

Artemis Resources has repositioned around West Pilbara gold-copper exploration and the emerging Madura province, but its audited accounts warn that further funding is required to sustain planned activities. The company ended the year with $3.45 million in cash after an $8.81 million loss and a $5.23 million exploration write-off.

Sagalio Energy has signed a binding subscription agreement with two investors for a proposed A$221,033 share placement. The funds are earmarked for working capital and repayment of existing debt, but completion still depends on cleared subscription funds.

Galilee Energy will begin sidetracking the Zydeco-1 well on 28 September to test five shallow oil zones in Louisiana. The A$3.5 million program is funded, but any move into production still depends on drilling, evaluation and flow-test results.

Streamplay’s Noodlecake Studios has secured the mobile publishing rights to Space Warlord Baby Trading Simulator, adding a distinctive PC and console title to its pipeline. The iOS and Android release is targeted for Q1 2027, but revenue terms and launch outcomes remain undisclosed.

Globe Metals and Mining has completed a bullish bankable feasibility study for its Kanyika niobium project, but the company still needs substantial funding to reach production. A proposed Sinomine transaction and a September mining-development deadline add urgency to the next phase.

Resource Minerals International has expanded its exploration push across Tanzania and Saudi Arabia, but auditors flagged a material uncertainty over the company’s ability to continue without future capital raisings. The ASX-listed explorer ended FY2026 with $2.12 million in cash after raising funds through placements and convertible securities.

Western Yilgarn expanded its inferred bauxite inventory to 244Mt and added gallium, tellurium, cobalt, scandium and gold targets during FY2026. But the explorer ended the year with $159,481 in cash, a $1.78 million loss and an auditor warning that further funding is required to continue planned activities.

Powerhaus Uranium entered the ASX with a $2.14 million annual loss, $1.51 million operating cash outflow and net liabilities at 30 June 2026. A subsequent $9 million IPO and the Hidden Bay acquisition have given the early-stage explorer a larger exploration runway, but drilling remains subject to approvals and future funding will still matter.