Latest Capital Raises News

Mt Malcolm Mines has successfully closed a $1.04 million rights issue, securing capital to advance a processing plant feasibility study and exploration at its Malcolm Gold Project in Western Australia.

Anax Metals has raised $6 million through a placement of 176 million shares at 3.4 cents each, expanding its capital base without shareholder approval by utilising existing ASX placement capacity.

WCM Global Growth Limited has renewed its on-market share buy-back program for another year, signalling ongoing capital management flexibility amid evolving market conditions.

Cassius Mining Limited is issuing bonus options to eligible Australian and New Zealand shareholders, offering one new option for every eight shares held. These options carry a 3-cent exercise price and expire in mid-2029, aiming to reward loyalty without raising new capital.

Microba Life Sciences secures $5 million in a placement led by Sonic Healthcare to fund its push towards cashflow break-even by 2027, backed by strong diagnostic sales and AI-driven efficiencies.

Electro Optic Systems (ASX:EOS) has dramatically expanded its Share Purchase Plan from $25 million to $40 million after receiving $95 million in applications, reflecting robust support from retail investors. Approximately 5 million new shares will be issued at $8.00 each, matching recent institutional pricing.

Vitrafy Life Sciences has secured A$30 million through an institutional placement to ramp up manufacturing of its Guardion cryopreservation devices and expand US sales operations, with an additional A$2 million sought via a shareholder plan.

TZ Limited has voluntarily suspended trading of its shares on the ASX as it prepares to announce a significant capital raising. The suspension aims to ensure compliance with disclosure rules while the transaction is finalised.

Reach Resources has locked in $6.05 million in fresh capital, including a $2 million option fee from Andel Resources, positioning the company to accelerate development at its Murchison South gold project.

Temas Resources is on track to fully commission its Ontario metallurgical lab by July 2026, initiating large-scale testing of La Blache project material to refine its proprietary RCL technology and support commercialization.

BPH Energy and Bounty Oil & Gas await a Federal Court judgement on their challenge against the refusal to extend the PEP-11 offshore permit. The decision, reserved since February, will be handed down mid-June, potentially shaping the companies' exploration prospects.

Lodestar Minerals’ first drill hole at the Three Saints IOCG Project in Chile has confirmed a large, multi-element mineralised system with copper, gold, cobalt, and molybdenum over 600 metres of vertical extent and a footprint wider than 1.6 kilometres.