Latest Capital Raises News

Riversgold has agreed to acquire a 12-square-kilometre tenement surrounding its Northern Zone gold project near Kalgoorlie, opening the door to western extensions of known mineralisation. The A$1 million cash and share deal also creates a near-term funding requirement and adds royalties to the asset.

Terrain Minerals has completed a $1.65 million placement and entitlement offer, but still has $856,872 of shortfall securities available to place. The funds are supporting an 86-hole Lightning drilling campaign aimed at upgrading the project’s mineral resource in Q2 2027.

Macallum New Energy has completed the first tranche of its placement, raising A$2.88 million before costs through the issue of 20.6 million shares. The company has also lodged a cleansing notice confirming that no excluded information required disclosure at the notice date.

Clever Culture Systems has secured $2.6 million to develop APAS Revolution, a smaller benchtop system aimed at pharmaceutical manufacturers not served by its existing platform. The funding combines a discounted share placement with new debt, while commercial launch is targeted for the first half of 2028.

Centaurus Metals has completed the first A$17.8 million share placement to Glencore, marking the first cash injection from a proposed US$40 million strategic funding package for its Jaguar Nickel Project in Brazil. The next milestones are CNGR’s initial share issue, shareholder approval and a Final Investment Decision.

QMines has raised more than targeted through a $5.5 million placement, giving its Mt Chalmers copper-gold development a larger funding base as drilling continues. The company also intends to seek a further $1 million from eligible shareholders, although both the SPP and deferred sale proceeds remain subject to completion.

Osmond Resources has secured A$3.75 million from a share placement to advance its Orión project in Spain, taking pro forma cash above A$6.5 million. The raise strengthens the company’s near-term funding position, but remains modest against the approximately US$300 million required by its preliminary development study.

Dart Mining has reduced the headline consideration for four Victorian projects sold to Indigo Metals by A$3.1 million, as the proposed IPO-backed transaction faces fresh shareholder approval. The revised package includes A$2 million cash, 10 million Indigo shares and a 2.5% antimony royalty.

Power Minerals has agreed to a A$5 million strategic placement to Critical Metals Corp, which is set to become an approximately 8% cornerstone shareholder. The funding will support expanded drilling at the company’s high-grade Morro do Ferro rare earths project in Brazil.

Far East Gold has opened a non-underwritten share purchase plan offering eligible shareholders new shares at A$0.10, a discount of up to 20% to recent trading levels. The proceeds are intended to support working capital and advance the Idenburg project, although the final amount raised remains uncertain.

Schoolblazer has secured binding commitments for a A$5.325 million placement, with proceeds earmarked partly for repayment of its IFM debt facility. The raise includes A$1.75 million of director participation that still requires shareholder approval.

Simble Solutions has secured binding commitments for a $1.0 million placement to fund its NanoSensor evaluation program, existing software businesses and working capital. The raise also brings potential option-related dilution and requires shareholder approval for several components.