Latest Capital Raises News

Coast Entertainment has outlined a staged plan to build a four-star hotel and entertainment, dining and retail precinct beside Dreamworld, with preliminary modelling indicating a completion value of about $330 million. The proposal comes as the company returns to profit and reports stronger visitation, cash generation and asset valuations.

Javelin Minerals’ board has unanimously urged shareholders to accept First Au’s all-scrip takeover, even as an independent expert concluded the offer is not fair but reasonable. The proposal values each Javelin share at 10.29 cents based on FirstAU’s latest stated price, with funding risks and a key shareholder vote still ahead.

IDEXX Laboratories has raised its 2026 revenue and earnings outlook after reporting 10% third-quarter revenue growth and an 18% rise in diluted EPS. The upgrade came alongside rapid adoption of its inVue Dx analyzers, although acquisition costs prompted a lower full-year operating margin forecast.

Nagambie Resources says Alkane’s early drilling has extended the C2W lode 115 metres down-dip, with peak assays of 24g/t gold and 30.9% antimony. The results arrive as Alkane weighs whether to proceed beyond its 12-month option and fund up to A$27.5 million for an 80% joint venture interest.

Noxopharm has secured a $1.5 million placement and agreed to convert $3.78 million of shareholder notes as it prepares to test SOF-SKN in cutaneous lupus patients. The funding eases an immediate cash constraint, but the package also brings substantial dilution and remains partly subject to shareholder approval.

Lithium Plus Minerals has secured A$1.6575 million at A$0.10 a share, with cornerstone backing from Suzhou CATH Energy Technologies and a further A$1 million SPP planned. The funding is aimed at moving the Lei direct shipping ore project into pre-feasibility while supporting resource growth and offtake discussions.

OpenLearning is seeking up to $2.14 million to fund expansion across Southeast Asia, AI development and working capital, with $700,000 already committed. The raising comes with free options and significant insider participation, but remains dependent on shareholder take-up in an ununderwritten entitlement offer.

Power Minerals has entered a voluntary suspension on the ASX while it finalises a proposed material strategic investment. The company expects to disclose the investment by 3 November, but has not yet released terms or funding details.

Neurizon Therapeutics has secured A$4.3 million through a discounted placement and is seeking another A$2.0 million from eligible shareholders, while redeeming its remaining Obsidian convertible notes. The move removes current note-conversion dilution, but shifts funding risk towards equity holders ahead of a pivotal NUZ-001 trial readout.

Skylark Minerals has secured A$20 million in institutional funding, including a strategic A$5.1 million investment from West African gold producer PDI Gold. The capital will fund the next phase of exploration at Côte d’Ivoire’s Zaranou project, where the Inferred Mineral Resource recently reached 1.20 million ounces.

Rokeby Resources has secured $1.3 million through a placement and is seeking a further $1.7 million from eligible shareholders to fund resource estimation, drilling access and working capital. The raise comes at a discount and could materially expand the share count, while attaching options remain subject to shareholder approval.

ADX Energy has launched a discounted 2-for-5 renounceable rights issue targeting up to A$5.2 million, with proceeds aimed at Vienna Basin production work and new Austrian gas activity. The raise is only partially underwritten, while the prospectus warns that failure to complete it would create significant going-concern uncertainty.