Latest Capital Raises News

Iltani Resources has reported its thickest-ever Orient intercept, with 106m at 143 g/t silver equivalent from shallow depth in Orient East. Further results also broaden the southern and eastern targets ahead of a resource update and a planned 145-hole follow-up program.

Proteomics International has launched a discounted A$5 million share purchase plan as it moves from product development into commercial rollout. Eligible shareholders can buy shares at A$0.10 and may receive a free attaching option, subject to approval.

Gold Hydrogen has received a $4 million investment commitment from Eric Sprott as the company moves towards final design and procurement of a modular helium plant at Ramsay in South Australia. The institutional placement adds funding, but the proposed plant remains subject to engineering, approvals, reservoir performance and further capital.

Golden Horse Minerals plans to separate its Northern Territory copper assets from its Western Australian gold business through a court-approved Canadian arrangement. Shareholders would retain their Golden Horse shares and receive Sorrel Metals shares, but the transaction still requires approval and leaves funding, tax and listing questions unresolved.

Latrobe Magnesium has lifted commissioning progress at its Victorian Phase 1B plant to 50%, with installation now 98% complete. The company continues to target first magnesium metal crowns exceeding 98% purity by the end of 2026, while remaining within its A$6.1 million project budget.

Nodestream has completed its $6.5 million placement, launched Missions and expanded its defence push across the US and Europe. But revenue remains under pressure, quarterly cash burn is substantial and auditors have warned of material uncertainty over the company’s ability to continue as a going concern.

Manuka Resources has restarted gold production at Wonawinta and reached full processing capacity after quarter end, marking the first operating revenues from the plant. The stronger production narrative is tempered by A$581,000 in cash, A$60.1 million of borrowings and a reported funding runway of just 0.37 quarters on the September cash burn.

Maverick Minerals has turned its expanded West Arunta portfolio into an active drilling campaign, but the September quarter left the explorer with A$1.503 million in cash and estimated funding for about two quarters. Pokali East assays expected in early 2027 could become the next major test of the strategy.

Pathkey.AI has secured its first Chipforge customer contract ahead of the semiconductor platform’s commercial release, while a $2.8 million placement lifted quarter-end cash to $5.83 million. The company remains early-stage, with just $10,000 in customer receipts during the September quarter and further commercial conversion still to prove.

RBR Group has secured its first post-restart Mozambique LNG contract, but the A$2 million-scale award arrives alongside just A$32,000 in cash and overdue convertible notes. The company is relying on further contract wins, debt restructuring and new capital to bridge the gap.

Macarthur Minerals has secured a second Programme of Work approval for proposed bulk sampling at its Lake Giles Ularring Hematite Project. The milestone advances planning with Gold Valley and Destec, but the company stresses that it does not authorise mining, prove economic viability or amount to a final investment decision.

Far East Gold’s cash position has tightened sharply, with only A$593,000 remaining after a September quarter of takeover costs and exploration spending. The company says it needs new funding while a board-control fight threatens to add further uncertainty.