Latest Capital Raises News

BPM Minerals has entered its most consequential exploration phase after expanding Beachcomber into a multi-lode gold system and securing A$6.6 million in cash. The company is now drilling toward a maiden JORC resource, although its option to acquire the Forelands project remains unexercised and no resource has yet been estimated.

FMR Resources has shifted decisively towards Chile, expanding its copper-gold portfolio while early Llahuin drilling suggests the interpreted porphyry core remains untested. The exploration push came with a $6.44 million loss, $4.65 million in cash and a renewed dependence on future capital.

Dataworks has secured firm commitments for a A$3.0 million placement and will seek up to a further A$1.24 million from shareholders to fund debt repayment, government contract mobilisation and commercial expansion. The raise gives the company more capital to pursue growth, but at a discount that will increase the share count and potentially add substantial option dilution.

Manhattan Gold has secured commitments for an A$4.5 million placement to fund more than 4,000 metres of drilling and related exploration at its Hook Lake project in Nunavut. The full raising remains partly conditional, with A$1.14 million requiring shareholder approval in November.

Raptor Metals has sold its remaining Australian Gold and Copper stake for approximately $468,200, converting a legacy asset into cash without issuing new shares. The proceeds add funding flexibility as the company advances copper exploration in New Brunswick.

Prescient Therapeutics has extended its Share Purchase Plan by three days after shareholders reported delays receiving application documents. The revised timetable places the offer’s results announcement just ahead of a planned briefing on the company’s PTX-100 development program.

Falcon Metals has started its first-ever drilling at the Olsen Well gold target in Western Australia, expanding the campaign to approximately 6,000 metres after a recent capital raising. The program will test the central portion of a 5.8-kilometre gold-in-soil anomaly supported by rock-chip results of up to 6.42 grams per tonne gold.

Cycliq has secured firm commitments for a $1.5 million placement priced at a steep discount, giving the cycling technology company cash for inventory, AI development and other priorities. The raise also comes with a substantial package of options and further dilution subject to shareholder approval.

Hancock Prospecting has agreed to invest A$8.77 million in White Cliff Minerals for a proposed 13.5% stake, giving the junior explorer fresh capital to accelerate drilling at its Rae Copper Project in Nunavut. The placement still requires shareholder approval.

Sparc Technologies has reported a 25% reduction in corrosion creep after adding HydroGraph’s Fractal Graphene to its ecosparc protective coating. The result strengthens the commercial case, but a definitive supply agreement remains conditional on longer testing due in November.

Latrobe Magnesium is shifting its growth priority to a proposed 50 ktpa magnesium plant in South Carolina, backed by 32 ktpa of non-binding customer interest and a 20-year feedstock agreement. The project carries substantial indicative economics, but still needs funding, site acquisition, feasibility work, permits and binding offtake contracts.

NewPeak Metals will begin a minimum 1,000-metre Phase 2 diamond drilling program at Las Opeñas in Argentina in mid-October, targeting a potentially gold-richer zone west of its recent long intercepts. The campaign is funded from the company’s completed placement, but the higher-grade western extension remains untested.