Latest Capital Raises News

Felix Gold made substantial progress on its proposed Alaska antimony mine and US refinery during the September quarter, including 80 drill holes and pilot-scale production of cast antimony metal. The progress came at a cost: cash fell to A$1.267 million, equal to an estimated 0.1 quarters of funding on the quarter’s reported outgoings.

FBR has converted its first Mantis welding robot sale into a binding A$990,000 order and secured a North American distributor. The commercial progress comes alongside A$2.073 million of quarterly operating cash burn and a reported 0.12 quarters of funding at period end.

Impact Minerals is shifting decisively towards Lake Hope’s high-purity alumina project after raising A$2.21 million and changing its leadership structure. The company now has A$2.61 million in cash, but still faces the more difficult task of funding pilot work, feasibility studies and eventual project development.

Chariot Resources has moved its Nigerian lithium strategy forward with licence approvals, geological mapping and a proposed partner-funded drilling and offtake program. But with A$600,000 in cash, A$3.19 million of borrowings and an estimated 0.75 quarters of funding, the next phase depends on securing more capital.

Coppermoly ended the September quarter with $92,000 in cash and estimated funding for just 0.38 quarters of relevant outgoings. The mineral explorer is cutting costs, narrowing its Queensland portfolio and assessing potential funding and acquisition options after its managing director’s departure.

Sagalio Energy produced 391 tonnes of crude oil and recorded US$109,094 in sales during the September quarter, while a completed A$221,033 placement strengthened its near-term funding position. The report also flags a potential breach of the agreement underpinning the company’s economic interest in its Kyrgyzstan assets.

Lithium Plus Minerals has outlined a preliminary A$325 million post-tax NPV for its Lei lithium project, alongside a six-year production target and a 34% resource increase. But the ASX explorer ended September with A$1.054 million cash, estimated funding of just 0.78 quarters and plans for an additional equity raising.

NT Minerals ended September with $142,000 in cash and an estimated 0.47 quarters of funding, while its ASX suspension remained unresolved. The company is pursuing additional funding and disputing responsibility for potential rehabilitation costs at the McKinnons Gold Mine.

Avenira has advanced the Wonarah phosphate project towards planned pre-strip work in late 2026 and a first direct shipping ore shipment in the first half of 2027, while securing access to up to A$85 million in post-quarter-end Hebang debt facilities. The timetable remains conditional on approvals, product qualification, pricing, logistics and funding execution.

Core Energy has lined up a A$3.025 million placement and a maiden Barking Gecko drilling campaign as it builds its uranium position in Namibia. The immediate funding picture remains tight, with A$679,000 in cash at quarter-end and the company reporting less than one quarter of funding before the next placement tranche.

Barys Resources has added a 110.8-square-kilometre gold exploration licence in Kazakhstan, taking its North Balkhash portfolio to 445.8 square kilometres. The expansion comes with a sharper funding constraint: cash fell to A$1.039 million at quarter-end, equivalent to about one quarter of funding at the reported spending rate.

Gateway Mining has expanded its Cowza discovery to approximately 4.5 kilometres of mineralised strike and confirmed high-grade gold in fresh rock with a 41-metre intercept at 2.0g/t. A $45 million placement and $8.23 million securities sale left the explorer with $52.84 million in cash at quarter-end to accelerate drilling across Yandal.