Latest Capital Raises News

Culpeo Minerals has expanded its Chilean exploration footprint and advanced drilling across two copper projects, but ended September with only 1.4 quarters of estimated funding. The company says it is progressing an equity raising as assays and follow-up drilling become the next tests of its exploration strategy.

Aguia Resources says operations at its Três Estradas phosphate project can continue despite a Brazilian appellate court majority finding its environmental licence invalid. The quarterly report also showed record Santa Barbara gold production, but only A$499,000 in cash and a non-binding US$3 million funding proposal.

Hastings Technology Metals has completed its 49% Thai processing plant acquisition and is targeting first mixed rare earth chloride production in the June 2027 quarter. But the company ended September with A$1.85 million in cash, leaving funding the immediate test for both its downstream strategy and Yangibana development.

Vita Resources ended the September quarter with just A$77,000 in cash, equivalent to an estimated 0.2 quarters of funding, even as it expands Ninnis exploration and pursues new gold opportunities in New Zealand. The company is seeking up to A$500,000 through a non-underwritten share purchase plan while key exploration milestones remain ahead.

Revolver Resources has secured a A$3 million bridge facility to advance early works at its Dianne copper project, while its quarter-end cash balance covered less than one quarter of reported outgoings. The company still needs a broader package for construction, working capital and offtake before it can reach a Final Investment Decision.

Broken Hill Gold has increased the Vertigo resource by 43% while drilling continues to reveal high-grade gold-copper sulphides beneath White Dam’s Icebreaker prospect. The company ended September with A$12.6 million in cash, but its proposed production restart still depends on further drilling, refurbishment and mine economics.

SRJ Technologies has reported a sharp increase in commercial activity and a growing flow of Middle East and international contracts, but its cash position remains tight. The ASX-listed asset integrity specialist says it is considering a short-term equity placement while it converts awarded work into cash receipts.

CONNEQT Health ended the September quarter with just A$501,000 in cash after a A$3.06 million operating outflow, equivalent to 0.16 quarters of funding at the reported burn rate. The company is pursuing R&D-backed debt, inventory finance and an equity raising as Pulse sales recover from an inventory disruption.

Piche Resources has identified more than 19 new epithermal structures at its Cerro Chacón project in Argentina, including a 2km vein and rock-chip results of up to 10.41 g/t gold and 553.42 g/t silver. The next test is whether those surface signals translate into a coherent mineralised system at depth.

Frontier Energy has moved its Waroona Renewable Energy Project into construction, while higher capacity credits lift forecast annual revenue, EBITDA and free cash flow. The next major test is financial close on up to $280 million of project debt, expected in November.

Manuka Resources has moved Wonawinta from a five-month recommissioning effort into gold production, with first revenues received after quarter end and full processing capacity reached in October. The operational progress comes alongside A$60.1 million of borrowings, A$581,000 in cash and an Appendix 5B funding estimate of just 0.37 quarters.

DGR Global ended September with A$54.4 million in cash after investing almost A$5 million in Sunstone Metals, while unpaid Savannah royalties and an Armour Energy appeal add uncertainty. The explorer is redirecting its post-SolGold balance sheet towards copper-gold projects in Queensland and Ecuador.