Latest Capital Raises News

Adavale Resources has lifted its Parkes Project gold inventory to 383,300 ounces after completing an 85-hole drill programme and consolidating the London-Victoria to Calarie corridor. The gains come with only A$535,000 in quarter-end cash, although a A$4.65 million placement is now being deployed to fund drilling and a November Scoping Study.

Alligator Energy has extended uranium mineralisation south of its Blackbush resource at Samphire while field recovery results feed into the project feasibility study. A $17.1 million capital raising and other receipts lifted quarter-end cash to $25.4 million.

McLaren Minerals has completed its 663-hole McLaren Titanium drilling campaign and reported consistently strong heavy mineral grades. But with A$1.145 million in cash, only 0.8 quarters of funding and a planned equity raise, the next stage comes with a clear financing question.

Helix Resources has won shareholder approval for two exploration acquisitions and completed a $2 million placement, but entered the new quarter with only $63,000 in cash. The company is also facing an adverse British Columbia court order that set aside its Gold Basin joint venture.

AXP Energy reported higher quarterly oil and gas production after commissioning a 320 kW gas-to-power system in Oklahoma, but its cash position remains tight and the report contains conflicting cash figures. The company is relying on a capital raise to fund a proposed seven-well acquisition and further development.

New Age Exploration has logged more than 100 metres of alteration, veining and sulphides at its Wallah Silver Project, but laboratory assays are still needed to establish whether the zone contains silver mineralisation. At Lammerlaw, a standout gold hole is driving a larger 2027 trenching and drilling campaign while cash of $728,000 covers only 0.87 quarters of reported outgoings.

Advance Metals has extended high-grade silver and polymetallic mineralisation at its Gavilanes project in Mexico, including its strongest silver assay to date. The exploration progress comes with a funding question: the company ended September with A$2.106 million in cash, or an estimated 0.97 quarters of funding, and is discussing a capital raising.

Complii FinTech Solutions ended September with $168,000 in cash after a $1.20 million operating cash outflow, leaving just 0.14 quarters of funding at the reported burn rate. Management points to cost reductions, stronger revenue and a $1.24 million R&D rebate received in October as the route to improved liquidity.

GWR Group returned $19.85 million to shareholders during the September quarter, but its balance sheet remains exposed to unresolved Wiluna West liabilities. The company says $12.69 million in State royalties is overdue while the transfer of the tenements to Gold Valley remains incomplete.

Catalina Resources has advanced gold, tungsten and copper targets across Western Australia, but ended the September quarter with A$1.379 million in cash and an estimated 0.97 quarters of funding. The company is considering a capital raising while key drilling results and a potential A$1.293 million cash release remain unresolved.

Ocean Sciences has completed its first direct seaweed shipment from Indonesia to China, but ended September with just A$72,000 in cash and an estimated 0.4 quarters of funding. The company says it expects to raise capital in November as it develops its trading operations and Takalar innovation centre.

BauMart ended the September quarter with negative cash and cash equivalents of $199,000, despite raising $244,000 and repaying $250,000 of borrowings. The company expects an $80,000 modular-pilot inflow in December and plans another capital raising after its November AGM.