Latest Capital Raises News

White Energy has added coal assets in Queensland and Alabama, raised $15 million and completed the South Galilee acquisition after quarter-end. The company ended September with $8.252 million in cash, while exploration delivered fresh copper-gold-silver indicators at Specimen Hill.

Tartana Minerals has accelerated exploration after a shareholder-driven leadership overhaul, but its cash runway is shorter than the time to its next major debt maturity. Assays from Nightflower, copper drilling and regional sampling now carry added significance as the company negotiates refinancing and reviews its stalled copper sulphate operation.

Western Ridge Resources has completed its first modern drilling campaign at the Keystone silver-gold project in Nevada in more than 80 years, with assays from nine holes still pending. The company is also expanding into Western Australia’s Murchison region, but ended the quarter with only A$495,000 in cash and less than one quarter of estimated funding.

NeuRizer has begun decommissioning plant at Leigh Creek for transport to Reliance Industries’ Indian underground coal gasification projects, while its cash position remains tight and its ASX suspension continues. The company ended September with $1.305 million in cash and estimated 1.4 quarters of funding on current outflows.

OpenLearning reached record SaaS ARR of A$3.44 million after securing more than A$2.8 million in minimum contract value during the quarter. But with only A$204,000 in cash and reported funding of 0.31 quarters, the ASX-listed education software company is preparing an entitlement issue and exploring a placement.

Enova Mining has reported encouraging rare earth exploration and metallurgical results across Brazil and Australia, but ended September with just A$333,000 in cash. A proposed A$2 million placement, A$495,200 rights issue and revised 25-for-1 consolidation now sit at the centre of its next phase.

Riedel Resources has completed its transformation into a three-project gold explorer and is preparing to drill Cosmo in Western Australia for the first time since the 1990s. The company ended September with A$3.4 million in cash after a A$2.7 million equity raise, but its projected funding period is based on spending before the main drilling campaign begins.

Radiopharm Theranostics is preparing to start a pivotal RAD101 brain-metastases imaging trial in early 2027 after a successful FDA meeting. The clinical progress comes with a sharper funding question: the company reported A$7.46 million in cash against A$10.69 million of quarterly operating outflows, before a subsequent A$8 million tax-incentive-backed advance.

ClearVue Technologies has converted its Canva project into a binding subcontract and secured certifications that broaden the market for its solar glass. But the ASX-listed company ended Q1 FY27 with A$2.281 million in cash, A$2.666 million of quarterly operating outflows and estimated funding for just 1.3 quarters.

Gold Hydrogen says its Ramsay project has demonstrated helium flow across three wells, with concentrations averaging 15.2% and modelled potential of up to 37 Mscf per well per day. The technical progress comes with a sharper financial constraint: cash fell to A$3.96 million, equal to only 0.57 quarters of reported funding, while a capital raising remains in prospect.

Noronex has completed its Sleitat tin project acquisition and expanded the mapped Alaskan greisen system beyond one kilometre, but the explorer ended September with A$1.135 million and only 1.28 quarters of estimated funding. Assay results, South32-backed drilling and a potential capital raise now sit alongside the company’s exploration ambitions.

Codrus Minerals has completed its acquisition of EdgeMet, adding projects in Peru and Queensland while initial rock-chip sampling at Tiquihua returned results above 5% molybdenum and 10% copper. The explorer ended September with A$2.02 million in cash after a A$2.5 million placement.