Latest Capital Raises News

Titan Minerals has uncovered a new shear-hosted gold-silver zone outside its existing Dynasty resource, while drilling continues to extend and define the Cerro Verde orebody. The exploration momentum comes with a sharper funding issue: Titan ended September with US$2.84 million and less than one quarter of estimated cash cover.

Flagship Minerals is targeting a December update to its 2.1Moz Isidora gold resource after an independent review found some previously unclassified mineralisation may qualify under JORC 2012. The company ended September with A$3.1 million in cash while advancing feasibility, permitting and portfolio plans across its gold, copper and tungsten assets.

ChemX Materials has drawn a further $167,000 under its unsecured Ovay loan while pursuing a recapitalisation that could support a return to ASX trading. The company reported no cash on hand at quarter-end and remains suspended after almost two years.

Lakes Blue Energy has secured approvals for the next Wombat-5 testing phase, with work expected to begin in mid-November. The milestone comes as the company reports $4.16 million in cash but only 1.68 quarters of funding at the September quarter’s spending rate.

North Stawell Minerals has extended its Darlington gold system and sharpened its exploration focus, but the annual report carries a material uncertainty over the company’s ability to continue as a going concern. Cash fell to $701,960 as the explorer’s annual loss widened to $1.24 million.

Tungsten Mining has moved Watershed into early construction while financing proposals potentially cover about 70% of its A$274 million pre-production capital requirement. The September quarter also delivered a large-scale Mt Mulgine PFS, a A$50 million placement and A$70.1 million in cash.

Vertex Minerals has secured approval for round-the-clock underground operations at its Reward Gold Mine, removing the company’s stated biggest production constraint. The operational opening arrives alongside modest quarterly output, a sharply revised resource and reported cash coverage of less than half a quarter.

Citigold has identified four priority exploration targets at Charters Towers, but no drilling was completed during the September quarter and its reported cash runway fell below half a quarter. The company is also heading into two meetings seeking to replace its board as it pursues funding for the mine restart.

Invictus Energy has moved its Musuma-1 exploration well from planning into final execution, with Exalo’s Rig 202 now at the site and SLB contracted for specialist services. The targeted November spud brings a major exploration test closer, but the company’s reported cash runway is based on expenditure before the full drilling campaign begins.

Felix Group lifted contracted ARR 10.6% year on year to $13.5 million in Q1 FY27, led by Nexvia and enterprise expansion. The software company ended September with $1.5 million in cash and estimated funding of just 1.12 quarters before the latest capital raising is fully available.

I Synergy ended the September quarter with A$44,000 in cash and an estimated 0.76 quarters of funding, before securing A$200,000 in loan funding after quarter-end. Its proposed Macau digital economy partnership remains non-binding, while a prior half-year review flagged material uncertainty around going concern.

Merino & Co. entered FY2027 with A$1.404 million in cash after a A$1.010 million capital raising, giving the company more room to develop its botanical dye project and expand fulfilment. The stronger balance sheet came alongside a A$164,000 operating cash outflow and fully drawn NAB loan facilities.