Latest Capital Raises News

Cynata Therapeutics has lifted its proposed shareholder-approved placement to approximately $750,000, taking potential proceeds from its two-stage capital raising to about $1.663 million before costs. The biotech says key clinical and termination costs have been paid, while its externally funded kidney transplant trial remains in follow-up.

Motio’s proposed sale to IVE Group has moved into the shareholder-vote phase after the Supreme Court of New South Wales approved scheme meetings and ASIC registered the Scheme Booklet. An independent expert supports both cash schemes, but securityholder and further Court approval remain outstanding.

Stealth Group has reported record FY26 results, with EBITDA up 46.2% and net profit up 86.3% after its HBT acquisition. The next test is converting the enlarged network into recurring platform value while keeping leverage contained.

ADX Energy has secured a rig for the GOLD-1 shallow gas well in Upper Austria, with mobilisation set for 4 January 2027. The prospect carries a mean prospective resource estimate of 8.3 BCF, but drilling, testing and commercial development risks remain ahead.

Paladin Energy has launched a fully underwritten A$525 million equity raising to accelerate its Patterson Lake South uranium project, expand Triple R and repay debt. The placement comes at a 10.3% discount to the last traded price, with retail investors offered a separate, non-underwritten share purchase plan.

Bridge SaaS ended September with just A$31,000 in cash after a A$1.455 million operating outflow, leaving an estimated 0.02 quarters of funding. The company says its solvency depends on lower costs and timely NDIS receipts, while a potential A$2 million placement remains uncommitted.

RBR Group has requested a voluntary suspension while it finalises a proposed capital raising and agreements to extend its convertible notes. Trading is expected to resume when the announcement is released or before trading begins on 13 November, unless ASX decides otherwise.

Auric Mining has secured A$17 million from institutional and existing investors to expand its gold resource base, fund drilling and progress Burbanks. A further A$3 million Share Purchase Plan remains subject to an ASX waiver, while the company says full project development will require additional funding.

Arrow Minerals has secured binding commitments for a $5.5 million placement to fund exploration, testwork and development studies around its West Pilbara iron ore strategy. The raise clears the minimum funding hurdle attached to its 12-month option over the 62.5 million tonne Pannawonica project, but the acquisition itself remains conditional.

Emu NL could receive A$2.2 million if Catalina Resources completes its conditional purchase of Coruscant Minerals from Badja Gold by 31 January 2027. The payment is accelerated from production-linked milestones, but remains dependent on shareholder and government approvals.

PolarX has secured firm commitments for a $1.45 million placement priced at the company’s last pre-halt close. Most of the funds are earmarked for corporate development, with exploration programs at Humboldt Range and Fourth of July receiving smaller allocations.

SIV Capital has agreed to acquire underground mining equipment group PPKME in a proposed scheme valued at about $18.6 million. The transaction could finally give SIV an operating business and a route back to ASX trading, but it still faces funding, shareholder, court and listing hurdles.