Latest Capital Raises News

Pearl Gull Iron Limited has agreed to sell its Cockatoo Island Project for A$4.5 million in cash, a 4% equity stake in Crestlink Pty Ltd, and ongoing royalties, marking a strategic shift as it seeks new growth opportunities.

Lotus Resources has completed a A$65 million placement to bolster its uranium projects in Malawi and Botswana, positioning itself for steady production and future expansion.

Kuniko Limited has executed a binding earn-in and joint venture agreement to acquire up to 70% of the Commonwealth Gold-Silver Project in NSW, backed by a rights issue to fund exploration and drilling. The project offers significant resource potential in a Tier-1 jurisdiction with existing inferred mineral resources.

PolarX Limited has voluntarily suspended its ASX-listed securities as it finalizes a capital raising, aiming to lift the suspension by 8 September with a market announcement.

Austral Resources Australia Ltd has launched a $40 million placement at 5 cents per share to fund the acquisition and recommissioning of the Rocklands copper project in Queensland. The offer includes share and option issues tied to debt conversions and is conditional on shareholder approval and ASX reinstatement.

Austral Resources Australia Ltd is undertaking a $40 million capital raise to restructure its balance sheet, settle key debts, and accelerate its consolidation strategy in Queensland’s copper-rich Mount Isa and Cloncurry region.

FMR Resources has raised $3.4 million through a strategic equity placement to accelerate exploration at its Southern Porphyry target in Chile, aiming to unlock significant copper and gold potential.

Austral Resources Australia Ltd reported a steep increase in half-year losses to $24.17 million, driven by discontinued operations, while advancing key acquisitions and debt restructuring efforts.

Austral Resources has finalized key agreements with Glencore, including tolling, loan, and offtake contracts, paving the way for its acquisition of the Rocklands copper project and expanding its footprint in Queensland.

TMK Energy’s LF-07 pilot well at the Gurvantes XXXV Coal Seam Gas Project is producing over 100 cubic metres of gas daily, driving a doubling of total pilot well output since recent drilling. This milestone sets the stage for further production increases as reservoir management advances.

Green360 Technologies announces CEO Bojan Bogunovic's resignation effective October 31, with Executive Chairman Aaron Banks stepping in to lead daily operations during a pivotal growth phase.

Core Lithium has launched a $10 million Share Purchase Plan offering eligible shareholders the chance to buy new shares at the same price as a recent institutional placement, aiming to bolster working capital and support key project developments.