Latest Capital Raises News

DeSoto Resources has raised A$14 million in a strongly supported placement to fund its maiden drilling program in Guinea’s prolific Siguiri Basin, backed by a notable cornerstone investor and institutional interest.

Pacgold Limited’s trading suspension has been lifted following its announcement of a capital raising, signaling renewed market activity for the gold explorer.

Polymetals Resources has advanced its Endeavor Mine ramp-up, producing over 15,000 tonnes of concentrates and scheduling its first zinc shipment. The company also reduced debt and strengthened its cash position, signaling progress toward steady-state operations.

Pacgold Limited has raised $13 million through a two-tranche placement to acquire and restart the White Dam Gold Project, aiming for near-term production and exploration growth.

Buru Energy secured key government approvals and identified a promising new gas prospect beneath its Rafael field, while raising $4.4 million to fund development activities. The company is gearing up for a Final Investment Decision in 3Q 2026, aiming for first material cash flow by 2028.

Prescient Therapeutics has bolstered its cash reserves to $12.3 million following a $9.8 million capital raise, while progressing its PTX-100 cancer therapy through global Phase 2 trials with encouraging early lymphoma results.

Arafura Rare Earths has successfully raised $9.83 million through an upsized Share Purchase Plan, well above its $5 million target, boosting total capital raised this year to nearly $90 million.

Buru Energy has raised $2.35 million through a Share Purchase Plan and shortfall placement, bolstering funding for its Rafael Gas Project in Western Australia.

Podium Minerals has initiated a fully underwritten entitlement offer to raise approximately A$7 million, aiming to fund pilot plant testing and resource expansion at its Parks Reef PGM Project. The offer invites eligible shareholders to acquire new shares at 6.4 cents each, reinforcing Podium’s growth trajectory amid rising platinum group metal prices.

Aurumin Limited proposes a scheme of arrangement for acquisition by Brightstar Resources, with an independent expert confirming the deal is fair and reasonable. The transaction offers Aurumin shareholders exposure to a larger gold portfolio and enhanced market presence.

Nordic Resources Ltd attributes its recent share price and volume spike to a successful investor roadshow and capital raising tied to its new Finland gold projects, while confirming full ASX compliance.

New Zealand Coastal Seafoods has strengthened its financial footing with a $100,000 convertible note investment from cornerstone backer Ilwella Pty Ltd, aiming to accelerate its sustainable growth plans.