Latest Capital Raises News

Askari Metals has marked a pivotal quarter with strategic acquisitions in Ethiopia’s gold and copper sectors and advanced polymetallic exploration in Namibia, while securing fresh capital to fuel its African growth ambitions.

Variscan Mines has expanded its Novales-Udias zinc project in Spain with two new exploration licenses and reported promising underground drilling results at the Udias Mine, signaling strong potential for resource growth and mine restart.

X2M Connect reports improved revenue trends and a strengthened balance sheet after securing $5.5 million in new contracts, positioning the company for growth in FY26. A recent capital raise aims to reduce debt and fund expansion in key markets.

Resolution Minerals has expanded its critical minerals footprint with the acquisition of the Horse Heaven Project in Idaho, complementing its Australian assets and setting the stage for a NASDAQ listing.

Ovanti Limited has appointed Peter Maher, a seasoned BNPL executive from Zip Co, to lead its US expansion, while exploring a NASDAQ listing via dual-listing or SPAC merger and reconsidering the sale of a key dividend-yielding asset.

Horseshoe Metals has received mining approval for Direct Shipping Ore operations at its Horseshoe Lights project, recommissioned key infrastructure, and secured $851,000 in funding to accelerate near-term copper-gold production.

Redstone Resources has completed a significant deep diamond drilling program at its West Musgrave Copper Project, targeting potential Voisey’s Bay style mineralisation beneath the Tollu deposit, while securing $490,000 in fresh capital to fund ongoing exploration.

St George Mining has unveiled a maiden JORC-compliant resource at its Araxá Niobium-Rare Earth Project, initiating an expanded drilling campaign backed by a $5 million capital raise to accelerate development.

Nanollose Limited has completed a successful pilot manufacturing run blending its Nullarbor-20 fibre with wool, raised $1.05 million through an entitlement issue, and appointed Andrew Moullin as CEO to drive its commercialisation strategy.

Coppermoly Limited has reported significant exploration advances at its Mt Isa projects, highlighted by a major magnetic anomaly discovery and the appointment of seasoned geologist Dickson Leah as CEO.

Tartana Minerals progresses its Tartana-MGMF copper processing venture with key milestones achieved, steady copper sulphate production, and new financing secured from directors.

Litchfield Minerals has confirmed a large copper-zinc system and uncovered a new gold-bismuth mineralisation style at its Northern Territory Oonagalabi Project, supported by government grants and ongoing exploration.