Latest Capital Raises News

Arrow Minerals has taken an option over the 62.5 million tonne Pannawonica Iron Ore Project in Western Australia, giving it a possible route into production near established Pilbara infrastructure. The project is not yet acquired, and Arrow must raise at least $5 million before it can exercise the option.

Macarthur Minerals has secured an initial $600,000 advance under a six-month loan facility as it prepares for proposed bulk sampling at Lake Giles. The funding avoids an immediate equity raising, but carries 14% interest, security over the company and five million options.

Metgasco has launched a deeply discounted 5-for-1 entitlement offer that could raise up to $2.02 million, although as much as half of the partially underwritten component may reduce debt rather than provide cash. The structure also leaves Glennon Small Companies with a potentially dominant position if shareholder participation is weak.

ADX Energy has opened a 2-for-5 renounceable rights issue that could raise up to $5.2 million for Austrian production upgrades, HOCH-1 testing and GOLD-1 drilling. The offer includes free attaching options, but the final amount raised will depend on shareholder participation.

Unico Silver says its maiden pre-feasibility study for the Joaquin and Cerro Leon silver-gold projects remains on track for January 2027, backed by high-grade infill results and A$100.2 million in cash. Exploration has also outlined 55 surface targets, although the project’s economic case, Ore Reserve and funding strategy remain pending.

New Talisman Gold Mines Limited (NZX:NTL, ASX:NTL) is seeking up to NZ$3.9 million through a renounceable rights issue that will follow a 25-for-1 share consolidation. The offer is not underwritten, leaving participation and any shortfall placement as key variables.

Catalina Resources will acquire the Badja Gold Project in Western Australia for A$6 million upfront, adding a 90,358-ounce JORC resource and a conceptual exploration target of up to 303,000 ounces. The deal is paired with a A$3.51 million placement to fund drilling, but remains conditional and leaves the company firmly in exploration territory.

Service Stream has secured approximately $404 million from institutional investors at $2.03 a share, giving its proposed Programmed acquisition an important funding milestone. Existing institutional shareholders took up 92.5% of their entitlements, although the transaction still carries substantial execution and dilution risks.

Brightstar Resources says its 1.5Mtpa Laverton processing plant remains on schedule and within budget for first gold in June 2027, with EPC work 50% complete and engineering 90% complete. The company has also added a 223-room accommodation camp and advanced preparations for mining at Lord Byron.

Talonx Resources has completed the issued portion of a A$775,000 placement and will seek up to a further A$1 million from eligible shareholders at the same price. The funding is earmarked for copper exploration at Kihabe-Nxuu, gold work at Viking and working capital.

Red Hill Minerals has granted Arrow Minerals a 12-month exclusive option to acquire its Pannawonica Iron Project, shifting holding costs and evaluation work to the potential buyer. If Arrow proceeds, Red Hill would receive $1 million plus uncapped royalties on future iron ore sales.

EBR Systems delivered higher reimbursement, manufacturing and revenue milestones in the third quarter, but a sharp September slowdown and a formal going-concern warning have shifted attention to execution and funding. The company says it holds US$93.2 million in cash, cash equivalents and marketable securities, while US$41.8 million of debt falls due within 12 months.