Latest Capital Raises News

Uvre Limited is set to acquire New Zealand gold explorer Otagold, backed by a $4 million equity raise and the appointment of mining veterans Norman Seckold and Peter Nightingale to its board.

White Cliff Minerals reports a significant high-grade copper discovery at its Rae Project in Nunavut, Canada, with assay results confirming substantial mineralization. The company is advancing exploration with further drilling and geophysical surveys planned for 2025.

Xanadu Mines has received a takeover bid from Bastion at A$0.08 per share, representing a substantial premium and backed unanimously by the board and major shareholder CAAF. The offer includes a $17.2 million capital injection and is subject to limited conditions.

Alvo Minerals has voluntarily suspended trading of its shares on the ASX as it finalizes an Entitlement Offer and prepares to announce progress on the Lavra Velha Project acquisition.

Wayburn Holdings has lodged a formal application with the Takeovers Panel challenging the integrity of Emu NL’s recent extraordinary general meeting vote, citing undisclosed share placements and opaque proxy handling.

Matrix Composites & Engineering has received a preliminary, non-binding proposal from Advanced Innergy Solutions for a reverse merger, prompting careful review by its board amid uncertainty.

Codrus Minerals has raised $1.24 million to fund drilling at its Bull Run Gold Project in Oregon, with operations set to begin by the end of May. The company targets six high-priority gold zones backed by strong assays and historic drill results.

Red Mountain Mining has initiated a 1000m reverse circulation drilling program at its Kiabye Gold Project in Western Australia, aiming to test newly identified magnetic anomalies and historic gold zones. The program is backed by recent capital raising and coincides with ongoing sampling at its Armidale Antimony-Gold Project.

Canyon Resources secures a $24.5 million capital boost from major shareholder Eagle Eye Asset Holdings, accelerating development of its Minim Martap bauxite project with first shipments targeted for 2026.

GreenX Metals has commenced a fully funded airborne geophysical survey at its Tannenberg Copper Project under the BHP Xplor program, while also securing A$4.6 million through a share placement to bolster its exploration and development efforts.

Prospect Resources has reported outstanding flotation testwork results from its Nyungu Central deposit, highlighting high-grade copper concentrates and promising cost efficiencies for its Mumbezhi Copper Project in Zambia.

Aspen Group has offloaded its remaining stake in Eureka Group Holdings for $27.5 million, using the proceeds to significantly reduce its net debt while maintaining its FY25 earnings guidance.