Latest Capital Raises News

American West Metals reports promising drilling results at its Storm Copper Project and advances critical minerals exploration in Utah, backed by strategic funding and offtake agreements.

Sultan Resources advances exploration in NSW’s Lachlan Fold Belt with promising gold-copper targets while managing a modest capital raise and reviewing WA assets.

Power Minerals Limited has completed a significant drilling program at its Santa Anna Project in Brazil, confirming robust niobium and rare earth element mineralisation. The company also progressed its Rincon Lithium JV in Argentina and secured nearly A$3.9 million in new funding to support exploration and development.

Kalamazoo Resources reported a challenging quarter with significant cash outflows but has secured firm commitments for a $2 million placement to extend its funding runway.

Northern Star Resources has declined to exercise its option to acquire Kalamazoo’s Ashburton Gold Project, leaving Kalamazoo to advance development plans amid record Australian gold prices. The company has initiated a Scoping Study and secured $2 million in fresh capital to support its next phase.

Scorpion Minerals has completed initial drilling at its Pharos Gold Project with assays expected soon, while expanding its Murchison footprint through a strategic JV. The company also explores options to unlock value from its Mt Mulcahy copper asset.

Hawthorn Resources is progressing its Anglo Saxon gold project with an approved drilling program and advancing mining lease applications at Mt Bevan, while maintaining a strong cash position.

Viridis Mining and Minerals has been selected for up to US$903 million in Brazilian government funding to advance its Colossus Rare Earth Project, while delivering Brazil’s first locally sourced rare earth oxides and posting robust Pre-Feasibility Study results.

Resource Mining Corporation (ASX, RMI) has kicked off a new drilling campaign at its Mpanda Copper-Gold Project in Tanzania, progressed exploration in Saudi Arabia, and strengthened its balance sheet by raising $2 million and repaying all debt.

AustChina Holdings has launched initial fieldwork at its Sulphide Creek Gold-Antimony Project and secured a key exploration licence for its Mersey Base Metals and Gold Project in Tasmania, signaling a strategic push in mineral exploration.

Gas2Grid Limited is on the cusp of securing three key service contracts in the Philippines, aiming to revive its exploration activities despite looming ASX delisting. Meanwhile, its legal battle in France continues to unfold.

Clara Resources has advanced its Ashford Coking Coal Project with an updated resource report and plans a drilling program, while raising $600,000 to support operations amid a strategic review of its Kildanga Nickel/Cobalt asset.