Latest Capital Raises News

Ariana Resources has secured approval for a Victoria Falls Stock Exchange listing and will seek up to US$5 million to fund exploration and development at its 1.6Moz Dokwe Gold Project. Zimbabwean investment manager Dendere Asset Management will anchor the raise with a US$1 million commitment.

Forrestania Resources now has a 63.10% relevant interest in Zenith Minerals, with the unconditional takeover offer due to close on 12 November unless automatically extended. Three existing directors will resign the following day as Forrestania nominees prepare to take control of the board.

Top End Energy reported a $12.1 million FY2026 loss after writing down $9.29 million of exploration assets, while cash fell to $1.01 million. The company remains suspended from ASX quotation and says its ability to continue depends on additional funding and reinstatement.

Golden Dragon Mining has issued a corrected 2026 Annual Report after revising percentage holdings for its top 20 shareholders and substantial holders. The change leaves the audited accounts untouched, while the report highlights a growing Cue Gold exploration program, a $735,073 loss and continuing reliance on capital markets.

Australian Vanadium has secured up to $15 million from the Western Australian Government to develop its first proposed V-NOMAD vanadium electrolyte facility. The grant advances AVL’s vertically integrated battery strategy, but the project remains proposed and requires the company to fund the balance.

Pacific Lime and Cement has secured firm commitments for a A$50 million placement while advancing a proposed US$15 million convertible note with the United States International Development Finance Corporation. The funding is aimed at moving its Papua New Guinea lime, cement, port and industrial precinct projects towards construction and commercialisation.

Lithium Plus Minerals has opened a Share Purchase Plan seeking up to A$1 million from eligible Australian and New Zealand shareholders at A$0.10 a share. The funds are earmarked for the Lei Project’s pre-feasibility study, exploration and offtake discussions.

OpenLearning has nearly tripled its placement to $430,000, taking commitments to its broader capital raising to $980,000 before the entitlement offer opens. The company could raise up to approximately $2.49 million, but the larger component remains dependent on shareholder participation.

Solaris Australian Equity Income Plus is seeking up to $91.97 million through a placement and 1-for-3 entitlement offer priced below its market price. The capital is intended to enlarge the portfolio ahead of February and March dividend opportunities, but the offers are non-underwritten and non-renounceable.

Biotron CEO and executive director Glenn Gilbert has started more than two months ahead of schedule, immediately taking charge of a strategic review centred on SedRx. The review will also test development priorities, capital allocation and partnering options across the company’s drug portfolio.

Sarytogan Graphite has launched a non-renounceable entitlement offer targeting up to $3.85 million, but only $1 million is underwritten and the issue depends on a Kazakh regulatory permit. The prospectus also flags going-concern uncertainty, substantial future project funding needs and dilution for shareholders who do not participate.

Delorean has reached Financial Close on its $62.1 million NSW1 Horsley Park bioenergy facility, activating $30.5 million of government grants and a 25-year Brickworks gas supply agreement. Procurement can now begin, with construction targeted for early 2027, although Tanarra’s debt documentation and the project’s funding mix still warrant attention.