Latest Capital Raises News

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.

Elementos Limited has locked in a $5 million strategic placement from Australia’s largest tin producer, Metals X, to accelerate development of its key tin projects in Spain and Tasmania.

White Cliff Minerals has raised A$14.4 million at a notable premium, positioning itself to fast-track exploration at its Rae Copper Project with drilling set to resume mid-year.

Mount Burgess Mining has applied to the Supreme Court of Western Australia for orders to validate previous share sales and extend deadlines for cleansing notices, aiming to shield sellers from civil liability. The hearing is set for 19 May 2025.

Dateline Resources secures strong funding to progress its Colosseum Gold and Rare Earth Elements project in California, with the Bankable Feasibility Study on track and plans underway for rare earth drilling and a U.S. market uplisting.

Urbanise.com Ltd has partnered with NAB in a landmark deal where NAB acquires a 15% stake to integrate its banking services into Urbanise’s cloud-based strata management platform, aiming to launch a new solution in early 2026.

Metals X Limited has committed $5 million to acquire a significant stake in Elementos Limited through a private placement, positioning itself as a key player in the tin development sector.

Tivan Limited has initiated a comprehensive 35,000m drilling program at its Speewah Fluorite Project in Western Australia, aiming to expand its mineral resource and advance feasibility studies ahead of a Final Investment Decision in 2026.

VHM Limited has opened a $2 million Share Purchase Plan at 25 cents per share, matching its recent placement price, to support the Goschen Project ahead of a final investment decision. Eligible shareholders in Australia and New Zealand can subscribe up to $30,000, with the offer closing on June 10.