Latest Capital Raises News

Skylark Minerals is expanding its Côte d’Ivoire exploration footprint with staged earn-ins over the Amie and Yaou gold projects, targeting up to 97% ownership of each. The early-stage acquisitions add prospective ground, but both projects remain subject to permits, validation work and years of exploration.

Nodestream has appointed voluntary administrators to assess a sale or recapitalisation, while the ASX has suspended its shares over concerns about the company’s financial condition. The stock will remain suspended until the exchange is satisfied that listing requirements are met.

Service Stream will acquire Programmed for $975 million and raise $475 million in new equity, targeting more than 20% pro forma FY27 EPS-A accretion. The deal would sharply increase scale, but also leaves shareholders facing dilution, higher debt and a substantial integration task.

Fulcrum Lithium has launched a non-underwritten share purchase plan seeking up to A$1.5 million at A$0.051 a share, a discount of about 20% to its recent five-day VWAP. The funds are earmarked for drilling and resource work at its Nevada lithium projects.

X2M Connect has lodged a prospectus for a $3.6 million non-renounceable entitlement offer, with shareholders offered discounted shares, options and bonus shares. The raise is intended to fund technology and data centre initiatives, but the offer is not underwritten and the company warns that failure to complete it would create significant uncertainty over its ability to continue as a going concern.

QMines has exchanged binding contracts to acquire 25 freehold parcels adjoining its Mt Chalmers copper-gold project for $5.5 million. The land is intended to host key mine infrastructure and opens access for 103 planned drilling holes, although settlement, approvals and technical work remain ahead.

Botala Energy has completed its A$1.35 million placement and is seeking up to a further A$1.5 million from existing shareholders at A$0.045 a share. The funds are earmarked for flow testing and production activities at the Pitse Pilot, exploration drilling and working capital.

Count Limited has entered FY2027 with sharper earnings momentum, record funds under management and a larger acquisition pipeline after shareholders approved all AGM resolutions. The company also outlined its biggest Equity Partnership investment yet, while maintaining a higher dividend and a $1.25 million Oracle synergy target.

Novo Resources reduced its nine-month loss and operating cash burn, while a C$16.4 million revaluation of its San Cristobal Mining investment lifted marketable securities to C$37.8 million. The stronger balance sheet still faces a major test in December, when approximately A$10 million of deferred consideration falls due.

Resouro Strategic Metals reported a C$2.45 million comprehensive loss and used C$2.59 million in operating cash in the six months to September 30, leaving C$1.06 million on hand. A C$2.5 million share placement helped cover the shortfall, but the company warned that continued financing may be needed to sustain operations.

Dundas Minerals has signed a 24-month ore purchase agreement with Forrestania Resources that could provide access to existing gold processing facilities for Rockland. The agreement is commercially significant, but it does not yet establish a mine, resource or production target.

WEC Energy Group has lifted its five-year capital plan to US$47.5 billion while securing a 9.50% authorised return on equity in Wisconsin’s 2027-2028 rate review. The plan is aimed at data-centre demand, new generation and grid expansion, but will require substantial debt and equity funding.