Latest Capital Raises News

Nexus Minerals has secured firm commitments for a A$5.4 million placement to fund drilling and exploration across its Wallbrook Gold Project and NSW Mineral Project. The raise is priced below recent market benchmarks and is expected to lift cash above A$8.7 million before costs.

Metal Hawk has secured $1.2 million from sophisticated investors as RC drilling begins at the Numbat lode in Western Australia. The campaign will test whether the company’s strongest Leinster South gold intercept extends along strike and at depth.

Galilee Energy has shifted the Zydeco-1 sidetrack from its original gas-condensate focus to five shallow oil zones carrying up to 422.6 thousand barrels of gross unrisked Prospective Resources. The A$3.5 million placement is expected to fund the revised oil testing and potential production design.

FMR Resources will sell its Fairfield copper-gold project to unlisted MFM Resources for $200,000 in MFM shares, subject to approvals, due diligence and MFM securing a proposed ASX listing. The deal marks a sharper concentration of FMR’s resources on its Chilean portfolio, but leaves shareholders exposed to the uncertainty of a future IPO and a non-cash consideration.

Gibb River Diamonds reported a A$5.61 million profit after receiving a A$7 million pre-GST distribution from its Neta gold joint venture. The cash windfall leaves the explorer with A$6.74 million in the bank, but its next challenge is converting a one-off mining payment into a credible development pipeline.

Terrain Minerals has lodged a prospectus for a $1.6 million entitlement offer, with the proceeds earmarked mainly for drilling at Smokebush and Lightning. The raise comes with a substantial dilution warning and a going-concern qualification if funding is not secured.

TechGen Metals has emerged from a year of lower losses and stronger cash reserves with three gold projects lined up for drilling, while copper and base-metal targets remain in the portfolio. The funding runway is improved, but the August capital raising and new director securities add a material dilution question.

Sunstone Metals has expanded its Bramaderos gold-equivalent resource to 3.6Moz and reported new Porotillo and Copete discoveries, but its FY2026 accounts carry a material uncertainty over going concern. A post-year-end A$9.94 million placement has improved liquidity, although further equity funding remains central to the exploration plan.

Everest Metals moved Mt Dimer into mining, established a 260,780-ounce Revere gold resource and upgraded its Mt Edon rubidium project in FY2026. Yet the company remains loss-making, has impaired its Mt Dimer development assets and warns that future funding and project cash inflows are needed to support its going-concern assessment.

WA1 Resources has ended FY26 with a larger, higher-confidence Luni niobium resource, encouraging processing results and A$123.8 million in cash. The project now moves towards a targeted Q4 CY2026 Pre-Feasibility Study, with permitting, funding and commercial viability still ahead.

Great Boulder Resources has used FY2026 to make the leap from gold explorer toward producer, acquiring Peak Hill and securing a 481,000-ounce resource alongside its 1.02 million-ounce Side Well project. The strategic shift came with a A$9.93 million loss, a heavily expanded share count and a clear near-term test: whether 40,000 metres of drilling can support development by late 2027.

Vectus Biosystems swung to a $1.56 million FY2026 profit, but the result was driven largely by the sale of its VB4-P5 compound for XORTX shares and warrants rather than recurring operations. The company is now directing its resources towards VB0004 while its auditor flags material uncertainty over ongoing funding.