Latest Capital Raises News

Global Lithium Resources has locked in a strategic A$7.32 million equity placement and a US$75 million offtake prepayment from Chinese battery materials giant Jiangsu Lopal Tech, accelerating development of its flagship Manna Lithium Project in Western Australia.

Meteoric Resources has locked in $40 million through a fully subscribed placement at market price, bolstering its cash reserves as it pushes the Caldeira Rare Earths Project towards a 2026 Final Investment Decision.

Ovanti Limited has partnered with Codebase Technologies to integrate proven open API banking infrastructure into its Super App, accelerating its entry into AI-driven digital asset banking.

Tusker Minerals Ltd has seen its TSKO securities suspended from ASX quotation immediately due to non-compliance with listing rules. The suspension applies solely to this security class while the company works to meet regulatory requirements.

Syrah Resources has closed its retail entitlement offer, securing A$61 million and pushing total equity raised to A$104 million. AustralianSuper’s stake will approach half the company as Syrah prepares to fund key projects and advance strategic funding talks.

Impact Minerals has reported standout assays from the first two holes in its Commonwealth JV drilling program, confirming rich gold, silver, and base metal mineralisation that extends known zones and sets the stage for an expanded Phase II campaign.

Taiton Resources has completed a partial placement of 9.55 million shares to sophisticated investors, extending related option expiry dates to June 2029. A further tranche awaits due to delayed funds, while the company continues to advance exploration projects across South Australia and New South Wales.

Critica Limited has produced its first commercial-quality Mixed Rare Earth Carbonate at 58% TREO, confirming a refinery-aligned product pathway, while launching a major resource upgrade drilling program at its Jupiter Rare Earths Project in Western Australia.

Zinc Mines Ireland (ASX: ZMI) has acquired Dutch metals tech firm Meclex, integrating its proprietary low-temperature hydrometallurgical processes into ZMI’s Kildare zinc project. The move aims to unlock critical mineral value and reduce environmental impact in European zinc and battery recycling markets.

WA Gold’s scoping study for its Abercromby Gold Project outlines a staged mining plan with modest A$8 million upfront capital, targeting 114,000 ounces from mostly Indicated Resources and projecting A$270 million pre-tax cashflow.

AuKing Mining has wrapped up a drone-based magnetics and LiDAR survey across its Tundulu rare earths project, setting the stage for a drilling campaign targeted for May. The high-resolution data aims to sharpen drill targeting within the 5km carbonatite complex.

Patagonia Lithium has reported strong assay and porosity results from its Formentera project in Argentina, alongside a successful $2.79 million capital raise that lifts its cash position to $3.4 million. The company is advancing drilling, seismic surveys, and plans for a 1,000 tonne lithium carbonate demonstration plant.