Latest Capital Raises News

Botanix Pharmaceuticals has agreed to terms with Piramal to establish an alternate supplier for the active ingredient in Sofdra, aiming to reduce costs by up to 40% and strengthen its supply chain.

88 Energy has bolstered its Alaska North Slope exploration with a substantial prospective resource update, fresh seismic data acquisitions, and a heavily oversubscribed A$5 million equity placement, setting the stage for its Augusta-1 well spud in early 2027.

Audalia Resources is set to raise $450,000 through a share placement aimed at funding critical mining design and permit work for its Medcalf Project, supporting its path toward development.

Core Energy Minerals (ASX:CR3) has revealed significant rare earth element mineralisation at its Cummins Project in South Australia, highlighting broad zones of high-grade TREO with promising magnet rare earth oxide ratios and potential for in-situ recovery mining.

Cygnus Metals has reported standout high-grade assay results from its Golden Eye deposit in Quebec, with gold equivalent grades reaching 105.5g/t over 1 metre. These results reinforce the continuity of mineralisation and point to potential expansion of the Indicated Resource at the Chibougamau Copper-Gold Project.

29Metals confirms additional groundworks at Xantho Extended will push back full mining resumption, leading to lowered zinc, gold, and silver production forecasts while maintaining copper output.

Kuniko Limited has completed its Phase I diamond drilling program at the Commonwealth Gold-Silver Project, intersecting visible sulphide mineralisation in all holes and discovering a new 70m mineralised zone at Silica Hill. The company also identified a 4km conductive corridor, setting the stage for an expanded Phase II drilling campaign.

Henderson Far East Income Limited posted a robust 23.3% net asset value total return for the half-year ending February 2026, supported by strong Asian tech and financial sector gains. The trust declared a 6.25p interim dividend and raised £39.1 million through new share issuance, securing a spot in the FTSE 250.

New Hope Corporation is raising A$300 million through a new convertible notes issue while simultaneously seeking to repurchase its existing A$300 million notes. The move coincides with elevated thermal coal prices amid Middle East tensions and ongoing operational guidance.

Mamba Exploration has secured a 70% stake in the Meeka East Gold Project following a $2 million placement and completed a major soil sampling program, setting the stage for a maiden drilling campaign pending assay results and approvals.

Trek Metals has wrapped up the second tranche of its $15 million placement, issuing nearly 9.7 million shares to directors at 15 cents each after shareholder approval. The move bolsters the company’s capital ahead of its drilling campaign at the Kuro manganese prospect.

Temas Resources is tapping the Canadian market with a $1.5 million flow-through share placement aimed at advancing its titanium projects in Quebec. The raise supports exploration expenses tied to its proprietary processing technology and resource development.