Latest Akora Resources (ASX:AKO) News

Akora Resources has completed a $3.3 million equity raise combining a $1.6 million placement and a modest $187,000 entitlement offer, positioning the company to push forward with mine development following its recent mining permit grant.

AKORA Resources has secured A$1.6 million through a placement and is closing a A$1.7 million entitlement offer to fund advancing its high-grade Bekisopa iron ore project in Madagascar, with strong strategic partner interest and refreshed corporate governance.

Akora Resources has pushed back the deadline for its $1.7 million entitlement offer to 19 June 2026, responding to shareholder feedback and ensuring broader participation.

AKORA Resources has secured a 25-year mining permit for its flagship Bekisopa iron ore project, a critical step toward development, but faces suspension from ASX quotation due to late reporting.

One stock nearly doubled, another jumped more than 40%, and a finance heavyweight stayed elevated after a merger shock. In resources, the winners were mostly tied to “what was bought” or “what was funded”, while the laggards were often the ones where early optimism quickly turned into selling.

Fluorspar stole the week as OD6 ripped higher, while a fresh wave of trading halts and reopenings produced fast reversals. Rare earth processing deals, big funding packages and takeover timetables kept investors busy across small caps.

AKORA Resources has secured a 25-year mining permit for its high-grade Bekisopa iron ore project in Madagascar, marking a pivotal step from exploration to development and unlocking new financing and partnership opportunities.

AKORA Resources has completed a significant trenching program at its Bekisopa iron ore project in Madagascar and submitted a mining permit application under a revitalised regulatory framework, gaining strong government backing.

AKORA Resources has secured strong endorsement from Madagascar’s new government to upgrade its Bekisopa iron ore project licence from exploration to mining, paving the way for project advancement and investment.

AKORA Resources has taken a pivotal step by submitting its application to convert the Bekisopa Iron Ore Project’s exploration licence into a mining licence, leveraging recent political reforms in Madagascar to unlock development and investment opportunities.

AKORA Resources has successfully completed a $2.9 million capital raise and commenced a trenching program at its flagship Bekisopa Iron Ore Project in Madagascar, reinforcing strong local and governmental support as it progresses towards production.

AKORA Resources has initiated a surface trenching program at its Bekisopa Iron Ore Project in Madagascar, aiming to extend its high-grade direct shipping ore resource despite ongoing local unrest. The company remains confident in project progress and safety.