Latest Anax Metals (ASX:ANX) News

Anax Metals Limited has successfully completed the first tranche of its capital raising, issuing 225.5 million shares to institutional and sophisticated investors and securing $5.2 million in fresh funds.

A brutal sell-off in a few small caps did most of the damage this week, even as project funding and resource upgrades kept rolling in. Lithium, rare earths and tungsten news stayed constructive, but traders punished anything that looked like delays, dilution or weaker prices.

Anax Metals has successfully raised $10 million through a two-tranche placement, strengthening its financial position ahead of critical funding and development milestones for the Whim Creek Copper Project.

Small caps stole the week, led by a big funding deal in gold and two revenue breakouts. Meanwhile, some well-known names slid after profit updates failed to calm nerves on costs and outlooks.

Rare earths and gold dominated the tape, with one small-cap rare earth explorer ripping more than 70% on a single drilling headline. Gold producers, meanwhile, kept turning high bullion prices into dividends, buy-backs and bigger balance sheets.

Anax Metals has released an updated Definitive Feasibility Study for its Whim Creek Copper Project, confirming robust economics with a pre-tax NPV of A$501 million and an IRR of 98%, underpinned by a 10-year mine life and rapid payback.

Anax Metals is set to release an updated feasibility study for its Whim Creek project, reflecting soaring commodity prices and progressing funding talks to push the project into development.

Anax Metals Limited has secured a strategic $2.4 million placement and a $3.5 million loan, reinforcing its development plans for the Whim Creek Project in Western Australia's Pilbara region. The company is progressing its feasibility study update, due in March 2026, while advancing partnerships and funding strategies.

Anax Metals has completed a $2.4 million strategic placement by issuing over 219 million shares to Gold Valley Pilbara, strengthening its capital base. The placement was executed under existing capacity and accompanied by a cleansing notice confirming regulatory compliance.

Anax Metals has completed a $2.4 million strategic placement with mining group Gold Valley at a 37.5% premium, while securing a $3.5 million loan to repay convertible notes, positioning the Whim Creek copper project for near-term development.

Anax Metals has made significant progress on its Whim Creek Copper-Zinc project, securing a waste rock processing agreement and continuing efforts to finalize project financing.

Anax Metals has raised $3.3 million through convertible notes to push forward its Whim Creek copper-zinc project in Western Australia, while resolving a recent arbitration with its cornerstone investor Mineral Development Partners.