Latest Balance Sheet News

Aurum Resources has raised $28.8 million through a strategic placement led by Perseus Mining, boosting its cash reserves to over $60 million. This capital injection will fund an aggressive drilling campaign and feasibility studies for its key gold projects in Côte d’Ivoire.

Sequoia Financial Group has agreed to sell its financial planning arm InterPrac to Conquest Investment Partners for $50,000, following a strategic review that exposed significant challenges and asset write-downs.

D3 Energy has raised $6.12 million through a strongly supported placement at a significant premium to its IPO price, aiming to accelerate exploration and development of its helium assets amid tightening global supply.

Genesis Energy has completed its NZ$300 million rights offer shortfall bookbuild at a premium price, raising a total of NZ$400 million including a prior placement. The new shares will begin trading late March, marking a significant capital boost for the energy company.

Synlait confirms the imminent sale of its North Island assets to Abbott for NZ$307 million, aiming to reset its balance sheet amid a challenging half-year result. The company unveils a recovery roadmap focused on stabilising and scaling its core operations.

Synlait Milk Limited has reported a significant half-year loss driven by manufacturing setbacks and market pressures, alongside a strategic recovery roadmap focused on asset sales and operational overhaul.

WA Kaolin Limited has announced a $34.9 million recapitalisation plan involving a non-renounceable entitlement issue and debt conversion to strengthen its balance sheet and fund operational improvements at its Wickepin kaolin project.

Great Southern Mining has raised $4.6 million through a strongly supported share placement, positioning the company to fast-track drilling at its promising Western Australian gold projects, including the Golden Boulder and Amy Clarke discoveries.

Brightstar Resources has completed a $313 million funding package, fully financing its Goldfields Project to production and advancing the Sandstone Project towards a final investment decision.

WCM Global Growth Limited has successfully completed a significant capital raising, issuing nearly 48.5 million new shares and securing $84.8 million through entitlement, shortfall offers, and a placement.

Clara Resources has agreed to sell its Kildanga nickel-cobalt project for up to $1.75 million, marking a strategic shift to focus on its Mareeba gold exploration in Queensland.

Aguia Resources has completed the sale of its non-core Atocha Silver Project in Colombia, receiving the final C$1 million cash payment and fully divesting its interest. This move reflects a strategic shift to focus on near-term production assets and strengthens the company’s balance sheet.