Latest Capital And Funding News

Recharge Metals ended FY2026 with $5.61 million in cash after a $5.97 million capital raise and the acquisition of the Sunset Well gold project. The explorer now faces a sharper test: whether drilling can turn Prospero’s 94,500-ounce inferred resource and its broader exploration portfolio into something more substantial.

Cassius Mining reported a deeper FY2026 loss, negative net assets and a material uncertainty over its ability to continue as a going concern. The company is relying on further funding, a possible Ghana arbitration award and progress at its Soalara limestone project to support its next phase.

Iperion reported a lower loss for the year ended 31 March 2026, but its cash reserves and net assets fell sharply, leaving the NZX-listed materials company reliant on related-party funding and director support. Its Pathoglaze manufacturing operation is also being moved from Malaysia to Singapore while customer trials continue.

Metallium has moved Flash Joule Heating from tiny laboratory tests to multi-reactor campaigns in Texas, backed by feedstock contracts, offtake and A$125 million raised during FY2026. Yet the ASX-listed group remains pre-revenue, lost A$42.8 million and says continued access to funding is a material uncertainty.

Cauldron Energy has expanded its defined Yanrey uranium resource to 55.6 million pounds of U3O8 after a successful exploration year, while warning that further funding will be needed to continue operations. The project remains dependent on a change to Western Australia’s uranium mining policy.

Li-S Energy has narrowed its FY26 loss and reached several commercialisation milestones, including a 2C Power Cell, international shipping approvals and its first lithium foil sale. But the ASX battery developer still needs customer offtake and fresh funding before its proposed 1 GWh manufacturing expansion can become reality.

Lake Resources has secured the primary provincial environmental permit for its Kachi lithium project in Argentina, clearing the way for detailed engineering and financing work. The approval removes a major development hurdle, but FEED, funding, RIGI approval and a final investment decision remain ahead.

Asara Resources has emerged from FY2026 with a substantially larger Kada gold resource, strong cash backing and a more concentrated Guinea strategy. The headline resource update came after year-end and remains a Mineral Resource, not an Ore Reserve or economic mine plan.

LDR Capital Property Fund plans to retire $81.6 million of debt after asset sales, targeting a sharp reduction in gearing while it reshapes the portfolio. Investors will receive no distributions for the first two FY27 quarters, with payments deferred until March and June 2027.

NGX Limited (ASX:NGX) has warned of a material uncertainty over its ability to continue as a going concern after cash reserves fell to A$1.65 million. The minerals explorer says it will need additional working capital through September 2027, despite advancing graphite, rutile and uranium projects.

Cannindah Resources has expanded drilling at its Mt Cannindah copper-gold project, identifying the Southern Shoot and extending the Southern Porphyry Target, while equity raisings lifted cash to $14.1 million. The exploration-led result came with a larger annual loss and a substantially expanded share count.

Fin Resources’ first drilling campaign at Cabin Lake delivered gold in all eight holes, including two high-grade shallow intersections at Arrow. But the ASX-listed explorer also reported a sharply wider loss, a major impairment and an auditor-highlighted material uncertainty over its ability to continue without further capital.