Latest Capital Deployment News

OD6 Metals has secured A$6.92 million from institutional and sophisticated investors to advance drilling, bulk sampling and resource definition at its Quinn Fluorspar Project in Nevada. The funding also sets up a proposed rebrand to Adaven, but brings dilution and a substantial package of shareholder approvals.

Capricorn Metals produced 31,218 ounces of gold in the September quarter, while its Karlawinda expansion was completed on schedule and within budget. The enlarged operation is now running at 6.5 million tonnes a year, although the next test is converting that capacity into consistent production and costs.

Locality Planning Energy has signed three utility infrastructure agreements that will add approximately 750 electricity and water service points across Victoria and Queensland. The expansion requires about $1.28 million of LPE-funded investment, but revenue will build only as homes, connections and retail tenancies come online.

Pacific Current Group finished FY2026 with no financial debt, A$158 million in cash and a strategic review that could lead to a transaction, a sale or delisting. The balance-sheet repair came alongside lower underlying earnings, a statutory loss and a sharp decline in Victory Park valuations.

Peninsula Energy has reported stronger flow rates from several Lance header houses, including HH17 operating above its design target and new wells delivering higher rates and grades. The company is retaining its 2027 production guidance while slowing capital deployment until the operating improvements are proven over time.

Castile Resources has emerged from FY2026 with a larger Rover 1 resource, stronger preliminary project economics and A$9.37 million in cash. The next challenge is converting a A$1.07 billion pre-tax NPV8 study into a funded, permitted mining project.

Antipa Minerals has selected a preferred processing and mine development configuration for its Minyari Dome project, combining gold doré with a separate copper concentrate. The decision advances the study, but pushes the pre-feasibility study release into November 2026 while costs and project economics are finalised.

Evolution Mining has set out a capital-heavy FY27 strategy, combining a record fully franked 41 cents per share dividend with major spending across Cowal, Northparkes and Ernest Henry. The miner also plans to lift exploration and maintain gold and copper guidance, though much of the production upside remains several years away.

X2M Connect's latest capital raise attracted three times the targeted funds, underscoring strong investor confidence as it scales its data centre pipeline beyond 200MW with a $250 million binding contract.

Elevra Lithium's Pre-Feasibility Study for the North American Lithium (NAL) brownfield expansion in Québec outlines a staged growth plan nearly doubling spodumene concentrate production to 373 ktpa by 2029, reducing unit costs and delivering a post-tax NPV of C$3.2 billion.

Pentanet’s FY26 results reveal robust growth in cloud gaming and telco segments, with a 74% jump in EBITDA to $2.4 million and ongoing GPU expansion plans.

InFocus Group Holdings has secured $450,000 in a placement to fund the commercialisation of its AI-driven Codexa sweepstakes casino platform, targeting the US market with new compliance technology and patent applications.