Latest Capital Raise News

GreenTech Metals has turned a year of drilling, acquisitions and capital raising into a much larger West Pilbara exploration portfolio. The opportunity is growing, but the annual report also flags a material uncertainty over future funding as the company pursues Munni Munni and Whundo.

Yandal Resources posted its busiest exploration year yet, expanding the Arrakis discovery and ending FY2026 with 450,200 ounces of reported resources and $9.7 million in cash. But a larger loss, material going-concern uncertainty and a CEO transition leave the company needing to convert drilling momentum into resources and renewed funding support.

PC Gold’s Spring Hill project emerged from FY2026 with a sharply larger resource, fresh institutional funding and a clearer path towards feasibility studies. The gold explorer remains pre-production and loss-making, but its post-year-end A$75 million raise gives it substantial room to expand drilling and development work.

Southern Hemisphere Mining has reported its strongest Llahuin drilling results yet, but the copper explorer ended FY26 with just $110,027 in cash and a material going-concern uncertainty. The company is relying on further funding, related-party borrowings, asset sales and a possible Chilean VAT refund to keep exploration moving.

Rua Bioscience delivered a sharp rise in customer revenue and secured a UK agreement expected to generate NZ$10 million over two years. But PwC disclaimed an audit opinion, warning the company may not have enough cash without another capital raise.

Latrobe Magnesium has secured A$8.5 million in equity funding to complete its Latrobe Valley demonstration plant and advance a proposed South Carolina magnesium project. The raising gives the company near-term funding certainty, but also brings further dilution and leaves the larger US development dependent on future capital.

Solstice Minerals has emerged from FY2026 with a larger exploration story, a A$45.3 million liquidity base and drilling that extends Nanadie beyond its existing resource footprint. The company remains loss-making and pre-production, leaving future value tied to resource growth and exploration execution.

Cadence Opportunities Fund has raised $5.7 million through a strongly supported share purchase plan and placement, increasing the company’s net tangible assets by 17%. The new shares will also qualify for upcoming fully franked dividends.

Bounty Oil & Gas NL (ASX:BUY) is pursuing a 2,322 km² deepwater exploration block offshore Liberia, backed by a $3.55 million placement and major vendor-linked securities. The opportunity remains conditional: the block has no executed production sharing contract, no independent resource estimate and has not yet been reviewed directly by Bounty.

Emerald Resources-backed Manda Resources has completed a suite of North Queensland asset acquisitions, lifting its combined global JORC gold resource to 1.33Moz. The vehicle has started drilling and appointed experienced explorer Tara French as CEO ahead of a proposed ASX listing later in 2026.

McLaren Minerals has moved its flagship McLaren Titanium Project into bankable feasibility, backed by a 529 million tonne resource and a 663-hole drilling campaign. But the pre-revenue explorer remains reliant on further funding, with the Barossa acquisition still conditional and 118.4 million options issued after year-end.

M3 Mining reduced its FY2026 loss and more than doubled cash after a $2.25 million placement, while exploration work at Edjudina produced priority gold targets. The improvement comes with an auditor-highlighted material uncertainty over the company’s ability to continue as a going concern.