Latest Capital Raises News

ABx Group has lodged a prospectus for a fully underwritten $2 million share purchase plan, forming part of a broader $4.1 million capital raising for its Deep Leads rare earths project and ALCORE pilot plant. The offer gives eligible shareholders discounted shares and options, but leaves the final price unknown until after applications close and remains subject to shareholder approval.

Vital Metals reported a A$16.63 million FY2026 loss after impairing its North T mine asset by A$12.73 million, while its auditor highlighted material uncertainty over the company’s ability to continue as a going concern. The balance sheet was strengthened by A$12.47 million in placements, but Tardiff’s encouraging drilling results must now translate into a larger resource and a credible pre-feasibility study.

Nodestream has deferred four convertible note maturities worth A$8.325 million, including a secured A$4 million note, into October and November 2027. The price of that extra time is a proposed issue of up to 189.2 million options, subject to shareholder approval.

Magnetite Mines is seeking up to A$1.5 million through a discounted share purchase plan and potential top-up placement to advance the Razorback green iron project. The raise offers free options, but also highlights the company’s continuing reliance on external funding and future strategic partners.

Minerals 260 has opened a non-underwritten share purchase plan targeting up to $30 million at $0.88 a share, the same price paid by institutional investors in its $250 million placement. The broader funding package is intended to move the Bullabulling Gold Project towards construction.

Perpetual Resources has warned of material uncertainty over its ability to continue as a going concern after its FY2026 loss more than tripled. The ASX-listed explorer finished the year with A$2.34 million in cash, but remains dependent on further capital raisings to fund Nevada Scheelite and Brazilian exploration.

Tetragon Energy has reported a $470,635 comprehensive loss in its first annual report, while highlighting a Philippine exploration portfolio carrying 3.214 Tcf of net mid-case prospective gas resources. The newly listed explorer ended the period with $715,713 in cash, before raising $4 million through its July ASX listing.

First Graphene expanded its product range and international footprint in FY2026, lifting revenue while narrowing its annual loss. But the company says continued operations depend on securing further equity funding, putting commercial execution and liquidity at the centre of its next phase.

Peregrine Gold has reported a $3.47 million FY2026 loss and $3.56 million operating cash outflow, with its auditor highlighting material uncertainty over the company’s ability to continue as a going concern. Against that financial pressure, the ASX-listed explorer is preparing RC drilling across two high-grade channel iron prospects and advancing several gold targets in the Pilbara.

Talisman Mining’s Sheepyard prospect has emerged as the company’s clearest exploration opportunity after drilling outlined shallow gold mineralisation across an unconstrained 800-metre strike. But the annual report also shows a shrinking royalty income stream, a $2.705 million loss and fresh reliance on equity funding.

Mt Malcolm Mines has moved closer to an integrated gold development model, combining a maiden 13,200-ounce resource with ownership of major 500,000-tonne-per-year processing plant components. The shift came with a $1.639 million loss, $1.445 million of operating cash outflows and a warning that further working capital is likely to be required within 12 months.

Grand Gulf Energy has reported a sharply wider FY2026 loss after impairing $15.03 million of Red Helium exploration assets. The auditor also flagged material uncertainty over the company’s ability to continue without further capital.