Latest Capital Raises News

Pinnacle Minerals Ltd is set to raise an additional $440,000 through a third tranche placement, aiming to accelerate its exploration programs and pursue new opportunities. This move follows strong investor demand and awaits shareholder approval.

Macarthur Minerals has successfully raised nearly $2 million through a rights issue, with Gold Valley Yilgarn Pty Ltd underwriting the shortfall and set to become a substantial shareholder pending approval.

HeraMED Limited has raised $1.98 million through a discounted share placement to fund its digital maternity care platform's commercial growth across the US, Australia, and Europe.

TG Metals Limited has raised $2.6 million through a placement to accelerate exploration and development at its Van Gold Uden deposit and Gold City prospect in Western Australia.

Chilwa Minerals has raised A$4.1 million through a private placement to fast-track exploration and development at its multi-commodity Chilwa Project in Malawi, with directors backing the raise subject to shareholder approval.

Brickworks Limited and Washington H. Soul Pattinson have unveiled plans to combine under a newly capitalised ASX-listed entity, Topco, aiming to simplify their complex cross-shareholding and unlock shareholder value. Shareholders are set to vote on the scheme in September, with the merger expected to enhance liquidity and deliver dividend accretion.

Unith Ltd has acknowledged a technical breach of its trading policy following a director's share purchase during a closed period, prompting a comprehensive review of its governance framework.

Adherium Limited has raised A$0.35 million through an institutional placement, supplementing its recent entitlement offer to strengthen its financial position and support growth initiatives.

Papyrus Australia Ltd has announced a $262,000 capital raise through a share placement and unlisted options, aiming to strengthen its working capital and research efforts.

Benz Mining reports extensive high-grade gold intercepts at its Icon Prospect, confirming the potential for a large-scale, bulk open-pit operation within the Glenburgh Gold Project in Western Australia.

Imagion Biosystems has raised A$3.5 million through a placement to fund its Phase 2 clinical trial for HER2+ Breast Cancer in the US, marking a significant step in advancing its proprietary MagSense® imaging technology.

Enova Mining has raised $0.85 million to fund a diamond drilling campaign targeting high-grade rare earth elements at its East Salinas Project in Brazil, signaling strong investor confidence and advancing its critical minerals portfolio.