Latest Capital Raises News

Recce Pharmaceuticals advances its clinical pipeline with expanded Phase 3 trials in Indonesia and Australia, backed by a $15.8 million capital raise and a $30 million debt facility.

RareX Limited advances its critical minerals portfolio with a strategic consortium for Kenya’s Mrima Hill project and unveils high-grade gallium and scandium at its Cummins Range deposit in Western Australia.

TG Metals has completed the acquisition of an 80% stake in the Van Uden Gold Project, updated its mineral resource estimate to JORC 2012 standards, and begun drilling historical stockpiles with initial assay results received.

Perpetual Resources has reported a successful maiden drilling campaign at its Igrejinha Project in Brazil, intersecting a significant 200m lithium-caesium pegmatite body. The company also advances its rare earths exploration at the Raptor Project, supported by a recent $500,000 capital raise.

Surefire Resources NL has progressed drilling at its Yidby Gold Project with promising metallurgical results, while advancing development of its Victory Bore critical minerals deposit. The company also launched a capital raising to support ongoing exploration and development.

Koba Resources has secured all necessary permits and raised $600,000 to launch a 3,000-metre drilling campaign targeting high-grade uranium extensions at its Yarramba Project in South Australia, following promising early 2025 discoveries.

Riversgold Ltd advances its Kalgoorlie East gold project with new drilling approvals and strong metallurgical recoveries, while Canadian exploration yields impressive copper and antimony assays.

Equity Story Group has secured a transformative deal to acquire Baker Young Limited, significantly expanding its wealth advisory footprint and boosting revenue projections by over 400%. Meanwhile, its Growth Fund outperforms benchmarks and a new litigation funding vehicle launches.

Jayride Group has launched a new SaaS platform aimed at transforming its business model from a traditional aggregator to a scalable, subscription-based technology provider for ground transportation. Early integrations in Southeast Asia signal a strategic shift with promising growth potential.

Askari Metals has marked a pivotal quarter with strategic acquisitions in Ethiopia’s gold and copper sectors and advanced polymetallic exploration in Namibia, while securing fresh capital to fuel its African growth ambitions.

Variscan Mines has expanded its Novales-Udias zinc project in Spain with two new exploration licenses and reported promising underground drilling results at the Udias Mine, signaling strong potential for resource growth and mine restart.

X2M Connect reports improved revenue trends and a strengthened balance sheet after securing $5.5 million in new contracts, positioning the company for growth in FY26. A recent capital raise aims to reduce debt and fund expansion in key markets.