Latest Capital Raising News

Vita Resources reports promising initial auger drilling results at Ninnis Gold Project, prompting an expanded program targeting key fault zones. The company also secured $2.9 million in a two-tranche placement to fund exploration across its diverse portfolio.

Wrkr Ltd has completed a $10 million placement and launched a $2 million Share Purchase Plan to fund accelerated employer onboarding and platform enhancements ahead of Payday Super’s phased rollout.

Prestal Holdings Limited (ASX: PTL) has voluntarily suspended trading in its shares pending disclosure of a significant transaction. Details remain under wraps as the company complies with ASX requirements.

Altoro Metals, formerly Variscan Mines, has officially rebranded and is set to begin maiden diamond drilling at its Guajaraz polymetallic project in Spain, backed by a $5 million capital raise.

NewPeak Metals has completed the initial phase of its capital raising, issuing nearly 50 million shares for $0.64 million. A shareholder meeting is scheduled for August to approve a further $2.86 million conditional placement.

Codeifai Limited has secured $770,000 through a share placement, aiming to expand its AI capabilities into self-service SaaS and geospatial intelligence sectors.

Norwest Minerals has revised its Bulgera Gold Project resource to 191,000 ounces with 76% in the Indicated category and reported strong metallurgical recoveries supporting heap leach development. The company launched a partly underwritten $1.89 million entitlement offer to fund ongoing studies.

Yowie Group’s latest quarters reveal falling revenues and shrinking cash reserves, even as new leadership and product launches aim to stabilise the confectionery maker’s turnaround.

ADX Energy has secured A$3.58 million through a discounted placement to fund multi-zone testing at its HOCH-1 gas discovery in Austria, follow-up drilling, and offshore Sicily exploration amid Europe's tight gas market.

Aguia Resources has completed a $3 million placement at a 10.5% discount, targeting expansion of its phosphate and gold operations in Brazil and Colombia.

Spenda Limited anticipates a significant R&D tax offset exceeding AUD 1.75 million for FY26, providing a timely cash boost amid its push towards cash-flow neutrality.

Sinclair Gold continues to push the boundaries of its Mt Henry Gold Project in Western Australia, extending known mineralisation well below previous limits and setting the stage for a significant resource update later this year.