Latest Capital Raising And Funding News

Challenger Gold Limited advances its Hualilan Gold Project towards early production via a toll milling agreement starting in late 2025, underpinned by a robust 2.8 million ounce gold equivalent resource and strong project economics.

Krakatoa Resources Limited has secured an additional $357,000 through a top-up placement, boosting its recent capital raise to $1.659 million. The company also provides a comprehensive update on its Zopkhito Project in Georgia, alongside an extensive review of associated risks.

Lightning Minerals has inked a binding deal to acquire Lotus Minerals, gaining advanced gold and copper projects in Queensland and New South Wales, with drilling set to commence within eight weeks. This strategic move diversifies its portfolio and taps into buoyant commodity markets.

Xstate Resources Limited has announced a re-compliance capital raising to fund its acquisition of a 51% interest in the Diona Project in Queensland and the drilling of the Diona-1 well, aiming to resume ASX trading.

Blaze Minerals has inked a binding deal to acquire a major interest in the Loulombo Base Metals Project in the Republic of Congo, backed by a $2.52 million capital raise to fund exploration and development.

Southern Hemisphere Mining has partnered with FMR Resources in a conditional joint venture to explore the highly prospective Southern Porphyry Copper-Gold Target at the Llahuin Project in Chile, with drilling planned for late 2025.

Pacgold Limited reports strong initial results from its 2025 drilling campaign at the Alice River Gold Project, revealing significant shallow high-grade gold intersections that reinforce the project’s bulk tonnage and high-grade potential.

Peninsula Energy has resolved outstanding claims with its EPC contractor and is advancing a reset plan for its Lance uranium project, including revised production guidance and funding strategies.

FOS Capital has secured $3.7 million through a placement to fund its acquisition of Aldridge Traffic Systems, aiming to expand its footprint in the Australian lighting market. The deal includes key assets and intellectual property, positioning FOS for accelerated growth.

North Stawell Minerals Ltd (ASX, NSM) is advancing its gold exploration ambitions with a $3.6 million equity raising aimed at funding key projects near the prolific Stawell Gold Mine in Victoria. The capital injection will support drilling and geological modelling to unlock new gold discoveries under a thin sediment cover.

Alvo Minerals has successfully closed the institutional portion of its entitlement offer, raising $751,133, with a retail offer set to open on June 11 aiming to raise an additional $810,985. The capital raise will fund exploration and potential acquisitions in Brazil's mineral sectors.

Catapult Group International has acquired Perch, an AI-driven athlete monitoring startup, for US$18 million, enhancing its Performance & Health vertical without raising capital. This move integrates gym-based strength data with on-field analytics, promising a more comprehensive sports technology platform.