Latest Capital Raising In Mining News

Western Mines Group advances its Mulga Tank nickel project with a new deep diamond drill hole and an electromagnetic survey, backed by recent capital and government grants.

Western Mines Group has completed a major capital raising, issuing over 16.5 million shares and unlisted options to fund expanded exploration at its Mulga Tank project.

Peel Mining has significantly increased its Share Purchase Plan to $5 million following overwhelming shareholder interest, reflecting strong confidence in its Cobar Basin assets.

Gateway Mining Ltd's latest surface geochemical sampling confirms an extensive 11.5km gold anomaly at its Great Western target, signalling a potentially significant new gold camp in Western Australia's Yandal Gold Project.

Freehill Mining Limited has increased its capital raising to $540,000 through a share placement and free-attaching options, aiming to support its processing operations in Chile and strengthen working capital.

Magnum Mining & Exploration has raised $7 million through an oversubscribed placement to accelerate its critical minerals processing hub in Nevada and expand rare earth exploration in Brazil, aligning with US strategic priorities.

Peel Mining Limited has launched a $2.5 million Share Purchase Plan offering eligible shareholders discounted shares following a $16.25 million placement. The move aims to bolster funding for exploration and corporate initiatives while giving retail investors a chance to participate.

Freehill Mining has secured $300,000 through a non-brokered placement to fund capital upgrades in its Chilean aggregates business and explore higher-value commodity opportunities.

AuKing Mining has successfully closed a two-tranche placement raising $1.17 million, with directors actively participating, to fund its Cloncurry Gold Project acquisition and reduce existing debt.

Variscan Mines has successfully completed the initial phase of its $2.5 million capital raise, bolstering funds for advancing its Novales-Udias zinc-lead project in Spain.

AIC Mines has successfully raised over $14 million through a Share Purchase Plan, exceeding its $10 million target, to fund expansions at its Eloise processing plant and the Jericho copper mine development.

Blackstone Minerals has completed its merger with IDM International, acquiring the high-grade Mankayan Copper-Gold Project in the Philippines and reporting promising deep drill results. The company also raised $22.6 million to accelerate exploration.