Latest Capital Raising News

Peninsula Energy’s low-pH uranium restart delivered stronger grades but struggled to move enough solution through the Lance wellfields, forcing guidance to be withdrawn and triggering a US$50.1 million impairment. Auditors flagged material uncertainty over the company’s ability to continue as a going concern, despite fresh funding and a reconfirmed CY2027 production target.

Sultan Resources has reported a $1.48 million FY2026 loss and an auditor-highlighted material uncertainty over its ability to continue as a going concern. The explorer is seeking to fund early-stage Lachlan Fold Belt work while pursuing a new Namibia opportunity and a post-year-end $1.316 million placement.

Ocean Sciences delivered a sharp increase in seaweed revenue during FY2026, but the audited report also records a A$1.612 million continuing-operations loss, A$2.319 million operating cash outflow and material uncertainty over its ability to continue as a going concern. The renamed ASX-listed group is now seeking up to A$3 million while building out its Indonesian platform.

PLC Resources has repositioned around Western Australian gold and copper exploration, securing a maiden 13,000-ounce Inferred Resource at Wadgingarra and full ownership of Yalgoo. But the FY2026 annual report also carries a material uncertainty related to going concern, leaving future exploration dependent on additional funding and exploration success.

Battery Age Minerals finished FY26 with stronger cash reserves and drilling progress across Austria and Argentina, but warned that further funding or asset realisations are needed to sustain planned exploration. The company reported a $4.97 million loss, including a $2.60 million non-cash charge linked to its diluted Eminence Minerals holding.

Canterbury Resources enters FY2027 with just $220,503 in cash, net current liabilities and an auditor-highlighted material uncertainty over its ability to continue as a going concern. The explorer is targeting at least $2 million in additional funding while advancing the Monto and Briggs copper projects.

PhosCo has expanded its Gasaat phosphate project with a 166.6Mt resource and new processing results, but its auditor has flagged material uncertainty over the company’s ability to continue as a going concern. The ASX-listed explorer ended FY2026 with $5.86 million in cash, a $4.48 million consolidated loss and a $2.71 million working capital deficit.

Pioneer Minerals has warned of a material uncertainty over its ability to continue as a going concern after closing FY2026 with just A$80,302 in cash. The company is relying on a proposed A$2.5 million capital raising while pushing its Idaho tungsten-gold-gallium project towards maiden drilling.

Blaze Minerals reported a narrower FY2026 loss, but ended the year with just $43,552 in cash and an auditor-highlighted material uncertainty over its ability to continue as a going concern. The company is relying on shareholder-approved funding, a proposed 20:1 consolidation and a conditional Ugandan tungsten acquisition to reshape its next phase.

Green Technology Metals has cleared the environmental assessment for its Seymour lithium project, while a A$15.9 million capital raising leaves the company better placed to complete its definitive feasibility study. The next test is whether permitting, financing and Indigenous agreements can convert that progress into a Final Investment Decision in FY27.

VBX has expanded the Wuudagu Bauxite Project’s resource to 143.2 million tonnes, but its FY26 accounts expose acute funding pressure, with just $301,208 in cash and an auditor warning of material uncertainty over going concern. The definitive feasibility study has been pushed into the first quarter of 2027 while the company relies on fresh equity, related-party funding and prospective strategic partners.

Duxton Farms has warned of a material uncertainty around its ability to continue as a going concern after a merger-driven loss, sharply higher borrowings and heavy cash outflows. The agricultural group is relying on asset sales, cost reductions and fresh funding while it tries to shift from mature broadacre assets into longer-dated development projects.