Latest Capital Raising News

Acrow Limited (ASX: ACF) is targeting a sharp FY27 earnings lift after industrial access revenue exceeded $200 million and post-year-end acquisitions expanded its platform. The FY26 result was more mixed: revenue reached a record $336 million, but underlying net profit fell 20% and the dividend was reduced.

IODM Limited (ASX:IOD) increased FY2026 revenue by 16.9% and narrowed its net loss, but auditors flagged material uncertainty over the company’s ability to continue as a going concern. A post-year-end A$1.00 million placement is funding an expansion into North American universities while the business remains heavily reliant on external capital.

Asara Resources has emerged from FY2026 with a substantially larger Kada gold resource, strong cash backing and a more concentrated Guinea strategy. The headline resource update came after year-end and remains a Mineral Resource, not an Ore Reserve or economic mine plan.

Viridis Mining and Minerals Limited (ASX:VMM) has used its FY2026 annual report to present Colossus as a rare earths project moving from study work into execution. The company has reported strong DFS economics and fresh equity funding, but still needs key permits, binding offtake and senior debt before construction can fully proceed.

Patrys has moved its injectable quetiapine program into human testing, while its FY2026 annual report warns the company will need further funding within 12 months. The company ended the year with $3.36 million in cash after raising capital and acquiring the RLS-2202 development program.

Spacetalk Limited (ASX:SPA) has posted a sharply deeper FY26 loss and negative net assets, while its auditor flagged a material uncertainty over the company’s ability to continue as a going concern. The company says a $10 million post-year-end placement, note conversions and new telco agreements give its software-led strategy room to execute.

Adavale Resources has expanded its Parkes gold inventory to 383,300 ounces and consolidated a 610-square-kilometre position around London-Victoria and Calarie. The gains came alongside a larger annual loss, A$4.95 million in operating cash outflows and an auditor warning that future funding remains critical.

Alice Queen has outlined a potentially lucrative Horn Island development case, but the numbers remain preliminary and depend on further drilling, approvals and funding. The gold explorer ended FY2026 with a A$3.55 million loss and A$3.6 million in cash.

Western Ridge Resources reported a $12.22 million loss for the year ended 30 June 2026, with cash falling to $407,860 and its auditor warning of a material uncertainty over the company’s ability to continue as a going concern. The company is now relying on Keystone drilling and further funding to advance its Nevada exploration strategy.

ActivEX has eliminated its borrowings and reported a 310,000-ounce gold resource at Mt Hogan, but the balance sheet remains dependent on future funding. The ASX-listed explorer posted a $2.149 million loss after impairing exploration assets by $2.616 million.

Manhattan Gold Corporation (ASX:MHC) has emerged from a transformational year with encouraging Hook Lake drilling, expanded tenure and a sharper gold focus, but no compliant resource yet and only A$2.01 million in year-end cash. The company reported an A$8.90 million loss after absorbing exploration costs and a large loss on its lithium divestment.

Brazilian Critical Minerals has reported striking economics for its Ema rare earths project, including a US$1.47 billion post-tax NPV, 105% IRR and six-month payback. The company’s A$7.87 million FY2026 loss, December debt maturity, permitting requirements and unresolved Drake dispute leave the development case dependent on execution and further funding.