Latest Capital Raising News

Perpetual Resources has warned of material uncertainty over its ability to continue as a going concern after its FY2026 loss more than tripled. The ASX-listed explorer finished the year with A$2.34 million in cash, but remains dependent on further capital raisings to fund Nevada Scheelite and Brazilian exploration.

Tetragon Energy has reported a $470,635 comprehensive loss in its first annual report, while highlighting a Philippine exploration portfolio carrying 3.214 Tcf of net mid-case prospective gas resources. The newly listed explorer ended the period with $715,713 in cash, before raising $4 million through its July ASX listing.

First Graphene expanded its product range and international footprint in FY2026, lifting revenue while narrowing its annual loss. But the company says continued operations depend on securing further equity funding, putting commercial execution and liquidity at the centre of its next phase.

Peregrine Gold has reported a $3.47 million FY2026 loss and $3.56 million operating cash outflow, with its auditor highlighting material uncertainty over the company’s ability to continue as a going concern. Against that financial pressure, the ASX-listed explorer is preparing RC drilling across two high-grade channel iron prospects and advancing several gold targets in the Pilbara.

US1 Critical Minerals has warned of a material uncertainty over its ability to continue as a going concern, with only $302,641 in cash at year-end. Its forecast depends heavily on completing a conditional sale of Tanzanian uranium licences for an initial US$1 million.

Talisman Mining’s Sheepyard prospect has emerged as the company’s clearest exploration opportunity after drilling outlined shallow gold mineralisation across an unconstrained 800-metre strike. But the annual report also shows a shrinking royalty income stream, a $2.705 million loss and fresh reliance on equity funding.

Mt Malcolm Mines has moved closer to an integrated gold development model, combining a maiden 13,200-ounce resource with ownership of major 500,000-tonne-per-year processing plant components. The shift came with a $1.639 million loss, $1.445 million of operating cash outflows and a warning that further working capital is likely to be required within 12 months.

Arika Resources has consolidated full ownership of its two Western Australian gold projects after a year of expanding mineralisation and fresh high-grade targets. The exploration story is gathering momentum, but auditors have flagged material uncertainty around funding as the company moves into a more than 20,000-metre drilling campaign.

GCM Corporation’s FY26 report charts its shift from explorer to thermal-management manufacturer, with independent VHD validation, 44 products and first reported product sales. But the company remains loss-making, cash-burning and dependent on further funding, while its auditor warns of material uncertainty over going concern.

Grand Gulf Energy has reported a sharply wider FY2026 loss after impairing $15.03 million of Red Helium exploration assets. The auditor also flagged material uncertainty over the company’s ability to continue without further capital.

Prairie Lithium has moved its Saskatchewan project closer to commissioning, with Pad #1 construction advancing and Hydro Lithium agreeing to buy all Phase 1 output. The progress came alongside a A$3.46 million FY2026 loss, further equity issuance and a year-end cash balance of A$5.85 million.

Bubalus Resources finished 2026 with $3.03 million in cash after posting a $1.62 million loss and writing off $1.01 million of exploration assets. The exploration company is narrowing its focus across Victorian gold, rare earths and lithium targets, but says further funding may be required.