Latest Capital Raising News

MRG Metals has secured $725,000 through a placement and initiated a $750,000 Share Purchase Plan to accelerate development at its ultra high-grade Garies Rare Earth Project in South Africa and exploration in Mozambique.

TG Metals Limited has delivered a maiden inferred lithium resource at its Burmeister deposit within the Lake Johnston Project, outlining a 6.7 million tonne resource grading 1.18% Li2O with significant exploration upside.

Regener8 Resources has identified significant high-grade silver, zinc, lead, and antimony mineralisation at its newly acquired Srebrenica North Project in Bosnia, with historical and recent sampling underscoring exploration potential.

Adherium has tapped its major shareholder, Trudell Medical, for a further AUD 1 million unsecured loan to bolster working capital, adding to a recent USD 1.65 million facility.

Alara Resources has successfully closed its entitlement offer, raising AUD 4.95 million through the issuance of over 154 million new shares, exceeding its AUD 3.84 million target and negating the need for partial underwriting.

Yugo Metals continues to hit significant gold grades in its maiden drilling at the Erak Prospect, with mineralisation open in multiple directions and further drilling underway.

WasteCo has issued $700,000 in unsecured convertible notes at 8% interest, set to mandatorily convert upon an expected equity raise within three months. The company also amended $2 million of existing notes, lowering the conversion price and extending maturity.

Scalare Partners offers 87 bonus options per 100 shares to eligible shareholders alongside piggyback options, aiming to mitigate dilution from upcoming convertible note conversions. Directors plan to exercise their options, with potential capital raised earmarked for working capital.

Impact Minerals (ASX:IPT) has initiated a renounceable pro-rata entitlement offer to raise up to $4.13 million at $0.032 per share, with two free attaching options for every three new shares. The partially underwritten raise aims to fund exploration and development across its key projects including High Purity Alumina.

True North Copper (ASX:TNC) has secured A$18 million in a placement upsized due to strong demand, plus a capped A$2 million Share Purchase Plan, to finalize its Mt Oxide acquisition payment and fund drilling and development across its copper projects.

Audalia Resources plans a $450,000 share placement to advance its Medcalf project and bolster working capital, while continuing to explore further funding options for regulatory approvals.

Avenira Ltd (ASX:AEV) is raising nearly $49 million through a heavily discounted three-for-two renounceable rights issue to finance the transition of its Wonarah Phosphate Project from development to production.