Latest Capital Raisings News

Sierra Nevada Gold has started a 25,000-metre second-phase drilling campaign at its As Safra copper-gold project in Saudi Arabia, with the first assay results due in November. The company is directing capital and management attention to Saudi Arabia while exploring commercial options for its Nevada portfolio.

BSA has signed a binding agreement to acquire 100% of Eonetics, bringing tethered-drone communications technology into its national infrastructure services business. The transaction remains conditional on due diligence, regulatory clearance and shareholder approval.

Provaris Energy has accepted $914,500 in final Share Purchase Plan applications after delayed electronic transfers pushed demand 50% above its $600,000 target. The raise will fund hydrogen and LCO₂ development, while a proposed option package still requires shareholder approval.

Microba has secured a $2.025 million placement while cutting costs further, launching GI Navigator and advancing its proposed merger with Genetic Signatures. The funding comes as the company reports strong Australian testing growth but only about one quarter of cash cover before the raise.

Aeris Environmental has secured $1.5 million from two sophisticated investors to accelerate its Syncromesh building intelligence platform, while issuing a further 2.05 million shares for advisory services. The capital arrives as the company seeks to turn its smart-building technology pipeline into recurring revenue.

Aureka is approaching a decisive shareholder vote on its proposed acquisition of the Fiddlers Creek mine and Wedderburn mill, after raising $7.25 million and ending September with $6.993 million in cash. Exploration results at Irvine and Comstock add further upside, but the company’s transition from explorer to producer is not yet complete.

WAM Active estimates its pre-tax NTA at $0.84 per share after October volatility hit small-cap resources and technology holdings. The listed investment company has declared 5.2 cents per share in fully franked dividends, while its Firmus Technologies valuation remains unchanged after the startup withdrew its IPO.

Rua Bioscience has raised approximately NZ$1.0 million through its rights offer, well short of the NZ$2.8 million sought. The medicinal cannabis company says it still needs more working capital to fund inventory for its UK expansion.

Sunshine Metals is moving Mt Moss toward a planned mid-2027 first gold pour, but its annual report carries a material uncertainty over going concern as the company faces a $10 million deferred payment and roughly $30 million of development spending. The ASX-listed explorer reported a narrower FY2026 loss and $20.57 million in cash after a year of major capital raisings and project expansion.

M Battery Materials has lodged a prospectus for a $15 million to $25 million IPO, taking its proposed acquisition of LE Minerals’ Queensland graphite assets into a more concrete phase. The transaction still requires LE Minerals shareholder approval and successful ASX admission.

Helix Resources has closed a $2 million placement to fund exploration across its Pilbara gold projects, but the issue still needs shareholder approval at an extraordinary meeting on 21 October. The deal adds 50 million shares and 50 million attaching options to the company’s capital structure.

Critical Minerals Group is seeking up to $2.05 million to begin definitive feasibility work at its Lindfield Vanadium Project, backed by existing shareholders and a new non-executive director. The raise could increase shares on issue by 27% if fully subscribed, with key related-party commitments still requiring approval.