Latest Development Funding News

Calix's subsidiary Leilac has locked in a paid engineering study with an East Asian cement producer, advancing its commercial cement decarbonisation technology without capital outlay. This complements its recent Indian partnership and signals a strategic pivot to capital-light projects.

Right Resources has locked in a second tranche of A$755,000 in non-dilutive R&D funding for FY2026, boosting its collaboration with the University of Tasmania's CODES to deepen understanding of mineral systems in the Tumbarumba district.

Imagion Biosystems has raised $3.75 million to fund the start of its Phase 1b/2 clinical trial for the MagSense HER2 imaging agent in the US, following FDA clearance. The capital raising involves a two-tranche share placement with free attaching options, led by CPS Capital.

American West Metals is finalising its Pre-Feasibility Study for the Storm Copper Project in Nunavut, advancing permitting and exploration along a 110km copper belt, backed by secured development funding.

Canadian Phosphate (ASX: CP8) secured $5.2 million through a rights issue and follow-on placement, positioning itself to accelerate exploration and development across key projects in Canada and the US.

Aland Equity Group has locked in long-term funding rights over the Chinnerys residential project near Canberra, embedding a 30% gross profit margin into acquisition pricing and positioning itself as fund manager and co-investor.

Leeuwin Metals has uncovered multiple significant historical gold intercepts at its Marda Gold Project’s Red Boomerang and Deception Hill prospects, expanding exploration potential beyond the existing 342,300oz resource. Drilling plans for the second half of 2026 are progressing alongside a resource upgrade and assay results from 55 pending holes.

Strategic Elements Ltd has closed its Share Purchase Plan (SPP) after applications topped $3 million, exceeding the $2.5 million cap. The oversubscription highlights strong shareholder support as the company prepares for a more active phase leveraging the Pooled Development Fund structure.

BMC Minerals advances its 20,000m 2026 drilling campaign at Kudz Ze Kayah with standout high-grade sulfide intercepts at the Fuego Prospect, confirming a shallow mineralized zone adjacent to the proposed ABM Mine.

DigiCo Infrastructure REIT has agreed to sell its LAX1 and LAX2 data centres at cost, aiming to recycle capital into its higher-returning SYD1 development. The sale, expected in the first half of FY27, will lift available liquidity to about $1 billion following the earlier Chicago sale.

Leeuwin Metals has inked a non-binding MOU with Bain Global Resources and MEGA Resources to explore development, funding, and operational pathways for its 342,300oz Marda Gold Project in WA.

Superloop has finalized its $165 million purchase of Lightning Broadband, adding 56,000 secured lots to its Fibre-to-the-Premises network across six Australian states and territories. The deal, funded by cash and debt, keeps net leverage low and comes with regulatory approval of a functional separation framework to support open-access wholesale services.