Latest Entitlement Issue News

Aguia Resources Limited has announced a non-renounceable entitlement issue to raise up to $4 million, offering new shares at 2.7 cents each alongside free options exercisable at 3.5 cents. The capital raise aims to fund key exploration projects in Brazil and Colombia.

Summit Minerals Limited has announced a fully underwritten entitlement offer to raise approximately $1.08 million, aimed at advancing its Brazilian exploration projects and funding potential acquisitions. The offer, priced at $0.03 per share, is open to Australian and New Zealand shareholders and is expected to dilute non-participating shareholders by about 25%.

Aguia Resources has announced a one-for-ten entitlement issue to raise up to $4 million, including free attaching options, aimed at advancing its Santa Barbara Gold Project and supporting working capital.

Lord Resources has raised $814,000 through a strongly supported placement and is launching a $1.6 million entitlement issue to accelerate exploration at its Ilgarari Copper Project in Western Australia.

Lincoln Minerals has successfully raised $2.25 million through a renounceable entitlement issue and follow-on placement, positioning the company to advance key exploration projects in South Australia’s critical minerals sector.

Horizon Gold has successfully completed its renounceable entitlement issue, raising nearly $7 million including a full shortfall placement, positioning the company for further development at its Gum Creek Gold Project.

Beacon Minerals reported a $10.8 million loss for FY2025, driven by higher operational costs and a strategic shift to retain gold bullion. Despite increased gold production, profitability was squeezed by challenges at the MacPhersons mine and a 20% drop in gold sales.

Optiscan Imaging Limited has launched a $17.75 million fully underwritten entitlement offer to fund clinical trials, regulatory approvals, and product development. Peters Investments underwrites the offer, potentially increasing its stake to nearly 39%.

High-Tech Metals Limited has successfully completed the placement of the shortfall from its recent entitlement issue, raising approximately $1 million before costs through new shares and listed options.

Horizon Gold has successfully closed its $7 million entitlement offer with an 86% take-up, raising nearly $6 million and planning to place the remaining shortfall shares soon.

Red Mountain Mining Ltd has announced a pro-rata non-renounceable entitlement issue of RMXO Options priced at $0.001 each, aiming to raise up to $193,499 to support its working capital needs. The offer, exercisable at $0.02 until May 2027, carries notable risks including dilution and going concern uncertainties.

Lincoln Minerals Limited has announced a pro-rata renounceable entitlement issue to raise approximately $1.5 million, partially underwritten by Mahe Capital Pty Ltd, to fund exploration across multiple projects including copper, uranium, graphite, and magnetite.