Latest Entitlement Offer News

Lord Resources has extended copper mineralisation across multiple lodes at Ilgarari, but its FY2026 annual report carries a material uncertainty over whether the explorer can continue as a going concern. The company ended the year with $554,820 in cash after a $2.54 million loss and $1.87 million of operating cash outflows.

Barys Resources reported a wider A$2.30 million loss for FY2026 as it secured two gold exploration licences in Kazakhstan but made no progress at its Niger uranium project. With A$2.06 million in cash at year-end, the company is now pursuing a partially underwritten A$2.6 million entitlement offer to fund its next phase of exploration.

Dataworks has completed a A$3.0 million placement, issuing 25 million shares at A$0.12 each as it moves to fund working capital, government program delivery and platform development. Shareholders now face the next stage of the raising, with a 1-for-10 entitlement offer opening on 28 September.

Jameson Resources has completed its retail entitlement offer and added a A$913,000 placement, taking total gross funds raised to approximately A$9.73 million. The money will support environmental approvals, Indigenous partnerships and commercial discussions for its Crown Mountain steelmaking coal project in Canada.

Big River Industries delivered a stronger FY26 despite subdued residential construction, lifting underlying EBITDA 8.4% and reducing gearing after its Johns Building Supplies acquisition. The company is targeting double-digit underlying EBITDA growth in FY27, while its strategic options review remains unresolved.

Latrobe Magnesium has moved its demonstration plant into the final installation stage for magnesium metal, but its annual report flags a material uncertainty over whether the loss-making group can continue as a going concern. The company had $1.09 million in cash at 30 June and has since secured an $8.5 million equity raising to fund commissioning and corporate costs.

Dataworks Group delivered a much-improved FY26, with revenue up 24%, operating cash flow turning positive and its Ontario platform entering commercial operation. But the ASX-listed regtech company remains loss-making, carries net liabilities of $1.93 million and says its survival depends on further funding.

Murray Cod Australia posted a $5.37 million FY2026 loss after the prior year’s $8.56 million profit, despite higher fish biomass and improved fourth-quarter performance. The company ended the year with $4.14 million in cash after raising capital, while operating cash outflow reached $26.57 million and a Westpac interest-cover covenant was breached and waived.

VRX Silica has assembled much of the commercial and regulatory case for Arrowsmith North, including 960,000 tonnes per annum of binding offtakes and a reported A$179.2 million project NPV. The harder test now is funding construction while final approvals, logistics contracts and a final investment decision remain outstanding.

Kalgoorlie Gold Mining has opened a fully underwritten 1-for-10 entitlement offer priced at 2 cents a share, targeting about A$1.1 million for exploration and working capital. The offer completes a broader A$3.4 million capital raising, but also increases the company’s share count by up to 10%.

Barys Resources has opened a 1-for-1 renounceable entitlement offer priced at $0.01 a share, targeting gross proceeds of up to approximately $2.6 million. The partially underwritten raise is scheduled to close on 7 October 2026.

Jameson Resources has pushed back the results of its retail entitlement offer by two business days after receiving strong acceptances, including Top-Up Facility applications. The delay affects allocation and settlement timing, not the offer’s closing date, which was 18 September.