Latest Equity Financing News

VRX Limited advances its Arrowsmith and North silica sand projects with a positive EPA assessment and non-binding offtake agreements totaling 440,000 tonnes annually across Asia. Despite an ongoing appeal, the company is progressing toward final approvals and project financing.

Corella Resources has finalised its fully underwritten entitlement offer, issuing over 300 million shortfall shares and raising a total of approximately $935,000 before costs.

Wingara Limited has entered an exclusive agreement with Terra Firma Limited to explore and acquire meat industry businesses, securing $750,000 in initial funding. Trading on the ASX is suspended pending re-compliance and relisting.

Eagle Mountain Mining has completed a significant capital raise through the issue of over 518 million new shares and 129 million options, including a $3 million loan conversion, bolstering its exploration projects in Arizona.

PYC Therapeutics is set to raise up to $146 million through a pro-rata entitlement offer, aiming to accelerate its RNA-based drug candidates targeting major unmet medical needs. Major shareholder support and underwriting commitments underpin the capital raise.

Savannah Goldfields has successfully completed a $2.69 million capital raise through a placement and institutional entitlement offer, setting the stage for a retail offer and a broader $14 million funding program to restart gold mining operations.

DomaCom Limited reports a transformative quarter with executive changes, new funding facilities, and strategic initiatives including the launch of its Homeowner Equity Fund and exclusive licensing of the Bricklet Homeowner Platform.

Challenger Gold Limited posted a $2.1 million net cash outflow for the December quarter amid heavy exploration spending but secured $6.6 million in fresh funding shortly after quarter-end.

Emperor Energy Limited reported a net operating cash outflow of $376,000 for the December quarter but bolstered its cash reserves with a $3.6 million financing inflow, ending the period with $3.4 million in cash.

Jervois Global Limited has entered a pivotal recapitalization agreement with Millstreet Capital Management, involving a US$145 million equity injection and a pre-packaged Chapter 11 bankruptcy process. The company aims to strengthen its balance sheet and continue operations uninterrupted while preparing for a strategic restart of its nickel-cobalt refinery in Brazil.

Siren Gold Limited has completed the sale of its Reefton Project for A$22 million, retaining a significant stake in the new consolidated explorer RUA Gold Inc. The company now turns its focus to advancing the Sams Creek Project with a pending mining permit and exploration plans.

Almonty Industries has locked in final commitments for an AUD 18.45 million equity placement from existing shareholders, aiming to strengthen its financial position and cover offer costs. The placement includes warrants and options, with closing pending regulatory approval.