Latest Equity Raises News

Santana Minerals made significant strides in the June quarter at its Bendigo-Ophir Gold Project, progressing regulatory approvals, expanding mineralisation, and securing robust funding to underpin development plans.

Prairie Lithium has advanced its Saskatchewan lithium project with the delivery of North America’s largest commercial Direct Lithium Extraction unit and a binding offtake agreement securing 100% of Phase 1 production.

InVert Graphite has acquired RapidGraphite and its RapidPulse™ technology, aiming to revolutionise graphite processing with rapid, acid-free purification. The company raised A$2.5 million to fund scale-up trials and integrate this with its Morogoro graphite project in Tanzania.

Forrestania Resources has raised $310 million and agreed to acquire the Edna May Gold Project for $300 million, aiming to establish a second production hub and accelerate its growth into a mid-tier Australian gold producer.

Akora Resources has successfully raised $3.3 million through a placement and entitlement offer, advancing its high-grade Bekisopa iron ore project in Madagascar following a key mining permit grant.

Omega Oil & Gas has kicked off a fully funded drilling program in Queensland’s Taroom Trough, backed by a strong $102 million cash position and no debt, aiming to unlock significant oil and gas volumes.

Lotus Resources has secured A$34.2 million from institutional investors in a fully underwritten entitlement offer, with a retail component set to raise an additional A$26 million. The funds aim to support the Kayelekera uranium project’s production ramp-up and financial stability.

Electro Optic Systems (ASX:EOS) posted a 284% surge in first-half 2026 revenue to $169 million, driven by robust defence contracts and regional tensions. Its order book hit a historic $846 million, prompting an upgrade to full-year guidance and signalling strong momentum in counter-drone and laser weapon systems.

Genmin has locked in A$3 million in unsecured director loans to fund working capital for its Baniaka iron ore project, avoiding immediate shareholder dilution while advancing project financing.

KGL Resources has closed its $120 million entitlement offer, advancing a $300 million equity raising to fund the Jervois Copper Project. Major shareholder KMP Investments boosts its stake to 36.2%, while the conditional placement awaits shareholder approval.

OZZ Resources moves closer to acquiring Sulphide Minerals and regaining ASX listing with a $5 million capital raise, while navigating legal challenges on key tenements.

Syrah Resources moderated graphite output amid subdued ex-China demand, raised US$72 million to support ramp-up, and advanced Vidalia anode material towards commercial sales in H2 2026.