Latest Equity Raising News

L1 Gold Fund has completed its retail entitlement offer, taking its latest equity raising to approximately A$375.4 million. L1 Group has also subscribed for A$42 million through the remaining shortfall offer, while the final allocation remains open.

Blackpearl Group more than doubled annual recurring revenue to NZ$26.8 million in FY26, but the growth came alongside an NZ$17.8 million loss and a formal material uncertainty over its ability to continue as a going concern. The company says cost reductions, faster cash conversion and its refinanced BNZ facility can support the next phase.

Lion Selection Group (ASX:LSX) increased its investment portfolio by 19% to A$108.2 million in FY2026, even as net profit fell 77% to A$8.9 million after an exceptional prior year. The resources investor enters the new year with A$36 million in cash and term deposits, but remains exposed to volatile junior mining valuations and unresolved litigation.

Eureka Group Holdings has secured $70.7 million from institutional investors to help fund its $123.8 million acquisition of six NSW communities. The remaining $9.5 million retail offer opens against a backdrop of upgraded FY27 earnings guidance, but also higher gearing and execution risk.

Kingfisher Mining has remade itself around a 700 square kilometre New South Wales exploration portfolio, with Copper Blow emerging as the flagship after high-grade drilling. The shift came alongside a $1.16 million FY2026 loss, $1.21 million in cash and an explicit reliance on future funding.

Bannerman Energy has launched a fully underwritten A$124 million placement that it expects will fund its share of the Etango uranium project through construction and ramp-up. The raising follows confirmation that CNOL’s strategic investment and joint venture conditions have been satisfied or waived.

Aureka Limited (ASX:AKA) has opened a share purchase plan targeting approximately $1.5 million at $0.12 per share, giving eligible Australian and New Zealand shareholders access to the same price as its recent placement. The funds are earmarked for production investment, working capital and exploration drilling.

Viridis Mining and Minerals has secured approval for a R$77.5 million BNDES financing facility, reducing the estimated senior debt still required for its Colossus rare earth project to about US$280 million. The 16-year facility carries an indicative current cost of approximately 4.8% and supports the project’s Brazilian processing and research infrastructure.

West Coast Silver has completed the main tranche of its A$6.0 million placement, raising A$5.92 million before costs for drilling, technical studies and resource updates at Elizabeth Hill. A final A$80,000 director tranche still requires shareholder approval.

Ordell Minerals has completed about 25,000 metres of drilling at its Barimaia gold project and begun a further 14,000-metre campaign aimed at delivering a maiden Mineral Resource Estimate for McNabs East in the December 2026 quarter. The exploration push comes as the pre-revenue company reports an increased annual loss but a stronger $8.2 million cash balance after equity raisings.

Viridis Mining has placed its first major equipment order for the Colossus Rare Earth Project, securing critical-path pressure filtration technology that underpins its 2028 production target.

FireFly Metals has raised approximately A$180 million through a dual-market equity raising to accelerate development of its Green Bay Copper-Gold Project in Newfoundland, Canada.