Latest Exploration Capital Raising News

Blaze Minerals has struck a binding deal to acquire a majority interest in two historically rich tungsten projects in Uganda, backed by a $2.25 million capital raise to fund exploration and acquisition costs.

Yowie Group Limited cut its net loss to US$0.20 million in FY26 despite a 27.1% drop in revenue, driven by cost cuts, loan impairment reversals, and new product launches including the Yowie x NBA series.

Emu NL has launched its largest drilling program yet at the Georgetown Copper Project, backed by a recent A$2.98 million capital raise. The company aims to systematically test high-priority copper targets at Yataga Valley following improved geological modeling.

Noxopharm reported significant progress in its Sofra technology, highlighting enhanced cancer drug potential and preparations for a US FDA clinical trial, while managing tight cash reserves.

Hydralyte USA secures A$392,000 through a share placement, appoints two new non-executive directors, and implements significant cost reductions following CEO resignation as it targets cash-flow break-even and strategic expansion.

Dalaroo Metals has secured A$1.75 million via a strategic placement to advance maiden drilling at its Bondoukou Gold Project and expand rare earth exploration at its Blue Lagoon project in Greenland.

Corella Resources has agreed to acquire a majority interest in the Chobe Project, a highly prospective niobium and rare earths ground in Western Australia’s West Arunta, supported by a heavily oversubscribed $5 million capital raise.

Orpheus Uranium has secured key regulatory approvals for advanced exploration across multiple projects and raised $4.37 million, including a cornerstone investment from IsoEnergy, as it prepares for a busy 2026 drilling season.

Hydrix Limited reported a 14% revenue decline and a sharp increase in net loss for H1 2026, raising concerns about its financial stability despite securing a major contract.

Polymetals Resources has reported its maiden revenue from the Endeavor Mine with first concentrate shipments, yet posted a substantial half-year loss of $34.5 million. Operational setbacks and exploration advances mark a pivotal phase for the company.

Hydrocarbon Dynamics Limited (HCD) is set to transform its business by acquiring the Great Bear Copper-Gold-Silver-Uranium Project in Canada, backed by a $5.5 million capital raise and plans to re-list on the ASX under a new name.

Golden Mile Resources has completed a significant sampling program at its Aurora prospect in Arizona, with assay results expected soon, while Patronus Resources has earned an 80% interest in the Leonora Gold Joint Venture.