Latest Exploration Financing News

Dalaroo Metals has appointed industry veteran Chris Connell as CEO, aiming to leverage his extensive exploration and capital markets expertise to advance its asset portfolio and growth strategy.

Kalamazoo Resources Limited reported a challenging quarter with ongoing negative cash flows but plans a $0.8 million capital raise to sustain its exploration activities.

Waratah Minerals Limited disclosed a quarterly cash outflow of AUD 1.757 million driven by exploration and staff costs, ending March 2025 with AUD 2.436 million in cash. The company plans a capital raise to sustain ongoing drilling at its Spur Project.

Ecofibre Limited reported a $2.2 million operating cash outflow in 3Q25 with total cash at $1.3 million, highlighting mixed progress across its business units and a pressing need to monetise assets to sustain operations.

Dreadnought Resources reported a challenging quarter with significant exploration spending and a tight cash position, yet remains confident in its operational outlook and funding prospects.

Allup Limited reports a challenging quarter with significant cash outflows from operations and investing, relying heavily on financing activities. The company is pursuing a $1.3 million entitlement issue to support ongoing feasibility work.

Northern Minerals Limited reported a $7.56 million net cash outflow from operating activities in the December 2024 quarter, offset by $28.5 million raised through borrowings, leaving a healthy cash balance of $35.76 million.

Argosy Minerals Limited reported a net cash outflow in its December 2024 quarter, driven by exploration and evaluation expenses, ending with nearly $6 million in cash reserves.