Latest Exploration Funding News

Prominence Energy outlines a disciplined, capital-efficient plan to advance its South Australian helium and natural hydrogen projects toward drilling in mid-2027, backed by low-cost exploration and strategic funding options.

Zeus Resources (ASX:ZEU) is set to acquire the Diaguili copper-gold project in Mauritania for US$2 million, backed by a fully funded $2 million placement. The shallow historical drilling shows promising copper grades, with mineralisation open at depth and along strike.

Atomo Diagnostics reported a 40% increase in FY26 revenue to $5.3 million, driven by a surge in HIV self-test sales and new OEM customer orders. The company is advancing its syphilis and liver test developments while enhancing manufacturing capacity.

Bayan Mining has agreed to sell its Bayan Springs North Project in Nevada to Sun Silver for up to A$800,000, retaining a 1.0% royalty and securing non-dilutive funding to focus on rare earths development.

88 Energy has boosted its South Prudhoe oil prospects by 35%, securing key assets and advancing drilling plans for Q1 2027 while reducing capital risk in Namibia.

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.

Nelson Resources has pinpointed four key exploration targets at its Cinnamon Tungsten Property in Nevada, highlighting Ophir as a near-surface priority with strong alteration and a newly mapped quartz monzonite intrusion. Positioned next to Guardian Metal Resources’ Pilot Mountain project, the company plans immediate fieldwork to advance these prospects.

American Uranium Limited has completed a modestly subscribed entitlement offer raising just over A$100,000, leaving a substantial shortfall of over 20 million shares available for placement. The company remains focused on advancing its Lo Herma ISR Uranium Project with key technical milestones planned for 2026.

Tartana Minerals has locked in a $5.18 million placement with Chinese mining giant Xingye Gold at a striking 165% premium to its last traded price, setting the stage for accelerated exploration and a new strategic partnership.

Alara Resources has launched a pro-rata non-renounceable entitlement offer to raise approximately AUD 3.84 million, aiming to support ongoing exploration at its Oman copper projects and general working capital.

Falcon Metals has pushed its Blue Moon gold mineralisation beyond 600 metres of strike, uncovering a new Jasmine Zone and confirming visible gold in multiple locations. The company also advanced its Pyramid Hill and Errabiddy projects while maintaining a robust A$15.4 million cash position.

Miramar Resources has received a A$238,456 refundable R&D tax offset for FY2025, supporting innovative exploration techniques at its Whaleshark and Bangemall projects. This non-dilutive funding strengthens the company’s cash position ahead of planned drilling and surveys.