Latest Financing News

Litchfield Minerals has expanded its Harts Range exploration model, raised A$8 million and ended FY2026 with A$4.6 million in cash. The opportunity is growing, but the auditor flagged material uncertainty over the company’s ability to fund future operations.

Energy Action Limited (ASX:EAX) expanded its contracted forward revenue and cash pipeline in FY2026, but the growth was not yet visible in earnings. Revenue was broadly flat while net profit fell 78% and EBITDA declined 27%.

Torque Metals enters FY2027 with a 351,000-ounce Ritz Gold Project resource, $13.6 million in cash and an exceptional post-year-end HHH intercept. But the annual report also carries an auditor-highlighted material uncertainty over going concern, with further funding potentially required to sustain exploration.

Sovereign Metals has expanded Kasiya into a potential rutile, graphite and heavy rare earths project, with a rare earths study adding an estimated US$722 million of pre-tax NPV8. The opportunity comes with a sharper execution challenge: Rio Tinto will not become operator, while Sovereign still needs a mining licence, binding offtakes and substantial funding.

Aruma Resources’ 2026 annual report puts the Tillex Copper-Silver Project at the centre of its strategy after wide, high-grade drilling results in Ontario. But the explorer also reported a $2.71 million loss, $788,658 in cash and a material going-concern uncertainty dependent on further capital.

Eastern Gas has signed a non-binding term sheet for up to A$10 million in R&D-backed debt, including an initial drawdown of up to A$1.5 million. The proposed funding comes with 9% interest, multiple fees, options and security over future R&D rebates.

Meeka Metals has secured $40 million after costs through a two-tranche institutional placement priced at $0.10 a share, giving the gold producer fresh funding for Turnberry, Mt Holland and exploration. The capital raise comes as provisional September-quarter gold recovery reached 7,000 to 7,500 ounces and the company expects roughly $50 million in cash after the first tranche.

Jameson Resources has completed its retail entitlement offer and added a A$913,000 placement, taking total gross funds raised to approximately A$9.73 million. The money will support environmental approvals, Indigenous partnerships and commercial discussions for its Crown Mountain steelmaking coal project in Canada.

Astral Resources has strengthened its balance sheet and expanded its Mandilla gold resource as it moves from explorer toward developer. The next test is converting deep drilling, permitting progress and a proposed early-production joint venture into funded construction decisions.

DigiCo Infrastructure REIT is using US asset sales to lower leverage and concentrate capital on its Australian data centre pipeline, led by the fully funded 88MW SYD1 project. The strategy comes alongside a $100.8 million statutory loss, higher distributions and FY27 guidance for 15.0 cents per security.

HomeCo Daily Needs REIT delivered stronger FY26 earnings, higher distributions and a 6% lift in portfolio value, supported by resilient leasing performance and property revaluations. The REIT expects funding costs to weigh on FY27 FFO even as it maintains its distribution guidance.

EcoGraf has strengthened the technical and commercial case for its Tanzanian graphite strategy, including a larger Epanko ore reserve and planned downstream processing. But cash fell to A$3.8 million, and auditors flagged a material uncertainty over the company’s ability to continue as a going concern.