Latest Funding And Finance News

West Wits Mining has transitioned its Qala Shallows project from mobilisation to underground production, delivering first ore to surface and targeting its first gold pour in March 2026. The company has secured substantial funding to support this milestone and future growth.

West Wits Mining has upsized its institutional placement to A$33.74 million, anchored by a $10 million strategic investment from Tribeca Investment Partners, fully funding the Qala Shallows project ahead of first gold pour in March 2026.

Antares Metals (ASX – AM5) announces the acquisition of full interests in two promising Western Australian gold and copper-zinc projects, backed by a $2 million capital raise to fund exploration and drilling in early 2026.

Antares Metals Limited has voluntarily suspended trading of its shares pending a significant announcement about a proposed acquisition and capital raising, expected by 8 December 2025.

Papyrus Australia reported a $112k net operating cash outflow in October 2025, offset by financing activities and R&D tax incentives, maintaining a runway of over five months. Despite a non-recurring legal expense and an investment write-down, the company remains confident in its operational continuity.

VHM Limited has launched a non-underwritten Share Purchase Plan offering eligible shareholders in Australia and New Zealand the chance to invest up to $30,000 at $0.35 per share, a significant discount to recent trading prices. The capital raised will support key development stages of the Goschen Project ahead of a final investment decision in early 2026.

Critica Limited has raised A$8 million in an oversubscribed placement to accelerate development of its Jupiter rare earths project, positioning itself as a key supplier of critical minerals for emerging technologies.

Diablo Resources reported a modest operating cash outflow and significant exploration spending in the September quarter, offset by a recent $2 million capital raise to support ongoing activities.

Southern Palladium has cleared major regulatory hurdles and confirmed robust economics for its Bengwenyama platinum group metals project, supported by a $20 million capital raise to fund next-stage development.

Challenger Gold has raised A$30 million through an institutional placement to fund the ramp-up of its Hualilan gold project and support an extensive drilling campaign ahead of first production in early 2026.

Latrobe Magnesium Limited has received a non-binding Letter of Interest from the U.S. Export Import Bank to finance up to A$200 million for its Stage 2 Commercial Magnesium Plant, aiming to strengthen critical mineral supply chains for the U.S.

Pinnacle Minerals has secured a strategic acquisition of eight critical minerals projects in Idaho and Washington, positioning itself at the forefront of the US critical minerals supply chain. The company also raised $3 million to accelerate exploration and development.