Latest Funding Arrangements News

Admiralty Resources has pushed its Mariposa Iron Ore Project into pre-production, completed initial shipments, and raised $7 million in a rights issue, while reporting a $4 million loss for FY25 amid ongoing operational and financial challenges.

Pilot Energy Limited and its subsidiaries have appointed voluntary administrators after failing to secure necessary funding or a strategic partner for their Cliff Head Carbon Storage Project. The company’s shares remain suspended on the ASX as administrators review options to preserve stakeholder value.

Visionflex Group turned the corner with positive operating cash flow in Q4 FY26 and the launch of its unattended access capability, while securing new contracts to expand its virtual healthcare footprint.

Maggie Beer Holdings has delayed signing binding documents for the $10 million Hampers and Gifts Australia acquisition, targeting completion in February 2027 amid ongoing due diligence and funding arrangements.

Galilee Energy has begun drilling its Zydeco-1 well in Louisiana, aiming to unlock a significant conventional gas-condensate resource as part of its US Gulf Coast expansion.

Locate Technologies has agreed to settle its remaining Locate2u revenue royalty by issuing 10 million shares to PURE Asset Management at a significant premium to market price, simplifying funding and improving cash flow.

West Wits Mining has fully repaid its USD 12.5 million Nebari loan facility, unlocking the path to financial close and imminent drawdown of a ZAR 875 million (~USD 53 million) senior loan. This milestone underpins the Qala Shallows Project’s ramp-up to steady-state gold production.

Pilot Energy remains suspended from trading as it pursues strategic funding for its Cliff Head Carbon Storage Project, securing $500,000 in short-term loans to support working capital.

Lotus Resources has halted production at its Kayelekera uranium mine due to acid supply interruptions linked to Middle East geopolitics and acid plant issues, while advancing export permits and pursuing new funding arrangements.

Nexsen has locked in over $1.5 million in non-dilutive funding through a national research partnership, accelerating manufacturing scale-up and platform optimisation for its rapid diagnostics technology.

Babylon Pump & Power is steering through a strategic reset with its rental business booming and new funding arrangements in place, aiming to resume trading by August 2026.

Iron Bear Resources has received the fourth tranche of USD 2 million from Vale, advancing the development of its Iron Bear iron ore project in Canada. This latest funding supports critical operational milestones including drilling and the Pre-Feasibility Study.