Latest Funding News

Galilee Energy has appointed a US Advisory Board to drive its Gulf Coast oil and gas expansion, targeting low-risk brownfield assets. The company’s maiden Zydeco-1 well in Louisiana is set to spud in Q2 2026, marking a key milestone in its US growth strategy.

Great Western Exploration is set to begin drilling nine copper-gold targets in the Yerrida Basin, backed by a $3.75 million capital raise and strong cash reserves. The campaign kicks off mid-April at the Oval target, which shows promising geological parallels to the nearby DeGrussa deposit.

Vinyl Group has locked in a $10 million unsecured loan from its Non-Executive Chairman to fund the acquisition of Val Morgan Digital and support working capital needs.

Fiducian Investment Management Services Limited has reached a heads of agreement with ASIC to resolve civil proceedings over misleading disclosures in its Diversified Social Aspirations Fund. The settlement includes a $7.3 million penalty and legal costs, pending court approval.

Global X Management (AUS) Limited has released updated estimated distribution amounts for a suite of its ETFs for the March 2026 period, alongside key dates for investors to note.

Auric Mining Limited reported a near doubling of net profit to $5.2 million for 2025, marking its successful transition to a gold producer with key operational milestones at Munda and the acquisition of Burbanks processing facility.

WA Kaolin Limited has announced a partially underwritten pro-rata rights offer to raise up to $34.9 million, aiming to reduce debt and provide working capital to stabilise its Wickepin kaolin operations amid ongoing ASX suspension.

Empire Resources has completed the second tranche of its share placement, raising nearly A$2 million following shareholder approval. This capital boost supports the company’s ongoing exploration ambitions in Western Australia’s gold and copper sectors.

Cobre Limited has completed a $60 million capital raise to acquire majority ownership of the Sierra Atacama Copper Mine in Chile, marking its transition from explorer to producer. Meanwhile, substantial shareholder Sinomine has increased its investment in Cobre’s Botswana copper project.

Genetic Technologies Limited remains under voluntary administration while progressing a Deed of Company Arrangement and has completed the sale of its geneType business, ending the quarter with $270,000 in cash.

Blue Star Helium has successfully raised A$10 million through an oversubscribed placement, positioning itself to accelerate production at its Galactica and Pegasus helium projects.

State Gas Limited has decided against proceeding with the sale of its High Density Natural Gas Pilot Plant after failing to finalise terms, while its R&D tax incentive claim remains under extended review by the ATO.