Latest Funding News

Volt Resources securities will resume trading after the company outlined a funding plan worth approximately A$6.912 million and confirmed its ongoing ASX compliance. The restart comes with two Tanzanian mining licences cancelled, limited reported cash and a proposed A$1.5 million capital raising yet to be structured.

Environmental Clean Technologies has confirmed MXene formation in two preliminary Flash Joule Heating runs, moving its US-focused programme from laboratory theory to physical product. The harder commercial tests remain ahead: repeatability, customer qualification, scale-up and shareholder approval for the Xenica acquisition and second placement tranche.

Zinc of Ireland has secured firm commitments for a $3.2 million placement to fund ARGO critical-mineral recovery work, VOLTA battery-recycling development and drilling at Kildare. The raise gives the company a defined execution schedule, but adds 180 million new shares before several commercial milestones remain unproven.

RocketDNA has secured $2.23 million through a strategic placement priced at a 2.4% premium to its last traded price. The funding will support xBot hardware deployment, software engineering, cyber-security accreditation and working capital, while major shareholder Daniel Narayan lifts his stake to 19.5%.

FBR’s first Mantis welding robot has passed factory acceptance testing and independent weld inspections, removing the key condition on its sale to Industrial Robotics. The machine will remain in Perth for a paid customer pilot before heading to the United States, with a $198,000 deposit secured.

AuMEGA Metals has uncovered a 100.5 g/t gold float sample at its Intersection Project in Newfoundland, the second-highest-grade sample recorded across its regional portfolio. Two further samples above 23 g/t strengthen the surface signal, although the results remain early-stage and most assays are still pending.

Prodigy Gold has launched a fully underwritten $7.92 million entitlement offer to fund exploration and project approvals, but the capital raising could also lift three existing substantial holders above their current voting stakes. The non-renounceable offer is priced at $0.047 a share, below the stock’s recent three-month low of $0.049.

L1 Global Long Short Fund has raised approximately A$100.9 million from institutional investors, with strong demand allowing L1 Group to place its A$70.1 million entitlement with new shareholders. Retail investors now face a 1-for-2 offer at A$1.76 a share, with up to A$381.7 million still available.

Albright Metals is moving its Golden Pike project towards a scoping study after defining a 54,200-ounce gold resource at Vail Road, including 22,500 ounces in the Indicated category. The company has also improved its cash position through the quarter, but reported only 1.4 quarters of funding based on current operating outflows.

Antilles Gold’s significantly oversubscribed rights issue has expanded into a $3.45 million capital raising, giving the company additional funding while it seeks to lift US sanctions affecting its Cuban joint venture. The extra $900,000 is earmarked largely for La Demajagua drilling, but only if the sanction is removed.

Cynata Therapeutics has launched a fully underwritten $913,000 entitlement offer as it reassesses the future of its Cymerus platform after two major trials failed to demonstrate efficacy. The raise provides short-term funding, but the prospectus warns that further capital may be needed and repeats a material uncertainty over going concern.

The Calmer Co has secured an initial Coles order for its Fiji Kava FZZR Piña Colada 10-pack, with rollout expected across 583 stores from the week commencing 12 October. The launch comes as sales and supermarket distribution of the company’s existing kava range continue to expand.