Latest Funding News

Desert Metals Limited has completed the first tranche of its capital raising, issuing 64 million shares to raise $416,000, with a shareholder meeting planned to approve a second tranche worth $834,000.

Magnetic Resource NL is refining its Lady Julie Gold Project with updated mine designs and infrastructure work, aiming to reduce costs and boost gold recovery ahead of a final optimization report in early 2026.

Following a critical ASIC Inquiry Interim Report, ASX has pledged a strategic reset including a $150 million capital charge and enhanced board independence to restore market confidence.

De.mem Limited has closed a $500,000 unsecured shareholder loan facility to fund the rapid expansion of its recently acquired Core Chemicals business amid strong demand from the gold mining sector.

Boab Metals has successfully raised A$60 million through a two-tranche placement and launched a Share Purchase Plan to complete funding for its Sorby Hills Lead-Silver Project in Western Australia.

Alexium International has acquired Microtek Laboratories’ microencapsulation and phase-change material business, backed by a $6.8 million entitlement offer to strengthen its manufacturing and innovation capabilities in the US.

Pure Resources Limited has raised $1.7 million through a share placement and option issuance to advance its Garnet Hills graphite project, highlighting promising jumbo flake graphite findings.

Metal Bank Limited (MBK) has announced its first formal gold resource estimate at the Seven Leaders Starter Pit, marking a pivotal step towards production in 2026. The 6,300-ounce resource underpins a strategy to leverage existing infrastructure and minimise capital costs.

Medallion Metals has raised $60 million through a placement and share purchase plan to advance its integrated gold-copper development strategy, targeting first production in early 2027.

Embark Early Education has successfully completed a $12 million placement to support its conditional takeover bid for Mayfield Childcare. The capital raise attracted strong backing from existing and new sophisticated investors.

Cann Group Limited has successfully completed a significant debt restructure and equity raising, improving its financial footing and liquidity to support future growth.

Westgold Resources is set to demerge its non-core Reedy and Comet gold projects into a new ASX-listed entity, Valiant Gold, aiming to unlock value and fast-track cash flow through a strategic ore purchase agreement.