Latest Funding News

Mt Malcolm Mines has successfully closed a $1.04 million rights issue, securing capital to advance a processing plant feasibility study and exploration at its Malcolm Gold Project in Western Australia.

Anax Metals has raised $6 million through a placement of 176 million shares at 3.4 cents each, expanding its capital base without shareholder approval by utilising existing ASX placement capacity.

Magellan Financial Group has won unconditional ACCC approval to merge with Barrenjoey Capital Partners, aiming to complete the deal by early July and rebrand as Barrenjoey Group pending shareholder approval.

Great Northern Minerals has unveiled a maiden Inferred Mineral Resource Estimate at its Iron Butte Gold-Silver Project in Nevada, quantifying 480,000 ounces of gold and 11.5 million ounces of silver. The deposit remains open for expansion, with drilling planned for Q3 2026 backed by $3.9 million in cash.

Cassius Mining Limited is issuing bonus options to eligible Australian and New Zealand shareholders, offering one new option for every eight shares held. These options carry a 3-cent exercise price and expire in mid-2029, aiming to reward loyalty without raising new capital.

DigiCo Infrastructure REIT has agreed to sell its LAX1 and LAX2 data centres at cost, aiming to recycle capital into its higher-returning SYD1 development. The sale, expected in the first half of FY27, will lift available liquidity to about $1 billion following the earlier Chicago sale.

Microba Life Sciences secures $5 million in a placement led by Sonic Healthcare to fund its push towards cashflow break-even by 2027, backed by strong diagnostic sales and AI-driven efficiencies.

Electro Optic Systems (ASX:EOS) has dramatically expanded its Share Purchase Plan from $25 million to $40 million after receiving $95 million in applications, reflecting robust support from retail investors. Approximately 5 million new shares will be issued at $8.00 each, matching recent institutional pricing.

Vitrafy Life Sciences has secured A$30 million through an institutional placement to ramp up manufacturing of its Guardion cryopreservation devices and expand US sales operations, with an additional A$2 million sought via a shareholder plan.

MRG Metals has lodged a key Mining Right Conversion Application in South Africa for its Garies Rare Earth Project, setting the stage for scalable mining development supported by strong metallurgical results and a modular processing approach.

TZ Limited has voluntarily suspended trading of its shares on the ASX as it prepares to announce a significant capital raising. The suspension aims to ensure compliance with disclosure rules while the transaction is finalised.

Reach Resources has locked in $6.05 million in fresh capital, including a $2 million option fee from Andel Resources, positioning the company to accelerate development at its Murchison South gold project.