Latest Funding News

Spenda Limited has completed the retail tranche of its $8.545 million entitlement offer, raising $1.15 million at $0.004 per share, with major shareholder Capricorn Society increasing its holding to nearly 20%.

Daly Resources has won $150,000 in Northern Territory Government funding to conduct a major airborne electromagnetic survey at its Broughton copper-zinc project, aiming to refine exploration targets in the McArthur Basin.

Russell Investment Management has announced a substantial final distribution for the Australian Responsible Investment ETF (ASX: RARI), delivering 115.0944 cents per unit with a notable franking component. Key dates for investors to note include the ex-distribution on June 30 and payment on July 15.

Pure Resources has achieved peer-reviewed validation and in-house production of carbon nanotube fibre fabrics, demonstrating directional heat routing capabilities that could redefine thermal management in data centres and defence electronics.

Krakatoa Resources (ASX: KTA) has raised $1.6 million through a placement to fund its 2026 drilling and development program at the Zopkhito Antimony-Gold Project. The capital will support efforts to convert a foreign resource estimate into a JORC-compliant Mineral Resource Estimate, alongside metallurgical and environmental studies.

Sentinel Metals has locked in a $15 million institutional placement to fund its acquisition of the 1.01Moz Big Springs Gold Project in Nevada, positioning itself as a growing North American gold player.

Mandrake Resources has secured access to produce bulk lithium brine from a key Utah well, enabling critical technical evaluations that will underpin upcoming Scoping Studies and support development of its 3.3Mt lithium resource.

Diablo Resources has secured final permits to start a maiden diamond drilling program at its high-grade North Star Prospect in Utah, targeting silver, antimony, and copper. The company also completed the second tranche of a $3.5 million placement to fund exploration and the Horn Silver acquisition.

Genesis Minerals has tabled a binding A$5.6 billion merger proposal for Vault Minerals, offering a mix of shares and cash that values Vault at a premium to a rival bid. The combined entity would dominate the Leonora-Laverton gold district with significant operational synergies and a strong balance sheet.

AuMEGA Metals appoints Rafael Gradim as President, replacing Michael Skead, to spearhead exploration across its significant Newfoundland gold portfolio.

Patronus Resources has hit high-grade gold well below the historical pit at its Tally Ho deposit in the Northern Territory, signalling promising depth extensions and a fresh mineralised zone.

Eminence Minerals has sold its non-core Mata da Corda Project in Brazil for USD 2 million, boosting its cash reserves and sharpening focus on priority assets.