Latest Institutional Placements News

WA1 Resources has ended FY26 with a larger, higher-confidence Luni niobium resource, encouraging processing results and A$123.8 million in cash. The project now moves towards a targeted Q4 CY2026 Pre-Feasibility Study, with permitting, funding and commercial viability still ahead.

Bannerman Energy has opened a non-underwritten share purchase plan targeting approximately A$10 million to support construction and working capital at its Etango uranium project in Namibia. The offer gives eligible Australian and New Zealand shareholders access to the same A$4.00 issue price as the company’s A$124 million institutional placement.

Rox Resources has crossed the line from explorer to mine developer, with Youanmi underground mining underway, the processing plant under construction and a target of first gold in mid-2027. The project is financed on paper, but the A$350 million debt package remains subject to conditions precedent and the construction schedule still has to survive execution.

Investigator Silver has used FY26 to move the Paris Silver Project from feasibility study toward development, backed by A$58.8 million in cash and a maiden ore reserve. The company still faces the harder tests of permitting, financing and construction before its projected silver production can become reality.

FBR has opened a fully underwritten A$2.5 million share purchase plan to fund testing and commercialisation of its Mantis and Hadrian robotics platforms. Eligible shareholders can subscribe at the lower of A$0.115 or a discounted five-day VWAP, with one five-year option attached to each share issued.

L1 Gold Fund has completed its retail entitlement offer, taking its latest equity raising to approximately A$375.4 million. L1 Group has also subscribed for A$42 million through the remaining shortfall offer, while the final allocation remains open.

Bannerman Energy has completed a fully underwritten A$124 million institutional placement, giving the Etango uranium project a funding pathway through construction and ramp-up. The company now turns to a targeted Q4 2026 Final Investment Decision, while a further non-underwritten shareholder offer could raise up to A$10 million.

Polymetals Resources moved its Endeavor silver-zinc-lead mine from restart to commercial production in FY2026, generating A$100.0 million in revenue. The milestone came alongside a A$47.0 million loss, negative operating cash flow and an auditor warning over going-concern uncertainty.

Manuka Resources has secured A$14.5 million through a placement to fund finishing its silver de-slime circuit and accelerate production at Wonawinta, targeting first gold sales by September and silver revenues from January 2027.

Brightstar Resources has secured over A$380 million in funding to fully finance its Goldfields Project, commencing construction of a 1.5Mtpa Laverton processing plant with first gold targeted mid-2027, while expanding its Sandstone resource base to 2.9Moz.

FireFly Metals has raised approximately A$180 million through a dual-market equity raising to accelerate development of its Green Bay Copper-Gold Project in Newfoundland, Canada.

Maronan Metals has marked a transformative year with a positive Preliminary Economic Assessment, grant of a key Mineral Development Licence, and two capital raises totaling nearly A$40 million, positioning the company for accelerated development of its Queensland silver-lead and copper-gold project.