Latest Market News

Tennant Minerals (ASX:TMS) has launched a prospectus offering more than 800 million new options, aiming to clear trading restrictions and raise funds for advancing its Bluebird project and broader exploration activities.

Resimac Group Ltd (ASX:RMC) has explained the late filing of a director’s change of interest notice as an administrative oversight and plans refresher training to reinforce compliance.

Somerset Minerals has dispatched its entitlement offer prospectus to shareholders, opening a non-renounceable offer from 9 July to 22 July 2026. The capital raising supports ongoing exploration at its Nunavut copper projects.

Pantoro Gold's FY2026 gold output fell below expectations due to contractor and labour shortages, prompting a strategic operational review. The company targets 90,000 to 105,000 ounces in FY2027 with a stabilisation-first approach and significant investments in new ore sources and infrastructure.

Axel REE is progressing its low-cost in situ recovery (ISR) rare earth strategy in Brazil with field trials planned at its Woolrich deposit, while confirming ongoing assay programs with no undisclosed material information.

Xingye Gold has increased its takeover bid for Far East Gold to $0.15 per share, conditional on securing majority ownership by 21 July 2026, and extended the offer period to 29 July. The improved price offers a significant premium amid ongoing project and financial risks at Far East Gold.

Meteoric Resources has surged its Measured Resources by 246% to 128 million tonnes at its Caldeira Rare Earth Element Project in Brazil, significantly de-risking the upcoming Definitive Feasibility Study and underpinning future development plans.

Heavy Rare Earths Limited has extended the known mineralised strike at its South Ridge Tin Project to 1.85km and secured all drilling approvals, enabling an expanded drilling campaign aimed at defining a maiden resource.

Arafura Rare Earths has wrapped up the second tranche of its A$350 million placement, issuing over 671 million shares and raising A$174.5 million. The company is also finalising its share purchase plan with results due next week.

Titanium Sands Limited (ASX:TSL) has launched a fully underwritten offer of up to 242.7 million New Options to holders of its expired TSLOA Options, aiming to raise approximately $243,000 before expenses. The offer includes a substantial bonus component and options allocated to CPS Capital as fees for managing a $1.2 million loan.

Rimfire Pacific Mining has engaged UK-based Xcelsior Capital Advisors to support funding, government relations, and marketing for its NSW scandium projects, leveraging Xcelsior’s ties to the Wogen group and global critical minerals networks.

Archer Materials made significant strides in quantum chip fabrication and quantum neural network fraud detection, while progressing its Biochip beta prototype. A $7 million placement post-quarter strengthens its financial position to accelerate development and commercialisation.