Latest Options Exercise News

Riversgold Ltd has exercised its option to acquire an 80% interest in the Kalgoorlie Gold Project after surpassing the minimum expenditure threshold, setting the stage for expanded drilling and potential mining lease conversion.

Rapid Lithium has successfully placed the full $1 million shortfall from its recent entitlement issue, positioning the company to advance exploration projects in Canada and the USA.

QMines Limited has raised $6 million through a strongly supported placement, positioning the company to accelerate exploration and development at its Mt Chalmers and Develin Creek copper and gold projects.

DomaCom has raised $1.5 million through a private placement with MFL Properties, replacing a prior deal and reinforcing its financial footing to advance technology and investment solutions.

MinRex Resources has closed its pro-rata non-renounceable entitlement option offer, raising $97,581 with a significant shortfall still available for subscription over the next three months.

Eagle Mountain Mining has issued over 202 million new shares and 50 million options, raising $1.62 million through its recent entitlement offer. The company is poised to complete the underwritten shortfall, potentially increasing its capital base further.

Scorpion Minerals has expanded its footprint in the Murchison Gold Province through a strategic farm-in and joint venture agreement with E79 Gold Mines, aiming to earn a 70% stake in the Jungar Flats Gold Project. Supported by a $1.5 million placement, the company is poised to commence drilling on high-grade targets imminently.

Benz Mining has exercised its option to acquire additional tenements adjacent to the Glenburgh Gold Project, extending its potential gold strike by over 20km and reinforcing its exploration ambitions in Western Australia.

FireFly Metals Ltd reported a reduced half-year loss of A$5.7 million for December 2024, bolstered by a significant increase in cash reserves and strategic asset acquisitions in Canada and Australia.

Tivan Limited has secured $9 million through a share placement backed by institutional and sophisticated investors, aiming to fund key fluorite and vanadium projects alongside general working capital needs.

Miramar Resources has secured $1.8 million through a share placement to accelerate gold and critical minerals exploration, focusing on the promising Gidji JV Gold Project near Kalgoorlie.

Kalgoorlie Gold Mining is set to begin follow-up RC drilling at its promising Lighthorse gold discovery in early March 2025, aiming to unlock deeper mineralisation and expand the resource footprint.