Latest Options Exercise News

Loyal Metals has exercised its option to acquire 100% of the Highway Reward Copper-Gold Mine in Queensland, triggering the sale agreement and setting the stage for full ownership by H2 2026. This move follows extensive exploration that confirmed the project's exceptional grade and scale.

Mindax Limited pushes forward its vision for a Mid-West iron ore processing hub with metallurgical testing and strategic investments, while managing a cash runway under one quarter and preparing further capital raises.

European Resources Limited (ASX: ERE) has repriced and relaunched a renounceable rights issue to raise up to $3.4 million, partially underwritten by Mahe Capital for $1.5 million, to fund metallurgical and exploration work at its Korsnäs rare earth project in Finland and Slovakian tenements.

TZ Limited has raised $810,000 through a placement of 16.2 million shares at 5 cents each, with one free attaching option per share subject to shareholder approval.

Clara Resources has appointed Duncan Gordon as Executive Director, signalling a strategic pivot to accelerate exploration at its Mareeba Gold Project in North Queensland. Former Managing Director Peter Westerhuis steps down but remains as a consultant.

Solstice Minerals has successfully closed a $32.6 million placement and raised an additional $0.81 million through option exercises, issuing nearly 35 million new shares now available for immediate trading.

Jameson Resources has secured A$3 million through a discounted share placement to advance critical environmental approvals and Indigenous engagement for its Crown Mountain coal project in British Columbia, aiming to submit the final application by late 2026.

Canyon Resources advances its Minim Martap Bauxite Project with trial mining underway and first ore shipment set for Q3 2026, while navigating executive departures and solidifying funding.

Megado Minerals Limited has secured A$1.65 million through a placement and director subscription to fund drilling and exploration at its Iberian Copper and Alpartir Silver-Copper projects in Northern Spain.

European Resources Limited has withdrawn its March 2026 renounceable rights issue following shareholder feedback and market conditions, replacing it with a repriced April offer to raise approximately $3.4 million, underwritten for $1.5 million by Mahe Capital.

Lumos Diagnostics Holdings Limited (ASX: LDX) has opened a Share Purchase Plan (SPP) offering eligible shareholders the chance to invest up to A$30,000 at A$0.225 per share, accompanied by free options. The SPP aims to raise up to A$2 million and closes on 24 April 2026.

Red Sky Energy has secured full underwriting for its 2-for-3 non-renounceable rights issue to raise approximately AU$4.2 million, supported by sub-underwriting commitments from related parties. Concurrently, the company has initiated a cost reduction program including a 25% pay cut for senior management and staff reductions.