Latest Rights Issue News

Mt Malcolm Mines NL has revised its rights issue, lowering the price to $0.007 per share and adjusting the offer ratio to raise $1.81 million. The funds will support a processing plant feasibility study and advance exploration at its Leonora projects.

Fat Prophets Global Contrarian Fund (ASX: FPC) has kicked off a non-renounceable rights issue aiming to raise up to $8.45 million, with directors and a $1 million underwriter backing the offer. The capital raise is designed to boost liquidity, grow assets, and enhance market presence.

The Hydration Pharmaceuticals Company Limited (ASX: HPC) temporarily halted trading to relodge its FY25 Annual Report, revealing a $2.86 million loss driven by US market rationalisation and ongoing cost-cutting.

Fat Prophets Global Contrarian Fund (ASX: FPC) has launched an on-market buy-back of its ordinary shares, set to run from May 2026 to May 2027, signalling a fresh phase in its capital management strategy.

ACDC Metals (ASX: ADC) has acquired an option to earn full ownership of the Mount Jackson gold-silver project in Nevada’s prolific Walker Lane district, backed by a $0.935 million placement and a planned $1.56 million rights issue to fund exploration.

Reach Resources has boosted its Blue Heaven gold resource by roughly 30% to 80,000 ounces, supported by strong metallurgical results and a newly granted mining lease, while progressing a $3.15 million rights issue to fund further exploration and development.

Recharge Metals has completed the acquisition of the Sunset Well Gold Project near Leonora, WA, backed by a $6 million capital raise. The project hosts a 94,500-ounce inferred gold resource with significant exploration upside.

Alara Resources maintained steady copper-gold production at its Al Wash-hi Majaza Mine despite regional geopolitical shipping disruptions, while advancing exploration and managing ongoing legal proceedings in Oman.

Panther Metals has progressed key technical and strategic initiatives during the March quarter, focusing on deeper drilling and metallurgical sampling at Burtville East, while revisiting the Coglia nickel project amid improving market conditions.

Bellavista Resources has secured an 80% stake in the Pickle Crow Gold Project, backed by a 2.8 million ounce high-grade resource and fresh funding of A$16 million to fuel exploration.

Mt Malcolm Mines has delivered a maiden Mineral Resource Estimate of 13,200 ounces across Golden Crown and Dumbarton, while advancing a study on refurbishing a 500,000 tpa CIP plant and preparing for follow-up drilling and funding.

Red Sky Energy bolsters its Innamincka Dome operations with binding AFEs for new wells and a $5.2 million capital raise, targeting near-term production growth and cashflow.