Latest Rights Issue News

Mt Malcolm Mines has successfully closed a $1.04 million rights issue, securing capital to advance a processing plant feasibility study and exploration at its Malcolm Gold Project in Western Australia.

Reach Resources has locked in $6.05 million in fresh capital, including a $2 million option fee from Andel Resources, positioning the company to accelerate development at its Murchison South gold project.

Alice Queen Limited has pushed back the closing date for its partially underwritten rights issue to 19 June 2026, giving shareholders more time to subscribe at 0.9 cents per share.

ACDC Metals has reported promising surface assays from its Mount Jackson project in Nevada, with gold grades up to 2.35 g/t and copper reaching 14.9% at key zones. The company is advancing towards a maiden drilling program in Q4 2026 backed by ongoing capital raising.

Lindian Resources has cancelled 13 million performance rights held by a former executive chairman, sparking uncertainty as a potential $10 million claim looms.

Yari Minerals has rebranded as Yari Resources and appointed Courtney Taylor as Managing Director to sharpen its focus on Queensland’s Bowen Basin coal assets. The company is advancing its Rolleston South project with a technical review and performance incentives for directors.

AoFrio Limited has initiated a 1-for-7 renounceable rights offer at NZ$0.07 per share aiming to raise nearly NZ$5 million. This follows a recent $4.56 million placement and supports an aggressive growth strategy targeting $300 million revenue by 2030.

Alice Queen Limited has pushed back the closing date of its $5.77 million rights issue to 12 June 2026, giving shareholders more time to subscribe at 0.9 cents per share. The extension reflects the company's effort to maximise shareholder involvement ahead of the planned capital raise completion.

A US court has dismissed Identitii's patent infringement claim against JPMorgan Chase, citing patent ineligibility. Identitii plans to appeal, while its core business remains unaffected.

Canadian Phosphate (ASX: CP8) is raising up to AUD 4.85 million via a renounceable rights issue at a 22% discount, aiming to accelerate development of its newly acquired Diamond Mountain Project in Utah and advance exploration in Canada.

New Talisman Gold Mines boosted revenue by 121% to NZ$53,000 but posted a $2.26 million net loss as it commissioned a processing plant and secured key commercial agreements.

VRX Silica has kicked off a $6.23 million renounceable entitlement offer, underwritten to $2 million, to fund key development activities at its Arrowsmith North silica sand project including a strategic property purchase and engineering works.