Latest Rights Issue News

Corella Resources has successfully raised over $1 million through a Rights Issue and Placement, positioning itself to advance exploration and development at its Tampu Project and other tenements.

Latrobe Magnesium Limited has addressed ASX concerns over recent share price and volume spikes, attributing the market activity to recognition of its asset value and the imminent start of its demonstration plant.

Macarthur Minerals has updated its rights issue prospectus, introducing a cap on the underwriter's shareholding and revising key offer terms. These changes aim to balance funding needs with shareholder control and regulatory compliance.

Macarthur Minerals has extended the timetable for its A$2 million renounceable rights issue, providing shareholders additional time to participate amid ongoing regulatory scrutiny by ASIC. The company confirms no changes to the offer terms and expects to lodge an updated Supplementary Prospectus shortly.

Zenith Minerals has secured final Turkish regulatory approval for the sale of its Kavaklitepe Gold Project stake, unlocking approximately A$830,000 in cash proceeds. This milestone paves the way for the company to accelerate exploration at its core Australian gold assets.

Australian Rare Earths Limited (ASX, AR3) reports strong progress in rare earth recovery and uranium exploration, alongside a successful capital raise and strategic U.S. government registrations.

Mirrabooka Investments reports a 26% drop in net profit for FY25 but maintains its fully franked dividend, supported by a significant $85 million capital raise. The fund’s portfolio return lags the benchmark amid sector headwinds, yet long-term performance remains robust.

Macarthur Minerals Limited has updated the timetable for its A$2 million renounceable rights issue, allowing shareholders more time to participate. The company also clarified an earlier announcement, confirming its agreement with Gold Valley Yilgarn Pty Ltd pertains only to the Lake Giles Hematite Project, not the Moonshine Magnetite Project.

Zenith Minerals has unveiled a significant Exploration Target of 0.3 to 0.8 million ounces of gold at its Consolidated Dulcie Project in Western Australia, backed by a fully funded drilling campaign commencing late July 2025.

Bass Oil Limited reported a 4% rise in June oil production alongside advancing plans to acquire the Vanessa gas field, signaling a strategic pivot towards gas sales and resource expansion.

Hydralyte USA has completed its Rights Issue by placing 5 million shortfall shares, raising a total of $608,878 before costs. The move finalizes the company’s recent capital raising efforts under full regulatory compliance.

Zenith Minerals has successfully raised A$3.5 million through a fully underwritten rights issue, positioning the company to fast-track exploration and resource growth at its key gold projects in Western Australia and Queensland.