Latest Rights Issue News

Mt Malcolm Mines NL has announced a $2.3 million renounceable rights issue priced at 1.5 cents per share, aiming to fund exploration and development at its Malcolm Gold Project while strengthening its financial position.

Control Bionics has successfully raised $0.6 million through a shortfall placement, reinforcing investor confidence as it accelerates commercialisation of its neurotechnology in assistive communication and emerging sports markets.

Maggie Beer Holdings has raised $3 million through a placement to Frisden Pty Ltd, linked to Maurice Crotti AO, and plans a $2 million rights issue to shareholders at the same discounted price.

Latrobe Magnesium Limited has announced a fully underwritten $10 million equity raise through a $6 million placement and a $4 million rights issue to fund its magnesium production expansion. The capital will support the commissioning of its Demonstration Plant and advance plans for a 10,000 tonne commercial facility.

Latrobe Magnesium Limited has received a non-binding Letter of Interest from the U.S. Export Import Bank to finance up to A$200 million for its Stage 2 Commercial Magnesium Plant, aiming to strengthen critical mineral supply chains for the U.S.

Clara Resources reveals promising scoping study results for its Ashford Coking Coal Project, underpinned by modest capital requirements and strategic infrastructure access. A capital raise is underway to accelerate development and resource expansion.

AuKing Mining is set to complete its acquisition of the Cloncurry Gold Project through a full takeover of Orion Resources, backed by secured short-term funding and a planned capital raise.

Clara Resources Australia Ltd has raised $1.6 million through a placement and a fully underwritten rights issue, aiming to accelerate development of its Ashford Coking Coal Project in New South Wales.

Flynn Gold Limited has reported significant progress in its Tasmanian gold exploration projects, including new high-grade gold discoveries and a successful $5 million capital raise to fund further drilling and development.

Prospech Limited reports steady progress on rare earth element metallurgy at its Korsnäs project and promising gold-silver drill results in Slovakia, backed by a fully subscribed $2.1 million capital raising.

TechGen Metals reports significant exploration progress with new high-grade copper and gold discoveries across multiple projects, supported by a successful $3.77 million capital raise. The company is poised to advance drilling programs amid strong commodity markets.

Scout Security Limited reported a reduced half-year loss of $1.63 million, completed a $4.5 million recapitalisation, and signed a non-binding letter of intent to acquire New York-based Roo Inc., aiming for a combined EBITDA positive future.