Latest Share Placements News

AoFrio Limited has secured NZ$4.56 million through a share placement to existing investor Wairahi Investments, underpinning a bold strategy to boost revenue growth to 25% annually. A follow-up rights issue will allow current shareholders to participate at the same price.

Variscan Mines (ASX:VAR) has secured $690,000 in the first tranche of a $5 million placement, issuing 174 million shares at $0.004 each to new sophisticated investors. The capital raise supports ongoing development at the Novales-Udias zinc-lead project in Spain, which recently reported a JORC resource.

CuFe Ltd secures a strategic $15.35 million investment from Pan African’s Tennant Consolidated Mining Group, aiming to fast-track its Gecko and Orlando copper-gold projects in Tennant Creek with enhanced technical collaboration and board representation.

Helix Resources has secured $668,286 through a placement of over 534 million shares at $0.00125 each, aiming to fund its copper and gold projects across Arizona and New South Wales.

PLC Resources has secured A$1.8 million through a share placement to fund expanded drilling and exploration at its Yalgoo and Abbotts North gold projects in Western Australia, marking a key step in advancing resource potential.

Augustus Minerals has raised $2.5 million through a share placement to fast-track drilling at its flagship Music Well project and advance exploration across its Western Australian and Papua New Guinea assets.

Reach Resources has locked in a binding option with Andel Resources that fully funds mining and processing at Murchison South, with a profit-sharing model and a strategic equity investment.

Xenitra Limited's OPAL Real World Asset tokenised sales ecosystem has generated over $500,000 in sales within its first month, onboarding more than 130 distributors and positioning the company as an early mover in blockchain-enabled FMCG sales in China.

DGR Global has invested $3 million in Savannah Goldfields through a $1.5 million gold production royalty and a $1.5 million share placement, securing a foothold in North Queensland’s gold sector with potential for significant cash flow and exploration upside.

Elevra Lithium has raised A$275 million through a fully underwritten institutional placement to fund its North American Lithium expansion and Moblan project development, supported by strong institutional demand.

Zimi Limited has increased its placement commitments by A$100,000 from a sophisticated investor, bringing total funds raised to A$1.56 million ahead of shareholder approval.

GreenTech Metals has raised $7.5 million through an oversubscribed placement to accelerate exploration and development at its Munni Munni and Whundo projects in Western Australia's West Pilbara.