Latest Share Purchase Plans News

Bannerman Energy has moved its Etango uranium project materially closer to construction after completing a A$124 million placement and clearing conditions for its CNOL strategic investment. The project is advancing on site, but full-scale construction still depends on Final Investment Decision and completion of the joint venture documentation.

Western Yilgarn expanded its inferred bauxite inventory to 244Mt and added gallium, tellurium, cobalt, scandium and gold targets during FY2026. But the explorer ended the year with $159,481 in cash, a $1.78 million loss and an auditor warning that further funding is required to continue planned activities.

Prescient Therapeutics has raised approximately $6 million through its Share Purchase Plan and a shortfall placement, giving PTX-100 additional funding beyond a key clinical review in December. The next test is whether early results support a move into Phase 2b development.

Strategic Energy Resources (ASX:SER) narrowed its FY26 loss and lifted cash to $1.84 million while advancing four Queensland copper-gold projects with Fortescue and Sumitomo. But auditors flagged a material uncertainty over the explorer’s ability to continue as a going concern, leaving future funding central to the investment case.

Tuas Limited (ASX:TUA) delivered a sharp FY2026 earnings lift as Simba’s mobile and broadband subscriber base expanded, with statutory profit rising 277% to S$26.0 million. The result arrives with the M1 acquisition abandoned, S$364.5 million raised but not yet allocated, and an unresolved Singapore spectrum investigation.

MyEco Group is seeking up to $1.5 million through a discounted, non-underwritten share purchase plan to expand council and waste management sales, retail distribution and its eco-home range. The final issue price and amount raised remain uncertain, with the company retaining the option to scale up the offer or pursue a follow-on placement.

Cadence Opportunities Fund has raised $5.7 million through a strongly supported share purchase plan and placement, increasing the company’s net tangible assets by 17%. The new shares will also qualify for upcoming fully franked dividends.

McLaren Minerals has moved its flagship McLaren Titanium Project into bankable feasibility, backed by a 529 million tonne resource and a 663-hole drilling campaign. But the pre-revenue explorer remains reliant on further funding, with the Barossa acquisition still conditional and 118.4 million options issued after year-end.

Bannerman Energy has opened a non-underwritten share purchase plan targeting approximately A$10 million to support construction and working capital at its Etango uranium project in Namibia. The offer gives eligible Australian and New Zealand shareholders access to the same A$4.00 issue price as the company’s A$124 million institutional placement.

Rox Resources has crossed the line from explorer to mine developer, with Youanmi underground mining underway, the processing plant under construction and a target of first gold in mid-2027. The project is financed on paper, but the A$350 million debt package remains subject to conditions precedent and the construction schedule still has to survive execution.

ABx Group has locked in approximately $4.1 million through a placement and fully underwritten share purchase plan, with strategic partner Good Importing International committing $1 million. The funding will support the Deep Leads rare earths project and construction and commissioning of the ALCORE pilot plant, but comes with substantial new equity and options.

WasteCo Group has extended the closing date of its share purchase plan by six days, allowing eligible shareholders until 30 September to apply for new shares. The company has not disclosed the level of applications received or the eventual funds to be raised.