Latest Underwriting News

Harmoney has reaffirmed its FY26 cash NPAT guidance of $13 million, propelled by robust loan origination growth, margin improvements, and operational efficiencies from its Stellare® 2.0 platform.

Syrah Resources has closed its retail entitlement offer, securing A$61 million and pushing total equity raised to A$104 million. AustralianSuper’s stake will approach half the company as Syrah prepares to fund key projects and advance strategic funding talks.

Terramin Australia has advanced its flagship Tala Hamza Zinc Project into early development with strong Algerian government backing and a revised 2.0Mtpa mining study. Meanwhile, a court ruling returned the Bird in Hand Gold deposit to the company, prompting strategic reviews, all while the group manages a tight cash position supported by a recent $1 million share placement.

KMD Brands has wrapped up a fully underwritten entitlement offer and placement, raising NZ$65.3 million to reduce net debt and shore up its balance sheet ahead of executing its growth plans.

VHM Limited has secured A$5 million through a fully underwritten placement priced at A$0.26 per share, funding critical early engineering and procurement ahead of a mid-2026 final investment decision for its Goschen Rare Earth and Mineral Sands Project.

Red Sky Energy is raising approximately AUD 4.2 million through a fully underwritten non-renounceable rights issue priced at 0.1 cents per share. The capital will fund participation in Santos-operated wells and support ongoing operations.

National Australia Bank is adjusting its credit provisioning and capital policies in response to market volatility from the Middle East conflict, with significant impacts on its 1H26 earnings and balance sheet.

The ACCC has escalated its scrutiny of Insurance Australia Group’s proposed takeover of RAC Insurance, citing potential substantial lessening of competition in Western Australia’s motor and home insurance markets.

The ACCC has escalated its review of Insurance Australia Group’s proposed takeover of RAC Insurance, flagging significant competition concerns in Western Australia’s motor and home insurance markets.

American Uranium (ASX:AMU) has kicked off a $2.58 million pro rata rights issue at a 3.1% discount to fund expansion drilling and technical studies at its flagship Lo Herma ISR Uranium Project ahead of a Q3 scoping study.

Contact Energy Limited has issued 4.99 million shares at NZ$9.42 each as scrip consideration to acquire a stake in King Country Energy. The shares will be escrowed for 12 months, marking a strategic expansion without a capital raise from existing shareholders.

McLaren Minerals has announced a fully underwritten Share Purchase Plan targeting A$1.5 million at a 15.5% discount, offering eligible shareholders free attaching options. The capital will support feasibility studies and exploration at its key projects.