Latest Working Capital News

WA Kaolin Limited has halted its 2026 offtake agreement with Dak Tai Trading following an ASX notification of a Listing Rule 10.1 breach. The company plans to seek shareholder ratification by mid-May while continuing ad hoc sales under arm's length terms.

Beetaloo Energy Australia Limited has announced a non-underwritten placement and a follow-on share purchase plan to raise approximately A$66.3 million at a discounted price, aiming to finance the completion of the Carpentaria Gas Plant and advance development activities targeting first gas sales in late 2026.

Jindalee Lithium Limited's US subsidiary, HiTech Minerals, has signed a binding agreement with Constellation Acquisition Corp I to form US Elemental Inc., a NASDAQ-listed company holding the McDermitt Lithium Project. The transaction values the new entity at approximately US$571 million enterprise value, with Jindalee retaining majority ownership.

WA Kaolin Limited has initiated a partially underwritten pro-rata non-renounceable rights offer to raise up to $34.9 million, aiming to reduce debt, fund plant improvements, and restore working capital amid ongoing ASX suspension.

Nagambie Resources has completed all conditions precedent following strong shareholder approval for an earn-in joint venture with Alkane Resources, enabling Alkane to acquire up to an 80% interest through staged funding over five years.

Elanor Investors Group posted a net loss after tax of $13.8 million for the half year ended 31 December 2025, with no interim distribution declared. The group is progressing a strategic recapitalisation with Rockworth Capital Partners to strengthen its balance sheet amid ongoing financial challenges and material uncertainty about its ability to continue as a going concern.

Scout Security Limited posted a $10.5 million net loss for the half-year ended 31 December 2025, driven largely by a $9.1 million goodwill impairment linked to its acquisition of Roo Inc. The company raised capital and secured new partnerships while facing ongoing going concern uncertainties.

Tamboran Resources Corporation has secured up to US$198 million through a combination of public and entitlement offers to fund expanded drilling and resource delineation in the Beetaloo Basin, aiming for first gas sales by Q3 2026.

Sandon Capital Investments Limited (ASX:SNC) has announced a Share Purchase Plan (SPP) offering eligible shareholders the opportunity to buy new shares at a 4.1% discount to the recent closing price, aiming to raise up to $10.7 million to support working capital and investment growth.

Zinc of Ireland NL (ASX: ZMI) has entered a binding agreement to acquire Dutch metals technology company Meclex, integrating proprietary hydrometallurgical processes ARGO and VOLTA with its Kildare Zinc project. The company also announced a $5.5 million placement to support exploration and technology development alongside new board appointments.

American Uranium Limited (ASX:AMU) has secured A$2.64 million through a placement after upgrading its Lo Herma uranium resource to 9.45 million pounds eU3O8 with improved grade. The company also plans a non-renounceable rights entitlement offer to raise up to A$2.58 million, supporting further drilling and technical studies ahead of a Q3 2026 Scoping Study.

Careteq Limited has finalised the sale of its Embedded Health Solutions subsidiary for approximately $5 million, repaid related vendor loans, and plans to concentrate on growing its HMR Referrals platform amid ongoing regulatory and compliance considerations.