Latest Working Capital News

Eastern Gas Corporation Limited is set to raise $5.5 million through an IPO to fund drilling and flow testing at its Queensland gas exploration permits, aiming to prove commercial viability in the Surat and Cooper Basins.

Catalina Resources has divested its Nelson Bay River iron ore project and secured a capital injection from Newcam Metals at a significant premium, bolstering its financial position for future exploration.

Anax Metals has released an updated Definitive Feasibility Study for its Whim Creek Copper Project, confirming robust economics with a pre-tax NPV of A$501 million and an IRR of 98%, underpinned by a 10-year mine life and rapid payback.

SKS Technologies Group has reported a robust half-year performance, driven by a landmark $130 million data centre contract and a strategic acquisition, positioning it strongly for FY26 growth.

Janison Education Group reported a 2% revenue increase and a 25% rise in reported EBITDA for the half-year ending December 2025, while narrowing its net loss. The company is investing in AI-enabled platform capabilities and managing contract changes to strengthen future growth.

TerraCom Limited has successfully raised approximately $1.1 million through a share placement to existing shareholders, aiming to bolster its working capital and financial position.

Vulcan Steel reported an 8.6% revenue increase to NZ$535.4 million for the half-year ending December 2025, driven by its Roofing Industries acquisition and Steel segment growth, despite a 9.7% drop in net profit after tax.

Recharge Metals Limited has launched a pro-rata entitlement issue to raise $2.06 million, alongside a $3.97 million placement and a strategic acquisition of the Sunset Well Project in Western Australia. The capital raising aims to fund exploration and working capital, but shareholders face significant dilution and funding risks.

Waterco Limited reported a modest revenue decline but delivered a strong 13% rise in net profit after tax for the half year ended December 2025, driven by improved margins and operational efficiencies. The company declared a 7 cent fully franked interim dividend and is advancing its manufacturing footprint in Malaysia.

Morella Corporation has raised A$2.1 million through a placement to fund drilling at its Mt Edon Rubidium–Lithium Project, marking a key step toward defining a maiden mineral resource estimate.

Westar Resources is set to raise $1.49 million through a two-tranche share placement aimed at funding exploration and new project due diligence. The placement features discounted share prices and awaits shareholder approval for the larger second tranche.

Aerometrex Limited has reported a robust half-year performance with record revenue growth and a dramatic increase in EBITDA, signalling strong operational momentum as it advances its SaaS transition.