Latest Working Capital News

Patrys Limited has raised $358,362 through a share placement and announced significant board changes, including the appointment of Dr Anton Uvarov and Mr Peter Christie, alongside making the CEO role redundant.

Chimeric Therapeutics has secured a $2.5 million advance against its FY25 R&D tax incentive, bolstering funding for its clinical trial pipeline and operational needs. This move complements recent capital raises and underscores the company’s strategic financial management amid its oncology-focused cell therapy development.

Mineral Commodities Ltd reveals delays in receiving the final payment for its Skaland Graphite Project sale, with interest rates on outstanding amounts now sharply increased.

Aguia Resources has locked in $750,000 through convertible notes to bolster working capital, pending shareholder approval expected in mid-July. The notes carry a 10% interest rate and come with free options, signaling cautious optimism about the company’s near-term funding needs.

Careteq Limited has raised $625,000 through a convertible note from investor Antanas Guoga and loans from its board, strengthening its working capital position for the medium term.

Breakthrough Minerals has completed the acquisition of the Errolls Gold Project in Western Australia and raised $1.2 million to fund an upcoming drilling program targeting high-grade gold mineralisation.

S2 Resources has raised A$3.5 million through a placement and share purchase plan to fund exploration across multiple Australian gold and base metal projects. The capital injection aims to maintain momentum while balancing shareholder interests.

Botanix Pharmaceuticals has secured a US$30 million debt facility from Kreos Capital, bolstering its financial position to commercialize Sofdra™ and pursue platform expansion opportunities.

Prodigy Gold NL has announced a non-renounceable entitlement offer aiming to raise approximately $6.35 million to fund exploration and development across its key gold projects in the Tanami region. The offer is partially underwritten, providing a degree of funding certainty amid ongoing market and operational risks.

Conico Ltd has resolved a significant legal dispute with Cartwright Drilling and announced a $2.09 million recapitalisation plan involving convertible loans, a rights offer, and a share consolidation, all pending shareholder approval.

Classic Minerals Limited has issued a prospectus for a nominal share offer aimed at removing trading restrictions on placement shares issued to creditors, while navigating significant financial challenges and ongoing litigation over key tenements.

Victory Metals Limited has launched a $3.75 million placement and options offer aimed at advancing its North Stanmore Heavy Rare Earth Elements project in Western Australia. The capital raise targets sophisticated investors and includes detailed risk disclosures.