Latest Working Capital News

My Rewards International Limited has announced a pro-rata entitlement offer aiming to raise up to $4.1 million, a key step toward meeting ASX reinstatement conditions after a prolonged trading suspension. The offer includes a debt conversion proposal and is partially underwritten by major shareholders.

My Rewards International Limited (ASX – MRI) has announced a pro rata non-renounceable entitlement offer aiming to raise up to $4.12 million, primarily to reduce debt and strengthen working capital. The offer is partially underwritten and open to shareholders in select countries, with key dates set for September and October 2025.

Element 25 has raised $10 million through a share placement to accelerate the expansion of its Butcherbird Manganese Project in Western Australia and support its planned battery materials facility in Louisiana, USA.

Felix Group Holdings has successfully closed its Share Purchase Plan, raising an additional A$0.5 million following a substantial A$16 million institutional placement. The funds will support the company’s strategic acquisition of Nexvia and further platform development.

Ionic Rare Earths has launched a $7 million capital raise through a renounceable rights issue and placement, aiming to accelerate its magnet recycling projects and expand operations internationally.

Enova Mining has narrowed its half-year loss to $1.07 million while progressing key rare earth and lithium projects in Brazil and Australia, supported by recent capital raises totaling $2.35 million.

Flynn Gold has announced a renounceable rights issue to raise up to $3 million, aiming to accelerate exploration at its promising Golden Ridge project in Tasmania.

Scout Security has completed the first tranche of a $600,000 capital raise amid its ASX trading suspension, aiming to settle debts and progress towards relisting.

Flynn Gold Limited has announced a renounceable pro-rata rights issue to raise up to $3 million, partially underwritten by Mahe Capital, to fund exploration drilling across its Tasmanian projects.

Resouro Strategic Metals updates the timing for its non-brokered private placement, aiming to close in the week of 15 September 2025. The funds will accelerate engineering work for the Tiros Titanium-Rare Earths Project’s Preliminary Economic Assessment.

Carnegie Clean Energy has successfully raised $2.116 million through a Share Purchase Plan, fueling key wave energy projects and global business development efforts.

Verbrec Limited has agreed to sell its Competency Training business to RelyOn Australia for $11.5 million in cash, aiming to sharpen its focus on core engineering services and accelerate growth in energy transition and automation.