Latest Working Capital News

Chariot Corporation has secured a 66.7% stake in one of Nigeria’s largest hard-rock lithium portfolios, backed by a A$1.6 million capital raise and a new working capital facility, marking a strategic move into the Africa–China lithium corridor.

Larvotto Resources has opened a $5 million Share Purchase Plan offering shares at a 13.5% discount to fund key development and exploration activities at its Hillgrove Project in NSW.

Bubs Australia Limited reports a strong FY25 with 29% revenue growth to $102.5 million, positive EBITDA turnaround, and sustained cash flow improvements. The company also advances its US market ambitions with a key FDA submission underway.

Horizon Gold has completed a major drilling campaign at its Gum Creek Gold Project, delivering high-grade gold intercepts and advancing its feasibility study on track for early 2026. A $12 million capital raise post-quarter end aims to fund further exploration and project development.

Peak Rare Earths advances its Ngualla project with a proposed A$158 million acquisition by Shenghe Resources, alongside a successful A$7.5 million capital raise and rising rare earth prices.

Adavale Resources has raised $0.588 million through a strategic placement to accelerate drilling and exploration at its Parkes Gold and Copper Project, including the London Victoria Gold Mine.

Oceana Lithium Limited advanced its lithium, uranium, and base metals exploration across Australia and Brazil in the June 2025 quarter, supported by a $667,000 capital raise and key board appointments.

Kinetiko Energy has spudded its third gas production test well at Brakfontein and signed a non-binding term sheet with FFS Refiners to co-develop a pilot LNG plant, backed by a recent $2.2 million capital raise.

Key Petroleum has moved its eight Potential Commercial Area applications into formal government evaluation, aiming to secure long-term tenure in Queensland’s Cooper-Eromanga Basin. Meanwhile, the company raised A$129,000 through an entitlement offer and is exploring international growth opportunities.

Openn Negotiation Ltd has successfully exited voluntary administration following creditor approval of a recapitalisation plan, supported by an interest-free loan from its major shareholder. Despite no substantive business activity this quarter, the company now has over two quarters of funding runway.

Kingfisher Mining has secured a strategic portfolio of copper-gold and base metal projects across New South Wales, backed by a $1.85 million capital raise to accelerate exploration.

Kingfisher Mining has secured a strategic portfolio of copper, gold, silver, lead, and zinc projects across New South Wales, backed by a $1.85 million capital raise to accelerate exploration.