Latest Working Capital News

Vanadium Resources Limited has secured a binding two-year offtake agreement for vanadium-rich magnetite ore and raised A$1.2 million, advancing its near-term production plans at the Steelpoortdrift project.

Epsilon Healthcare has emerged from voluntary administration with a stronger balance sheet, securing refinancing and preparing to launch its new pharmacy platform. Operational stability and strategic initiatives signal a turning point for the healthcare group.

West Wits Mining has secured a $50 million senior loan and updated its feasibility study, revealing significantly improved project economics for its Qala Shallows Gold Project. Mobilisation is underway, setting the stage for production ramp-up.

Kaiser Reef has completed a transformative acquisition of the Henty Gold Mine, backed by a $20.9 million capital raise, positioning the company for significant growth in Tasmania and Victoria.

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.