Latest Working Capital News

Medallion Metals has raised $27.5 million through a well-supported institutional placement to accelerate its gold and copper production strategy by acquiring Forrestania’s processing infrastructure. This funding positions the company to advance drilling, feasibility studies, and a final investment decision by late 2025.

The Calmer Co. International Limited has successfully closed a renounceable rights issue, raising just over $1 million and issuing hundreds of millions of new shares and options. Directors’ strong participation signals confidence as the company prepares for growth.

Metgasco Ltd has announced a non-renounceable entitlement offer to raise approximately $0.75 million at a discounted price of 0.2 cents per share, aiming to fund production uplift programs and working capital. The offer is partially underwritten and includes a Top-Up Facility for eligible shareholders.

5E Advanced Materials reports Q3 2025 results highlighting operational progress with specialty glass trials and updated capital estimates, alongside a major debt restructuring and reverse stock split. Despite improved liquidity, the company faces ongoing going concern challenges.

Tasman Resources Ltd has announced a renounceable pro-rata rights issue aiming to raise up to $3.68 million to finance exploration drilling at its Parkinson Dam project and reduce shareholder debt. Major shareholders plan to fully subscribe, using loan repayments to offset their entitlements.

HITIQ Limited has announced a non-renounceable entitlement offer to raise up to $2.92 million, supported by partial underwriting from GBA Capital and accompanied by new options issuance. The capital raise aims to fund expansion, product development, and operational growth.

Mineral Commodities Ltd reveals ongoing delays in completing the sale of its Skaland Graphite Project due to funding issues faced by the buyer, Norge Mineraler. Despite partial payments and new guarantees, the final USD 9.62 million payment remains outstanding.

Epsilon Healthcare has launched a $1 million loan note issue aimed at supporting its working capital and diversification efforts, with a 10% interest rate and potential share conversion.

Peak Rare Earths is poised for acquisition by Shenghe Resources in a deal valuing the company at A$150.5 million, supported by a A$7.5 million entitlement offer to fund ongoing development and transaction costs.

Peak Rare Earths Limited has agreed to be acquired by Ganzhou Chenguang Rare Earths New Material Co., Ltd., a subsidiary of Shenghe Resources, in a deal valuing Peak at A$150.5 million plus proceeds from a proposed entitlement offer. The transaction offers Peak shareholders a significant premium and aims to accelerate development of the Ngualla Rare Earth Project.

Trinex Minerals announces a A$1 million two-tranche capital raising, including director participation and plans for a potential share consolidation.

GrainCorp Limited reported robust first-half results for FY25, driven by a large East Coast Australia crop and solid operational execution, prompting an upgrade to full-year earnings guidance and an expanded share buy-back program.