Latest Working Capital News

Identitii has secured a $20 million convertible note facility with The Blackstone Mercantile Group, including a $5 million binding commitment subject to shareholder approval. The funding aims to support growth of the BNDRY platform and strengthen the company’s balance sheet ahead of a planned cashflow breakeven.

Brazilian Critical Minerals (ASX: BCM) has raised around A$10 million through a two-tranche institutional placement to fast-track its Ema Rare Earths Project towards a Final Investment Decision. The capital injection follows a robust Bankable Feasibility Study highlighting Ema's low capital intensity and strategic significance.

Imugene has secured $11.12 million through a placement to advance its allogeneic CAR-T therapy azer-cel after early clinical data showed complete responses in BTKi-resistant lymphoma patients.

Excite Technology Services has increased its capital raising target to $3.5 million by issuing an additional 40 million shares at 0.6 cents each, accompanied by free-attaching options exercisable at 1 cent. Part of the new shares will require shareholder approval at the upcoming AGM.

Hammer Metals has received a non-binding proposal from Austral Resources to acquire 100% of its shares via a scheme, coupled with a demerger of its WA gold assets into a separate entity valued at 8.7 cents per share.

Spenda Limited has completed the retail tranche of its $8.545 million entitlement offer, raising $1.15 million at $0.004 per share, with major shareholder Capricorn Society increasing its holding to nearly 20%.

Sentinel Metals has locked in a $15 million institutional placement to fund its acquisition of the 1.01Moz Big Springs Gold Project in Nevada, positioning itself as a growing North American gold player.

Taiko Critical Minerals secures a conditional NZ$20 million government funding offer to co-finance a NZ$40 million wet separation plant at Barrytown, boosting project credibility and accelerating development plans.

Neu Horizon Uranium Limited, formerly Tasmania Data Infrastructure, has pivoted from bitcoin mining to uranium exploration in Sweden, reporting a reduced loss for FY25 while progressing towards an ASX listing and expanding its footprint into Canadian mineral claims.

Dataworks Group has arranged a $1.5 million unsecured working capital facility with a three-month term and 18% interest, aiming to strengthen liquidity and support ongoing and new commercial contracts without diluting equity.

Audalia Resources has secured $450,000 through a placement of 15 million shares at 3 cents each, aiming to push its Medcalf project closer to production while maintaining working capital.

Kingston Resources has launched a fully underwritten $8.47 million rights issue priced at 3.5 cents per share to support a major drilling campaign and plant expansion at its Mineral Hill project.