Latest Working Capital News

Ava Risk Group has announced a $7 million strategic investment from US-based Hale Capital to fuel its expansion into the US federal security market and accelerate product development. This partnership aims to position Ava as a global leader in critical infrastructure protection with a strong US presence.

Bounty Oil & Gas has announced a comprehensive recapitalisation plan including a $4 million capital raise, a 30-for-1 share consolidation, and debt-to-equity conversions aimed at strengthening its balance sheet and funding Queensland oil projects.

DGL Group Limited has replaced its ANZ-led financing with a new $120 million facility from ScotPac, extending maturity and enhancing working capital flexibility amid ongoing management restructuring.

Spacetalk Ltd has secured firm commitments to raise approximately $6 million through a two-tranche share placement, alongside appointing Andrew Grover as an independent Non-Executive Director. The capital raise aims to accelerate app development and support growing subscriber demand.

BPH Global reports A$213K in gross sales for its tenth month amid seasonal challenges, maintaining stable demand and positioning for growth as conditions improve.

RLF AgTech has raised $4.5 million through an institutional placement to accelerate its commercial rollout and meet rising demand amid global fertiliser shortages.

Syrah Resources announces a major A$104 million equity raising alongside strategic funding proposals from US government bodies and AustralianSuper, aiming to strengthen its balance sheet and accelerate production at its Balama and Vidalia facilities.

Javelin Minerals has launched a targeted drilling campaign at its Eureka Gold Project in WA, aiming to extend high-grade gold mineralisation and capitalise on a newly expanded mining lease. The company is poised for near-term production under a joint venture with MEGA Resources.

Thrive Tribe Technologies has completed a $240,554 capital raise through a discounted share placement, aiming to bolster its working capital. The placement involved issuing over 318 million shares at a 25% discount, with Clee Capital acting as lead manager.

Cobre Limited’s Chilean subsidiary has secured a majority stake and operational control of the Sierra Atacama Copper Project, setting the stage for potential full ownership through staged acquisitions and strategic governance changes.

Reach Resources Limited has announced a pro-rata entitlement issue aiming to raise up to $3.15 million to fund exploration and working capital, with key directors and the CEO committing to participate.

ActivEX Limited has completed a $393,505 share placement, issuing nearly 20 million shares at 2 cents each, with funds earmarked for advancing exploration projects and supporting working capital.