Latest Working Capital News

Galilee Energy has raised A$3.5 million to fund a sidetrack drilling program at Zydeco-1, targeting 13.7 Bcf of gas and 610,000 barrels of condensate in Louisiana, while selling its Glenaras Gas Project to sharpen focus on US growth.

Li-FT Power has consolidated its Quebec lithium assets through the Winsome acquisition, secured an option on the Renard mine site, and bolstered its balance sheet with a C$20 million financing to fuel exploration and development.

PMET Resources posted a CAD 2.1 million net loss for Q1 2026, bolstered by strategic partnerships and a strong cash position as it pushes forward with its flagship Shaakichiuwaanaan lithium project.

Laramide Resources has raised $5 million through a private placement of 8.35 million shares at $0.60 each to a strategic investor, bolstering working capital for its uranium projects in the US and Australia.

Ovanti Limited is raising up to A$2.293 million through a 1-for-1 entitlement offer priced at $0.002 per share, marking a significant capital boost at a notable discount to recent trading.

Baby Bunting Group delivered a 6.5% revenue rise to $556 million in FY26, alongside a 33.9% jump in pro forma net profit after tax, driven by its Store of the Future refurbishments and margin expansion.

Sarama Resources has offloaded its Cosmo and Mt Venn gold projects to Riedel Resources, securing a substantial equity stake while progressing a US$242 million arbitration claim against Burkina Faso.

Mayfield Childcare's Mayfield 360 division has achieved registration as an NDIS provider, enabling it to expand early intervention support services and transition from pilot to billable operations.

MC Mining has locked in up to US$16 million in new funding from its controlling shareholder, Kinetic Development Group, through an $8 million unsecured bridge loan and a $16 million share subscription split into two tranches. The capital injection aims to back working capital needs and advance the Makhado Project, though shareholder approval remains a key hurdle.

AdNeo Limited secures $1.5 million through a share placement and debt conversion to back operational efficiency, AI platform investment, and potential acquisitions.

Li-FT Power Ltd. has completed a C$23 million bought deal public offering, including full exercise of the over-allotment option, to support care and maintenance costs for the Renard option period and bolster working capital.

BauMart Holdings has secured $244,463 through a placement of over 24 million shares at one cent each, aiming to bolster its BuildMart Modular operations and general working capital.