Latest Working Capital News

JAYRIDE Group Limited has secured $200,000 through the issuance of convertible notes, aiming to support its SaaS platform expansion and meet ASX requotation requirements. The raise includes participation from a sophisticated investor and a company director, with shareholder approval pending.

Chilwa Minerals has successfully raised A$8.125 million through a private placement anchored by the Mota family office, aiming to fast-track its critical minerals project in Malawi.

AdAlta Limited has fully repaid its remaining NLSC investment in cash, ending its obligation to issue further shares and positioning itself for private capital raises to advance its CAR-T therapies.

Odessa Minerals advances its Lyndon Project with promising base metal assays and uranium exploration, backed by a $1.15 million capital raise and a strategic board appointment.

Nico Resources has progressed its Wingellina nickel-cobalt project through updated resource estimates, detailed metallurgical testwork, and a strategic review of scandium extraction, even as nickel market conditions remain subdued.

Pilbara Minerals reported steady spodumene production and a 30% revenue increase in the September quarter, driven by higher lithium prices and improved operational efficiencies. The company also outlined growth plans amid market volatility.

Globe Metals & Mining has completed the first tranche of its $8.67 million placement, raising $6.96 million and converting $540,000 of convertible loans to equity, significantly reducing its debt ahead of the Kanyika Niobium Project’s Final Investment Decision.

Jade Gas Holdings Limited (ASX – JGH) has launched a $2.1 million Share Purchase Plan offering eligible shareholders new shares at a 12.5% discount, aiming to accelerate commercial gas production and LNG facility development.

Australian Oil Company Limited has announced an $800,000 capital raising through a two-tranche share placement aimed at advancing its Californian oil and gas projects and exploring new growth opportunities.

Empire Resources has completed a 42-hole air core drilling campaign at its Yuinmery Project, targeting copper-gold mineralisation, with assay results pending. Recent reverse circulation drilling has already revealed encouraging copper-gold intercepts, underpinning the company’s exploration momentum.

Jindalee Lithium has launched a $1 million Share Purchase Plan at 55 cents per share, complementing a recent $8 million placement, to fund its McDermitt Lithium Project and repay convertible securities.

Tamboran Resources has initiated an underwritten public offering of over 2.3 million shares to support its development plans in the Beetaloo Basin. The move signals a strategic push to advance its natural gas projects amid ongoing market interest.