Latest Working Capital News

Magnetite Mines Limited has announced a renounceable rights issue to raise up to $2.65 million, aiming to fund critical development milestones for its Razorback Iron Ore Project and secure strategic partnerships for DFS funding.

Novo Resources Corp. reported key drilling milestones at its Pilbara and New South Wales projects in Q2 2025, alongside a reduced net loss and ongoing liquidity challenges. The company’s exploration momentum continues despite material uncertainty over its going concern status.

Neometals has agreed to sell its 50% stake in the lithium-ion battery recycling joint venture Primobius to SMS Group for €5 million upfront plus future royalties, marking a strategic pivot away from capital-intensive projects.

Lodestar Minerals launches a pro-rata bonus issue of Loyalty Options to existing shareholders, offering potential future capital without immediate dilution. The options are exercisable at $0.01 until August 2029, aiming to reward long-term investors and support company growth.

SSH Group has completed a $2.75 million placement and secured quotation of new options, positioning itself to accelerate growth across its mining, civil, and construction divisions.

Adslot Ltd has raised nearly $1 million through a mix of secured convertible notes and a private share placement, aiming to strengthen its balance sheet and fund key projects. Shareholder approval and ASX waivers remain pivotal next steps.

SRJ Technologies clarifies its financial position and strategic rationale behind a recent capital raise and acquisition of a UAE entity, addressing ASX concerns over its viability and voluntary suspension.

Key Petroleum has completed a $152,361 placement, issuing over 3.6 million shares to a sophisticated investor to support merger preparations and working capital needs.

Corazon Mining has secured a transformative deal to acquire the Two Pools Gold Project in Western Australia, backed by a A$2 million capital raise and the appointment of Simon Coyle as Managing Director.

PVW Resources has agreed to sell its Leonora Project in Western Australia for A$500,000, redirecting capital towards its promising Brazilian rare earth and gold assets.

Nutritional Growth Solutions Ltd (NGS) has had its trading suspension lifted following a key announcement about a capital raising, signaling renewed market activity.

Nutritional Growth Solutions has completed a $760,000 share placement at a slight discount, aiming to boost inventory and support its retail growth strategy.