Latest Working Capital News

Elanor Investors Group reported a $57 million statutory loss for FY25 but is progressing a $125 million recapitalisation with Rockworth Capital Partners to stabilise its balance sheet amid ongoing financial challenges.

TZ Limited has responded to ASX queries over the deferral of a A$2.75 million debt repayment, asserting the delay was already well disclosed and unlikely to impact its share price materially.

Avenira Limited has obtained a $5 million unsecured loan to fund key mining projects and maintain working capital while awaiting a strategic investment approval.

Novo Resources Corp. has issued a prospectus offering free New Options to recent placement participants and joint lead managers, aiming to support its exploration projects in Western Australia and Victoria. The options, exercisable at A$0.15 and expiring in three years, could raise significant capital upon exercise, subject to shareholder approval.

AXP Energy has successfully raised A$800,000 through a share placement to fund development of its Oklahoma oil project and explore new growth opportunities.

Star Minerals has obtained the crucial Native Vegetation Clearing Permit, completing all regulatory approvals to commence mining at the Tumblegum South Gold Project in Western Australia.

South Harz Potash Limited has raised A$1.25 million to fund exploration at its newly licensed copper-gold projects in Sweden, signalling a strategic pivot towards critical minerals and a planned rebrand to Turnstone Resources.

Janus Electric has locked in a $2.75 million R&D finance facility, strengthening its cash position to push forward with its zero-emission transport innovations. This strategic funding avoids shareholder dilution while supporting ongoing technology development.

Spenda Limited has successfully raised $1.4 million through a private placement, supported by both new and existing sophisticated investors, including key directors. The funds will fuel the company’s commercialisation efforts and strengthen its working capital position.

AuMEGA Metals has successfully closed the first tranche of its upsized private placement, raising over C$5 million to advance its exploration projects in Newfoundland. A second tranche awaits shareholder approval, potentially boosting the company’s capital base further.

Green360 Technologies has successfully raised $4.5 million to back the commercial rollout of its Eco-Clay low-carbon cement product, aiming for market entry in the first half of 2026.

Identitii Limited has closed its recent rights issue, raising $379,336 before costs but falling short by $2.5 million after the termination of its underwriting agreement. The company plans to issue new shares and place the remaining shortfall to fund growth initiatives for its BNDRY platform.