News Articles for Ashanti Capital

Spartan Resources has received firm commitments to raise $25 million through an institutional placement to expand exploration at its Dalgaranga gold project.

Technology Metals Australia has drummed up $11.5 million from investors to advance its flagship Vanadium exploration project towards construction.

Nickel junior GME Resources has lined up a potential offtake deal with global automotive manufacturer Stellantis as it sounds out investors for a planned capital raising.

West Perth-based junior Evolution Energy Minerals has raised $13 million to fund engineering design work and an updated definitive feasibility study for its graphite project in Tanzania.

A US company associated with Bill Beament and Nev Power is set to purchase Glencore's CSA copper mine for $US1.1 billion ($A1.5 billion).

Peel Mining is seeking to raise $23 million to advance its South Cobar copper project in NSW while making a number of board and management changes.

Shares in recently listed mining services provider MLG Oz have risen 8 per cent after winning a new contract set to generate an additional $10 million in revenue with WA gold producer Red 5.

Shares in Marvel Gold's graphite spinout have soared 210 per cent on its ASX debut, following an oversubscribed IPO that raised $22 million.

Marvel Gold's graphite spinout is seeking to raise $22 million ahead of its ASX listing in November.

Local companies Alderan Resources and Canyon Resources have secured funds to progress their copper and bauxite projects.

Caspin Resources has entered a trading halt while it completes a capital raising believed to be worth $9.7 million.

Wangara company Dynamic Drill and Blast is raising $10 million from a share placement to fund its recently announced acquisition of Orlando Drilling.

Lucapa Diamond Company is paying $8.5 million in cash to acquire a past-producing project in WA, with the purchase to be funded by a planned capital raising.

Kalgoorlie-based MLG Oz has become the latest mining services provider to list on the ASX, with its share price closing up 27 per cent.

Rumble Resources is set to fast-tack exploration across its Earaheedy zinc-lead discovery in WA, using $40.2 million raised from a share placement.

Listed tech company CV Check is poised for faster growth after acquiring Perth firm Bright People Technologies, bringing together two pioneers in workforce management software.

Curtin University spin-out Hyprfire has raised $2.25 million from local investors to commercialise Its cyber security technology.

Perth-based power and telecommunications contractor GenusPlus Group has listed on the ASX, following a successful initial public offering that valued the company at $148.6 million.

The spinout company of Cassini Resources has begun its first day of trading, with its share price more than doubling to 46 cents.

Perth-based Greenland Minerals has launched a $33 million capital raising to fund the development of its flagship rare earths project.

Belmont-based GenusPlus Group has launched a $32.8 million initial public offering, with the power and telecommunications contractor planning an ASX listing in December.

The spinout company of Cassini Resources is seeking to raise $6 million from its initial public offering, with an ASX listing targeted for November.

Wangara-based contractor Duratec has launched Western Australia's largest initial public offering this year, adding to a flurry of WA companies aiming to list on the ASX.

Perth dealmakers Tim Day and Rob Hamilton are looking to support the next generation of growth businesses after merging their firms.

Stockbroking firm Hartleys has confirmed it is in advanced merger discussions with listed rival Euroz. If the merger proceeds, it would add to a string of changes among Perth's top corporate finance dealmakers.

The ASX has launched a technology index with 46 constituent companies and while several, such as Nearmap and ResApp Health, have a WA connection, none are based in Perth.

Venus Metals Corporation has entered into an underwriting agreement with Ord Minnett to exercise $5.7 million worth of options to progress exploration activities at its base metal projects in Western Australia.

Greenland Minerals has secured $7 million via a share placement, with the funds raised to advance the development of its Kvanefjeld rare earths project.

Uranium explorer Deep Yellow and Rare earths hopeful Pensana Metals have raised $9 million and $5 million, respectively, as the two companies seek to advance their projects in Africa.

Listed companies Battery Minerals, Cassini Resources and First Graphene have completed share placements, with the proceeds to help fund their projects in the battery metals sector.

SPECIAL REPORT: Corporate finance dealmakers in Perth worked on just more than 800 transactions last year worth $51 billion.

Sandfire Resources confirmed today it has approached MOD Resources about a potential takeover, with the target proceeding instead with a $15 million capital raising to support work on its T3 copper project.

Eastern Goldfields is at risk of collapse, after the $75 million recapitalisation plan it announced in late September was scrapped today.

Peter Bilbe-led Adriatic Metals has announced a $10.8 million placement backed by major shareholder Sandfire Resources.

SPECIAL REPORT: WA companies participated in 175 corporate finance transactions worth $7.6 billion in the September quarter, with one of the most complex and innovative being the recapitalisation of Eastern Goldfields.

Struggling gold producer Eastern Goldfields has announced a $75 million recapitalisation deal and board overhaul led by private mining services company Adaman Resources.

West Perth-based Cassini Resources has completed a $4.2 million share placement, with backing from the chairman of Chinese company Tinci Materials.

Rift Valley Resources has tapped investors for $5.5 million as the company continues exploration work at its Longonjo rare earths project in Angola.

Copper explorer MOD Resources has tapped investors for $18.3 million, with the proceeds set to be used on exploration work at its T3 and T20 Dome projects in Botswana.

SPECIAL REPORT: There have been some big moves among corporate finance dealmakers in Perth, who worked on more than 850 transactions worth nearly $25 billion in 2017.