Liontown Resources, Genesis Minerals, Peak Resources, and Marindi Metals have all made capital raising announcements today as they seek to advance exploration projects.
Three local exploration companies have tapped investors for up to $60 million, led by a $48.2 million capital raising from West African Resources for its Sanbrado gold project in Burkina Faso.
Thred has announced a capital raising by way of a fully-underwritten, non-renounceable pro-rata entitlement offer at an issue price of $0.004 per new share on the basis of one new share for every t
Perth-based Genesis Minerals has received commitments to raise $5 million through a share placement, with the funds to be spent on a drilling program and a feasibility study at its Ulysses gold project.
Former Iluka Resources managing director Mike Folwell has been appointed chairman and non-executive director of Gunson Resources.Didier Murcia has been appointed non-executive director.
Perth minerals explorer Gunson Resources has agreed to acquire a 100 per cent interest in mineral sands firm Strandline Resources for $2.5 million, and will assume the name of its target as it expands its focus in offshore assets.
Perth-based investor group Investmet Limited has agreed to underwrite a complex recapitalisation of Swan Gold Mining, adding to a string of mining deals it has undertaken this year.
