Blackstone Minerals has attracted $55 million in fresh funding, courtesy of a seriously oversubscribed placement to help realise its dreams of establishing an integrated “green” nickel project in Vietnam. The placement was backed by Shaw & Partners, Evolution Capital & PAC Partners, all of whom acted as joint lead managers to the placement.
Global Lithium Resources has attracted funding from one of the world's largest EV battery producers via a $13.6 million capital raise while Blackstone Minerals is on track to raise $60 million.
Western Australia's Eagle Mountain Mining and 92 Energy have each announced capital raisings and will use the proceeds to explore their North American projects.
Cleantech business Hazer Group and marine technology manufacturer VEEM have raised a combined $13 million from share placements to fund research and development initiatives.
Explorers Kin Mining, Mindax and Bryah Resources have each launched capital raisings today, with the majority of the proceeds to advance drill programs in Western Australia, while Chile-focused Tesoro Resources is seeking funds to advance its El Zorro gold project.
West Leederville-based medtech startup Singular Health will raise $1 million ahead of a planned IPO in September, with PAC Partners appointed lead manager for the listing.
Emerald Clinics and Little Green Pharma have both completed their initial public offerings ahead of stock market listings this month, with Emerald getting ready for its ASX debut tomorrow.
Perth-based explorer Tesoro Resources will begin trading on the Australian Securities Exchange tomorrow after completing a backdoor listing, an outcome that's been increasingly rare of late.
Perth companies Emerald Clinics and Little Green Pharma are seeking to raise up to $18 million ahead of stock market listings as they pursue very different strategies in the medicinal cannabis market.
The corporate regulator has strongly criticised company directors and lead managers involved in mining IPOs, saying they often have conflicts of interest, favour select clients and are focused on chasing short-term gains.
Technology Metals Australia has secured $4.5 million via a share placement, with the funds set to advance the definitive feasibility study on its flagship Gabanintha vanadium project, located 40 kilometres south of Meekatharra.
Shares in Subiaco-based Lustrum Minerals are due to start trading tomorrow after the company completed a $5 million initial public offering to allow the company to fund development of its coal projects in Queensland.
Curtin University is set to benefit from the listing today of ePAT Technologies, which adds to a steady flow of tech companies that have attracted support from investors over the past six months.
Perth-based Zeta Petroleum will acquire a substantial shareholding in oil explorer Oilex, when the company completes a planned $US23 million ($A30 million) capital raising.
