Triton Minerals

Junior resources companies are enjoying a renewed interest for capital raisings as investors return cautiously to equity markets after a dry 2013.

Owners of graphite stocks have enjoyed strong returns during the past year on the back of demand for the mineral’s use in lithium ion batteries, however it is the potential to tap new markets that has some in the sector even more excited.

Subiaco-based explorer Triton Minerals has secured a funding facility of up to $20 million over two years with Lone Star Investments, to assist in the development of its Nicanda Hill graphite and vanadium deposit in Mozambique.

Shares in explorer Triton Minerals skyrocketed today on the back of a discovery its graphite resources can be converted into a wider range of more valuable products.

Shares in Subiaco-based explorer Triton Minerals skyrocketed on news it signed a $US2 billion ($A2.6 billion) offtake agreement with a Chinese company for graphite from its Mozambique project.

Triton Minerals has tapped investors to raise $12 million for ongoing work at its Mozambique graphite project.

Former Fortescue Metals Group chief financial officer and director Chris Catlow has joined Subiaco-based Triton Minerals as its new chairman, with Alan Jenks stepping down from the head of the board to take on a director role today.

Graphite-vanadium explorer Triton Minerals has announced an $11.3 million partially-underwritten entitlement offer at 15 cents a share.

Local companies Triton Minerals, General Mining Corporation and Orinoco Gold have announced plans to raise a combined $24.6 million to fund ongoing work at their respective projects.

Graphite players have had a soft 18 months, although some WA companies are developing new production techniques that might give them a leg up in the industry.

Stockbroker Andrew Frazer is planning to keep together his 12-strong team in Perth and Sydney, after current backer GMP Securities announced a major restructuring of its international operations.

Yan Lui has resigned from his positions of chief executive officer and Trinidad general manager at Range Resources. Mr Liu will remain on the board of director as a non-executive director. Joshua Wellisch has resigned as a non-executive director of Dakota Minerals.

Brad Lingo has been appointed as a non-executive director of Oilex.

Ardiden has appointed Bradley Boyle as executive director and Michael Stares as general manager – Canadian operations. Mr Boyle was formerly a managing director of Triton Minerals.

Subiaco-based Triton Minerals has been placed into voluntary administration, only two days after the graphite explorer's recently appointed chief executive Garth Higgo said it was well poised to advance its projects toward production.

A corporate finance firm and a private gold company have put forward competing proposals to recapitalise troubled graphite explorer Triton Minerals.

Triton Minerals is set to get a second chance after administrators Ferrier Hodgson released control of the business to a private gold company and a corporate finance firm, which will raise a combined $14.1 million and relist the graphite explorer on the ASX.

Recently revived Triton Minerals has made stellar gains on its return to the ASX today, after raising $14.1 million and exiting voluntary administration with a new board and management team.

Graphite players have posted strong share price gains in the past 12 months and raised $66 million between them, but they are struggling to kick off production of the mineral. 

Pancontinental Oil & Gas NL has successfully completed the acquisition of 100% of the shares of Bombora Natural Energy Pty Ltd.

Six local resources companies have announced capital raisings of around $26 million for projects including in lithium and rare earths, with one of the businesses, Okapi Resources, planning to join the ASX bourse.

Peel Mining has announced completion of a $6 million share placement to fund work on its zinc-lead project while Triton Minerals has launched an entitlement offer for the same amount.

SPECIAL REPORT: Activity in Western Australia’s graphite sector is continuing apace, with local hopefuls seeking to raise more than $70 million this quarter, an amount similar to that raised for the entire financial year just past.

Overland Resources Limited is pleased to advise that it has executed a Sale and Purchase Agreement with Peter Gianni to acquire a 100% interest in Exploration Licence Application 53/1971 for a total consideration of $10,000.  

Black Mountain Resources Limited is pleased to update shareholders on the following restructure initiatives that have been agreed to by the Company and its major lender, Richmond Partners Masters Limited, subject to any necessary shareholder approvals, formal documentation and regulatory sign off

Emerging Western Australian nickel company St George Mining is pleased to announce it has successfully raised $4.0 million from institutional and sophisticated investors via a placement at an issue price of $0.18 per share. 

Peel Mining advises that the fully underwritten non-renounceable entitlement offer announced on 7 September 2018 closed 2pm Wednesday, 3 October 2018.

IMF Bentham announces it is conducting a fully underwritten institutional placement to raise $74.48 million. The Placement comprises an issue of 26.6 million new IMF ordinary shares and is underwritten by Euroz Securities at a price of $2.80 per share.

Crusader Resources is pleased to announce the following updates in relation to the Company’s funding position.

Our board moves wrap includes Mark Ng, Wilson Lim, Mark Niutta, Jenn Morris, John Richards, Frank Knezovic, Peter Canterbury, and David Edwards.

Our board moves wrap includes Walter Joseph, Heng Fai Chan, Blair Michelson, Mitchell Wells, Demetrios Pynes, Mauro Piccini, Jeremy King, Peter Wall, and Andrew Frazer.

Our board moves wrap includes David Paull, Neil Lithgow, Steve Voorma, Dean Taylor, Peng Zhang, Max Ji, Paul Burton, David Kelly, Phillip Wilding, Lisa Smith, John Featherby, Imants Kins, Carlos Arecco, Richard Henning, Juan Manuel Santos, and Carolina Arecco.

Our weekly appointments wrap includes David Edwards, Laura Benger, Simon Taylor, Nathan Charles, Mark Davies, Teck Lim, Dirk Adams, Josh Robertson, Ben Bradstreet, Chris Wyhoon, Nicole Batten and Debbie Gillam.

Our board moves wrap includes Geoff Baldwin, Arron Canicais, Bernard Crawford, Anna Sloboda, Craig McNab, Stephen Allen, Candice Van Der Plas, James Doyle, Robert Boston, Emily Spano, Adrian Costello, and Patrick Burke.