Arafura Resources’ rights issue has only raised only around a third of its $23.2 million target, with underwriter Patersons Securities set to be issued with $7.9 million worth of shares.
Shares in VRX Silica have surged to 16 cents today, a rise of 33 per cent, after it entered into a strategic alliance with China Southern Glass related to its Muchea silica sand project.
Piedmont Lithium has raised $21 million via a share placement to complete the definitive feasibility study for its namesake project, while Marindi Metals has tapped investors for $2.5 million, and Koppar Resources for $1.1 million.
The end of the financial year has triggered the sale of a spate of long-running private companies in Western Australia, including global tech leader Immersive Technologies, mining consultancy CSA Global and Action Industrial Catering.
Legend Mining has raised $9.8 million via a share subscription agreement with Independence Group, and signed joint venture agreements with IGO and Mark Creasy’s Creasy Group at Fraser Range.
NTM Gold is set to raise up to $3.9 million, while Encounter Resources has raised $1.4 million, as the two juniors seek to advance their exploration projects.
AP Eagers has offered to sell dealerships in Newcastle and the Hunter Valley region, as it aims to assuage the Australian Competition and Consumer Commission’s issues with its proposed acquisition of rival Automotive Holdings Group.
Shares in Pura Vida Energy surged more than 80 per cent higher today, to 3.1 cents, after it secured a binding farm-in agreement with UK-based Gemini Resources to earn a 35 per cent interest in two onshore oil and gas projects in Poland.
Shareholders have welcomed Capricorn Metals' announcement it is seeking to raise up to $18.3 million via a share placement and top-up issue, and that Mark Clark and Mark Okeby, both formerly of Regis Resources, have joined the board.
The Australian Securities and Investments Commission has appointed Morgan Stanley to sell a stake of approximately 12.9 per cent in Yowie Group, which the regulator seized in April.
Kalium Lakes is a step closer to a final investment decision on its Beyondie sulphate of potash project, after it received a credit-approved offer from German KfW IPEX-Bank for around $102 million.
Nickel miner Panoramic Resources has entered into a binding agreement to sell its Thunder Bay North platinum group metals project in Canada for $C9 million ($9.8 million).
US company Civeo has acquired Kewdale-based Action Industrial Catering, which counts Fortescue Metals Group, Pilbara Minerals and Western Areas among its major clients.
Calima Energy has raised around $12.7 million, via a placement and entitlement offer, with the funds set to be primarily used for general working capital purposes.
Triton Minerals has secured a $19.5 million investment from China-based company Jinan Hi-tech, which it said would be used to start early construction works at its Ancuabe graphite project in Mozambique.
TNG has signed a binding contract with rail operator Genesee & Wyoming Australia to haul product from the Mount Peake vanadium-titanium-iron mine more than 1100 kilometres to a processing facility in Darwin, Northern Territory.
A local junior whose gold and base metals exploration projects in Burkina Faso had to be put on hold amid escalating jihadist violence in the West African country is pivoting to become a rare earth oxide developer.
Sandfire Resources has made a $167 million takeover offer for MOD Resources, just over five months after it made a $94.5 million bid for the junior, with MOD’s board backing the improved offer.
