Wednesday, 12 January, 2011 - 10:24
Dragon Energy to raise $21.4m
Perth-based minerals explorer Dragon Energy has announced a $21.4 million capital raising to finance its acquisition of the Rocklea iron ore project in the Pilbara.
Lotus Resources (formerly Hylea Metals, Riva Resources, and Dragon Energy) is an exploration company. The company was renamed Lotus Resources at the end of August 2019. It has shifted focus to the uranium sector after acquiring the Kayelekera project in Malawi.
Historically it has pursued a range of projects in New South Wales and Western Australia encompassing cobalt, gold, iron ore and base metals.
Rank | Company | 1 Yr | 5 Yr |
---|---|---|---|
1093rd | Corporate Travel Management | -18.93% | -5.38% |
1094th | Boab Metals | -18.95% | -5.75% |
1095th | Lotus Resources | -18.97% | 32.29% |
1096th | Peter Warren Automotive Holdings | -18.99% | 0% |
1097th | Deterra Royalties | -19.08% | 0% |
Rank | Company | # | |
---|---|---|---|
359th | ![]() |
Lotus Resources | $21.16k |
411th | ![]() |
DeSoto Resources | $1.06k |
412th | ![]() |
Podium Minerals | $886 |
413th | ![]() |
Parabellum Resources | $750 |
414th | - | Nordic Nickel | $656 |
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NEWS: Tagged in Lotus taps investors for $110m | 22 Oct 2024 |
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NEW ROLE: M Costa, | 04 Oct 2024 |
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RANKING: 267 Up from 271 in Public Companies - Resources WA list | 02 Jul 2024 |
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RANKING: 271 Up from 274 in Public Companies - Resources WA list | 28 May 2024 |
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RANKING: 274 Down from 267 in Public Companies - Resources WA list | 09 Dec 2023 |
Perth-based minerals explorer Dragon Energy has announced a $21.4 million capital raising to finance its acquisition of the Rocklea iron ore project in the Pilbara.
Michael van Uffelen has been appointed as a non-executive director of Dragon Energy. Mr van Uffelen is the founder and director of Support Corp. He has worked extensively with early stage companies and start-ups as director, CEO, CFO, corporate advisor and/or company secretary.
SPECIAL REPORT: Electric vehicles and other technology applications have driven investor interest in graphite and lithium, and cobalt might be next.
Berkeley Energia has appointed London-based mining executive Nigel Jones as non-executive director. Mr Jones will replace Dr James Ross, who will be retiring from the board after more than 12 years of service.
Former Cricket Australia senior manager Sam Almaliki has been appointed executive director of Activistic. Mr Almaliki has extensive experience in leading and advising on strategy, change and growth in sport within corporate, not-for-profit, NGO and government sectors.
Shares in West Perth-based Hylea Metals were up 592 per cent today after the junior announced it acquired a 65 per cent stake in Paladin Energy’s Kayelekera uranium mine in Malawi.
Uranium company Paladin Energy has announced it will raise $30.2 million through a share placement and a further $7 million from a share purchase plan, with the proceeds to help cover the cost of maintaining its mothballed African mines.
Paladin Energy has received formal approval from the government of Malawi to proceed with the sale of its Kayelekera uranium project to Perth-based Lotus Resources and Lily Resources.
Perth-based Lotus Resources and A-CAP Energy have agreed to a merger to combine their assets and be a major uranium player in Africa.
A Supreme Court judge has criticised Lotus Resources director Grant Davey's credibility as a witness during legal proceedings over a stake in the Kayelekera uranium project.
Keen to accelerate a restart at its Kayelekera uranium project in Malawi, mid-cap Lotus Resources has announced plans to raise $110 million, or $US74 million.
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