CAPITAL MARKETS

Capital Watch: Nova, Laramide and more

This week's capital raisings in the junior exploration space

Staff reporter

This article is 4 years old. Images might not display.

Nova Minerals is fully funded to accelerate exploration in the Estelle gold district after completing a scaled-back A$4.3 million placement.

One 3.25c August 2020 option was issued for every two new 4.7c shares issued.

The placement was managed by Evolution Equities.

Uranium explorer Laramide Resources has lifted the size of its private placement to C$4.5 million from $3 million.

The company has uranium projects in Australia and the US.

Xanadu Mines has conducted a non-brokered placement to raise A$2.58 million.

The new 33c shares will be issued to Precious Capital Gold Mining & Metals Fund, giving it a 9.9% stake in Mongolia-focused Xanadu.

Prospect Resources has raised $968,000 in a placement for working capital.

The lithium developer had previously flagged a rights issue, but the rapid rise in its share price meant a small placement was a better option.

Finally, a new-look Anglo Australian Resources has raised $550,000 at 10.5c, a premium to the last traded price.

The funds will be used to advance the Mandilla gold project near Kalgoorlie.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

Mining Company ESG Index: Benchmarking the Future of Sustainable Mining

The Mining Company ESG Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.