CAPITAL MARKETS

Capital Watch: Lake, Alicanto and more

Lake leads this week's raisings after upsizing offers

Staff reporter

This article is 5 years old. Images might not display.

Lithium developer Lake Resources has upsized its private placement by a further $1.9 million to $3.4 million due to strong demand.

It comes after the company reported a Bill Gates-backed fund was investing in its partner Lilac Solutions.

The company is also increasing its $1.5 million share purchase plan by $1 million due to it being oversubscribed.

Alicanto Minerals has received firm commitments to raise $2.5 million via a placement to sophisticated investors.

Canaccord Genuity was lead manager.

Cohiba Minerals is seeking to raise up to $2 million via a share purchase plan.

Every two new 1c shares applied for under the offer will come with a 1.3c two-year option.

The company is also seeking to raise a further $200,000 via the issue of options.

Maximus Resources has completed a placement to raise $339,448 and will launch an underwritten rights issue to raise a further $1.1 million.

The funds will be used for exploration in Western Australia's Goldfields.

Castle Minerals has launched a one-for-one non-renounceable pro-rata entitlement offer to raise up to $1.4 million.

The issue price is 0.6c, with the funds to be used for exploration and to strengthen the balance sheet.

Nickel explorer Auroch Minerals has raised $1.06 million in a 5.5c per share placement.

Bell Potter Securities acted as lead manager, with every two shares to come with a 10c option.

Alloy Resources has emerged from a week-long suspension to report it raised $1 million to fund the acquisition of Dingo Resources.

The company had been targeting $2.1 million via JP Equity Partners.

Gold explorer Great Western Exploration has launched a two-for-five renounceable rights issue to raise $1 million at 0.2c, a 50% discount to the last price, with every two shares to come with a 0.5c option.

Mahe Capital will lead manage and underwrite the offer to $600,000.

Finally, Gladiator Resources has raised $235,000 to finalise the acquisition of two Victorian projects.

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.

MiningNews.net Research Report 2025

The MNN Research Report 2025 provides insights into critical mining themes in Australia/Oceania, including top projects, C-suite priorities, risk, ESG performance and investor sentiment.

editions

Mining Journal Intelligence: Investor Sentiment Report 2025

Exclusive insights into the plans, priorities and preferences of 130+ mining investors and top factors influencing investment decisions in 2025.

editions

Mining Journal Intelligence World Risk Report 2024 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 117 jurisdictions globally, assessed across six risk categories and an industrywide survey.

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.