CAPITAL MARKETS

Capital Watch: Celsius, Greenvale and more

A quieter week for small-cap capital raisings

Staff reporter

This article is 3 years old. Images might not display.

Celsius Resources has received firm commitments for a $6 million at 3.6c per share, an 10% discount to the last closing price.

Ironside Capital was lead manager and bookrunner to the strongly supported offer.

The cash will fund a scoping study and drilling at the MCB copper-gold project in the Philippines.

Greenvale Mining has placed 15 million shares at 20c each, a modest premium, to raise $3 million.

The placement was made to a single institutional investor introduced by Evolution Capital Advisors.

The placement gives Greenvale a cash balance of more than $10 million to advance its Alpha torbanite project and Georgina iron oxide-copper-gold project.

Laverton gold explorer Magnetic Resources has received binding commitments to raise $2.6 million in a placement lead managed by Viriathus Capital.

The placement price is $1.42 per share, a 12% discount to the five-day average.

Crater Gold Mining has secured a $2 million unsecured loan facility from its major shareholder Freefire Technology, primarily to fund works on its Crater Mountain project in Papua New Guinea. The first $200,000 is available to draw down immediately. The loan is repayable within 12 months of first drawdown and comes with an 8% per annum interest rate.

Fin Resources has firm commitments for a placement to raise $1.6 million to fund its entry into the Onslow North solar salt project.

Non-executive director Jason Bontempo seeking shareholder approval to put in an additional $150,000.

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.