Capital Watch: Core, Alpha and more

THIS week was one of the biggest for capital raisings of the year.
Capital Watch: Core, Alpha and more Capital Watch: Core, Alpha and more Capital Watch: Core, Alpha and more Capital Watch: Core, Alpha and more Capital Watch: Core, Alpha and more

Staff reporter

Core Lithium has received firm commitments for a placement to raise A$5.5 million, with Bell Potter Securities and Taylor Collison acting as lead managers.

The company will seek to raise a further $1.5 million via a share purchase plan.

The issue price for both offers will be 4.25c per share.

Alpha HPA has raised $7 million in a placement of shares at 14.5c each to sophisticated investors.

The proceeds will be used to fund the production of high-purity alumina for market outreach and the financing and permitting of the HPA First project.

Toronto-listed Pacton Gold is raising up to C$5 million in a private placement.

Sandstorm Gold will participate in the raising, as well as provide an additional $2.15 million for royalties over Pacton's properties.

The funds will be used for exploration and development at Red Lake in Canada and ground along strike from De Grey Mining's Hemi discovery in the Pilbara.

Kairos Minerals has launched a A$4.2 million capital raising to fund drilling at its Pilbara gold project.

The company has received commitments for a $2.5 million raising of shares at 1.1c, with every two shares to come with a free-attaching 2.5c option.

Major shareholder Eric Sprott will participate in the raising to maintain his 10% stake.

The company will also undertake a one-for-eight non-renounceable rights issue to raise a further $1.7 million.

CPS Capital and Beer & Co were joint lead managers.

Cote d'Ivoire explorer Mako Gold has received commitments for more than $6.4 million in a placement that sought to raise $2 million.

The company raised $3.25 million by accepting $1.25 million in oversubscriptions in two tranches.

Discovery Capital Partners was lead manager to the placement, which was conducted at 6.1c, an 18% discount to the previous close.

St George Mining has lifted the size of its $1.6 million share purchase plan to $3.6 million due to demand.

The proceeds will be used to drill the Mt Alexander project.

Argentina-focused E2 Metals has received firm commitments to raise $2.75 million in a placement at 12.5c per share.

The company will launch an SPP to raise another $750,000 at the same price, a 35% discount to the 15-day volume-weighted average price.

The funds will be used to accelerate drilling at the Conserrat gold and silver project in Santa Cruz.

Archer Materials has launched an SPP to raise up to $3 million to hire additional staff to increase work.

The SPP is being conducted at 60c, a discount to the last close of 68.5c.

Redbank Copper has signed a joint mandate with Viridian Capital and CPS Capital Group for a $1.5 million placement at a price yet to be determined.

Any funds raised will be used for the Redbank project in the Northern Territory and Millers Creek project in South Australia.

Argent Minerals has raised $1.15 million in a heavily oversubscribed placement and will place an additional $150,000 to directors, subject to shareholder approval.

The issue price of 1.2c per share represented a 22% discount to the 15-day volume-weighted average price of Argent shares.

The funds will be used for drilling in New South Wales.

Canada-focused Chase Mining Corporation has raised $646,756 in a private placement and will seek to raise up to a further $750,000 in an SPP.

The issue price was 1.25c per share with GTT Ventures acting as lead manager.

Element 25 has raised $555,000 at a 1.3% premium of 36.3c per share under a controlled placement facility with Acuity Capital.

The company realised another $462,780 via the sale of shares in RareX.

Canada's International Prospect Ventures has upsized its C$450,000 private placement to $550,000 due to strong demand.

The proceeds will be used to explore the Wits End prospect in WA's Pilbara Craton.

Gold explorer Tyranna Resources has raised A$500,000 in a placement to clients of CPS Capital.

Shares will be issued in two tranches at 0.3c each.

Finally, Red Mountain Mining has received firm commitments to raise $240,000 and will seek to raise a further $300,000 in an SPP.

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