CAPITAL MARKETS

Capital Watch: Celsius, Greenvale and more

A quieter week for small-cap capital raisings

Staff reporter

This article is 4 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.

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

editions

ESG Index 2025: Benchmarking the Future of Sustainable Mining

The ESG Index provides an in-depth evaluation of the ESG performance of 60+ of the world’s largest mining companies. It assesses companies across 10 weighted indicators within 6 essential ESG pillars.

editions

Leadership Insights 2025

Leadership Insights reveals key trends in priority mining issues through interviews with 15+ top mining company executives and an industrywide survey.

editions

Mining IQ Risk Analytics

Risk Analytics offers interactive access to World Risk Insight data, allowing you to customise risk views, benchmark jurisdictions, explore data behind scores and read expert commentary to guide your decision-making.

editions

Project Pipeline Index 2025

View our 50 top mining projects, handpicked using a unique, objective selection process from an expanded database of 600+ global assets.