CAPITAL MARKETS

Capital Watch: Marquee, GTI and more

This week's capital raisings in the small cap space

Staff reporter

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

Diversified explorer Marquee Resources has received firm commitments for a strongly supported placement to raise $5.7 million at 10.5c per share.

The placement was cornerstoned by two international strategic investors.

The company will seek to raise a further $2 million via a share purchase plan.

GTI Resources has announced a $5 million placement in conjunction with the acquisition of 13,800 hectares of uranium exploration claims in Wyoming.

The company will issue 240 million shares at 2.1c each, including a one-for-four listed option, in the placement, which is being lead managed by CPS Capital Group.

The raising will fund the $750,000 project acquisition cost and exploration.

Tennant Minerals has completed a heavily oversubscribed placement to raise $4.5 million to accelerate drilling at its Bluebird copper-gold discovery.

The company will issue 100 million shares at 4.5c each.

The offer was lead managed by Westar Capital.

Iron ore developer Akora Resources has raised $3.5 million via a placement of 11.5 million shares at 32c per share.

The issue was oversubscribed.

It was managed by Harbury Advisors and Sanlam Private Wealth.

Copper company R3D Resources has launched a raising of up to $3.3 million.

The company has secured commitments for a $1 million private placement at 10c per share.

It will also launch a one-for-five rights issue to raise up to a further $2.3 million.

BPM Minerals has raised $3 million in a placement to advance drilling at its Earaheedy project.

PAC Partners was lead manager to the 21c placement, with each new share to come with a 28c option.

WA explorer Golden State Mining has completed a bookbuild to raise $2.5 million via the issue of 33.3 million shares at 7.5c each.

Euroz Hartleys was lead manager.

The proceeds will be used for gold, lithium and base metals exploration.

North America-focused PolarX has lodged a prospectus for a one-for-eight non-renounceable rights issue to raise up to $2.19 million.

Every two new 2.1c shares will come with a free-attaching option.

Copper Strike has received firm commitments to raise $1.1 million via a private placement to an investor.

The 9c issue price represented a 18.2% discount to the last closing price.

Buxton Resources has completed an in-house bookbuild to raise $1 million from existing shareholders.

The proceeds will be used to advance projects in Western Australia and the US.

Finally, Canada's A.I.S Resources has raised C$612,500 in a twice-upsized private placement for exploration on gold projects in Victoria and New South Wales.

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

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.