Neometals hopes to reap about $US96 million ($A125 million) from the sale of its interest in the Mt Marion lithium mine near Kalgoorlie, with the operation’s joint venture partners given a pre-emptive right to buy the stake.
Financial services provider Pioneer Credit has raised $20 million from investors to fund the purchase of a $14 million debt portfolio, with long-term shareholder Banksia Capital selling its 9.75 per cent stake at the same time.
Gold explorer Cardinal Resources has announced plans to raise up to $22.7 million to fund ongoing drilling work at its Namdini project in Ghana, while also putting forward plans to dual-list on the Toronto Stock Exchange.
Perth-based telecommunications company Norwood Systems has tapped the market for nearly $2.1 million to fund ongoing development and commercialisation of its products.
Ian Middlemas-chaired coal explorer Paringa Resources has secured a $US20 million ($A26 million) facility to fund ongoing development of its Poplar Grove project in the US.
Perth-based Geopacific Resources has put forward a takeover bid for its joint venture partner, gold-focused Kula Gold, in an all-scrip deal that values the target at about $9.3 million.
Perth retail chain Muscleworx is poised for national expansion after buying its major competitor and securing backing from private equity investor Banksia Capital.
Aspiring mineral sands miner Sheffield Resources has entered into offtake agreements for 20 per cent of zircon produced from its planned $348 million Thunderbird project near Derby.
Gold miner St Barbara has taken a 9.5 per cent stake in junior explorer Peel Mining for $3.3 million, with the funds to be put towards development of Peel’s copper-gold deposits in NSW.
Perth-based HealthEngine has shown that investors still have an appetite for quality tech companies, announcing today it has raised $26.7 million from venture capital and private equity investors in a deal led by major global player Sequoia India.
Paladin Energy’s planned $US10 million sale of a 30 per cent stake in the Manyingee uranium project to Avira Energy has been thwarted, with Avira unable to secure financing in time.
Draig Resources has a new management team that includes former Gryphon Minerals managing director Stephen Parsons, who will focus on the company's recently acquired Bellevue gold project west of Laverton.
Junior explorer Dragon Mining has announced plans to delist from the ASX as it progresses its listing on the Hong Kong Stock Exchange, while also revealing a $17.5 million capital raising.
Gold explorer GBM Resources has been forced to terminate merger plans with Canadian company WCB Resources after a loan agreement with a funding party fell through.
Six listed companies based in Perth have announced funding deals worth a combined $36.9 million, with the largest being a $20.6 million capital raising by gold explorer Orecorp.
Pilbara Minerals has signed a farm-in deal with Atlas Iron over its Mt Francisco lithium project, and the two companies have also struck a preliminary agreement allowing Pilbara to use Atlas Iron's existing infrastructure to support early shipments from the Pilgangoora project.
Decmil Group has entered into a joint venture agreement with US-based SolarReserve for the construction of a 70-megawatt solar photovoltaic plant in NSW.
Potash explorer Agrimin has announced plans to raise up to $13.2 million from investors to fund ongoing work at its Mackay project in Western Australia.
