Argonaut Resources (ASX:ARE) has completed a fundraising
Argonaut Resources NL (ASX:ARE) has raised US$3.6 million via a placement. The funds will be used to accelerate a drilling and scoping study program at Lumwana West in Zambia and drilling at Murdie in South Australia, providing working capital and covering transaction costs. The placement to professional and sophisticated investors received strong support and was well oversubscribed.
Argonaut Resources holds exciting assets in prominent prospecting areas, with exposure to copper, cobalt, gold and uranium. With buoyant demand and commodity prices in its target mineral portfolio, particularly including copper, the company foresees good potential upside. Key assets include the 90%-owned Lumwana West copper–cobalt project in north-western Zambia and 100%-owned Murdie iron oxide copper gold (IOCG) targets in South Australia.
Oaklins’ team in Australia acted as lead manager in this transaction.
Talk to the deal team
Related deals
Omer Engineering has completed an IPO
Omer Engineering Ltd. has successfully launched its IPO on the Tel Aviv Stock Exchange, pricing shares as part of a plan to raise approximately US$94 million at an implied pre-money valuation of around US$313 million. The offering included both newly issued shares and a secondary sale by existing shareholders, who retained a significant majority stake post-IPO. This transaction underscores strong investor interest in scaling the company’s operations and enhancing its capital.
Learn moreSmart Capital has finalized a rights issue
Smart Capital S.p.A. has finalized a rights issue to continue executing its growth plan and increase its investment capacity. The fundraising supports the expansion of its investment portfolio and the strengthening of its positions in higher-quality investee companies with stronger growth prospects.
Learn moreElectro Optic Systems has acquired the UK interceptor business of MARSS
Electro Optic Systems Holdings Limited (ASX: EOS) has acquired the UK-based interceptor unmanned aerial system business of MARSS Group for US$6.4 million (€5.5 million). The interceptor is a reusable electric drone effector guided by imaging sensors and AI, which EOS will integrate into its counter-drone portfolio for defense and critical infrastructure customers. EOS plans further investment to complete development.
Learn more