Perth-based gold and base metals explorer Merah Resources listed on the Australian Securities Exchange today.
The company raised $2.82 million through an initial public offering, taking the number of Perth-based ASX listings to 35 this financial year.
Embattled miner Kagara has called in administrators from Taylor Woodings after making no progress on restructuring its financing arrangements over the past week.
Shares in base metals miner Kagara have entered a trading halt, with the market speculating the struggling company is set to make a funding announcement.
Kagara stocks are due to resume trading by Thursday, pending the release of the announcement.
Finders Resources has inked a deal with Standard Bank for the sale of up to 60 per cent of all copper cathode produced at its Wetar project in Indonesia.
"Finders has now secured partners in relation to 100 per cent of its Wetar copper off-take," the company said.
Base metals miner Kagara had a disastrous day, losing nearly $100 million in market value after its share price plunged by nearly 40 per cent because of its poor outlook.
Western Australia-based Iron ore hopeful Trafford Resources has turned its attention to new acquisitions or joint ventures, after offloading its stake in Indonesia-focused gold and base metals explorer Robust Resources for $7.43 million.
Base metals producer Kagara has completed a $25 million share placement at 31 cents per share, to complete the acquisition of its Einasleigh copper project in Queensland and fund exploration activity.
Perth-based base metals miner Fox Resources has signed a non-binding funding agreement with a Chinese co-operative, making a significant step towards restarting mining at the Radio Hill nickel-copper project in the Pilbara.
Gindalbie Metals has completed negotiations for the last key infrastructure deals required for the development of its Karara iron ore mine, signing two key rail contracts with QR National and Brookfield Rail.
Copper-gold and base metals explorer Mogul Resources has launched a $7.5 million initial public offering to fund the development of its extensive portfolio of Indian resources projects.
Perth-based minerals explorer Lithex has successfully listed on the Australian Securities Exchange, after its initial public offering closed oversubscribed to raise $4 million.
Base metals miner Azure Minerals' stocks have spiked after it announced the signing a $13 million farm-in and joint venture agreement with a state-owned Japanese corporation for its El Tocolote copper project in Mexico.
West Perth-based base metals explorer Overland Resources says it has successfully raised $11.9 million through a share placement to institutional investors.
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