Activity on the Australian Securities Exchange (ASX) is starting to spike again, with numerous resources companies raising capital on the final trading day of the first month (30 January) of 2026.
Emerging lithium-boron producer Ioneer (ASX:INR) is raising US$50 million ($71.18 million) through an institutional placement to fund activities at the Rhyolite Ridge Project in Nevada.
The company will issue around 400 million shares at an issue price of $0.18, representing a 14.3% discount to the closing price on 28 January.
Bell Potter Securities and Canaccord Genuity acted as joint lead managers and bookrunners for this placement.
Funds will be deployed to long lead items, early works, environmental permitting, and project costs to advance the Rhyolite Ridge Project.
Executive Chair James Calaway says the result of this placement reflects the importance of the project and will “help onshore US critical minerals production”.
“This funding milestone allows us to aggressively move towards commencing construction and advancing discussions with potential strategic partners,” Calaway says.
Managing Director Bernard Rowe says the capital raise demonstrates “clear market confidence” in the project and the company.
“With permitting complete, these funds enable us to strengthen our position as a key US domestic supplier of two critical minerals and efficiently move toward construction,” Rowe says.
Meanwhile, Energy Transition Metals (ASX:ETM) is also raising $24.7 million through a share placement, funding exploration in Greenland.
The company will issue 190 million shares at a share price of $0.13, representing a 23.5% discount to the last trading price.
Canaccord Genuity and Evolution Capital acted as the joint lead managers and bookrunners for this placement.
Funds will be used to extend current exploration activities in Greenland, complete the Penouta acquisition, continue with a technical review and due diligence for the acquisition, and potentially list on the Nasdaq.
CEO Daniel Mamadou-Blanco says the capital raise reflects the geo-strategic importance of the Kvanefjeld Project in Greenland.
“Kvanefjeld is a potentially transformative project which stands as a cornerstone of Greenland’s economic future,” Mamadou-Blanco says.
“The project, which has been designed to meet the highest environmental and social standards, has the potential to create thousands of jobs and contribute billions in taxes and royalties – making a generational impact on the people of Narsaq and the surrounding areas.
“The Kvanefjeld Project is not only vital to Greenland but also to the world’s transition to sustainable energy and technologies.”
Finally, Apollo Minerals (ASX:AON) has raised $6.5 million in a placement to fund the company’s recently reinstated Couflens Tungsten and Gold Project in southern France.
The company will issue 213 million shares at $0.027 to fund the initial $5.75 million, followed by another $800,000 from Apollo Directors and Officers support.
Apollo will issue 29.3 million shares at the same issue price to Directors and Officers, following shareholder approval at a general meeting.
The offer price represents a 10% discount to the last trading price on 27 January.
Funds will be used to cover exploration and development activities at the Couflens Project.
Managing Director Neil Inwood says the company is pleased with the response from shareholders in this placement.
“The strengthening of a balance sheet provides a solid platform for the company to unlock the significant scale opportunity and untapped regional exploration potential of the Couflens High Grade Tungsten Gold Project in southern France,” Inwood says.
Write to Maddison Elliott at Mining.com.au
Images: Ioneer
