Numerous resources companies announced capital raises yesterday (10 February) including PMET Resources (ASX:PMT), which is raising C$130 million ($135.35 million) through a financing offer.
The raising consists of a prospectus offering of common shares and a private placement through a charity flow-through offering.
PMET has entered an agreement with Raymond James as the sole global coordinator for the prospectus offering, along with BMO Nesbitt Burns.
This agreement will see PMET raising C$65 million through the issuance of 11.48 million shares at C$5.66 each.
Separate from the prospectus offering, PMET is conducting a flow-through private placement with PearTree Securities to raise the remaining C$65 million.
PMET will issue around 6.99 million charity flow-through shares at C$9.30 each, representing a 48% premium to the last closing price as of 6 February 2026.
The flow-through offering will be facilitated by PearTree, with Euroz Hartleys and Canaccord Genuity acting as joint lead managers.
PMET will transmute 69.92 million CHESS depository interests (CDI) on the basis of 10 CDIs for each flow-through share held at the completion of the placement.
Funds will be used to advance exploration and development at the Shaakichiuwaanaan Project in Québec, including the completion of the detailed engineering required for a final investment decision by 31 December 2027.
Major Aura gains
Aura Energy (ASX:AEE) has raised $20 million through a placement as of 10 February to fund development activities at the Tiris Uranium Project for a final investment decision.
The company issued 97.56 million shares at a price of $0.205 per share, representing a 14.6% discount to the last closing price, as well as 6.2% discount to the five-day volume weighted average price.
Aura also issued an additional 2 million shares under a service agreement.
Meanwhile, Castile Resources (ASX:CST) has raised $8.4 million through a share placement to institutional, professional, and sophisticated investors.
The company will issue 76.4 million shares at $0.11 per share with Castile board and management agreeing to participate for a further $120,000, pending shareholder approval at an upcoming general meeting.
The issue price of shares represents a 15.6% discount to the last closing price on 5 February 2026, as well as a 14.7% discount to the five-day volume weighted average price.
Canaccord Genuity and Blue Ocean Equity are acting as joint lead manager and bookrunners for this placement.
Funds will be used to expedite the Rover 1 Bankable Feasibility Study by June 2026, which will include costs relating to the pilot plant and geotechnical analysis.
Castile will also deploy funds into exploration drilling in April 2026 and general working capital.
Tartana sails funding seas
Finally, Tartana Minerals (ASX:TAT) is raising $4.5 million in a placement to fund targeted exploration at the company’s key critical and strategic metals prospects in 2026, with a streamlined focus on the Nightflow Project in Queensland.
The company will issue 32.35 million shares in the first tranche at $0.03 per share. Subject to shareholder approval, the company will issue one option per two shares subscribed, exercisable at $0.55 and to expire in three years.
The first tranche will raise $970,407, with the remaining balance to be raised in the second tranche. The first tranche is expected to settle on 18 February 2026.
The issue price reflects a 27% discount to the last closing price before Tartana entered a trading halt.
Alpine Capital is acting as the lead manager for this placement, with Oakley Capital as co-manager.
Company directors have agreed to provide $255,000 in this placement.
Tartana expects to conduct over 10,000m of drilling in 2026, partially funded from this placement.
Write to Maddison Elliott at Mining.com.au
Images: PMET Resources & Aura Energy
