Several Australian resources companies have announced capital raising initiatives on Wednesday. Blackstone Minerals (ASX:BSX), a company focused on developing battery metals projects, is seeking to raise $22.6 million through a placement of 289.80 million shares at $0.078 each. The company has attracted interest from Australian and international investors, including a $5 million commitment from Macquarie Bank.
Trigg Minerals (ASX:TMG), a company advancing its US and Australian mining operations, has completed a $12.5 million placement, issuing 147.05 million shares at $0.085 per share. Battery Age Minerals (ASX:BM8) is raising $3 million via a two-tranche placement, issuing up to 60 million shares at $0.05 each. The funds will be used to commence a maiden drilling program at the Bleiberg Project in Austria.
AuKing Mining (ASX:AKN) is set to raise $1.17 million through a two-tranche share placement at $0.006 per share. Additionally, AuKing has entered a binding term sheet for a $5 million loan facility with RiverFort Global Capital. AuKing Mining will be attending the Noosa Mining Investor Conference, held between 23-25 July at the Peppers Noosa Resort.
