Ora Banda Mining Ltd (ASX:OBM, OTC:ESGFF)Ltd has updated its production guidance for the 2025 financial year (FY25), forecasting gold output of approximately 95,000 ounces—down 5% from the lower end of its previous guidance. Despite this revision, the company expects FY25 production to represent a 35% increase on the 70,000 ounces delivered in FY24.
The company attributed the revised outlook primarily to delays during mill upgrades and ramp-up but notes that mining performance remains strong, with June quarter production set to reach around 24,500 ounces.
Reconnaissance Energy Africa Ltd (TSX-V:RECO, OTCQX:RECAF) has announced an increase in the size of its underwritten public offering to C$16.5 million due to strong investor demand.
The offering, originally launched as an overnight marketed deal, will now consist of 33 million units priced at C$0.50 per unit.
Aftermath Silver Ltd (TSX-V:AAG, OTCQX:AAGFF) announced that it has made an early US$1.5-million property payment to EMX Royalty for its Berenguela silver-copper-manganese project in southern central Peru.
The payment is part of Aftermath Silver’s option agreement to acquire a 100% interest in the Berenguela project.
Standard Uranium Ltd (TSX-V:STND, OTCQB:STTDF) said it has engaged Axiom Exploration Group to complete a NI 43-101 technical report on its Corvo uranium project in northern Saskatchewan, as the company prepares for its first exploration program on the property this summer.
Corvo is under a three-year earn-in agreement with Aventis Energy Inc. (CSE: AVE).
Giyani Metals Corp (TSX-V:EMM, OTC:CATPF), the developer of the K.Hill battery-grade manganese project in Botswana, announced several updates to its board of directors and executive team.
Nigel Robinson has been appointed as the new chair of the board, succeeding Mark Burnett, who had served as interim chair.
Midnight Sun Mining Corp (TSX-V:MMA, OTCQB:MDNGF) has started diamond drilling at the Kazhiba Target 2 sulphide copper prospect on its Solwezi project in Zambia.
The program includes six to eight diamond drill holes totaling nearly 1,000 metres, targeting a 4 km by 2 km copper anomaly.
Shares in Helix Exploration PLC (AIM:HEX, OTCQB:HHEXF) rose 9% on Thursday after the company raised £4.5 million from institutional investors to speed up helium production at its Rudyard project in northern Montana.
The AIM-listed firm said the funding round was backed by a large private family office managing over $1 billion in assets, along with other institutions. Shares were placed at 16 pence, a small discount to the previous close.
Helix Exploration PLC (AIM:HEX, OTCQB:HHEXF) has raised £4.5 million from institutional investors to accelerate its helium development plans in northern Montana, following strong flow test results from its latest production well.
The AIM-listed company said it had secured backing from a large private family office with over $1 billion under management and other institutions through a share placing at 16p, a modest discount to Tuesday's closing price.
FireFly Metals Ltd has locked in firm commitments for a dual-market equity raise totalling approximately A$75 million, supporting its development strategy for the Green Bay Copper-Gold Project in Newfoundland, Canada.
The raise includes a C$25.8 million (~A$28.8 million) Canadian “bought deal” offering led by BMO Capital Markets and a A$46 million Australian equity placement managed by Canaccord Genuity.
In what could be a major inflection point for Evion Group NL (ASX:EVG, OTC:EVIGF), the company has secured official designation of its Maniry Graphite Project in Madagascar as a Strategic Project under the European Union’s (EU) Critical Raw Materials Act. This recognition enhances Evion’s access to EU funding, accelerates permitting processes and positions it as a preferred supplier of natural graphite for Europe’s energy transition.
The Maniry Project is the only project in Madagascar to receive this status, validating its significance in the EU’s battery and clean energy supply chain. Evion expects this designation to unlock engagement with preferred offtake partners and facilitate upcoming meetings with EU officials to progress funding and development plans.
Lindian Resources Ltd (ASX:LIN, OTC:LINIF) Ltd is accelerating development at its flagship Kangankunde Rare Earths Project in Malawi, with construction activities now well underway and several critical contracts nearing award. In parallel, the company has made strategic personnel appointments to reinforce its on-ground execution capability.
The construction of haul roads for Pit 1 and Pit 2 has started, alongside significant progress on essential infrastructure including solar power and security facilities.
GTI Energy Ltd has delivered a scoping study confirming the strong economic potential of its wholly owned Lo Herma Uranium Project in Wyoming’s Southern Powder River Basin.
“We are very pleased to present the results of the Lo Herma Project Scoping Study,” GTI executive director and CEO Bruce Lane said.
Lanthanein Resources Ltd is aiming to raise up to A$2.4 million (before costs) through a placement and a fully underwritten entitlement offer. The money will primarily support exploration at the Lyons and Edmund Projects in Western Australia’s Gascoyne region.
Lanthanein has also proposed a corporate rebrand to Fortuna Metals Ltd and a 30:1 share consolidation, subject to shareholder approval.