The S&P/ASX Small Ordinaries Index [XSO] closed at 3,605.30 points, up 35.50 points or 0.99% on the day, and has gained 127.50 points or 3.67% over the past five trading sessions.
It's been a slow start to the day on the small cap news front, however, you can read about the following and more throughout the day.
Terra Metals secures A$15 million placement
Terra Metals Ltd (ASX:TM1, OTC:PNGZF) has secured firm commitments from institutional and sophisticated investors to raise A$15 million through the issue of 214,285,715 new ordinary shares at A$0.07 each.
Proceeds will fund exploration and development at the Dante Project, including extensional and resource-upgrade drilling, testing of district-scale exploration targets, and general corporate purposes.
Ora Banda delivers high-grade results at Round Dam
Ora Banda Mining Ltd (ASX:OBM, OTC:ESGFF) has reported strong first-stage results from its Phase 1, 62,000-metre drilling program at the Round Dam trend. To date, 50 holes have been drilled for a total of 9,500 metres, representing just 15% of the overall campaign. Notably, hole FNRC25194 returned 25.0 metres at 7.7 grams per tonne (g/t) gold, including 8.0 metres at 20.6 g/t from 132 metres. This intercept is the deepest drilled north of Federal Flag and indicates further exploration potential at depth.
archTIS raises A$8.7 million through placement and entitlement offer
archTIS Ltd (ASX:AR9, OTCQB:ARHLF) has successfully completed a placement and the institutional component of its 1-for-3 pro-rata accelerated non-renounceable entitlement offer, raising A$8.7 million before costs.
The raising, fully underwritten by Henslow and Canaccord Genuity, comprised a A$3.5 million placement of 23.3 million shares at A$0.15 each, alongside a A$5.2 million institutional entitlement offer of 34.9 million shares at the same price.
AuKing completes A$1.17 million capital raising
AuKing Mining Ltd (ASX:AKN) has confirmed completion of the second tranche of its A$1.17 million share placement, first announced on 2 July 2025. The raising, supported by professional and sophisticated investors, further strengthens the company’s funding position. Managing Director Paul Williams said the well-supported placement underscores confidence in the company as it works to finalise the acquisition of the Cloncurry Gold Project from Orion Resources Pty Ltd in the coming weeks.