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RAS 
Ragusa Minerals LTD 
ASX

Placement to Raise $427,200

Sentiment:
 Capital Raise Announcement
 26 June 2025 6:28 PM

Ragusa Minerals Limited has announced a placement to raise $427,200 from sophisticated investors at a 14.4% discount to its recent trading price, aiming to fund new project acquisitions and working capital.

Capital raise
  The document details an immediate capital raise of $427,200 through a placement to sophisticated investors. 

Summary
  • Ragusa Minerals Limited has secured firm commitments from sophisticated investors for a placement to raise up to $427,200 before costs.
  • The placement price is $0.012 per share, representing a 14.4% discount to the company's 15-day Volume Weighted Average Price as of June 26, 2025.
  • Up to 35,600,000 fully paid ordinary shares will be issued under existing ASX Listing Rule 7.1 and 7.1A placement capacities.
  • Investors will also receive one free attaching option for every three shares issued, with an exercise price of $0.03 and a three-year expiry, subject to shareholder approval.
  • The funds raised are intended to assess potential new project acquisitions and cover corporate and general working capital requirements.
  • Settlement for the placement is anticipated by July 4, 2025.
Sentiment

Score: 7

Explanation: The sentiment is positive as the company successfully secured funding for future growth and working capital, despite the discount to VWAP.

Positives
  • The company has successfully secured firm commitments to raise $427,200, indicating investor confidence.
  • The funds will enable Ragusa to assess potential new project acquisitions, which could lead to future growth opportunities.
  • The capital raise will also support corporate and general working capital requirements, strengthening the company's financial position.
  • The placement utilizes existing ASX Listing Rule capacities, streamlining the process for a portion of the raise.
  • The inclusion of free attaching options provides an additional incentive for investors.
Negatives
  • The placement is being conducted at a 14.4% discount to the company's 15-day VWAP, which could dilute existing shareholders.
  • The free attaching options are subject to shareholder approval, introducing a potential hurdle for their issuance.
  • The capital raise is relatively small at $427,200, which might limit the scale of new project acquisitions or the duration of working capital support.
Risks
  • Shareholder approval for the attaching options is required, and if not obtained, investors may not receive the full incentive package.
  • The success of assessing and acquiring new projects is uncertain and depends on market conditions and due diligence outcomes.
  • The company's ability to maximize shareholder value through exploration and development of assets carries inherent geological and operational risks.
  • Future capital raises may be required depending on the scale of new project acquisitions and ongoing operational needs.
Future Outlook

The funds raised from this placement are earmarked to assess potential new project acquisitions, indicating the company's strategic intent to expand its asset portfolio and enhance future growth prospects.

Management Comments
  • Jerko Zuvela, the Company's Chair, authorized the announcement.
Industry Context

This capital raise is a common strategy for junior exploration and mining companies like Ragusa Minerals to fund ongoing operations, exploration activities, and strategic growth initiatives, such as acquiring new projects, especially in the critical minerals sector like Rare Earth Elements (REE) and industrial minerals like Kaolin/Halloysite, which are currently experiencing significant market interest.

Comparison to Industry Standards
  • The document does not provide specific comparable companies, projects, or results to assess against global benchmarks.
Stakeholder Impact
  • Shareholders: Existing shareholders will experience dilution due to the issuance of new shares at a discount, but the capital raise provides funds for potential growth and operational stability.
  • Investors (New): Sophisticated investors participating in the placement gain exposure to Ragusa Minerals at a discounted price and receive free attaching options, offering potential upside.
  • Employees: The capital raise supports ongoing operations and potential project acquisitions, contributing to job security and future opportunities.
  • Creditors: Improved working capital position may enhance the company's ability to meet its short-term obligations.
Next Steps
  • Settlement of the placement is expected to occur by July 4, 2025.
  • A general meeting of the company will be held as soon as practicable to seek shareholder approval for the free attaching options.
  • The company plans to assess potential new project acquisitions using the raised funds.
Key Dates
  • 2025-06-26: Date for the 15-day Volume Weighted Average Price (VWAP) calculation used for the placement discount.
  • 2025-06-27: Date of the ASX announcement regarding the placement.
  • 2025-07-04: Expected settlement date for the placement.
  • TBD: General meeting of the company to be held as soon as practicable to seek shareholder approval for the attaching options.
Keywords
Capital Raise, Placement, Ragusa Minerals, ASX: RAS, Sophisticated Investors, Project Acquisition, Working Capital, Options, Mining, Exploration, Burracoppin Project, REE, Kaolin, Halloysite
RAS 
Ragusa Minerals LTD 
ASX
Sector: Materials
 
Filings with Classifications
Capital raise
26 June 2025 6:28 PM
Capital Raise Announcement
  • The document details an immediate capital raise of $427,200 through a placement to sophisticated investors.
Worse than expected
11 June 2025 8:54 PM
Company Update
  • The Binding Heads of Agreement with Geopolymer Industries Pty Ltd was terminated due to the inability to satisfy conditions precedent, which is a negative outcome for the Company.
Capital raise
27 April 2025 6:29 PM
Quarterly Activities Report
  • Ragusa will conduct a placement of fully paid ordinary shares to raise up to $2,002,000 (before costs) via the issue of up to 91,000,000 shares (Placement) at $0.022per share.
  • Tranche 1 will comprise the issue of 13,650,000 Shares at 2.2 cents per share, raising $300,300 (before costs), to be issued under the Company's available placement capacity under ASX Listing Rule 7.1.
  • Tranche 2 will comprise the issue of approximately 77,350,000 Shares at 2.2 cents per share, raising $1,701,700 (before costs), following receipt of Ragusa shareholder approval at a general meeting.
Capital raise
27 April 2025 6:29 PM
Quarterly Cash Flow Report
  • The Company announced it will conduct a placement of fully paid ordinary shares to raise up to $2m (before costs).
  • Funds raised from the placement will enable the Company to fund a new asset acquisition and current operations.
Capital raise
28 October 2024 3:07 AM
Quarterly Cash Flow Report
  • The company is considering its options with regards to raising additional funds.
  • The company believes it would be successful in raising sufficient funds to continue with the planned level of operations.
Worse than expected
28 October 2024 3:07 AM
Quarterly Cash Flow Report
  • The company experienced a significant decrease in cash and cash equivalents during the quarter, indicating worse than expected financial performance.
Capital raise
24 October 2024 10:37 PM
Annual General Meeting Notice
  • Resolution 3 seeks shareholder approval for a 7.1A mandate, allowing the company to issue up to an additional 10% of its issued capital.
  • Funds raised under the 7.1A mandate will be used for acquisitions, exploration, business development, and working capital.
Capital raise
9 September 2024 4:39 AM
Annual Report
  • The Group’s ongoing activities may require substantial further financing in the future.
  • The Company will require additional funding to continue its exploration and evaluation operations on its projects with the aim to identify economically mineable reserves and resources.
  • Any additional equity financing may be dilutive to shareholders, may be undertaken at lower prices than the current market price and debt financing, if available, and may involve restrictive covenants which limit the Group’s operations and business strategy.
Worse than expected
30 July 2024 6:12 PM
Quarterly Cash Flow Report
  • The company's cash reserves have decreased significantly from the previous quarter.
  • The company has negative operating cash flow and relies on capital raising to continue operations.
  • The company only has 1.49 quarters of funding available.
Capital raise
30 July 2024 6:12 PM
Quarterly Cash Flow Report
  • The company plans to raise further cash to fund its operations.
  • The capital raising may be combined with new asset or project acquisitions.
Capital raise
29 April 2024 6:56 PM
Quarterly Cash Flow Report
  • The entity may need to raise further cash to fund its operations.
  • The document does not specify the details of the capital raise.
Worse than expected
29 April 2024 6:56 PM
Quarterly Cash Flow Report
  • The company's cash reserves have decreased, and the estimated quarters of funding available is less than 2, indicating a worsening financial position.

Disclaimer: This summary was generated by artificial intelligence and its accuracy is not guaranteed. The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.