https://newsletter.en.creamermedia.com
Copper|Dewatering|Mining|PROJECT
Copper|Dewatering|Mining|PROJECT
copper|dewatering|mining|project

Orion increases capital raise amount to A$7.7m

2nd October 2025

By: Tasneem Bulbulia

Deputy Editor Online

     

Font size: - +

JSE- and ASX-listed Orion Minerals has received additional firm commitments from sophisticated and professional investors for a previously announced capital raising, thereby increasing the amount raised to about A$7.7-million, or about R89-million.

The company last month announced a capital raising to raise about A$5-million, or about R57-million, with the ability to accept additional subscriptions via a placement of fully paid ordinary shares to sophisticated and professional investors and Orion chairperson Denis Waddell.

As reported by Mining Weekly, Orion intends to apply the funds raised from the placement principally to continue early works at the Prieska Copper/Zinc Uppers mine, including ongoing dewatering and site works, while project funding is being finalised; to finalise optimisation studies and ongoing site works at the Okiep copper project; and for general working capital purposes, including work associated with the finalisation of offtake-related funding for the development of both the Prieska Copper/Zinc Uppers and Deeps mining stages. 

To watch Creamer Media's latest video reports, click here
 

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Schauenburg SmartMine IoT
Schauenburg SmartMine IoT

SmartMine IoT has been developed with the mining industry in mind, to provides our customers with powerful business intelligence and data modelling...

VISIT SHOWROOM 
Rittal
Rittal

Rittal is a world leading provider of top-quality integrated systems for enclosures, power distribution, climate control, IT infrastructure and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

EV lease company Everlectric expands to the Western Cape
EV lease company Everlectric expands to the Western Cape
7th October 2025 By: Irma Venter

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.065 0.155s - 184pq - 2rq
Subscribe Now