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

Orion ups capital raise to almost R100m on strong investor backing

3rd October 2025

By: Schalk Burger

Creamer Media Senior Deputy Editor

     

Font size: - +

Diversified miner Orion Minerals has again increased the size of its capital raising, now targeting A$8.6-million, or about R99-million, after receiving further firm commitments from investors.

The company initially set out to raise A$5-million, or about R57-million, but earlier this week lifted that amount to A$7.7-million, or about R89-million.

The new transaction to raise A$8.6-million will comprise about 574-million shares at an issue price of 1.5c each.

As reported previously by Mining Weekly, Orion intends to use the funds raised from the placement to continue early works at the Prieska Copper/Zinc Uppers mine, including ongoing dewatering and site works, while project funding is being finalised.

It also aims to finalise optimisation studies and ongoing site works at the Okiep copper project, and to use the capital 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.

Edited by Mariaan Webb
Creamer Media Senior Deputy Editor Online

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Comments

Latest Multimedia

Photo of Martin Creamer
On-The-Air (30/01/2026)
30th January 2026 By: Martin Creamer

Latest News

Reserve Bank logo
MPC member Chris Loewald to leave Reserve Bank
30th January 2026 By: Bloomberg

Showroom

The Southern African Institute of Mining and Metallurgy
The Southern African Institute of Mining and Metallurgy

The SAIMM started as a learned society in 1894 after the invention of the cyanide process that saved the South African gold mining industry of the...

VISIT 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 

Latest Multimedia

sponsored by

Magazine cover image
Magazine round up | 30 January 2026
30th January 2026

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:0.115 0.228s - 185pq - 2rq
Subscribe Now