Good Morning.
We’ll be announcing the deal flow summary every Friday and various other insights as a weekly wrap up moving forward.
Lets get into it.
📊 A$267.4M raised across 16 deals | 5 sectors | Market sentiment: Mixed (50% negative reactions) | Guidance changes: Upgrade
Profit Guidance Updates
SKS Technologies Group Ltd (SKS)
Guidance Upgrade
$20.8M PBT
Market Cap: $251.0M +0.91% ●
$20.8M PBT
Market Cap: $251.0M +0.91% ●
FY25 PBT: $20.8M (upgraded from $18.0M guidance)
Previous Period: $6.5M (FY24 actual)
Growth: +$14.3M (+220%) vs previous year
Previous Period: $6.5M (FY24 actual)
Growth: +$14.3M (+220%) vs previous year
Key Drivers: Strategy to target new markets with higher margin projects, expanded capacity and expertise, increased repeat business across full spectrum of Australian industry
Standout Metric: Profit before tax more than threefold increase - validation of FY22 strategic pivot to higher-margin projects
Major Capital Raisings
Syrah Resources Limited (SYR)
Placement + Entitlement
$70.0M
Market Cap: $396.0M +2.7% ●
$70.0M
Market Cap: $396.0M +2.7% ●
Who's Involved: Existing and new institutional shareholders, retail shareholders
Issue Price: A$0.26
Structure: 1 for 5.42 pro rata accelerated non-renounceable entitlement offer
Issue Price: A$0.26
Structure: 1 for 5.42 pro rata accelerated non-renounceable entitlement offer
Standout Metric: Strong 86% institutional take-up rate, retail component fully underwritten
Babylon Pump & Power Limited (BPP)
Debt Facility
$21.1M
Market Cap: $16.9M 0.0% ●
$21.1M
Market Cap: $16.9M 0.0% ●
Who's Leading: National Australia Bank Limited
Terms: 3-year facility, 8.67% variable rate, secured GSA
Purpose: Acquisition funding
Terms: 3-year facility, 8.67% variable rate, secured GSA
Purpose: Acquisition funding
Use of Funds: Repay existing loans and fund Matrix Hydro Service and Blue Hire acquisitions
Galan Lithium Limited (GLN)
Strategic Placement
$20.0M
Market Cap: $130.0M 0.0% ●
$20.0M
Market Cap: $130.0M 0.0% ●
Who's Involved: The Clean Elements Fund (existing shareholder)
Terms: Subject to due diligence and shareholder approval (22 August 2025)
Board Impact: Clean Elements gets board seat
Terms: Subject to due diligence and shareholder approval (22 August 2025)
Board Impact: Clean Elements gets board seat
Use of Funds: Final construction funding for Phase 1 of Hombre Muerto West project
Standout Metric: Provides final construction funding solution for lithium production in H1 2026
Strategic Investments & Smaller Rounds
AIC Mines (A1M)
Share Purchase Plan
$10.0M
Market Cap: $229.0M -1.61% ●
$10.0M
Market Cap: $229.0M -1.61% ●
Who's Involved: Eligible shareholders, custodians
Terms: $1,000 applications not scaled back, others scaled pro-rata
Demand: >$14M vs $10M cap (40% oversubscription)
Terms: $1,000 applications not scaled back, others scaled pro-rata
Demand: >$14M vs $10M cap (40% oversubscription)
Use of Funds: Eloise processing plant expansion and Jericho copper mine development
Locksley Resources Limited (LKY)
Placement
$5.3M
Market Cap: $19.3M 0.0% ●
$5.3M
Market Cap: $19.3M 0.0% ●
Who's Leading: Alpine Capital Pty Ltd
Who's Involved: Tribeca Investment Partners (cornerstone), institutional investors
Issue Price: A$0.095, Two tranches
Who's Involved: Tribeca Investment Partners (cornerstone), institutional investors
Issue Price: A$0.095, Two tranches
Use of Funds: Mojave Project drilling, US permitting, working capital
Standout Metric: Significantly oversubscribed with high-quality institutional participation
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