5 Feb 2026capital raising announcement● Neutral
Prospectus offering 1,000 options at 1c to raise A$10, issued only to remove resale restrictions on options previously issued. Not a real capital raising; no new money.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
24 Oct 2025capital raising announcement● NeutralMajor
NAE raised A$3.75m via placement at 0.25c per share, a 16.7% discount, to fund up to 4,000m of Wagyu RC drilling and Lammerlaw follow-up. Tranche 2 of 897.9m shares and the 1-for-3 1.2c options need shareholder approval. Euroz Hartleys led.
What it means for a shareholder
898m new shares at about A$0.0042 to raise about A$3.8m. That's 39% dilution: every existing holder's slice gets 39% smaller. If you held A$1,000 of shares (239,440 at the issue price), your slice goes from 0.0168% to 0.0103% of the company. To keep it you'd need 150,513 more shares - about A$629 at the issue price.
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27 Mar 2025capital raising announcement▲ GoodMajor
NAE raised a further A$360k via 90m shares at 0.4c, on the same terms as the March raise, with 1 free 1.2c option per 4 shares. First six RC holes at Wagyu are done, and Peter Thompson becomes Chief Geologist.
What it means for a shareholder
90.0m new shares at A$0.004 to raise about A$360,000. That's 5.9% dilution: every existing holder's slice gets 5.9% smaller. If you held A$1,000 of shares (250,000 at the issue price), your slice goes from 0.0175% to 0.0165% of the company. To keep it you'd need 15,752 more shares - about A$63 at the issue price.
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6 Mar 2025capital raising announcement● NeutralMajor
NAE raised A$1.6m via a placement of 400m shares at 0.4c, a 20% discount to the last price, with 1 free 1.2c option per 4 shares (expiry 21/12/2026). It funds the 3,000m Wagyu RC program and Q2 air core. Lead manager Vert Capital; follows October's A$1.75m raise.
What it means for a shareholder
400m new shares at A$0.004 to raise about A$1.6m. That's 22% dilution: every existing holder's slice gets 22% smaller. If you held A$1,000 of shares (250,000 at the issue price), your slice goes from 0.0175% to 0.0137% of the company. To keep it you'd need 70,008 more shares - about A$280 at the issue price.
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23 Oct 2024capital raising announcement▲ GoodMajor
NAE raised A$1.75m via a placement of 350m shares at 0.5c, with 1 free 1.2c option (expiry 21/12/2026) per 2 shares. Funds go to Wagyu RC drilling, Lammerlaw and working capital. Eases the funding need from A$1.4m cash at June; CPS Capital was lead manager.
What it means for a shareholder
350m new shares at A$0.005 to raise about A$1.8m. That's 20% dilution: every existing holder's slice gets 20% smaller. If you held A$1,000 of shares (200,000 at the issue price), your slice goes from 0.014% to 0.0112% of the company. To keep it you'd need 49,006 more shares - about A$245 at the issue price.
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20 Sept 2023capital raising announcement● NeutralMajor
NAE raised A$1.969m via a placement of 358m shares at 0.55c, a 31% discount to the last price, with 1 free 1.2c option per 2 shares. Directors may add A$550,000 on the same terms, subject to shareholder approval. Funds support Pilbara lithium drilling. Lead manager CPS Capital.
What it means for a shareholder
358m new shares at A$0.0055 to raise about A$2.0m. That's 20% dilution: every existing holder's slice gets 20% smaller. If you held A$1,000 of shares (181,818 at the issue price), your slice goes from 0.0127% to 0.0102% of the company. To keep it you'd need 45,569 more shares - about A$251 at the issue price.
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10 Dec 2021capital raising announcement● Neutral
Prospectus for up to 100 options at 0.1c each, exercisable at 3c and expiring 31 December 2023. It also allows resale of the listed options issued with the May 2021 placement. Mainly administrative; no new money of note.
11 May 2021capital raising announcement▲ GoodMajor
NAE has firm commitments for a A$3.6m placement of 200m shares at 1.8c, with one free 3c option (expiring 31 Dec 2023) per three shares. Directors take 18m shares, subject to shareholder approval. Funds go to Pilbara and NZ gold exploration and working capital.
What it means for a shareholder
200m new shares at A$0.018 to raise about A$3.6m. That's 14% dilution: every existing holder's slice gets 14% smaller. If you held A$1,000 of shares (55,556 at the issue price), your slice goes from 0.00456% to 0.00391% of the company. To keep it you'd need 9,111 more shares - about A$164 at the issue price.
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29 Sept 2020capital raising announcement▲ GoodMajor
NAE raises about A$2.18m through a placement of 273.25m shares at 0.8 cents, and buys four granted Pilbara licences from Monterey Minerals for 25m shares, lifting its Pilbara holding to 1,863 km2. An option on four more costs 75m shares plus options. Director participation needs approval.
What it means for a shareholder
273m new shares at A$0.008 to raise about A$2.2m. That's 24% dilution: every existing holder's slice gets 24% smaller. If you held A$1,000 of shares (125,000 at the issue price), your slice goes from 0.0141% to 0.0108% of the company. To keep it you'd need 38,430 more shares - about A$307 at the issue price.
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28 Feb 2019capital raising announcement● NeutralMajor
NAE raises $940,500 via a placement of 171m shares at 0.55c, below the June 2018 price of 0.65c. CPS Capital takes its 6% fee in shares, subject to shareholder approval. Funds go to existing projects, new opportunities and working capital.
What it means for a shareholder
171m new shares at A$0.0055 to raise about A$940,500. That's 19% dilution: every existing holder's slice gets 19% smaller. If you held A$1,000 of shares (181,818 at the issue price), your slice goes from 0.0255% to 0.0206% of the company. To keep it you'd need 43,680 more shares - about A$240 at the issue price.
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26 June 2018capital raising announcement▲ Good
Tranche 1 of the placement completed, raising $728,000 from 112m shares at 0.65c. Tranche 2 ($872,000) and a CPS broker fee in shares go to a 26 July meeting. Drilling restarted at Redmoor on 22 June; NAE keeps its 50%.
What it means for a shareholder
112m new shares at A$0.0065 to raise about A$728,000. That's 17% dilution: every existing holder's slice gets 17% smaller. If you held A$1,000 of shares (153,846 at the issue price), your slice goes from 0.0273% to 0.0228% of the company. To keep it you'd need 30,613 more shares - about A$199 at the issue price.
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19 June 2018capital raising announcement● NeutralMajor
NAE raises $1.6m by placement of 246.2m shares at 0.65c, in two tranches (second needs shareholder approval). Funds its £332,000 share of Redmoor drilling. This is well below the 1.5c May 2017 placement price. Shares on issue will be 711.8m.
What it means for a shareholder
246m new shares at A$0.0065 to raise about A$1.6m. That's 35% dilution: every existing holder's slice gets 35% smaller. If you held A$1,000 of shares (153,846 at the issue price), your slice goes from 0.0341% to 0.0221% of the company. To keep it you'd need 84,011 more shares - about A$546 at the issue price.
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9 May 2017capital raising announcement● Neutral
Share Purchase Plan offer document and application form sent to eligible shareholders: 1.5c per share, $2,000 to $15,000 parcels, up to $850,000, closing 24 May 2017. Implements the 8 May raising; no new information.
8 May 2017capital raising announcement● NeutralMajor
NAE raised $309,000 by placing 20.6m shares at 1.5c, and offers shareholders a Share Purchase Plan at 1.5c to raise up to $850,000. Funds go mainly to Lochinvar and working capital; strategic partner talks continue for production funding.
What it means for a shareholder
20.6m new shares at A$0.015 to raise about A$309,000. That's 4.6% dilution: every existing holder's slice gets 4.6% smaller. If you held A$1,000 of shares (66,667 at the issue price), your slice goes from 0.0155% to 0.0148% of the company. To keep it you'd need 3,199 more shares - about A$48 at the issue price.
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23 Nov 2016capital raising announcement▲ GoodMajor
NAE raised $1.384m through a heavily oversubscribed placement of 69.2m shares at 2.0c, led by Peloton Capital, after the earlier raising was pulled. Funds go to Lochinvar, Otago drilling and working capital; Redmoor drilling relies on SML's £844k payment.
What it means for a shareholder
69.2m new shares at A$0.020 to raise about A$1.4m. That's 16% dilution: every existing holder's slice gets 16% smaller. If you held A$1,000 of shares (50,000 at the issue price), your slice goes from 0.0139% to 0.0116% of the company. To keep it you'd need 9,608 more shares - about A$192 at the issue price.
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10 Nov 2016capital raising announcement▼ BadMajor
NAE cancelled its proposed capital raising, announced after a 8 November trading halt, citing market volatility and advice from its lead manager. No size or price was disclosed. Funding for planned work stays uncertain until a later raising.
18 May 2015capital raising announcement● NeutralMajor
Binding facility with largest shareholder RCF for up to US$600,000 (A$746,000), with shares at 1.5c over 19 months or an 8% loan. First call: 14.4m shares for A$216,412, lifting RCF from 31.887% to 34.886%. Management says it funds the company until well into 2016.
10 Apr 2014capital raising announcement● Neutral
The Share Purchase Plan raised $249,500 (6.24m shares at 4c). Resource Capital Fund took a further 3.65m shares ($146k), for a total of 25m shares ($1m) and a 31.9% holding. Total raised is about $2.19m.
What it means for a shareholder
6.2m new shares at A$0.040 to raise about A$249,500. That's 2.0% dilution: every existing holder's slice gets 2.0% smaller. If you held A$1,000 of shares (25,000 at the issue price), your slice goes from 0.00824% to 0.00807% of the company. To keep it you'd need 514 more shares - about A$21 at the issue price.
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3 Apr 2014capital raising announcement● Neutral
Reminder letter that the Share Purchase Plan announced on 18 March closes on 4 April 2014. No new information.
18 Mar 2014capital raising announcement● Neutral
NAE offers existing shareholders a Share Purchase Plan at 4.0c per share, $1,000-$15,000 each, capped at $600,000. Directors intend to take part. Scoping study is now guided to July/August 2014.
11 Mar 2014capital raising announcement● NeutralMajor
NAE placed 42.6m shares at 4.0c to raise $1.703m, including $854k from Resource Capital Fund (lifting it from 28.9% to 31.9%) and $500k from Chee Siew Yaw. Cash will be about $3.9m; RCF gets pro-rata participation rights for five years. The 4.0c price is below the 6.5c placement of 2013.
What it means for a shareholder
42.6m new shares at A$0.040 to raise about A$1.7m. That's 14% dilution: every existing holder's slice gets 14% smaller. If you held A$1,000 of shares (25,000 at the issue price), your slice goes from 0.00968% to 0.00831% of the company. To keep it you'd need 4,123 more shares - about A$165 at the issue price.
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22 Oct 2012capital raising announcement▲ GoodMajor
New Age secures binding agreements for a $7.5m placement at 6.5 cents, including $455,000 from 7m shares announced 15 October. Resource Capital Fund V would rise to 19.9%, then 29% with later approvals. Funds Lochinvar (UK) and Colombian programs for a year.
15 May 2012capital raising announcement● Neutral
The $1.165m placement of 11.65m shares at 10 cents to major shareholder Chee Siew Yaw is completed, finishing the raise that replaced the failed option underwriting. Shares on issue rise to 142,902,828.
What it means for a shareholder
11.7m new shares at A$0.100 to raise about A$1.2m. That's 8.2% dilution: every existing holder's slice gets 8.2% smaller. If you held A$1,000 of shares (10,000 at the issue price), your slice goes from 0.00765% to 0.00703% of the company. To keep it you'd need 892 more shares - about A$89 at the issue price.
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17 Apr 2012capital raising announcement● NeutralMajor
The underwriting fell through because Mr Yaw could not meet it in the timeframe. It is replaced by a placement of the same 11.65m shares at 10 cents ($1.165m), funds due by 14 May 2012. Only 616,739 listed options were exercised, raising $61,674.
What it means for a shareholder
11.7m new shares at A$0.100 to raise about A$1.2m. That's 8.2% dilution: every existing holder's slice gets 8.2% smaller. If you held A$1,000 of shares (10,000 at the issue price), your slice goes from 0.00765% to 0.00703% of the company. To keep it you'd need 892 more shares - about A$89 at the issue price.
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21 Mar 2012capital raising announcement▲ GoodMajor
New Age signs an underwriting agreement with major shareholder Chee Siew Yaw to exercise up to 11.65m listed options at 10 cents, raising up to $1.165m for Terranova feasibility and La Miel drilling. He would hold 19.9% if no other options are exercised.
22 Sept 2011capital raising announcement▲ GoodMajor
New Age raises A$4 million through a placement of 33.3 million shares at A$0.12, a 9% premium to the prior close, to Resource Capital Funds and Mr Chee Siew Yaw. Funds go to Colombian projects and accelerating Subachoque coking coal; 21.3m shares await shareholder approval.
What it means for a shareholder
33.3m new shares at A$0.120 to raise about A$4.0m. That's 23% dilution: every existing holder's slice gets 23% smaller. If you held A$1,000 of shares (8,333 at the issue price), your slice goes from 0.00763% to 0.00585% of the company. To keep it you'd need 2,541 more shares - about A$305 at the issue price.
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4 May 2010capital raising announcement● Neutral
5,494,495 shares and 457,874 options were issued to shareholders who took up their rights. The shortfall is still being placed with underwriter Patersons.
27 Apr 2010capital raising announcement● Neutral
The rights issue closed 23 April with shareholders taking up only 5,494,495 shares, leaving 42,705,505 shortfall shares for the underwriter. Funds of $4,097,000 are stated as received or underwritten. The underwriter has been notified of the shortfall.
26 Mar 2010capital raising announcement● Neutral
Notice that the rights issue prospectus has been despatched to shareholders. The terms are unchanged: 1-for-1 at 8.5 cents, raising $4,097,000 before costs.
26 Mar 2010capital raising announcement▼ BadMajor
The share price closed at $0.06 on 25 March, below the 8.5 cent issue price, which is a trigger for Patersons to terminate the underwriting. Patersons has not terminated but is reserving its rights, putting the $4.1m raising at risk.