Past year: ▲ 661%(2.80c – 29.0c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
12 Dec 2025capital raising announcement▲ GoodMajor
The 5-for-12 entitlement offer at $0.027 closed with acceptances of 124.5M shares ($3.36M). Morgans and sub-underwriters take up the 5.3M-share shortfall, so about 129.84M shares will be issued on 17 December, raising about $3.5M before costs.
27 Nov 2025capital raising announcement● Neutral
Dispatch of the entitlement offer booklet to eligible shareholders is complete. The offer opened 26 November and closes 5:00pm AEDT on 10 December 2025 unless extended. Administrative.
26 Nov 2025capital raising announcement● Neutral
Notice to shareholders outside Australia and New Zealand that they cannot take part in the entitlement offer, given their small number and the cost of complying with foreign laws. Administrative; no action required.
26 Nov 2025capital raising announcement● Neutral
Offer booklet for the 5-for-12 entitlement offer at $0.027 per share, dated 26 November. It closes 10 December 2025. Repeats terms already announced on 19 November; no new figures in the visible text.
26 Nov 2025capital raising announcement● Neutral
Notice that offer documents are being sent to eligible shareholders (Australia and New Zealand) for the 5-for-12 offer at $0.027. Administrative cover notice with no new substance.
19 Nov 2025capital raising announcement● NeutralMajor
WEC launched a 5-for-12 entitlement offer at $0.027 per share to raise about $3.5M, partially underwritten by Morgans (about $400,000). Flannery-linked entities and Gaffwick will take up in full. Proceeds fund exploration at Specimen Hill, Tindal, Maranoa and Robin Rise. This follows the March raise at $0.034.
25 Mar 2025capital raising announcement● NeutralMajor
The entitlement offer raised $3.83M before costs: 112,635,630 new shares at $0.034 were taken up, against a maximum of about 132.7M. A 20,019,604-share shortfall remains, which directors may place within 3 months. Shares issue 27 March.
What it means for a shareholder
113m new shares at A$0.034 to raise about A$3.8m. That's 13% dilution: every existing holder's slice gets 13% smaller. If you held A$1,000 of shares (29,412 at the issue price), your slice goes from 0.0038% to 0.00332% of the company. To keep it you'd need 4,277 more shares - about A$145 at the issue price.
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6 Mar 2025capital raising announcement● Neutral
Notice that offer documents for the 2-for-3 entitlement offer at $0.034 were sent to eligible shareholders on 6 March 2025, with acceptances made online via Automic. Administrative.
6 Mar 2025capital raising announcement● Neutral
The 2-for-3 entitlement offer is now open and closes 5:00pm AEDT on 20 March 2025 unless extended. Offer documents have been despatched to eligible shareholders. Administrative.
26 Feb 2025capital raising announcement● Neutral
Offer booklet for the 2-for-3 entitlement offer at $0.034 per share, closing 20 March 2025. It sets out the terms already announced the same day. Eligible holders can also apply for extra shares from any unclaimed entitlements. Administrative document.
26 Feb 2025capital raising announcement● NeutralMajor
WEC launched a 2-for-3 renounceable entitlement offer at $0.034 per share to raise up to $4.51M, not underwritten. Funds go to Specimen Hill, Tindal and Maranoa exploration, Coronation rehabilitation, working capital, and possibly repaying loans from Flannery's associated entity. Last May's raise was $0.04.
26 Feb 2025capital raising announcement● Neutral
Notice to shareholders outside Australia and New Zealand that they cannot take part in the $0.034 entitlement offer. A nominee will sell their entitlements and pass on any net proceeds. Administrative.
31 May 2024capital raising announcement● NeutralMajor
The $0.04 entitlement offer raised $3.43M (85.7M shares), short of the up to $4.53M sought. 27.5M shares went unsubscribed; directors may place them within 3 months. Funds go to Specimen Hill, Robin Rise's Coronation prospect and Tindal exploration.
10 May 2024capital raising announcement● Neutral
Offer documents for the $0.04 entitlement offer were sent to eligible shareholders and the offer is now open, closing 5:00pm AEST on 29 May 2024 unless extended. Administrative.
3 May 2024capital raising announcement● Neutral
Notice that shareholders outside Australia and New Zealand cannot take part in the $0.04 entitlement offer. A nominee will sell their entitlements and return any net proceeds. Administrative.
3 May 2024capital raising announcement● NeutralMajor
WEC launched a new 1-for-1 renounceable entitlement offer at $0.04 a share to raise up to $4.53M (up to 113.2M shares), not underwritten. Funds go to Specimen Hill, Robin Rise and Tindal exploration. The price is below November's $0.065 offer.
What it means for a shareholder
113m new shares at about A$0.040 to raise about A$4.5m. That's 13% dilution: every existing holder's slice gets 13% smaller. If you held A$1,000 of shares (24,989 at the issue price), your slice goes from 0.00323% to 0.00282% of the company. To keep it you'd need 3,652 more shares - about A$146 at the issue price.
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3 May 2024capital raising announcement● Neutral
Offer booklet for the 1-for-1 entitlement offer at $0.04, closing 29 May 2024. It repeats the terms already announced; no new substance.
19 Dec 2023capital raising announcement● NeutralMajor
The 1-for-1 entitlement offer at $0.065 raised $2.91M (44.83M shares), well short of the up to $4.45M sought. 23.58M shares went unsubscribed; directors may place them within 3 months. Proceeds fund the Bayan case and repay the remaining $0.5M Flannery-linked loan.
24 Nov 2023capital raising announcement● Neutral
Entitlement offer documents were sent to eligible shareholders and the offer is now open, closing 5:00pm AEDT on 15 December 2023 unless extended. Administrative.
17 Nov 2023capital raising announcement● NeutralMajor
WEC launched a 1-for-1 renounceable entitlement offer at $0.065 a share to raise up to $4.446M (up to 68.4M shares), not underwritten. Funds go to the Bayan proceedings and working capital, and may repay Flannery-linked loans. It follows July's $0.10 offer, and the price is below that offer's $0.10.
What it means for a shareholder
68.4m new shares at about A$0.065 to raise about A$4.4m. That's 8.1% dilution: every existing holder's slice gets 8.1% smaller. If you held A$1,000 of shares (15,385 at the issue price), your slice goes from 0.00199% to 0.00183% of the company. To keep it you'd need 1,359 more shares - about A$88 at the issue price.
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17 Nov 2023capital raising announcement● Neutral
Offer booklet for the 1-for-1 renounceable entitlement offer at $0.065, closing 15 December 2023. Repeats the terms already announced; no new substance beyond the offer documents.
17 Nov 2023capital raising announcement● Neutral
Notice to shareholders outside Australia and New Zealand that they cannot take part in the $0.065 entitlement offer. A nominee will sell their entitlements and return any net proceeds. Administrative.
18 July 2023capital raising announcement● NeutralMajor
The 1-for-1 entitlement offer at $0.10 raised $2.38M before costs from 23,836,891 new shares, about half the $4.46M maximum. 20,732,400 shares went unsubscribed (shortfall), which directors may place within 3 months. Proceeds fund the Bayan proceedings and working capital, and may repay the Flannery-linked loan.
23 June 2023capital raising announcement● Neutral
Offer documents for the 1-for-1 entitlement offer were posted to eligible shareholders and the offer is now open, closing 14 July 2023 unless extended. Administrative; no new terms.
16 June 2023capital raising announcement● NeutralMajor
WEC launches a 1-for-1 renounceable entitlement offer at $0.10 a share to raise up to $4.46M before costs, not underwritten. Proceeds are for the Bayan legal proceedings and working capital. The offer closes 14 July 2023, with directors intending to take up their full entitlements.
16 June 2023capital raising announcement● Neutral
Offer booklet for the 1-for-1 renounceable entitlement offer at $0.10 a share, closing 5:00 p.m. AEST on 14 July 2023. It repeats the terms already announced and adds legal notices and risk factors. No new figures in the text shown.
16 June 2023capital raising announcement● Neutral
Letter telling shareholders outside Australia and New Zealand (apart from certain UK institutions) they cannot take part in the $0.10 entitlement offer. A nominee will sell their entitlements and pass on any net proceeds. Administrative.
9 Aug 2022capital raising announcement● NeutralMajor
The entitlement offer closed raising $4.43M before costs from 442.5M new shares at $0.01, well short of the $7.745M maximum. About 332M shares went unsubscribed, and directors may place the shortfall within 3 months.
What it means for a shareholder
443m new shares at A$0.010 to raise about A$4.4m. That's 36% dilution: every existing holder's slice gets 36% smaller. If you held A$1,000 of shares (100,000 at the issue price), your slice goes from 0.0129% to 0.00822% of the company. To keep it you'd need 57,135 more shares - about A$571 at the issue price.
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18 July 2022capital raising announcement● Neutral
Offer documents sent to eligible shareholders; the entitlement offer is now open and closes 5:00pm on 5 August 2022 unless extended. Administrative.
11 July 2022capital raising announcement● Neutral
Offer booklet for the 1-for-1 renounceable entitlement offer at $0.01 per share, closing 5 August 2022. Mostly legal notices and restrictions; it repeats the terms already announced.
