Aldoro Resources Limited is seeking to raise approximately N$4.0–5.5 million (A$385,000 to A$450,000) through the issue of 1,285,714 fully paid ordinary shares, officially listed on the ASX on 8 July 2025, to accelerate exploration at its flagship Kameelburg Rare Earths and Niobium Project in Namibia.
The new shares are expected to be priced around N$3.60–4.20 (A$0.30–0.35) each, based on recent placement trends, giving the junior explorer a much-needed cash injection to fund expanded drilling, advanced assay testing, and essential field infrastructure.
“Securing fresh capital allows us to maintain drilling momentum and control over our exploration schedule,” said Managing Director Troy Flannery in a recent investor briefing. “Our focus remains firmly on generating assay-backed targets that can underpin robust development decisions.”
Issued under ASX Listing Rule 7.1, which permits companies to place up to 15% of their capital in a year without shareholder approval, the new tranche was fully compliant with disclosure requirements. Aldoro’s filing confirms that the newly issued shares will be tradeable under its standard ticker code ARN on the Australian Securities Exchange.
These fully paid ordinary shares give investors the same rights as existing shareholders, including voting rights, entitlement to dividends (if declared), and eligibility for future capital raisings. “Fully paid” means there is no further payment required from buyers.
The fresh funding will primarily support exploration at the Kameelburg project in Namibia’s central region, where Aldoro has reported extensive high-grade rare earth and niobium mineralisation through recent assay campaigns. The company also plans to acquire and deploy its own drilling rig, giving it greater flexibility and cost control as it expands exploration across the licence area.
Investor interest has been strong in the lead-up to this latest capital raise. Since flagging the new share issue in late June, Aldoro’s stock has climbed roughly 19%, from around N$3.70 (A$0.31) to N$4.40 (A$0.37), reflecting sustained demand for exposure to critical minerals that power green energy technologies, electronics, and defence industries.
Aldoro’s strategy is to concentrate resources and management effort on its most promising African asset, while reviewing non-core Western Australian holdings, including lithium and rubidium projects. Management has pointed to Namibia’s mining-friendly policies and developed infrastructure as key advantages for developing critical mineral resources at scale.
By issuing these new shares and securing additional funding, Aldoro aims to maintain a busy pipeline of drilling results, assay updates, and project development milestones throughout 2025. The goal is to deliver a maiden mineral resource estimate in the medium term, laying the groundwork for potential development partnerships or offtake agreements with global buyers.
For further details, investors can access Aldoro Resources’ official ASX disclosures and announcements via the exchange’s online platform.
