Renegade Exploration Launches $2.29 Million Capital Raise to Fund Global Projects

Highlights:

• Renegade Exploration (ASX: RNX) to raise up to A$2.29M through share placement at A$0.003/share.
• Funds to support exploration in Nevada, Yukon & Cloncurry; surplus to reduce Outland loan by A$300K.
• Tranche 2 and option issuance pending shareholder approval at a meeting expected in August 2025.

Strategic Equity Placement to Support Expansion in Yukon, Nevada & Cloncurry

Renegade Exploration Limited (ASX: RNX) has announced a major equity raise of up to A$2.29 million, aimed at accelerating development work across its key projects in Yukon, Nevada, and Cloncurry. The capital will be raised through the issue of up to 763.3 million fully paid ordinary shares at A$0.003 per share, a 25% discount to its last traded price of A$0.004 on July 16, 2025. At the time of writing, shares were trading at this discounted level.

The placement will be conducted in two tranches:

• Tranche 1: Up to 314 million shares under the company’s existing placement capacity, raising A$942,000.
• Tranche 2: Approximately 449 million shares to raise an additional A$1.348 million, subject to shareholder approval in a general meeting scheduled for late August.

Incentivised Options Sweeten the Deal for Investors

Alongside the equity issuance, Renegade will also grant 381.7 million unquoted options, on a 1-for-2 basis, exercisable at A$0.005 and expiring on October 31, 2026. These attaching options aim to offer enhanced upside potential for participants. Notably, existing lender Outland Investments Pty Ltd will convert A$250,000 of outstanding debt into shares under Tranche 2, plus A$40,000 in fees. Renegade’s directors will also contribute A$150,000, offsetting accrued remuneration—also subject to shareholder approval.

Capital to Drive Exploration and Reduce Debt

Funds raised will fast-track Renegade’s upcoming fieldwork and geophysical programs in Nevada and Yukon. Work at the Cloncurry Project, including a potential second Mongoose Deeps drill hole, is also under consideration. In addition, A$300,000 will be used to reduce existing debt, with surplus funds allocated toward overheads and project evaluation.

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