Felix Gold Secures $17 Million in Capital Raise to Accelerate Exploration Efforts

Highlights:

• Felix Gold Limited (ASX: FXG) secured $17 million via a two-tranche placement priced at $0.155 per share, attracting strong institutional investor support.
   
• Funds will be used to advance exploration, drilling, and permitting activities across its Alaskan projects, with ~$20 million in reserves post-raise (before costs).
   
• Tranche One ($12.7m) settles on 8 May 2025; Tranche Two ($4.3m), subject to shareholder approval, is set to settle on 26 June 2025.

Successful Placement Completed

Felix Gold Limited (ASX: FXG) has successfully raised $17 million through a two-tranche placement to sophisticated and professional investors, with firm commitments secured for the issuance of approximately 110 million shares at an offer price of $0.155 per share. At the time of writing, the placement was well-received by both offshore and domestic institutional investors, reflecting confidence in the company’s exploration and development potential.

Funding to Drive Growth in Alaska

The capital injection significantly boosts Felix Gold’s financial position, leaving it with approximately $20 million in cash reserves before placement costs. These funds will be directed towards drilling, exploration, scoping studies, permitting, and other corporate requirements across its Alaskan project portfolio. The strong demand for the placement signals investor faith in Felix Gold’s long-term resource development strategy.

Executive Director Joseph Webb expressed his gratitude, saying, “We are delighted with the support for the placement and welcome a number of highly credentialled institutional investors to the register. This reflects the market’s belief in the value of our assets and future direction.”

Placement Structure and Timing

The $17 million capital raise is split into two tranches. Tranche One will raise approximately $12.7 million through the issue of over 82 million shares under the company's existing placement capacity. Tranche Two, subject to shareholder approval at a meeting around 19 June 2025, will add roughly $4.3 million via the issue of over 27 million shares.

Settlement for Tranche One is expected on 8 May 2025, with shares issued the following day. Tranche Two is expected to settle on 26 June 2025, with issuance on 27 June 2025.

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