WA1 Resources Secures AU$100 Million to Advance Luni Niobium Project.

WA1 Resources Ltd (ASX: WA1) has secured firm commitments for a placement raising AU$100 million through the issue of approximately 5.9 million new shares at AU$17 each, representing a 9.4% discount to the 5-day VWAP. The placement received strong backing from both new and existing institutional investors across Australia and the Americas.

Proceeds will be directed towards pre-development and permitting activities for the Luni Niobium Project, including mine design studies, process flowsheet optimisation, and supporting infrastructure capital expenditure. Funds will also support exploration, administration, and working capital needs. Following completion, WA1 will have around 74.2 million shares on issue and an estimated AU$168 million in cash, bolstering its ability to progress one of Australia’s key critical mineral projects. Canaccord Genuity acted as Global Coordinator, with Argonaut Securities and Bell Potter Securities in lead and co-manager roles respectively. Settlement is expected on 21 August, with trading of new shares from 22 August 2025.

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