Jun 9, 2026 – 11.37amAlicanto Minerals, the gold junior that last year bought West Australia’s Mount Henry mine from Westgold Resources, is back in front of investors with an equity raising.The $277 million gold developer tapped three brokers on Tuesday to raise $25 million in a single-tranche placement to fund drilling and exploration at its newly acquired mine.Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?
Westgold-backed Alicanto Minerals hunts for $25m cash
It is the $277 million gold junior’s second cash call since December, when it acquired Westgold’s Mount Henry project in Western Australia.
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