WIN Metals (ASX:WIN) has raised $5.5 million through a heavily oversubscribed share placement at $0.035 per share, with strong support from both existing and new sophisticated investors.
The proceeds will fund resource and exploration drilling at the high-grade Radio Gold Mine Project and the Golden Crown deposit within the Butchers Creek Gold Project, as well as preparatory work for production.
Drilling at Radio is set to commence early in the New Year, following analysis of the maiden drill program completed in November, while work at Golden Crown will begin after the Kimberley wet season.
The placement also includes one free attaching option for every two shares issued, subject to shareholder approval expected at a general meeting in late January 2026.
WIN Metals' Managing Director Steve Norregaard said the funding positions the company to accelerate its pathway to production, capitalising on historically strong gold prices and advancing both projects toward development.
At the time of reporting, WIN Metals' share price was $0.037.