BCI Minerals launched an equity raising initiative, targeting $315 million.

The plan includes a $255 million accelerated non-renounceable entitlement offer and a $60 million placement for sophisticated investors.

BCI Minerals is initiating a retail entitlement offer expected to raise approximately $114.1 million.

An upcoming tranche of the placement, pending shareholder approval, aims to raise an additional $12.5 million.