WA1 Resources is set to raise $50 million for its West Arunta development. The capital will fund the niobium project's expansion, including drilling, test work, and permitting.

The share placement offers stock at $17 each. The company's recent growth includes a 241% gain in 2024 and a five-year rise of 7933%.

Niobium's prominence in alloys, like stainless steel, has bolstered investor interest.

The company has halted its trading.