Benz Mining secures A$150M via institutional placement to fund the addition of 14 rigs at its Glenburgh project.
Benz Mining (BENZF) has secured A$150M through an institutional placement of 40.4 million new CHESS Depositary Interests (CDIs) at A$3.71 per share. The funds will expand its Glenburgh fleet to 14 rigs, bolstering operational capacity.
The placement price matches the previous closing price on August 21, 2026, with no discount offered. The raise targets institutional investors to accelerate project development.
Proceeds will directly support equipment procurement and site expansion, aligning with the company’s growth strategy.