Aeris Resources Moves to Raise Equity, Bolster Balance Sheet and Fuel Growth

Australian miner Aeris Resources Limited (OTC: ARSRF) is launching an equity raise of up to A$90 million in an effort to eliminate debt and underpin its development strategy. Pursuing this via an institutional placement of approximately A$80 million and a share‑purchase plan (SPP) of A$10 million, Aeris plans to issue about 177.8 million new shares at ~0.45 AUD each. The fundraising is earmarked to repay a A$40 million loan facility in full, leaving Aeris with approximately A$62 million cash and no debt on the balance sheet when complete. This clean‑up is expected to position the company to accelerate exploration at its Golden Plateau and Southern Vein Field projects at Cracow, QLD. Aeris emphasises that reducing leverage now gives the company flexibility to seize growth and development opportunities in the copper, zinc and gold sectors. With the equity raise presentation already lodged and trading halt lifted, investors will be watching how effectively the company converts the stronger balance sheet into operational momentum. #AerisResources #EquityRaise #MiningGrowth #BalanceSheetStrength #SlimScan #GrowthStocks #CANSLIM