ERITY is pleased to announce its role as Lead Manager to the successful $3.5 million capital raising undertaken by Resource Minerals International Limited (ASX:RMI).
The Placement received strong support from new and existing sophisticated shareholders, with funds raised to support upcoming exploration and drilling activities across the Company’s projects in Tanzania and Saudi Arabia. The transaction included the issue of 87.5 million shares at $0.04 per share and reflects continued investor support for the Company’s exploration growth strategy.
The capital raise will fund the commencement of a 2,500 metre reverse circulation drill program at the Mpanda Copper-Gold Project in Tanzania, targeting the Stalike, Kabungu, Ibindi, and Kabatini West prospects. The Placement will also support further exploration and drilling activities across the Company’s Shaib Marqan and Wadi Salamah Copper-Gold-Silver projects in Saudi Arabia, with drilling anticipated to commence during the September 2026 quarter.
Executive Chairman Asimwe Kabunga noted that RMI has an active exploration program planned through to the end of the calendar year, commencing with the upcoming Tanzania drilling campaign. He highlighted the Company’s confidence in the drill-ready targets at Mpanda and the intention to commence drilling activities in Saudi Arabia following the Tanzania program.
In support of the Placement, Mr Kabunga has committed $500,000 and Executive Director Trevor Mathews $100,000, subject to shareholder approval at the Company’s next general meeting.
The Mpanda Copper-Gold Project is located within the Ubendian Orogenic Belt in Tanzania, a region recognised for significant copper and gold mineralisation potential. RMI’s broader project portfolio also includes exploration interests across nickel and lithium opportunities in Tanzania and Finland, alongside its Saudi Arabian copper-gold-silver assets.
Acting as Lead Manager, ERITY supported the transaction through capital markets engagement, investor coordination, and transaction execution activities, working closely alongside the company throughout the process.
This engagement reflects ERITY’s growing involvement in supporting mining and resource companies through capital markets advisory, transaction execution, and broader strategic advisory services.
Transactions such as this continue to strengthen ERITY’s market presence and reinforce its position as an integrated consulting and advisory organisation operating across the mining and resources sector.
For further information regarding ERITY’s corporate advisory and capital markets services, visit ERITY.
View the full ASX Announcement here.
Services provided by Erity Capital Pty Ltd (ERITY), a Corporate Authorised Representative of AFSL 237549.
About ERITY
ERITY is an integrated consulting and advisory organisation supporting informed and defensible decision-making across the mining and resource sectors.
By combining expertise across geology, mining, corporate advisory, and legal disciplines, ERITY helps organisations navigate technical, commercial, operational, and governance complexity throughout the project lifecycle. The integrated approach supports clients in assessing opportunities, managing uncertainty, and making evidence-driven decisions in environments where investment, operational, and regulatory considerations must be carefully balanced.
Experienced professional judgement is strengthened through structured methodologies, analytical systems, and AI-supported workflows designed to support clarity, accountability, and informed decision-making.
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Magda Fimmano
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