Catalyst Metals Limited (ASX:CYL) raises A$150 million to underwrite its organic growth strategy and strengthen its balance sheet.

Argonaut acted as Joint Lead Manager and Joint Bookrunner to the Institutional Placement, which was strongly supported by both new and existing, high-quality Australian and international institutional investors.

The transaction provides a de-risked pathway to achieving the Plutonic Belt’s organic growth plan of stable long-term gold production, as well as allowing Catalyst to focus on fast-tracking lower-risk exploration along the belt.

Congratulations to Managing Director & CEO James Champion de Crespigny and the Catalyst team for a highly successful capital raising.

Argonaut’s Corporate Finance team included Greg Southee, Kaiden Gilbert, and Max Carter-Mazak. Syndication was led by Chris Wippl, Digby Gilmour, and George Ogilvie.