Lowell Resources Fund (ASX:LRT) Raises A$11.9 Million Through Oversubscribed Placement

Aditi Sarkar

20 August 2026 01:17 PM AEST

Lowell Resources Fund (ASX:LRT) Raises A$11.9 Million Through Oversubscribed Placement

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Highlights:

Lowell Resources Fund (ASX:LRT) units were trading at AUD 2.17, down 5.65% during the afternoon Trading session on 20 August 2026.
The Fund secured commitments for an approximately A$11.9 million Placement at an issue price of A$2.01 per unit.
Placement Demand exceeded the initial A$10 million target, resulting in the bookbuild closing early and allocations being scaled back.
A Security Purchase Plan (SPP) has been launched, allowing eligible unitholders to subscribe for up to A$30,000 of new units.
Funds raised will support the Fund’s existing Investment strategy across junior Mining and energy investments.

Lowell Resources Fund (ASX:LRT) has announced an approximately A$11.9 million placement and launched a Security Purchase Plan (SPP) to provide existing unitholders with an opportunity to participate in the Capital raising.

Lowell Resources Fund units were trading at AUD 2.17, down 5.65% during the afternoon trading session on 20 August 2026. Over the past year, the Fund’s units remain up 39.10%. The latest announcement outlined the placement outcome, SPP details, and the intended use of funds to support the Fund’s existing investment strategy.

Lowell Resources Fund is an ASX-listed investment fund focused on junior resources companies across precious metals, base metals, specialty metals, and oil and gas sectors.

Placement Raises A$11.9 Million

Cremorne Capital Ltd, the Responsible Entity for Lowell Resources Fund, confirmed it has received commitments for a placement of approximately A$11.9 million.

The placement was conducted through a volume-based bookbuild managed by Taylor Collison Limited and Canaccord Genuity (Australia) Limited.

The issue price was set at A$2.01 per unit.

The placement bookbuild exceeded the initial target raise of A$10 million, resulting in the process closing early and investor allocations being subject to scale back.

Following additional demand, the final placement size was increased to the maximum available under ASX Listing Rule 7.1.

The placement will result in the issue of 5,910,821 new units, increasing the total number of units in Lowell Resources Fund to 49,141,982.

Only wholesale and institutional investors participated in the placement.

Security Purchase Plan Opens for Existing Unitholders

Alongside the institutional placement, Lowell Resources Fund has launched a Security Purchase Plan to provide eligible existing unitholders with access to new units at the same A$2.01 issue price.

Under the SPP, eligible unitholders can subscribe for up to A$30,000 of new units.

The SPP is capped at A$4.0 million.

Eligible participants are unitholders with registered addresses in Australia or New Zealand as at the Record Date of 19 August 2026.

The SPP booklet will be dispatched and the offer will open on 31 August 2026, with the closing date scheduled for 18 September 2026.

Funds to Support Existing Investment Strategy

Lowell Resources Fund said proceeds from the placement and SPP will be applied towards its existing investment strategy.

The Fund manages a portfolio of junior mining and energy investments, including companies involved in precious metals, base metals, specialty metals, and oil and gas activities.

The Fund is managed by Lowell Resources Fund Management, which has managed the portfolio for more than 20 years.

The capital raising provides additional funds for the Fund’s investment activities within the junior resources sector.

Placement and SPP Timetable

The placement settlement is expected to occur on 26 August 2026, with Quotation of new units expected on 27 August 2026.

For the SPP, the key dates include:

Record date for eligible unitholders: 19 August 2026.
SPP opening date: 31 August 2026.
SPP closing date: 18 September 2026.
Announcement of SPP results: 23 September 2026.
New unit allotment and issue: 25 September 2026.

The Fund noted that the timetable remains indicative and may be subject to change.

Investor Takeaway

Lowell Resources Fund’s latest update focuses on its A$11.9 million placement and the launch of a Security Purchase Plan for existing unitholders. The capital raising will support the Fund’s existing approach of investing in junior resources and energy companies.

Investors may continue to monitor the completion of the SPP, deployment of new capital, and performance of the Fund’s underlying resources investment portfolio.

FAQs

Q: How much did Lowell Resources Fund raise through the placement?

A: Lowell Resources Fund secured commitments for an approximately A$11.9 million placement.

Q: What was the placement issue price?

A: The placement issue price was A$2.01 per unit.

Q: Can existing unitholders participate in the capital raising?

A: Yes. Eligible unitholders can participate through the Security Purchase Plan at the same A$2.01 issue price.

Q: What is the maximum investment available under the SPP?

A: Eligible unitholders can subscribe for up to A$30,000 in new units, with the SPP capped at A$4.0 million.

Q: How will Lowell Resources Fund use the raised capital?

A: Funds will be applied to the Fund’s existing investment strategy focused on junior mining and energy investments.

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