ASX-listed Develop Global (DVP) completes share issue at $4.05, reinforcing its balance sheet and supporting growth across its mining portfolio.
Develop Global Limited (ASX: DVP) released the listing of 9,200,000 new fully paid ordinary shares on the Australian Securities Exchange. The securities were allotted on 19 September 2025 at $4.05 and raised over $37 million.
The additional funding supports Develop Global’s project development strategy, such as advancing opportunities for exploration and production in Australia. Market capitalisation is $1.29 billion. The company is cementing its role as a leading force in the evolving global resources sector.
This announcement identifies Develop Global’s access to capital and ability to improve liquidity at a pivotal growth stage.
Key Findings: Develop a Global securities issue
The firm’s Appendix 2A lodgement confirms details of the securities quotation and new capital configuration.
- 9,200,000 ordinary fully paid shares issued and quoted on ASX
- Issue price: $4.05 a share, raising more than $37 million.
- Total shares on issue: 308,786,144 after quotation.
- Good market performance: share price of $4.19, up 6.1% on announcement date.
- Market capitalisation: $1.29 billion.
The securities increase the company’s project advancement capabilities, compared to its same-scale counterparts.
Economic and Strategic Benefits
The proceeds will be employed to develop Global’s core assets, for short-term development and long-term exploration. The issue is well-timed as the commodity markets remain firm, with solid demand for major minerals and precious metals.
Management highlighted the issue’s strategic justification. The Chief Executive Officer of the company said:
“The successful close of this issue demonstrates strong investor confidence in our growth pipeline and strategy. These funds provide us with flexibility to advance our projects and drive value for shareholders.”
This raising of capital will most probably be utilized to fund continued feasibility studies, drilling programs, and optimization work on Develop Global’s project portfolio.
Resource and Exploration Updates
Develop Global is ongoing to build programs of discovery designed to expand mineral resource estimates and allow for follow-up production. Proceeds from the sale of securities will assist in expanding drilling coverage, performing metallurgical test work, and progressing environmental studies.
The company maintains a strong ESG system, emphasizing responsible development of resources, stakeholder engagement, and rehabilitation planning. These align with investors’ expectations for sustainable exploration and mining practices.
Market and Strategic Context
World demand for strategic resources remains underpinned by growth in electric vehicles, renewable energy equipment, and defence technology. Global Develop’s portfolio is well-placed to capitalize on opportunities in these expansionary markets.
The release of new securities provides strategic freedom, putting the company on par with its peers that have managed to utilize capital raisings to accelerate development. Based in Australia, Develop Global also benefits from jurisdictional stability and superior infrastructure, factors that add value to investors as the world grapples with supply chain uncertainty.
Investor Outlook
Global’s share price closed at $4.19, a 6.1% rise on the day of the announcement. Trading volumes were over 1.28 million shares per day, a reflection of heightened market interest.
The 52-week performance of the business has been characterized by gradual appreciation, supported by robust investor sentiment and positive news flow from exploration activities.
Develop Global has been seen by analysts to raise significant funding at a premium to current market levels, exemplifying belief in its project pipeline.
Having a market capitalisation of $1.29 billion, Develop Global is well-positioned to create shareholder value through near-term development as well as longer-term exploration.
Also Read: Joshua Jahn’s Deadly Sniper Attack at Dallas ICE Facility Leaves Two Dead, One Critical
Final Thoughts
The issuance of 9.2 million new shares at $4.05 per share reaffirms Develop Global’s robust capital position during a critical development stage. The additional funds will enable the company to progress exploration, feasibility, and project development programs across its mining portfolio.
For investors, the update highlights Develop Global’s financial flexibility, robust market positioning, and exposure to high-demand commodities. With global supply chains favoring stable jurisdictions, the company’s Australian-based projects offer a strategic edge in delivering future resource supply.
FAQs
- Why did Develop Global issue 9.2 million new shares?
Ans: To raise capital for exploration, project development and to strengthen its balance sheet. - How much money did Develop Global raise with the issue?
Ans: At $4.05 per share, the 9.2 million shares raised over $37 million. - How many total shares will Develop Global have after the issue?
Ans: The total shares on issue after quotation are 308,786,144. - How will this capital be deployed?
Ans: The funds are expected to support drilling, feasibility studies, site infrastructure, and exploration expansion. - How does this share issue compare with peer capital raisings?
Ans: It is consistent with capital raises undertaken by similarly positioned mining development companies in Australia. - What is the current share price and trading range?
Ans: As of the announcement, the price closed at $4.19, showing a significant intraday increase. - Does Develop Global pay dividends?
Ans: No, Develop Global does not currently pay a dividend.
- What is the 52-week high and low for DVP shares?
Ans: The 52-week high is $5.19, and the low is $1.89.
- When is the company expected to break even or become profitable?
Ans: Analysts expect a move toward breakeven in the near term, possibly by 2025.
- How does Develop Global compare to competitors?
Ans: It competes with mid-tier and development-stage miners, leveraging stable jurisdiction, infrastructure, and a diversified commodities portfolio. - What is Develop Global’s debt level and capital structure?
Ans: Debt comprises approximately 39% of equity in its capital structure.
- How transparent is the company’s governance and disclosure?
Ans:The company has released a corporate governance statement aligned with ASX recommendations.
