Surefire Resources NL is set to raise approximately A$3.87 million through a non‐renounceable rights issue aimed at advancing its gold and copper exploration projects. Under this offer, eligible shareholders will have the opportunity to subscribe for two new fully paid ordinary shares for every three shares they hold at an issue price of A$0.002 each. In addition, shareholders will receive one bonus share for every four new shares purchased and one free-attaching option per new share subscribed, exercisable at A$0.004 and expiring in July 2027. The capital raising is managed by Sanlam Private Wealth Pty Ltd, which has been appointed as the lead manager. In return for their services, they will receive a fixed fee of A$15,000 plus a 6% fee on the funds raised from any shortfall securities placed, along with sixty options for every dollar raised. Eligible participation extends to holders of partly paid contributing shares, who are treated as if they hold fully paid ordinary shares. Overall, the offer could see up to around 2.42 billion new shares and a similar number of new options being issued should all entitlements be exercised. The funds raised are earmarked for developing the Yidby Gold and Copper Hill projects, supporting continued exploration across the company’s 100% owned projects in Western Australia, and financing working capital needs. The board has indicated that, if appropriate, additional funds may also be allocated to assess or acquire further projects. The offer is structured as non-renounceable, meaning shareholders who do not take up these rights will face dilution of their existing equity positions. Bullish sentiment from this announcement centers on the company’s strategic focus on expanding its exploration portfolio, which could create long-term value if the projects prove successful. The infusion of capital may help accelerate development timelines and potentially bring new discoveries in gold and copper to market. On the other hand, a bearish perspective might note that shareholders unwilling or unable to participate in the rights issue could experience dilution of their holdings. Additionally, the lack of an underwriting element means the success of the offer largely depends on shareholder uptake during the designated timeframe, which introduces an element of uncertainty for risk-averse investors. Overall, the move by Surefire Resources NL reflects an aggressive strategy towards advancing its mineral exploration objectives, while also presenting a mix of potential growth opportunities and dilution risks for current shareholders.