Cape Silica Holdings Pty Ltd announced that it will raise AUD 35 million in a round of funding on December 2, 2022.

On the same date the company raised AUD 11 million in it's first tranche from new investor SCR-Sibelco N.V. for 9.99% equity stake. The company will receive AUD 24 million in it's second tranche for a total of 26.8% stake in the company within12 months.