🔥 Tuesday 4 February 2025 Tue, 4 Feb 2025

Pinnacle Investment Management Group Limited has reported a remarkable 151% increase in net profit after tax for the first half of FY2025, driven by strong performance fees and significant growth in funds under management. The firm’s strategic international acquisitions and diversified affiliate platform underpin its robust outlook amid ongoing market uncertainties.

Pinnacle Investment Management Group Limited has reported a remarkable 150.5% increase in net profit for the half year ended 31 December 2024, alongside a 16.7% rise in revenues and a healthy interim dividend announcement.

Xref Limited reported a solid 10% revenue increase to $10.9 million in H1 FY2025, even as a proposed acquisition by SEEK was narrowly rejected by shareholders. The company plans to continue its growth trajectory as an independent ASX-listed entity with new product launches on the horizon.

The Federal Court of Australia has approved SEQ Hospitality Group’s acquisition of Eumundi Group, setting the stage for a $1.62 per share cash payout to shareholders and imminent suspension of Eumundi’s ASX trading.

AUCyber Limited confirms control has passed to 5GN following a substantial holding disclosure, with the Board unanimously recommending shareholders accept 5GN's last and final offer closing on 17 February 2025.

Sigma Healthcare has secured Federal Court approval for its acquisition of Chemist Warehouse, marking a pivotal step in reshaping Australia's pharmaceutical retail landscape.

Whitebark Energy Limited has announced an off-market takeover offer to acquire all shares and options in King Energy Limited, with unanimous support from King’s board. The offer aims to create a diversified Australian energy company with enhanced market presence and operational synergies.

Bio-Gene Technology Limited has secured A$3 million in U.S. Department of Defense grants to accelerate development of its two nature-derived insecticides, Flavocide and Qcide, targeting both military and civilian markets.

Pro Medicus has inked a $53 million, seven-year contract with BayCare to deploy its Visage 7 cloud-based imaging platform across Florida’s largest healthcare system, marking a major step in its North American expansion.

AKORA Resources has raised $1.293 million through a strategic share placement involving its first institutional investor and full board participation, aiming to advance logistics and investor discussions for its Bekisopa iron ore project.

Astute Metals NL has identified a new high-grade lithium-bearing claystone unit at its Red Mountain Project in Nevada, significantly enhancing the project's exploration potential ahead of a maiden resource estimate.

AustChina Holdings has entered a binding agreement to acquire Penwortham Exploration, gaining access to promising gold-antimony and base metals projects in Tasmania’s prolific mining districts. The move positions AustChina to leverage modern exploration techniques on historically rich targets.

Argenica Therapeutics reports compelling preclinical evidence that its lead candidate ARG-007 significantly reduces brain cell damage and inflammation in moderate traumatic brain injury models, marking a promising step toward new TBI treatments.

Dart Mining has applied for a new exploration permit over the historic Raglan Goldfield, aiming to consolidate its gold assets in Central Queensland alongside the recently acquired Triumph Gold Project.

Fortescue Ltd’s subsidiary FMG Pilbara Pty Ltd has acquired a 66.23% majority interest in Red Hawk Mining, advancing its takeover bid with an increased offer price to incentivize remaining shareholders.

AXP Energy has secured $1.25 million through a share placement to accelerate its modular data centre rollout powered by stranded natural gas in Colorado. This capital injection aims to support the company’s pioneering gas-to-power operations tied to Bitcoin mining and other high-performance computing applications.

WT Financial Group has reported a robust half-year performance with underlying revenue up 33.5% and net profit before tax rising 35.8%, driven by operational efficiencies and growing demand for financial advice services.

Antares Metals has identified 49 uranium targets within its Mt Isa North Project, highlighting ten as high-priority for imminent exploration. The findings suggest a promising geological setting akin to established uranium deposits nearby.

Altair Minerals has announced the acquisition of the Venatica Copper Project in Peru, a district-scale opportunity boasting high-grade copper mineralisation and strategic proximity to world-class mines. This move significantly expands Altair's portfolio with promising exploration potential in a globally significant copper belt.

Wellnex Life has secured Therapeutic Goods Administration approval for its Liquid Paracetamol plus Caffeine Soft Gel, marking its fourth market authorisation and opening new revenue avenues.

Vonex Limited has announced a $13.9 million non-renounceable entitlement offer to reduce its substantial debt, with major shareholder Maxo Telecommunications underwriting the raise. The move comes as CEO Ian Porter prepares to depart, marking a pivotal moment for the telecommunications provider.

Battery Age Minerals has successfully raised $1.5 million through a placement to advance its newly acquired El Aguila Project in Santa Cruz, aiming to unlock significant gold and silver potential.

Viridis Mining and Minerals has raised A$3.5 million through a placement to fund critical development milestones for its Colossus Rare Earth Element project, following a major resource upgrade.

Emyria reports sustained and statistically significant improvements in PTSD symptoms and quality of life three months after MDMA-assisted therapy, signaling a potential breakthrough for treatment-resistant patients.