🔥 Friday 8 August 2025 Fri, 8 Aug 2025
31 Big Stories
Donaco International Suspended After Court-Backed Acquisition Deal
Donaco International Limited’s shares have been suspended from trading on the ASX following court approval of its acquisition by On Nut Road Limited. This marks a significant step in the company’s transition under new ownership.
8 Aug
Victor Sage
Federal Court Greenlights Ideagen’s $0.09 Per Share Takeover of Envirosuite
The Federal Court of Australia has approved Ideagen’s acquisition of Envirosuite via a scheme of arrangement, setting the stage for a $0.09 per share cash payout to shareholders.
8 Aug
Sophie Babbage
Wrkr Ltd launches A$15m placement to fuel Payday Super growth
Wrkr Limited is raising approximately A$15 million through an institutional placement to accelerate growth amid upcoming Payday Super reforms and market opportunities.
8 Aug
Claire Turing
Donaco Scheme Approved, What Next for Shareholders?
Donaco International’s acquisition scheme by On Nut Road Limited has been legally approved, triggering an imminent trading suspension and a cash payout to shareholders.
8 Aug
Victor Sage
Vigorous Resources Moves to Fully Acquire and Delist Rey Resources
Vigorous Resources has secured over 94% of Rey Resources shares and initiated compulsory acquisition, setting the stage for Rey's imminent ASX delisting.
8 Aug
Maxwell Dee
Liontown Secures A$316M to Boost Kathleen Valley Lithium Project
Liontown Resources has raised approximately A$316 million through a combination of institutional and conditional placements, alongside a share purchase plan, to strengthen its balance sheet and support growth at its Kathleen Valley lithium operation.
8 Aug
Maxwell Dee
PointsBet Board Endorses MIXI’s $1.25 Cash Takeover Bid
PointsBet’s board has unanimously recommended shareholders accept MIXI Australia’s increased $1.25 per share cash offer, now unconditional and representing a significant premium. MIXI holds 28.2% of PointsBet and may raise the offer further if it gains majority control.
8 Aug
Claire Turing
Memphasys Accelerates Growth with Direct Sales and IVF Innovation
Memphasys Limited pivots from development to commercial execution with its flagship IVF product Felix, targeting global markets through direct sales and recurring revenue streams.
8 Aug
Ada Torres
Magnetite Mines Launches $2.65M Rights Issue to Propel Razorback Project
Magnetite Mines Limited has announced a pro rata renounceable rights issue aiming to raise up to $2.65 million to advance its flagship Razorback iron ore project. The capital raise includes free attaching options and is partially underwritten, supporting key development milestones and strategic partnerships.
8 Aug
Maxwell Dee
Magnetite Mines Advances Razorback Project with 6.6 Billion Tonnes Resource
Magnetite Mines Limited has updated its Razorback Iron Ore Project, revealing a 6.6 billion tonne mineral resource and progressing key strategic partnerships and approvals to support green steelmaking ambitions.
8 Aug
Maxwell Dee
Magnetite Mines Launches $2.65M Rights Issue to Advance Razorback Project
Magnetite Mines Limited has announced a renounceable rights issue to raise up to $2.65 million, aiming to fund critical development milestones for its Razorback Iron Ore Project and secure strategic partnerships for DFS funding.
8 Aug
Maxwell Dee
Greatland Resources Revises FY26 Gold Production Down, Boosts Capital Spend
Greatland Resources has downgraded its FY26 gold production target and significantly increased capital expenditure forecasts for its Telfer Project, prompting a sharp share price reaction and detailed ASX disclosure.
8 Aug
Maxwell Dee
betr Entertainment Boosts PointsBet Offer and Proposes Major Share Buy-Back
betr Entertainment has increased its all-scrip takeover offer for PointsBet shares and is seeking shareholder approval for a selective buy-back, reshaping its capital structure and voting dynamics.
8 Aug
Claire Turing
PYC Therapeutics Advances PYC-003 Trial with Final Dose Escalation and Patient Dosing
PYC Therapeutics has escalated dosing to the highest level in its Phase 1a trial of PYC-003 and begun dosing patients with Polycystic Kidney Disease, marking key progress toward regulatory milestones.
8 Aug
Ada Torres
Piedmont Lithium Sets Production Records Amid Merger Vote Delay
Piedmont Lithium reported strong Q2 2025 operational results with record production at North American Lithium and $11.9 million revenue, while shareholder voting on its merger with Sayona Mining has been adjourned to August 11.
8 Aug
Maxwell Dee
5E Advanced Materials Unveils $725M NPV Fort Cady Boron Project with 39.5-Year Mine Life
5E Advanced Materials has released a robust Preliminary Feasibility Study for its Fort Cady Project in California, highlighting a 39.5-year mine life and strong economics with a pre-tax NPV7 of US$724.8 million and a 19.2% IRR.
8 Aug
Maxwell Dee
Vection Technologies Hits Positive EBITDA, Eyes $70m Revenue with Defence Focus
Vection Technologies has reported its first positive underlying EBITDA for FY2025, driven by strong growth in its Defence sector. The company sets ambitious FY2026 revenue targets of $70 million, underpinned by a robust $50 million sales pipeline and cutting-edge AI and spatial computing solutions.
8 Aug
Sophie Babbage
Greenvale Energy Boosts Douglas River Uranium Project by 70% in NT
Greenvale Energy has significantly expanded its Douglas River Uranium Project in the Northern Territory’s Pine Creek region, nearly doubling its exploration footprint with two new licence applications. This strategic move positions the company strongly within one of Australia’s premier uranium provinces.
8 Aug
Maxwell Dee
5E Advanced Materials Unveils $725M NPV Fort Cady Boron Project Feasibility Study
5E Advanced Materials has released a comprehensive Preliminary Feasibility Study for its Fort Cady boron project in California, outlining robust economics and a 39.5-year mine life. The study highlights strong market fundamentals amid tightening global boric acid supply.
8 Aug
Maxwell Dee
AVITA Medical Navigates Medicare Hurdles with RECELL Demand Set to Rebound
AVITA Medical’s Q2 2025 update reveals a temporary setback in RECELL demand due to Medicare reimbursement delays, offset by strong revenue growth and promising clinical data. The company anticipates recovery and renewed growth in the second half of the year.
8 Aug
Ada Torres
AVITA Medical Boosts Q2 Revenue 21% but Revises 2025 Outlook Amid Medicare Delays
AVITA Medical reported a 21% increase in Q2 commercial revenue to $18.4 million and narrowed its net loss, yet faces a reimbursement hurdle that forced a downward revision of full-year guidance. The company highlights clinical progress and strategic board appointments as it navigates payment challenges.
8 Aug
Ada Torres
Solstice Minerals Uncovers New Drill Targets at Nanadie Copper-Gold Project
Solstice Minerals has identified promising new geophysical targets at its Nanadie Copper-Gold Project, setting the stage for a maiden drilling campaign aimed at expanding its existing resource.
8 Aug
Maxwell Dee
Block, Inc. Q2 2025 Revenue Dips 2% Amid Bitcoin Decline; Net Income Hits $538M
Block, Inc. reported a 2% decline in net revenue for Q2 2025, driven by lower bitcoin revenue despite growth in transaction and subscription services. The company posted strong net income and continued its $4 billion share repurchase program.
8 Aug
Sophie Babbage
Block, Inc. Powers Ahead with 14% Q2 Profit Growth and Raised 2025 Outlook
Block, Inc. reported a robust second quarter with 14% year-over-year gross profit growth, driven by strong performances from Cash App and Square. The company raised its full-year guidance, highlighting strategic expansions in peer-to-peer payments, AI tools, and bitcoin integration.
8 Aug
Sophie Babbage