Latest Boardroom Shifts News

Kimberly-Clark has completed its acquisition of Kenvue, issuing about 281.1 million shares and taking on an integration programme expected to cost US$3.1 billion before tax. The combined group is targeting US$2.1 billion in annual run-rate synergies by reshaping its brands, segments and operating model.

Euroz Hartleys has completed the sale of its Capital Markets business to BMO Financial Group for A$145 million, subject to completion adjustments. The ASX-listed company will now focus on private wealth and expects to return the post-tax proceeds to shareholders through a fully franked special dividend and an equal return of capital.

Far East Gold’s cash position has tightened sharply, with only A$593,000 remaining after a September quarter of takeover costs and exploration spending. The company says it needs new funding while a board-control fight threatens to add further uncertainty.

Critical Minerals Group has begun the first drilling campaign for its Lindfield vanadium project DFS, after securing the full PFS mine-plan area. But with A$246,000 in cash at 30 September and just 0.3 quarters of funding on the reported burn rate, the study’s next phase remains dependent on fresh capital.

Enterprise Metals has formalised Phillip Gallagher’s executive chairman appointment and increased the second tranche of its placement to approximately $880,000. The package ties his potential equity incentives to share-price, resource and strategic milestones, but both the placement and incentives require shareholder approval.

Coppermoly ended the September quarter with $92,000 in cash and estimated funding for just 0.38 quarters of relevant outgoings. The mineral explorer is cutting costs, narrowing its Queensland portfolio and assessing potential funding and acquisition options after its managing director’s departure.

Zimplats will replace long-serving chief executive Alexander Mhembere with internal successor Dr Stanley Segula from 1 November. The handover preserves operational continuity while Mhembere remains chairman of the company’s Zimbabwean operating subsidiary.

Felix Group lifted contracted ARR 10.6% year on year to $13.5 million in Q1 FY27, led by Nexvia and enterprise expansion. The software company ended September with $1.5 million in cash and estimated funding of just 1.12 quarters before the latest capital raising is fully available.

I Synergy ended the September quarter with A$44,000 in cash and an estimated 0.76 quarters of funding, before securing A$200,000 in loan funding after quarter-end. Its proposed Macau digital economy partnership remains non-binding, while a prior half-year review flagged material uncertainty around going concern.

BCAL Diagnostics has completed clinical validation for BREASTESTplus 2 across all breast densities and is targeting a November launch, while expanding Avantect Multicancer access. The commercial push comes alongside $1.895 million in quarterly operating cash outflows, only $580,000 in cash at quarter end and a growing strategic stake in Genetic Signatures.

Arafura Rare Earths has moved its Nolans rare earths project from financing decision to early construction, with A$700 million of procurement scope advanced during the September quarter. The company ended the period with A$885 million in cash and term deposits, while major debt and equity funding arrangements remain subject to completion conditions.

Taruga Minerals has mobilised its first diamond drill rig at the Weioko Gold Deposit since 2009, while preliminary oxide testwork returned gold recoveries of up to 96.27%. The results are encouraging, but the company’s cash position remains tight before a post-quarter option exercise raised A$1.5 million.