Latest Mergers And Acquisitions News

Aruma Resources is adding 32 contiguous claims to its Tillex copper-silver project in Ontario, expanding the land position to approximately 28.4km². The new ground extends interpreted copper trends and introduces largely untested gold targets, while Phase 2 drilling continues to push the existing high-grade zone southwest.

Auric Mining has reported a 4-metre intersection grading 10.49 grams per tonne gold west of its planned Munda open pit, alongside a series of high-grade near-surface results inside the Stage 2 design. The results arrive as pit engineering and Ore Reserve work move towards an expected October release ahead of a planned 2027 mining restart.

49 Metals will begin a 3,500-metre follow-up drilling program at its Gold Mountain project in Nevada in October, targeting extensions of the Adit Zone discovery. The campaign is fully funded and follows a maiden program in which all 22 holes intersected gold and/or silver mineralisation.

Bannerman Energy has moved its Etango uranium project materially closer to construction after completing a A$124 million placement and clearing conditions for its CNOL strategic investment. The project is advancing on site, but full-scale construction still depends on Final Investment Decision and completion of the joint venture documentation.

Sarytogan Graphite has confirmed copper mineralisation across the full 452.5-metre length of its third diamond hole at Ilksan in Kazakhstan. The result strengthens the porphyry interpretation, although the 0.063% copper average is notably below the two nearby holes.

Artemis Resources has repositioned around West Pilbara gold-copper exploration and the emerging Madura province, but its audited accounts warn that further funding is required to sustain planned activities. The company ended the year with $3.45 million in cash after an $8.81 million loss and a $5.23 million exploration write-off.

Washington H. Soul Pattinson delivered a record statutory profit after its Brickworks merger, but the headline $2.191 billion result was dominated by accounting gains that will not recur. More durable measures also improved, with Net Cash Flow From Investments rising 11.5%, post-tax NAV reaching $14.5 billion and the final dividend increasing to 63 cents per share.

Globe Metals and Mining has completed a bullish bankable feasibility study for its Kanyika niobium project, but the company still needs substantial funding to reach production. A proposed Sinomine transaction and a September mining-development deadline add urgency to the next phase.

Resource Minerals International has expanded its exploration push across Tanzania and Saudi Arabia, but auditors flagged a material uncertainty over the company’s ability to continue without future capital raisings. The ASX-listed explorer ended FY2026 with $2.12 million in cash after raising funds through placements and convertible securities.

Cygnus Metals’ proposed takeover by Central Asia Metals has been pushed into October after a required Kazakhstan regulatory approval remained outstanding. The revised timetable targets scheme implementation on 27 October, but the dates remain conditional.

Powerhaus Uranium entered the ASX with a $2.14 million annual loss, $1.51 million operating cash outflow and net liabilities at 30 June 2026. A subsequent $9 million IPO and the Hidden Bay acquisition have given the early-stage explorer a larger exploration runway, but drilling remains subject to approvals and future funding will still matter.

Nexus Minerals has more than doubled its Wallbrook Mineral Resource to 631,000 ounces, lifting group resources to 709,000 ounces across Western Australian projects. The expansion comes alongside a $6.53 million FY2026 loss, falling cash reserves and a post-year-end $5.4 million capital raising.