Latest Mergers And Acquisitions News

GBM Resources secures $13 million through a strategic placement, repays $6.2 million in debt, and restructures its board to accelerate exploration in the Drummond Basin. The company also regains full ownership of the Twin Hills gold asset, positioning itself for growth.

Vulcan Energy has signed a landmark 35-year agreement to supply renewable geothermal heat to EnergieSüdwest in Germany, marking a major milestone in its integrated lithium and renewable energy strategy.

Veris Limited has announced a significant turnaround in FY25 with an expected profit before tax of up to $2 million, reversing last year's loss, driven by strategic digital spatial initiatives and acquisition integration.

FOS Capital has completed its acquisition of Aldridge Traffic Systems, backed by a $3.7 million placement, marking a strategic expansion in the Australian lighting market.

Flagship Minerals has exited its lithium project in Chile amid market oversupply, redirecting resources to its Pantanillo Gold Project with a significant 1.05 million ounce gold resource estimate.

Revolver Resources has completed the final milestone of a Queensland government grant, unlocking full funding to fast-track its Dianne Copper Mine Project towards production in 2026.

Podium Minerals has successfully raised approximately A$2.6 million through an oversubscribed entitlement offer, securing strong shareholder support to advance key metallurgical work and maintain strategic tenements at its Parks Reef Project.

Novo Resources Corp has significantly enhanced its exploration portfolio with new farm-in agreements and a joint venture with Northern Star Resources, targeting standalone gold and copper projects with over 1 million ounces potential.

Xstate Resources has appointed joint lead managers for a $2-3 million capital raise aimed at re-compliance with ASX listing rules and trading reinstatement. The company also plans a key acquisition pending shareholder approval.

Platinum Capital faces a significant hurdle as L1 Capital, holding nearly 17% of shares, declares opposition to its proposed restructuring scheme. The Board remains supportive but is exploring alternatives.

HITIQ Limited has closed its pro-rata rights issue, raising $360,426 before costs, and is now focusing on placing the remaining shortfall of shares within three months.

Engenco Limited is set for trading suspension and delisting from the ASX after Elph Investments secures a 95.57% stake and moves to compulsorily acquire remaining shares.