Latest Mergers And Acquisitions News

Pengana International Equities has settled Supreme Court proceedings and agreed steps aimed at ending a related Takeovers Panel application, clearing a path for its buy-back and strategic reset. Antipodes will manage the portfolio under a new Board led by interim chairman Frank Gooch after the transaction.

HiTech Group has secured a $4 million placement to fund working capital after completing its acquisition of selected Hudson assets. The deal creates a larger national recruitment platform, but also leaves the company managing higher payroll demands, new debt and unfinished customer novations.

Bass Oil has put a 1,280-barrel-per-day Bunian 6 test and planned Vanessa gas sales at the centre of its next growth phase. The company is also promoting Kiwi as a larger, longer-dated development opportunity, although much of the upside remains subject to testing, funding and execution.

Horizon Oil has used its Pareto Securities presentation to put record FY26 production, enlarged reserves and a multi-country drilling pipeline at the centre of its growth case. The stronger platform comes with a test: convert a long list of projects into sustained cash flow while preserving shareholder returns.

Enova Mining has secured an exclusive 30-day option over a large Brazilian monazite project while lining up almost $2 million in funding. The opportunity remains conditional on due diligence, shareholder approval and Enova’s decision to exercise the option.

Rivco Australia has outlined a long-term water scarcity thesis, a 61 GL portfolio concentrated in the southern Murray-Darling Basin and a revised dividend framework beginning in 2027. The ASX-listed water investor says future dividends will be anchored more heavily to operating earnings rather than realised capital gains.

Atomic Eagle has identified broad interpreted uranium zones at two early-stage exploration targets in Zambia, including a 600m by 200m zone at Muntanga North Target 5. The company still needs follow-up drilling to establish whether the mineralisation is continuous and significant enough to support resource growth.

Reliance Worldwide Corporation has signed a binding scheme implementation deed for Brookfield to acquire all shares for US$3.38 each, equivalent to about A$4.75 at the stated exchange rate. The recommended deal now enters a limited window for rival proposals before shareholder, court and regulatory approvals are sought.

Meeka Metals has lifted its group Mineral Resource to approximately 1.5 million ounces after adding a maiden 270koz estimate for Mt Holland in Western Australia. The expansion comes with a sharper distinction between exploration potential and mine-ready inventory, as Ore Reserves fell to 355koz after depletion and portfolio changes.

Global Lithium’s Manna-Nova integration study nearly doubles the project’s post-tax NPV to A$945.7 million while cutting funded pre-production capital by 59%. The plan targets first direct shipping ore in May 2027 and spodumene concentrate production by mid-2027, but still depends on funding, approvals and a final investment decision.

Emerald Resources has secured lender backing for a US$200 million acquisition facility that could expand to US$400 million, while saying its existing cash position will fund the Dingo Range and Memot developments. No acquisition has been announced, but the mandate gives the gold producer a larger pool of capital for future deals.

Li-S Energy says its Geelong lithium-sulfur production line is complete and has delivered 10Ah Power Cells to the US Army for testing. The company is targeting its first commercial battery sale in 2027, while holding A$15.6 million in cash and investments and A$9.3 million in secured grants yet to be received.