Latest Mergers And Acquisitions News

Sarytogan Graphite has launched a non-renounceable entitlement offer targeting up to $3.85 million, but only $1 million is underwritten and the issue depends on a Kazakh regulatory permit. The prospectus also flags going-concern uncertainty, substantial future project funding needs and dilution for shareholders who do not participate.

Delorean has reached Financial Close on its $62.1 million NSW1 Horsley Park bioenergy facility, activating $30.5 million of government grants and a 25-year Brickworks gas supply agreement. Procurement can now begin, with construction targeted for early 2027, although Tanarra’s debt documentation and the project’s funding mix still warrant attention.

49 Metals has secured a historical database pointing to broad, near-surface gold mineralisation and extensive gallium anomalism at its Buffalo Canyon project in Nevada. The data came at no cash cost, but the opportunity remains unverified and still requires new exploration.

Otto Energy will sell its 50% South Marsh Island 71 interest to Byron Energy for US$2.5 million upfront, reserved production proceeds and a bond refund, while transferring the field’s decommissioning liabilities. The deal still needs shareholder approval and could leave Otto questioning whether it has enough operating scale to remain listed.

Goodman Group and Digital Realty have acquired a 9.9% interest in NEXTDC through a jointly owned vehicle, putting two major data centre investors on the company’s register. The pair ruled out any present takeover or control proposal, but reserved the right to change position.

Andean Silver has uncovered multiple high-grade silver-gold shoots outside the current resource at Cerro Bayo, including new Lucia veins at Dagny and the Temer 4 vein near the processing plant. The results are being folded into resource growth work and production restart studies, with a resource update due in the first half of 2027.

Skylark Minerals is expanding its Côte d’Ivoire exploration footprint with staged earn-ins over the Amie and Yaou gold projects, targeting up to 97% ownership of each. The early-stage acquisitions add prospective ground, but both projects remain subject to permits, validation work and years of exploration.

Service Stream will acquire Programmed for $975 million and raise $475 million in new equity, targeting more than 20% pro forma FY27 EPS-A accretion. The deal would sharply increase scale, but also leaves shareholders facing dilution, higher debt and a substantial integration task.

Broken Hill Mines has outlined a conceptual Exploration Target at its Centenary Zone ranging from 13.2Mt to 17.1Mt, with grades of up to 12.5% zinc equivalent. The target sits outside the existing resource and close to the operating Rasp Mine, but remains untested as a Mineral Resource.

X2M Connect has lodged a prospectus for a $3.6 million non-renounceable entitlement offer, with shareholders offered discounted shares, options and bonus shares. The raise is intended to fund technology and data centre initiatives, but the offer is not underwritten and the company warns that failure to complete it would create significant uncertainty over its ability to continue as a going concern.

QMines has exchanged binding contracts to acquire 25 freehold parcels adjoining its Mt Chalmers copper-gold project for $5.5 million. The land is intended to host key mine infrastructure and opens access for 103 planned drilling holes, although settlement, approvals and technical work remain ahead.

Botala Energy has completed its A$1.35 million placement and is seeking up to a further A$1.5 million from existing shareholders at A$0.045 a share. The funds are earmarked for flow testing and production activities at the Pitse Pilot, exploration drilling and working capital.