Latest Mergers And Acquisitions News

CZR Resources has pushed back its shareholder meeting on the proposed Zuleika Gold acquisition and extended its takeover offer by 30 days. The offer now closes on 6 November, while its defeating conditions remain unresolved.

Magnum Mining has completed a 10,000-metre auger programme at its Piracanjuba North ionic adsorption clay rare earths project in Brazil, shifting its focus to a 32.5km² plateau zone. The company is targeting a maiden JORC 2012 Mineral Resource Estimate in November, but the project remains at an early exploration stage with no declared resource or reserve.

Canterbury Resources has reported a broad copper-molybdenum intercept at Briggs while early core observations suggest its John Hill deposit may extend beyond the current resource boundary. The results support ongoing resource upgrades and feasibility work, but John Hill assays are still pending.

Many Peaks Minerals has extended the tested vertical depth of gold mineralisation at its Ferké project by about 70%, with a deepest intercept returning 40.3 metres at 3.89g/t gold. The results support a planned resource update and preliminary assessment of underground mining, but remain exploration results outside the current resource.

Waratah Minerals has reported its strongest drilling result to date at the Spur Gold Discovery, with a deep hole returning 46 metres at 7.27 g/t gold. The result extends the Consols Zone and supports four high-grade footwall domains, although the project remains at an early exploration stage.

McLaren Minerals has moved its flagship McLaren Titanium Project into bankable feasibility, backed by a 529 million tonne resource and a 663-hole drilling campaign. But the pre-revenue explorer remains reliant on further funding, with the Barossa acquisition still conditional and 118.4 million options issued after year-end.

Novo Resources is positioning a A$8 million cash balance and A$37.54 million investment portfolio behind a broad Australian gold, copper and polymetallic exploration push. The strategy brings several drilling catalysts, but also a A$10 million deferred payment due in December and a heavy reliance on future exploration success.

Broken Hill Gold has completed the transfer of its North Queensland exploration portfolio to Manda Resources, setting up a separate vehicle for the assets and a potential in-specie share distribution to BH6 holders. The company will now concentrate on White Dam in South Australia, although shareholder approval and the final Manda IPO structure are still pending.

Capstone Copper will sell its Cozamin copper-silver-zinc-lead mine in Mexico to Luca Mining for up to US$385 million, including US$275 million in upfront cash. The proposed divestment is designed to strengthen Capstone’s balance sheet and redirect capital towards its growth pipeline.

Platina Resources has reshaped itself around a 312 square kilometre gold portfolio in Western Australia’s Laverton district, backed by $8.61 million in cash. The FY2026 annual report shows stronger exploration momentum, but the company remains loss-making and dependent on turning targets into discoveries.

Fortuna Metals has reported a sharply expanded exploration base at its Mkanda rutile and graphite project in Malawi, alongside a narrower FY2026 loss and A$8.6 million of post-year-end funding. The resource remains early-stage and inferred, but the scale and product quality have moved the project into a more consequential development phase.

OD6 Metals has transformed its portfolio with the completed acquisition of Nevada’s Quinn Fluorspar Project, but the strategic expansion comes alongside a larger loss, ongoing funding needs and substantial permitting risk. The company is now targeting drilling and a maiden resource at Quinn while advancing laboratory-scale rare earth processing work at Splinter Rock.