Latest Strategy Changes News

Galan Lithium says first lithium chloride concentrate sales from its Hombre Muerto West operation remain on track for the fourth quarter of 2026, while plant performance improves and expansion earthworks begin. The company has also reported at least 98% sulphate rejection from its nanofiltration plant across more than three months of data.

Brookside Energy has started stimulation work on two wells at its Suttles Pad in Oklahoma, with 64 stages planned before drill-out, flowback and production. The milestone brings the company’s approximately 70% working interest in the development closer to first sales, although no production date or volume guidance was provided.

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.

Wia Gold has moved Kokoseb from exploration into a proposed mine development backed by a 1.95 million ounce Probable Ore Reserve, A$217 million in equity raised since May and indicative US$360 million debt terms. The funding pathway is substantial, but it still depends on permits, lender approvals and final documentation before construction can fully proceed.

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.

Sagalio Energy has signed a binding subscription agreement with two investors for a proposed A$221,033 share placement. The funds are earmarked for working capital and repayment of existing debt, but completion still depends on cleared subscription funds.

Streamplay’s Noodlecake Studios has secured the mobile publishing rights to Space Warlord Baby Trading Simulator, adding a distinctive PC and console title to its pipeline. The iOS and Android release is targeted for Q1 2027, but revenue terms and launch outcomes remain undisclosed.

Galilee Energy will begin sidetracking the Zydeco-1 well on 28 September to test five shallow oil zones in Louisiana. The A$3.5 million program is funded, but any move into production still depends on drilling, evaluation and flow-test results.

The Fonterra Shareholders’ Fund reported a 38% FY26 total unit-holder return, supported by a $2.73 per-unit cash distribution after Fonterra’s Mainland divestment. Reported revenue fell 27% to NZ$287 million, reflecting the Fund’s passive structure and fair-value accounting rather than an operating loss.

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.

Western Yilgarn expanded its inferred bauxite inventory to 244Mt and added gallium, tellurium, cobalt, scandium and gold targets during FY2026. But the explorer ended the year with $159,481 in cash, a $1.78 million loss and an auditor warning that further funding is required to continue planned activities.