Latest Strategy Changes News

Australian Vanadium has secured up to $15 million from the Western Australian Government to develop its first proposed V-NOMAD vanadium electrolyte facility. The grant advances AVL’s vertically integrated battery strategy, but the project remains proposed and requires the company to fund the balance.

Matsa Resources’ creditors have postponed a decision on the proposed restructuring of two subsidiaries after administrators received an alternative deed proposal at the meeting. A further report is expected before creditors reconvene on 12 November.

Pacific Lime and Cement has secured firm commitments for a A$50 million placement while advancing a proposed US$15 million convertible note with the United States International Development Finance Corporation. The funding is aimed at moving its Papua New Guinea lime, cement, port and industrial precinct projects towards construction and commercialisation.

Citigold has signed a binding joint venture with Native Mineral Resources covering 40 tenements around Charters Towers, including most of its reported Central and Warrior resources. NMR will fund and control proving-up drilling, with a mining decision still dependent on results, approvals and economics.

PhosCo’s updated scoping study gives its 100%-owned Gasaat phosphate project in Tunisia a US$732 million post-tax NPV, 52% IRR and 49-year mine life. The economics are substantial, but the project still needs a mining concession, water supply, offtake agreements and about US$220 million in funding.

Lithium Plus Minerals has opened a Share Purchase Plan seeking up to A$1 million from eligible Australian and New Zealand shareholders at A$0.10 a share. The funds are earmarked for the Lei Project’s pre-feasibility study, exploration and offtake discussions.

Codan will acquire US mission-critical recording specialist Eventide Communications for about A$244 million, adding evidence capture and AI analytics to Zetron’s command-and-control software. The deal is expected to be mid-single-digit EPS accretive in its first full year, including synergies, but will also add debt and integration costs.

OpenLearning has nearly tripled its placement to $430,000, taking commitments to its broader capital raising to $980,000 before the entitlement offer opens. The company could raise up to approximately $2.49 million, but the larger component remains dependent on shareholder participation.

Solaris Australian Equity Income Plus is seeking up to $91.97 million through a placement and 1-for-3 entitlement offer priced below its market price. The capital is intended to enlarge the portfolio ahead of February and March dividend opportunities, but the offers are non-underwritten and non-renounceable.

TMK Energy’s Gurvantes XXXV pilot delivered record October gas production as its two-rig work program got underway in Mongolia. The regulator has accepted the gas discovery declaration, but a Gas to Power investment decision has been pushed into 2027.

Biotron CEO and executive director Glenn Gilbert has started more than two months ahead of schedule, immediately taking charge of a strategic review centred on SedRx. The review will also test development priorities, capital allocation and partnering options across the company’s drug portfolio.

Myer Holdings crossed the $4 billion sales mark in FY26, but a tougher consumer environment, weaker underlying earnings and $279.6 million of post-tax impairments pushed the department store operator to a $276.5 million statutory loss. The group enters FY27 with $100.1 million of net cash, no final dividend and a large execution burden.