Latest Strategy Changes News

Macarthur Minerals has announced a fully underwritten pro-rata rights issue to raise nearly A$2 million, aiming to fund corporate operations and advance strategic options for its Lake Giles Iron Project.

Chorus Limited has lodged a replacement Product Disclosure Statement for its $170 million Capital Notes offer, confirming S&P’s equity content treatment and updating key offer dates and terms.

Reef Casino Trust reported stable 2024 financial results with steady distributions, while confidential takeover proposals from two groups are under board review. Operational challenges include rising regulatory costs and inflationary pressures.

Lykos Metals announces key leadership changes with David Wheeler stepping up as Non-Executive Chair and Petar Tomasevic taking the helm as Interim CEO, signaling a strategic pivot as the company advances in the Balkan region.

Reef Casino Trust projects a drop in first-half distributable profit for 2025, citing stable revenues but increased regulatory and transaction-related expenses.

GreenHy2 Limited has broadened its renewable energy storage portfolio by integrating graphene-based hybrid supercapacitor batteries, reporting robust FY24 growth and advancing key customer trials.

Auric Mining Ltd has unveiled a capital raising plan aimed at boosting gold production and expanding its resource base through 2028, including key acquisitions and exploration initiatives.

Auric Mining has raised $6.66 million through a strongly supported placement to fund key acquisitions and boost gold production amid record prices.

3P Learning forecasts steady revenue for FY25 but anticipates a significant 20% uplift in underlying EBITDA and a stronger net cash position, driven by strategic product expansions.

Sietel Limited’s half-year results to March 2025 reveal an 11% revenue drop and a near 50% plunge in net profit, reflecting tough market conditions in property leasing and startup investments.

Zenith Minerals has secured a binding agreement to sell its 20% stake in Turkey’s Kavaklitepe Gold Project for US$543,000, marking a strategic shift to focus on its Australian gold assets.

Rimfire Pacific Mining has agreed to sell an option on its Cowal Copper Gold Project to Copper Search Limited, unlocking up to $700,000 in milestone payments. This strategic move allows Rimfire to concentrate on its scandium assets amid tightening global supply.