Latest MMR News

MEC Resources has successfully closed its Options Placement Offer, raising $359,162 through strong shareholder support. The fully subscribed offer sets the stage for the company’s next development phase.

MEC Resources has bolstered its stake in Advent Energy with a $1.55 million loan while navigating a pivotal Federal Court hearing on the PEP 11 Joint Venture. Meanwhile, progress on Clean Hydrogen Technology signals potential growth avenues.

MEC Resources Limited has extended the closing date for its Options Placement Offer to 3 February 2026, adjusting the timetable for issuing and listing new options.

MEC Resources Limited reminds eligible shareholders to participate in its Options Placement Offer closing on 20 January 2026, presenting a low-cost chance to increase exposure to its energy projects. Directors have already committed to their full entitlements, signaling confidence in the company’s direction.

MEC Resources Ltd has announced a placement of over 359 million new options to raise approximately $359,000, with directors participating to offset fees. The offer comes as the company navigates ongoing legal challenges related to its key PEP-11 permit.

MEC Resources has advanced its investment in Advent Energy and issued shares to directors, while its PEP 11 Joint Venture faces ongoing legal scrutiny ahead of a Federal Court hearing.

MEC Resources has responded to ASX inquiries about unusual trading activity, confirming no undisclosed information but highlighting ongoing Federal Court proceedings involving its investee company.

MEC Resources Ltd has reported a net profit of $207,490 for the 2025 financial year, reversing prior losses, while advancing a significant legal challenge through its investee Advent Energy Ltd and raising $2.6 million via an entitlement offer.

MEC Resources has boosted its investment in Advent Energy, navigates ongoing PEP-11 permit legal challenges, and highlights promising developments in clean hydrogen production.

Advent Energy, in which MEC Resources holds a significant stake, is pursuing a judicial review against the federal government's refusal to extend the PEP-11 offshore petroleum permit. This legal move could reshape the future of the project and its stakeholders.

MEC Resources has successfully completed a $2.65 million entitlement offer and resumed trading on the ASX after nearly five years of suspension. The company is now focused on advancing its energy investments, including navigating ongoing legal issues with its Advent Energy joint venture.

MEC Resources has moved to place remaining shortfall shares and options following its recent entitlement offer, signaling a continued push to strengthen its capital base.