♟️ Wednesday 1 October 2025 Wed, 1 Oct 2025

Excite Technology Services has raised $2.1 million through convertible notes from institutional investors, including key backer Belgravia Strategic Equities, to fund cost restructuring and operational improvements.

Nova Minerals’ U.S. subsidiary has won a $43.4 million award from the U.S. Department of War to accelerate production of military-grade antimony trisulfide at its Alaska Estelle Project, aiming to strengthen domestic critical mineral supply.

Podium Minerals has announced a major metallurgical breakthrough with a new concentrator flowsheet achieving approximately 80% recovery of key platinum group metals, advancing its Parks Reef Project towards commercialisation.

Podium Minerals has unveiled a breakthrough concentrator flowsheet for its Parks Reef Project, achieving approximately 80% recovery of platinum, palladium, and gold from bulk sulphide ore. This innovation promises to unlock multiple commercial pathways and de-risk project development amid tightening global PGM markets.

Anatara Lifesciences has raised $1.2 million through a discounted share placement to fund its Anti-Obesity project and explore new opportunities. The capital injection reflects strong institutional support amid ongoing pipeline development.

Kingsland Minerals has raised $1.6 million through a share placement, with major shareholders increasing stakes, and appointed a new chairman as it prepares to start a pre-feasibility study at its Leliyn Graphite Project.

Flagship Minerals has raised $4 million through a share placement, including a strategic $2.5 million investment from global EPC leader Xinhai, to advance the Pantanillo Gold Project towards feasibility and development.

The ASX has suspended the securities of over 20 companies for failing to lodge their periodic reports on time, signaling regulatory vigilance and raising questions about compliance and market impact.

Dyno Nobel has finalised the sale of its Fertilisers Distribution business and is advancing strategic shifts including a new US TNT manufacturing partnership, underpinning a strong FY25 outlook.

Victory Metals has taken a significant step forward by signing a non-binding Letter of Intent with Sumitomo Corporation to supply heavy rare earths from its North Stanmore project, marking a deepening of their strategic partnership.

Eagers Automotive Limited is set to acquire a controlling 65% interest in CanadaOne Auto Group in a transaction valued at C$2.145 billion, with closing anticipated in early 2026.

Vanadium Resources Limited has appointed mining entrepreneur Nick Diack as CEO to spearhead the transition of its Steelpoortdrift Vanadium Project towards near-term production, signaling a strategic shift backed by strong industry expertise and performance-linked incentives.

Mont Royal Resources Ltd has lodged a replacement prospectus to raise between A$8 million and A$10 million, supporting its merger with Commerce Resources Corp and advancing critical minerals projects in Quebec, Canada.

Infinity Metals has submitted key documentation for its San José Lithium Project mining licence in Spain, moving closer to public consultation despite delays. The company also announces executive role changes to streamline costs amid a softer lithium market.

OD6 Metals has selected an innovative process flowsheet for its Splinter Rock Rare Earth Project, achieving approximately 75% recovery of key rare earths with superior product purity and optimized costs. This milestone sets the stage for advanced testing and mining studies as the company advances toward production.

Southern Cross Gold Consolidated Ltd has reported compelling drill results from its Rising Sun prospect at Sunday Creek, Victoria, confirming high-grade gold-antimony continuity and exceptional antimony grades that reinforce the project’s global significance.

Macro Metals has received the final tranche of a $4 million strategic placement from Paramount Earthmoving, boosting its funding and expanding Paramount’s stake to over 9%. This capital injection positions Macro Metals to advance its mining services revenue ambitions.

Platinum Capital Limited’s extraordinary general meeting on 1 October 2025 saw shareholders appoint three L1 Capital nominees to the board while rejecting Wilson Asset Management’s candidates, setting the stage for a potential change in investment management.

Biome Australia Limited has reported a record-breaking $5.94 million in sales revenue for Q1 FY26, surpassing forecasts and accelerating toward its ambitious Vision 27 revenue goals.

Boss Energy has appointed Matthew Dusci as Managing Director and CEO, marking a leadership transition aimed at driving operational focus and production growth at its Honeymoon uranium project.

Platinum Asset Management has finalized its merger with L1 Capital, issuing over 1.65 billion new shares and announcing a rebrand to L1 Group Limited alongside significant board changes and share escrow arrangements.

Ramelius Resources has reported a substantial 38% increase in Mineral Resources and a remarkable 118% rise in Ore Reserves as of June 2025, underpinned by new project inclusions and a promising Pre-Feasibility Study for its Break of Day underground mine.

Perseus Mining has confirmed Craig Jones as its new Managing Director and CEO, effective October 1, 2025, following Jeff Quartermaine's retirement. This leadership transition marks a new chapter for the gold miner.