♟️ Tuesday 2 June 2026 Tue, 2 June 2026

The ACCC has moved Peter Warren Automotive’s proposed acquisition of 30 Wakeling Automotive dealerships to a Phase 2 review, citing risks of reduced competition in Sydney’s Macarthur region.

The ACCC has moved Peter Warren Automotive’s acquisition of Wakeling Automotive’s 30 dealership sites into a Phase 2 review amid concerns it could dominate Sydney’s Macarthur region new car market, controlling 25 of 33 dealerships locally.

Northern Star Resources acknowledges Elliott Investment Management's views and reiterates its focus on leadership succession, project milestones, and strategic corporate reviews.

Group 6 Metals disclosed breaches of ASX Listing Rule 10.1 due to related party transactions made without required shareholder approval during a period of negative equity. The company will seek retrospective approval at a July meeting and has since returned to positive equity.

Lode Resources has discovered a new silver-zinc replacement mineralisation system adjacent to its existing Montezuma silver-antimony resource in Tasmania, opening a fresh exploration front with potential to significantly expand its 8.2Moz AgEq resource base.

ImpediMed has revamped its leadership with two new commercial roles and reported encouraging sales momentum for its SOZO device. The company is advancing clinical trials and expanding its presence in cancer survivorship, weight management, and heart health sectors.

The Takeovers Panel has declined to investigate Skin Elements Limited's allegations of undisclosed investor associations following a $2.5 million placement, after 62 Capital agreed to waive transfer restrictions on placement securities.

Pure Resources has appointed retired US Navy Vice Admiral Jeff Trussler to its advisory board, aiming to fast-track US government funding and integration of its advanced materials into defence supply chains.

Tasmea Limited is set to acquire Maxim Group for up to A$254 million, bolstering its presence in Victoria and accelerating exposure to high-growth sectors like Data Centres, BESS, and Infrastructure. The deal promises immediate EPS accretion of around 31% and positions Tasmea as one of the largest electrical contractors on the ASX.

Xenitra Limited has locked in a four-year exclusive distribution agreement for Biomiq Skincare in Greater China, targeting $5 million in minimum purchases and integrating the brand into its blockchain tokenised sales ecosystem.

Bison Resources has appointed Tim Mackellar as CEO, leveraging his senior mining and capital markets experience to drive exploration and development efforts.

Viridis Mining has secured a non-binding Letter of Intent with Solvay to supply Mixed Rare Earth Carbonate from its Colossus Project, aiming for commercial production by 2028 and advancing Western-aligned rare earth supply chains.

Evion Group has appointed former Australian Ambassador to the US, Arthur Sinodinos, as Strategic Advisor to accelerate its US critical minerals strategy following its acquisition of the CARP Fluorspar Project in Nevada.

SRG Global has locked in $1.85 billion in contracts across multiple sectors and upgraded its FY26 EBITDA guidance to the top end of $168 million, while initiating FY27 guidance between $190 million and $200 million, surpassing market expectations.

Heartland Group Holdings has agreed to acquire TSB Bank for NZD 620 million, merging the two into a challenger bank with $18 billion in assets and expected 20% EPS accretion.