Latest Acquisition News

Metal Bank Limited (ASX – MBK) has announced a partially underwritten entitlement offer aiming to raise $2.32 million to fast-track its Western Australia gold projects and explore graphite potential in Queensland. The offer, priced at $0.014 per share, is supported by Equator Capital Management Ltd and targets existing shareholders.

Enegex Limited is poised to resume trading on the ASX following an announcement about a significant acquisition and capital raising, signaling a pivotal moment for the renewable energy company.

Enegex Limited has secured a significant gold exploration portfolio in Côte d’Ivoire, acquiring over 3,700 square kilometres of highly prospective permits and setting the stage for near-term drilling. The acquisition is backed by $5 million in funding and the appointment of seasoned West African exploration leader Paul Roberts as Managing Director.

QPM Energy has reported its first-ever profit alongside a 12.6% revenue increase and significant growth in gas reserves and electricity generation capacity.

Way2VAT is advancing its position as a global leader in digital tax processing through a strategic acquisition and a robust four-pillar growth plan, targeting profitability by 2026 amid expanding market opportunities.

Way2VAT Ltd has secured a strategic acquisition of UK-based RBC VAT Limited alongside a $4.1 million placement, accelerating its expansion in VAT compliance and consultancy services.

Forrestania Resources has agreed to acquire four exploration licences adjacent to the Edna May Gold Mine, aiming to strengthen its position in Western Australia's Southern Cross region.

Forrestania Resources has agreed to acquire a significant 7.37% stake in Kula Gold through a $1.87 million share subscription, reinforcing its strategic foothold in Western Australia's Southern Cross gold region.

Delorean Corporation has locked in a $14.5 million lower-cost loan facility with National Australia Bank to fund its SA1 Salisbury Bioenergy Project, refinancing existing debt and freeing capital for further bioenergy developments.

Loyal Metals has validated an extensive historical drilling dataset at Queensland's Highway Reward Mine, revealing significant unmined copper-gold mineralisation and setting the stage for a new exploration phase backed by $5.8 million in funding.

Myer Group posted modest sales growth in FY25, buoyed by the Apparel Brands acquisition, but faced profitability challenges from operational disruptions and macroeconomic pressures. The Group is advancing its omni-channel strategy and cost management initiatives while addressing National Distribution Centre issues.

Myer Holdings reported a 13.8% revenue increase in FY25, boosted by its acquisition of Apparel Brands, yet faced a statutory net loss of $211.2 million due to goodwill impairment. The integration of Apparel Brands is underway, with strategic growth initiatives in motion.