Latest Acquisitions News

TZ Limited is still seeking funding after failing to complete its shortfall share placement, with $1.3 million in debt and vendor obligations due. The company says a management restructure, cost cuts and commercial opportunities could improve cash generation, but several forecasts remain conditional.

Aspen Group delivered a sharp rise in FY26 earnings and distributions, then lifted its FY27 targets despite a softer residential sales market. The property group is expanding its affordable rental and development platform, but debt and valuation sensitivity are rising with it.

Pioneer Minerals is pursuing staged options over a 3,477-hectare Argentina gold-copper-silver project where historical drilling returned broad, high-grade polymetallic intervals. The proposed acquisition is paired with an A$1.8 million funding package, but both the transaction and most of the capital raise require shareholder approval.

Electro Optic Systems has signed its largest-ever contract, worth £370 million or about A$700 million, to deploy a nation-wide counter-drone network in an unnamed Gulf state. The opportunity is substantial, but remains conditional on guarantees, an advance payment, export licences and further consents.

AXP Energy has conditionally agreed to acquire seven previously producing Oklahoma wells, surrounding leases and production infrastructure for US$225,000, with a proposed US$1.05 million recompletion program. The transaction could expand AXP’s Oklahoma footprint and support earlier production, but completion, technical results and abandonment liabilities remain unresolved.

Hammer Metals has dispatched an amended scheme booklet after correcting several computational errors in performance-rights valuations and director-interest disclosures. The proposed Austral takeover remains unchanged, with shareholder votes scheduled for 9 November and the independent expert’s favourable conclusion intact.

Iris Cairns Property has opened an unconditional $4.67-per-unit takeover offer for the remaining units in Reef Casino Trust, after building an 85.77% stake through its initial bid. The offer values the remaining units at up to approximately A$33.1 million and could lead to compulsory acquisition and ASX delisting.

Pioneer Minerals has entered a voluntary suspension while it prepares an announcement covering a capital raise and material acquisition. Trading is expected to resume on 9 October 2026 or once the announcement is released, whichever comes first.

Alvo Minerals has secured A$1 million from strategic and existing investors while reporting broad, near-surface dysprosium and terbium mineralisation at its Bluebush project in Brazil. The results strengthen the exploration story, but metallurgy, permeability and a maiden resource remain ahead.

Environmental Clean Technologies has confirmed MXene formation in two preliminary Flash Joule Heating runs, moving its US-focused programme from laboratory theory to physical product. The harder commercial tests remain ahead: repeatability, customer qualification, scale-up and shareholder approval for the Xenica acquisition and second placement tranche.

Prodigy Gold has launched a fully underwritten $7.92 million entitlement offer to fund exploration and project approvals, but the capital raising could also lift three existing substantial holders above their current voting stakes. The non-renounceable offer is priced at $0.047 a share, below the stock’s recent three-month low of $0.049.

Southern Cross Gold has accelerated drilling and underground development at Sunday Creek, spending $32.9 million during the August quarter while cash fell to C$84.0 million. The company remains aimed at a maiden mineral resource in the first quarter of 2027, but poor ground conditions have pushed exploration decline completion back by a month.