Latest Asset Acquisition News

My Foodie Box Ltd reported a $1.39 million profit for FY24 following the sale of its meal kit business to MFB (WA) Pty Ltd, receiving a 40% stake and vendor financing arrangements. The company now seeks new assets to restore shareholder value amid ongoing financial uncertainties.

Tyranna Resources has completed initial steps to acquire a majority interest in Angola’s Maongo Copper-Gold Project, complementing ongoing lithium exploration at Namibe. The company is poised to restart mining activities dormant since the 1960s, backed by a solid cash position and strategic regional assets.

Tigers Realm Coal’s planned sale of its Russian subsidiaries faces significant delays and a pricing impasse, with regulatory hurdles and sanctions complicating the exit process and triggering an ASX trading suspension.

Skylark Minerals reports solid progress in its Simon Copper and Perseverance Projects with ongoing fieldwork analysis, while maintaining a strong cash position and advancing gold asset acquisitions.

Key Petroleum has moved its eight Potential Commercial Area applications into formal government evaluation, aiming to secure long-term tenure in Queensland’s Cooper-Eromanga Basin. Meanwhile, the company raised A$129,000 through an entitlement offer and is exploring international growth opportunities.

Xstate Resources has pushed back the closing date of its public offer to early August, setting the stage for a potential ASX re-listing by late August following key approvals and asset acquisition.

Karoon Energy reported a 25% jump in net revenue interest production for Q2 2025, driven by operational recovery and the Baúna FPSO acquisition. The company also advanced its Neon development with a significant resource upgrade.

Karoon Energy announces CEO Dr Julian Fowles will depart by mid-2026 as the company relocates key corporate roles to Brazil and the USA, initiating a global search for a Houston-based successor.

Openn Negotiation Ltd moves forward with a creditor-approved recapitalisation plan following voluntary administration, while its shares remain suspended on the ASX.

Openn Negotiation Ltd remains under a Deed of Company Arrangement with no operational activity during the September quarter, focusing on recapitalisation efforts following insolvency and voluntary administration.

Medallion Metals reports standout gold and copper assays from Harbour View infill drilling, reinforcing resource confidence ahead of a July update and advancing its strategic Forrestania acquisition.

Bluechiip Limited has completed the sale of its assets amid liquidation, with creditors voting to wind up the company and no expected returns for unsecured creditors or shareholders.