Latest Asset Divestment News

Noronex Limited has received a non-refundable $200,000 option fee from Joint Era Mining, moving forward the $4.5 million sale of its Witvlei Project in Namibia and setting a three-month exclusivity period for due diligence.

Hastings Technology Metals has secured shareholder approval to distribute Metal Bank shares as it divests its gold assets, marking a strategic pivot towards rare earths.

White Energy Company Limited has launched a 5-for-12 partially underwritten entitlement offer at $0.027 per share, aiming to raise approximately $3.5 million to fund mineral exploration and corporate needs. Major shareholders and directors have committed to participate, while the offer excludes ineligible shareholders and related parties.

Aeris Resources reported solid FY25 results within guidance and secured $80 million in new equity to fund exploration and development projects, positioning itself for significant growth in FY26.

Horizon Minerals has agreed to sell its Lake Johnston Project to Forrestania Resources for $35 million, aiming to refocus on advancing its Black Swan gold operations.

Vicinity Centres reported a record statutory net profit exceeding $1 billion for FY25, driven by strategic asset acquisitions and strong retail sales growth. The company reaffirmed its FY26 earnings guidance amid positive retail sector momentum and ongoing portfolio enhancements.

Triton Minerals progresses the sale of its Mozambique graphite assets despite ongoing legal challenges, while initiating exploration at its promising Aucu Gold-Copper Project.

Aurumin Limited has entered a scheme implementation deed with Brightstar Resources for a full acquisition, while raising $6 million from non-core asset sales to fund exploration at its Sandstone Gold Project.

Aeris Resources has announced a significant $90 million equity raise through a placement and share purchase plan, aiming to strengthen its balance sheet and fund key growth projects. The raise comes with a discount to recent share prices and supports the company’s strategic expansion and operational improvements.

GBM Resources has launched a major drilling campaign at its Twin Hills gold project and raised A$40 million to fund exploration and development across its Drummond Basin portfolio.

Hastings Technology Metals has completed a transformative joint venture with Wyloo for its Yangibana Rare Earths Project, eliminating $123 million in debt and divesting its gold portfolio to sharpen its rare earths focus.

Deterra Royalties reported a 10% rise in quarterly revenue driven by iron ore royalties and gold offtakes, completed a US$82 million sale of non-core assets, and marked progress on the Thacker Pass lithium project amid leadership changes.