Latest Asset Sale News

Latitude 66 Ltd has strengthened its cash position through strategic asset sales and repaying a short-term loan, positioning itself for targeted exploration in Finland and Western Australia.

Thor Energy wraps up 2025 with strategic shifts towards natural hydrogen and helium exploration, divesting non-core assets while strengthening its copper-gold exposure in South Australia.

Basin Energy has expanded its footprint in Queensland with the acquisition of NeoDys Ltd and maiden drilling at Sybella-Barkly, while confirming significant uranium mineralisation in Sweden and agreeing to sell its Canadian Marshall uranium project.

Basin Energy Limited reported a challenging cash flow quarter ending December 2025, offsetting operational outflows with financing inflows and strategic asset sales. The company remains confident in sustaining operations amid variable exploration costs.

S2 Resources bolstered its cash reserves with a A$17 million sale of its Fosterville licence to Agnico Eagle and advanced exploration in New South Wales and Western Australia, revealing promising copper mineralisation.

OM Holdings has announced that the sale of its 26% interest in Ntsimbintle Mining is now unconditional, paving the way for completion by late February 2026.

ActivEX Limited has completed a $900,000 placement to fund exploration across its Queensland gold and rare earth element projects, while reporting a cash balance of $98,000 at quarter-end. Key drilling results are awaited as the company progresses multiple tenements and JV discussions.

Diatreme Resources has completed the sale of its Clermont Copper/Gold Project, retaining a significant stake in the new ASX-listed Moonlight Resources, while progressing metallurgical improvements and environmental approvals on its critical minerals projects.

NT Minerals Limited reported a mixed cash flow quarter ending December 2025, with ongoing operational losses offset by strong investing inflows and a solid funding buffer. The company signals confidence in continuing operations despite tight liquidity.

Freedom Care Group Holdings has revealed ongoing financial distress with key subsidiaries entering liquidation and persistent delays in payments from the NDIA, leaving the company with a diminished cash reserve and a strategic focus on asset sales and cost reduction.

Pearl Gull Iron Limited has completed the sale of its Cockatoo Island Project, receiving $2.5 million upfront and securing a 4% indirect equity stake in Crestlink Pty Ltd, alongside future royalties. The company is now focused on leveraging these proceeds to explore new opportunities.

White Energy’s subsidiary has agreed to sell key Kentucky coal assets for USD 3.8 million, marking a significant step in recovering outstanding debts from a bankrupt former subsidiary.