Latest Asset Sales News

GBM Resources has received the initial $400,000 payment from Lithium Energy as part of a staged $3.2 million sale of its Mt Morgan Gold-Copper Project, marking a key step in its strategic asset divestment.

Buru Energy has agreed to sell its hydrogen-focused subsidiary 2H Resources and non-core Canning Basin assets to Koloma Australia for up to AUD 2 million, marking a strategic pivot towards its Rafael Gas Project.

Bryah Resources has signed a binding option to acquire the high-grade Golden Pike gold project in Canada, while appointing Greg Hill as its new CEO to steer exploration and development efforts.

Zenith Minerals has successfully raised A$3.5 million through a fully underwritten rights issue, positioning the company to fast-track exploration and resource growth at its key gold projects in Western Australia and Queensland.

Pantera Lithium Limited has agreed to sell its Smackover lithium brine project in Arkansas to Energy Exploration Technologies for A$40 million, combining cash and stock consideration while retaining equity exposure to the lithium sector.

Arizona Lithium has secured A$8 million through the sale of its Big Sandy Lithium Project and Lithium Research Center, sharpening its focus on the Prairie Lithium Project in Canada, which is closer to production.

Peak Rare Earths has completed the sale of its non-core Teesside site in the UK for £3.5 million, redirecting capital to its flagship Ngualla Rare Earth Project and upcoming Shenghe Resources acquisition.

TPG Telecom has received Foreign Investment Review Board approval to sell its fibre and fixed Enterprise, Government and Wholesale assets to Vocus for $5.25 billion, marking a pivotal step in its strategic reshaping.

Site Group International faces a $10 million Federal Court penalty for unconscionable conduct, while its subsidiary Site Institute Pty Ltd moves forward under a Deed of Company Arrangement.

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.

KALiNA Power has secured a significant 180 MW allocation under Alberta's stringent power limit process and is actively monetizing assets to fund its AI data centre power projects.

Marvel Gold Limited has extended the completion date for the sale of its Mali gold projects to August 2025 due to ongoing regulatory delays, signaling cautious navigation of complex local approvals.