Latest Asset Sales News

Metgasco has secured shareholder approval to sell its 25% interests in the Odin and Vali gas fields for $5.9 million, marking a strategic exit from its core assets amid declining production and ongoing liquidity challenges.

Seafarms Group has completed the acquisition of Project Sea Dragon's assets, clearing legal hurdles and advancing its prawn farming operations while actively pursuing new funding to support growth.

Vintage Energy reported a 13% drop in quarterly sales revenue to $0.78 million, driven by lower gas production, while progressing a strategic acquisition to consolidate its Southern Flank Joint Ventures.

White Energy Company Limited has bolstered its balance sheet with a $3.2 million entitlement offer while progressing multiple Australian mineral exploration projects and expanding commercial trials of its Binderless Coal Briquetting technology in South Africa.

Horizon Minerals advances its Black Swan Processing Hub with increased throughput plans and reports $23.3 million in gold sales revenue, while securing a $35 million divestment deal for its Lake Johnston project.

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.