Latest Asx News

Cash Converters has secured a £12 million growth facility from Lloyds Bank and agreed to acquire 10 UK franchise stores, marking a significant step in its UK expansion strategy.

Mayfield Group Holdings has agreed to acquire BE Switchcraft for $7 million, enhancing its manufacturing footprint and product range in energy management and automation. The deal positions Mayfield as a stronger player in Australia's electrical infrastructure market.

Great Western Exploration’s maiden drilling at the Sumo Niobium Target in Western Australia returned no significant mineralisation, prompting a strategic pivot to copper-gold targets with a new gravity survey planned.

Victor Group Holdings has requested a voluntary suspension of its shares starting June 2, pending a significant acquisition announcement expected by June 5.

Fintech Chain Limited reported a 24% revenue increase to RMB55.9 million for FY2025 driven by new SaaS products, yet it remains in the red with a net loss of RMB4.8 million. The company has also applied for delisting from the ASX.

High-Tech Metals has completed its acquisition of the Mt Fisher and Mt Eureka Gold Projects, gaining a substantial 1,150km² landholding and a combined gold resource of 187,000 ounces. The company is set to launch an extensive drilling campaign and a joint venture to process historic gold stockpiles.

Ballard Mining Limited is set to raise $25-$30 million through an IPO to advance the Mt Ida Gold Project, boasting a 1.1 million ounce resource and significant exploration upside. The move follows a strategic demerger from Delta Lithium, positioning Ballard as a focused gold developer with an experienced leadership team.

Ballard Mining Limited is launching an IPO to raise up to $30 million, aiming to accelerate exploration and development of its Mt Ida Gold Project in Western Australia, which hosts over 1.1 million ounces of gold.

Delta Lithium Limited has announced a proposed demerger involving an in-specie distribution of over 63 million Ballard Mining shares to eligible shareholders, pending approval at a June 30 meeting. This move will reduce Delta's stake in Ballard and set the stage for Ballard's eventual ASX listing.

High-Tech Metals has completed its acquisition of the Mt Fisher and Mt Eureka gold projects, gaining a substantial landholding and a combined resource of 187,000 ounces of gold. The company is set to launch an extensive drilling campaign and has partnered with SSH Mining to process historic stockpiles.

Otto Energy Limited has clarified that part of its recent capital return will be treated as a dividend according to a draft ATO ruling, prompting shareholders to consider tax implications carefully.

Betashares Capital Ltd has announced the final distribution amounts for May 2025 for a suite of 16 ETFs listed on the ASX AQUA market, all franked and eligible for reinvestment via the Distribution Reinvestment Plan.