Latest Banking News

Canyon Resources has mobilised its surface miner at the Minim Martap Bauxite Project, with first production on track for Q2 2026 and full funding secured through a US$140 million credit facility and cash reserves. Leadership changes and logistics updates mark a pivotal quarter for the company.

Tolu Minerals has raised AUD 23.75 million through convertible notes from Petrosea, reinforcing its capital position ahead of shareholder approval. The company is also shoring up diesel supplies to safeguard operations at its Tolukuma Gold Mine amid global fuel volatility, while early drilling results hint at further resource potential.

Scentre Group has initiated a tender offer to buy back its US$1.312 billion Non-Call 2030 Subordinated Notes, aiming to reshape its capital structure by using existing senior bank facilities for financing.

Alkane Resources delivered a record 45,776 gold equivalent ounces in Q3 FY26, generating $189 million in operating cash flow and boosting its cash, bullion, and investments to $374 million. The company maintained its full-year guidance and secured a place in the S&P/ASX 200 index, enhancing its market profile.

Scentre Group has initiated a tender offer to repurchase all of its US$1.312 billion Non-Call 2030 Subordinated Notes, aiming to refinance this debt through existing senior bank facilities. The move follows recent capital management efforts and sets the stage for updated debt metrics.

Canadian Phosphate is accelerating its mine-to-market phosphate strategy in North America, driven by geopolitical tensions that spotlight vulnerabilities in global fertilizer supply chains. The company progresses drilling preparations, bulk sampling, and feasibility studies for a Single Super Phosphate plant while maintaining a solid cash position.

RLF AgTech has reported a record $18 million revenue for the nine months to March 2026, achieving positive EBITDA in March as it sharpens operational focus and expands its Australian sales footprint amid global fertiliser disruptions.

Heartland Group Holdings Limited maintains its FY2026 guidance, reporting expanded net interest margins and improved asset quality in 3Q2026, while navigating geopolitical uncertainties affecting New Zealand and Australian markets.

OM Holdings faced a challenging ferroalloy market in FY2025 but maintained production resilience, secured refinancing, and rationalised its portfolio through key asset sales, while advancing sustainability initiatives.

InvestSMART Group’s total Funds Under Management fell to $712 million in Q3 FY2026, weighed down by market dips and underperforming ETFs, even as subscriber revenue nudged higher and account numbers grew.

FirstWave Cloud Technology has landed a two-year, USD250,000 software subscription contract with Mexico’s state-owned development bank Banobras, marking its first major public sector win and debut via Grupo Salinas’ OmniPrinter channel.

VHM Limited has raised A$5 million through a discounted institutional placement to accelerate early engineering and procurement for its Goschen Rare Earth and Mineral Sands Project ahead of a mid-2026 Final Investment Decision.