Latest Bankruptcy Proceedings News

Ryzon Materials Ltd has lodged a prospectus to raise up to $10 million through a share placement with free-attaching options, aiming to meet ASX conditions for lifting its securities suspension and advancing its Nachu graphite project.

DigitalX Limited has responded to a detailed ASX query regarding its Solana staking yields, exclusive validator agreements, and governance disclosures involving key personnel. The company defends its commercial decisions and compliance amid scrutiny over related party transactions and securities trading.

Magnis Energy Technologies advances financing for its Nachu Graphite Project while navigating the complexities of Imperium3 New York Inc’s bankruptcy and ongoing ASX suspension.

White Energy Company Limited reports significant progress in its Australian mineral exploration projects and binderless coal briquetting technology, while navigating financial challenges linked to past operations.

Magnis Energy Technologies reveals that its partners IM3NY LLC and Imperium3 New York Inc have entered Chapter 11 bankruptcy proceedings, raising questions about future operations and financial stability.

5E Advanced Materials has entered a pivotal Restructuring Support Agreement with its primary lenders to equitize $63.5 million in convertible notes and secure up to $30 million in funding. The transaction, subject to shareholder approval, aims to strengthen the balance sheet and advance the company toward its Final Investment Decision.