Latest Business Development News

Podium Minerals has initiated a fully underwritten entitlement offer to raise approximately A$7 million, aiming to fund pilot plant testing and resource expansion at its Parks Reef PGM Project. The offer invites eligible shareholders to acquire new shares at 6.4 cents each, reinforcing Podium’s growth trajectory amid rising platinum group metal prices.

Peel Mining Limited has launched a $2.5 million Share Purchase Plan offering eligible shareholders discounted shares following a $16.25 million placement. The move aims to bolster funding for exploration and corporate initiatives while giving retail investors a chance to participate.

PainChek Limited has achieved a landmark FDA De Novo classification for its PainChek Adult App, positioning it as the first regulated medical device for pain assessment in the US aged care sector and opening a $100 million annual market opportunity.

Excite Technology Services has shattered its previous sales record, achieving $7.14 million in contract value for September 2025, driven by strong demand in cybersecurity and digital forensics.

Podium Minerals has announced a major metallurgical breakthrough with a new concentrator flowsheet achieving approximately 80% recovery of key platinum group metals, advancing its Parks Reef Project towards commercialisation.

Podium Minerals has launched a A$12 million capital raising to accelerate development at its Parks Reef platinum group metals project, following a key metallurgical breakthrough and resource upgrades.

Noronex Limited has raised $750,000 through a strategic placement to fund uranium exploration at its Etango North Project in Namibia, complementing its ongoing copper programs backed by South32.

Riversgold has partnered with MEGA Resources to fully fund and operate mining at its Northern Zone Gold Project near Kalgoorlie, sharing profits equally and aiming to commence mining in early 2026.

Papyrus Australia has appointed Daniel Schmidt as CEO and secured a $250k government grant alongside a binding agreement to produce biodegradable mining products, marking a decisive shift from R&D to commercial operations.

Vection Technologies reports a 60% revenue surge in 1H25, secures a $21 million equity raise, and strengthens its position in defence AI and spatial computing with a robust $75 million sales pipeline.

Sierra Nevada Gold has successfully raised A$9.65 million through a share placement to accelerate exploration in Nevada and Saudi Arabia, while appointing former De Grey Mining chairman Simon Lill as its new Non-Executive Chairman.

ENRG Elements Ltd has announced a renounceable entitlement offer to raise up to $1.6 million, priced at a 50% discount, to fund gold-focused business development and exploration in Central Asia.