Latest Business Development News

PlaySide Studios reported a tough FY25 with a 25% revenue drop and a $7.4 million EBITDA loss, prompting a swift restructure. The company is optimistic about FY26, driven by strong original IP titles and expanding external projects.

Lincoln Minerals has appointed Chris Wilcox as CEO and Greg English as Chair, marking a strategic leadership overhaul aimed at driving exploration growth across its South Australian mineral assets.

Solstice Minerals reports its strongest gold drill results yet at Yarri’s Bluetooth and Edjudina Range prospects, while gearing up for a significant copper-gold resource expansion program at Nanadie.

Middle Island Resources has appointed Daniel Raihani as Non-Executive Chairman to steer the company through its pivotal acquisition of Serbian copper-gold assets.

Equity Story Group Ltd (ASX – EQS) has announced a fully underwritten renounceable entitlement offer to raise approximately $3.54 million, aiming to accelerate its entry into the property sector and strengthen working capital.

Sierra Nevada Gold (SNX) is nearing the conclusion of its bidding for exploration blocks in Saudi Arabia while securing key permits to restart mining in Nevada. The company is poised to begin test mining and drilling programs backed by fresh capital.

AustChina Holdings has received a non-binding proposal from Bluestone Energy to invest $1.5 million via a large share placement, potentially fueling new acquisitions and exploration efforts.

Cryosite Limited reports a strong start to FY26 with a 22% revenue increase and a strategic warehouse acquisition that doubles capacity, positioning the company for sustained growth in clinical trial logistics.

PainChek Limited has secured its first US customer, Jewish Home Family, just days after receiving FDA De Novo clearance for its AI-powered pain assessment app, marking a significant step into the $100 million US aged care market.

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.