Latest Business Development News

Constellation Resources has advanced its Western Australian exploration with granted permits targeting natural gas, hydrogen, and helium, alongside promising copper-gold drilling results at Ularring. The company is raising $3.22 million through an entitlement offer to fund further exploration.

Invictus Energy has cemented its position in Zimbabwe's Cabora Bassa Basin with a landmark Petroleum Production Sharing Agreement and is progressing well towards drilling the high-impact Musuma-1 exploration well, backed by a fresh A$10 million capital raise.

Activeport has raised $3.6 million through an oversubscribed placement led by top-tier investors including Antipodes Partners and Scobie Ward, bolstering its balance sheet to accelerate growth in network automation software.

PMET Resources has formalised its engagement with the Cree Nation of Chisasibi through a non-binding Letter of Intent, setting a framework for ongoing dialogue and assessment around its Shaakichiuwaanaan lithium project in Quebec.

Codeifai Limited has secured $770,000 through a share placement, aiming to expand its AI capabilities into self-service SaaS and geospatial intelligence sectors.

Carnegie Clean Energy has secured $2.5 million through a share placement, attracting new overseas investors to fund expansion of its CETO wave energy technology at BiMEP in Spain and commercial activities in Europe and the US.

XPON Technologies delivered a positive unaudited Group EBITDA of $1.1 million for FY26, supported by strategic divestments and a focus on its AI marketing platform Wondaris. The company improved gross margins and maintained strong customer retention despite divesting non-core businesses.

Recharge Metals has expanded its gold exploration footprint near Leonora, Western Australia, by acquiring the Ironstone Well Project, increasing the Prospero Trend strike length by 50%. The company raised nearly $6 million to fund an aggressive 30,000m drilling campaign at Sunset Well and other exploration activities.

PT ANTAM has raised its 2025 cash dividend by 38%, distributing Rp5.05 trillion to shareholders, reflecting strong profitability and a sustained commitment to shareholder returns.

Unith Ltd is set to raise $2.75 million through a share Placement and a pro rata Entitlement Offer, alongside converting $500,000 of debt to equity. The capital injection aims to accelerate its AI digital human technology and business growth.

Starpharma launches a fully underwritten $32 million entitlement offer to fund the Phase 1 trial of its DEP® HER2-Lutetium radiopharmaceutical and accelerate its targeted oncology asset development.

Recharge Metals has boosted its gold exploration footprint near Leonora, Western Australia, by acquiring the Ironstone Well Project for $100,000 cash, extending the Prospero Gold Trend to over 15km and adding new drill-ready targets.