Latest Corporate Finance News

Hammer Metals’ proposed acquisition by Austral Resources has cleared its first court stage, with ASIC registering the scheme booklet and an independent expert backing the scrip deal. Shareholders now face linked votes on the takeover and the demerger of Western Australian gold assets into an unlisted company.

Aeris Environmental’s FY2026 annual report pairs international commercial progress with a $5.03 million operating cash drain, $9.22 million in net liabilities and an auditor-highlighted material uncertainty over its ability to continue as a going concern. The company says it will need extended related-party loan terms and further funding while converting its technology and chemicals pipeline into recurring revenue.

Altech Batteries reported a $43.4 million FY2026 loss after abandoning its two major German battery projects, while its CERENERGY subsidiary filed for insolvency and a proposed Malaysian asset sale fell through. The company now faces substantial doubt about its ability to continue as a going concern.

APC Minerals has replaced its FY2026 annual report after finding a version-control error in the independent auditor’s report. The corrected filing leaves a more consequential warning intact: the explorer needs near-term equity funding to remain a going concern.

Tasman Resources has swung to a $16.5 million FY2026 profit after booking a $19.48 million gain when Eden Innovations ceased to be controlled. The explorer also ended the year with $5.65 million in cash and no borrowings, but its next test is geological rather than accounting: drilling at Titan West and Parkinson Dam.

Eden Innovations has transformed its balance sheet, cutting interest-bearing liabilities from $16.97 million to negligible levels after year-end. But revenue fell 19%, the Group remained deeply loss-making and its auditor flagged a material uncertainty over going concern.

NeuRizer has secured agreements worth AUD$12.7 million with Reliance Industries, offering a potential funding bridge for its coal-gasification technology. But the company’s FY2025 accounts show a larger loss, just $183,666 in year-end cash and a material dependence on continued funding and creditor support.

Redstone Resources has expanded its exploration portfolio and reported deep copper intersections at West Musgrave, but its auditor has flagged material uncertainty over the company’s ability to continue without further funding. The ASX junior ended FY2026 with A$557,426 in cash against A$636,787 of annual Australian tenement commitments.

Blackstone Minerals has reported a larger FY2026 loss and warned of material uncertainty around its ability to continue as a going concern, despite ending the year with $13.7 million in cash. The company is directing its remaining financial capacity towards the Mankayan copper-gold project while seeking to reduce exposure to its Vietnam nickel assets.

Noronex Limited (ASX:NRX) swung to a A$1.145 million statutory profit in FY2026, but the result was driven mainly by tenement disposal gains while operating cash outflows increased sharply. The auditor also highlighted material uncertainty over the explorer’s ability to continue without further funding.

Pure Foods Tasmania has warned of a material uncertainty over its ability to continue as a going concern after reporting an $8.6 million FY2026 loss, negative cash and a breach of its Commonwealth Bank covenant. The company expects its existing funding facilities to fall short from approximately February 2027, with further equity funding still uncommitted.

Redcastle Resources reached its biggest operational milestone in FY2026 by starting mining at Redcastle Reef, but the project was temporarily suspended after Wiluna Mining halted relevant processing activities. The annual report also flags a material uncertainty over the company’s ability to continue as a going concern.