Latest Corporate Risk News

Verity Resources has expanded its Monument gold story in Western Australia, but the explorer’s stronger resource base sits alongside a sharply higher annual loss, A$4.67 million operating cash outflow and a material uncertainty over its ability to continue as a going concern. The company finished FY2026 with A$1.05 million in cash and more than A$2.39 million of exploration commitments due within a year.

Eclipse Metals has enlarged its flagship Grønnedal rare-earth resource to 208 million tonnes and added a maiden Ivigtût critical-minerals inventory. The gains came alongside a higher annual loss, a material going-concern uncertainty and an unresolved legal claim.

Western Ridge Resources reported a $12.22 million loss for the year ended 30 June 2026, with cash falling to $407,860 and its auditor warning of a material uncertainty over the company’s ability to continue as a going concern. The company is now relying on Keystone drilling and further funding to advance its Nevada exploration strategy.

Tamboran Resources has moved into initial Beetaloo gas sales, but its first annual report after the milestone still records no fiscal 2026 revenue, a $30.5 million loss and substantial doubt about its ability to continue as a going concern. The company held $219.1 million in cash at June 30, yet faces heavy development spending, no proved reserves and a material weakness in financial controls.

The Federal Court of Australia has approved BHP’s AU$110 million settlement of the Samarco shareholder class action, marking a significant legal milestone for the mining giant.