Latest Creditors News

Terramin Australia has launched a partially underwritten $28.65 million entitlement offer to fund project development and reduce debt owed to major shareholder Asipac. The raise could also materially reshape the company’s ownership, while its prospectus flags a material uncertainty over its ability to continue as a going concern.

WestStar Industrial says a verbally agreed contract claim added about $5 million to FY2026 revenue and turned what would otherwise have been a loss into a profit. The explanation comes in response to an ASX query over the timing of its results and a recent cleansing notice.

WasteCo Group is raising $2 million through a share placement at $0.007 per share to finance a comprehensive turnaround and expansion plan amid ongoing financial challenges and a leadership overhaul.

Adslot Ltd swung to a $4.2 million profit in FY2026, buoyed by a $6 million non-cash gain from deconsolidating its troubled subsidiary. The company’s restructuring efforts trimmed costs by 28%, but revenue fell 10%.

Peak Processing Limited’s FY26 results reveal a doubling loss from continuing operations to $10 million amid a $4.35 million impairment, offset partially by a $2.5 million profit from discontinued operations. The company completed an operational reset and posted its first positive EBITDA quarter in June 2026.

Genetic Technologies Limited slashed its net loss by nearly 88% in FY2025 following a Deed of Company Arrangement and exit from voluntary administration, pivoting to a corporate office model after selling its operating businesses.

Energy Fuels Inc. has completed its acquisition of Australian Strategic Materials (ASM) through members’ and creditors’ schemes of arrangement, triggering ASM’s delisting from the ASX. Eligible ASM shareholders received a mix of Energy Fuels shares and cash, while optionholders were paid cash for their options.

SIV Capital posted a 244% increase in net loss for FY26 to $388,049 on a 33% revenue drop, with its legacy rental business winding down and ASX suspension ongoing. The company is pursuing a new transaction to regain listing approval.

CleanSpace Holdings is set to repurchase up to 10% of its shares over the next year, signalling confidence in its growth prospects and capital position.

McGrathNicol Restructuring has been appointed voluntary administrators to Australian Pacific Coal and several subsidiaries, signalling a critical phase in the company’s financial and operational review. The Dartbrook Mine sale continues under receivership, with shares remaining suspended.

Energy Fuels’ acquisition of Australian Strategic Materials (ASM) has officially closed following Federal Court approval, triggering suspension of ASM trading and setting the stage for shareholder payments and new listings.

The Queensland Court of Appeal has overturned a prior Supreme Court decision that had set aside a statutory demand against Australian Pacific Coal, ordering the company to cover legal costs for both proceedings.