Latest Debt Repayment News

Kingston Resources has agreed to sell its Misima Gold Project to Ok Tedi Mining for $95 million, strengthening its balance sheet and enabling a strategic pivot towards expanding its Mineral Hill copper and gold operations.

Hastings Technology Metals has entered a binding agreement with Wyloo to form a 60:40 joint venture on the Yangibana Rare Earths and Niobium Project, with Wyloo taking the lead on funding and management. This partnership aims to de-risk project development and accelerate progress toward final investment decision.

Norwood Systems has successfully completed a $500,000 oversubscribed placement, positioning itself for accelerated growth and strategic debt reduction. The funds will support market expansion, product innovation, and operational improvements.

Tasman Resources Ltd has announced a renounceable pro-rata rights issue aiming to raise up to $3.68 million to finance exploration drilling at its Parkinson Dam project and reduce shareholder debt. Major shareholders plan to fully subscribe, using loan repayments to offset their entitlements.

NEXION Group has entered a non-binding agreement to sell its Perth data centre subsidiary to Canadian firm Carrier Connect Data Solutions for AUD 2.5 million, aiming to strengthen its balance sheet.

Tartana Minerals has raised $1.55 million through a director-led unsecured loan facility and appointed Dr Alistair Lewis as its new Chairman, signaling a strategic push in exploration and project advancement.

Anteris Technologies Global Corp. reported a $21.9 million net loss for Q1 2025, driven by increased R&D spending as it scales manufacturing and prepares pivotal trials for its DurAVR Transcatheter Heart Valve. The company’s recent $80 million IPO proceeds are being deployed to support these efforts and repay debt.

Envirosuite Limited has entered a binding Scheme Implementation Deed with UK-based Ideagen Limited, agreeing to a full acquisition at a significant premium. The transaction values Envirosuite at approximately A$132.2 million and awaits shareholder and regulatory approvals.

Althea Group Holdings has agreed to sell its pharmaceutical assets to Tasmanian Botanics, enabling a strategic pivot towards the booming North American THC-infused beverage market.

DTI Group Limited has announced a fully underwritten pro-rata entitlement offer to raise approximately $2.69 million, primarily aimed at repaying a $1.25 million loan from major shareholder Finico Pty Ltd. The offer opens on 13 May and closes on 10 June 2025, with new shares priced at $0.006 each.

Saferoads Holdings has finalised the sale of its Road Safety Rentals assets, repaid all related debts, and announced a fully franked 10 cent special dividend for shareholders.

Mighty Kingdom Limited reports a positive operating cash inflow and significant cost reductions in Q3 FY25, alongside leadership changes and a $3.35 million capital raise underway to fuel growth.