Latest Director Resignation News

Close the Loop Limited posted a 6% revenue increase to $125.6 million for FY26 but recorded a hefty $105.3 million net loss primarily driven by disposals and one-off restructuring costs. The company has refocused on core packaging and resource recovery businesses while slashing debt and setting a $14-16 million EBITDA target for FY27.

Noble Helium is set to acquire Earth Source Hydrogen, gaining control of 40,000 square kilometres of helium prospective acreage in Western Australia’s Southern Carnarvon Basin. This strategic move complements its Tanzania project and positions the company to tap into growing global helium demand.

Forrestania Resources and Zenith Minerals have formalised an amended takeover implementation deed, setting out detailed terms for Forrestania's bid including offer ratios, board changes, and break fees.

Qoria Limited has been acquired by Aura Consolidated Group through a scheme of arrangement, with shareholders exchanging their Qoria shares for Aura CHESS Depositary Interests. Aura has also successfully raised US$100 million to support the acquisition, while Qoria prepares for ASX delisting.

C29 Metals has announced the immediate resignation of Managing Director Shannon Green, with CFO Ailsa Osborne appointed as an interim Executive Director while the company searches for a replacement.

European Lithium and Critical Metals Corp. have amended their merger agreement, introducing a sale facility option for small shareholders and switching to direct share issuance, aiming for scheme implementation in October 2026.

IRIS Metals posted a $22.3 million loss for FY26, driven by major impairments on exploration assets and elevated share-based payments. The company pivots away from Edison and Tin Mountain projects, focusing on lithium-rubidium in South Dakota and tungsten in Montana.

Hartshead Resources NL has completed its takeover by ACAM GP Limited, delivering a cash payout to shareholders and triggering board resignations and new appointments ahead of imminent ASX delisting.

ACDC Metals has rapidly expanded its Mount Jackson project in Nevada, completing an airborne geophysical survey and staking additional claims to triple the project size. The company is progressing towards drilling with fresh capital raised and a board change announced.

Arovella Therapeutics undergoes a major board overhaul and CEO resignation following a shareholder push, as the company embarks on a strategic review of its cell therapy platform.

Augustus Minerals completed a key drilling campaign at its flagship Music Well project with assay results due shortly, while continuing to progress permitting and landowner engagement for its Papua New Guinea gold projects.

Canyon Resources has mobilised its surface miner at the Minim Martap Bauxite Project, with first production on track for Q2 2026 and full funding secured through a US$140 million credit facility and cash reserves. Leadership changes and logistics updates mark a pivotal quarter for the company.