Latest Divestment News

Codrus Minerals Limited posted a $1.41 million loss for FY26 as it confirmed gold and molybdenum mineralisation at Bull Run, rationalised its portfolio, and secured a binding acquisition of EdgeMet with a $2.5 million capital raise underway.

Forrestania Resources completes A$300 million purchase of Edna May Gold Project, adding a second processing hub in Western Australia and raising over A$215 million in a major capital placement.

Galilee Energy posted a $5.42 million loss for FY2026 amid heavy investment in its US Zydeco Gas Project and progressing the sale of its Australian Glenaras asset. The company is pivoting to US operations with drilling underway and a $3.5 million placement announced.

Peter Warren Automotive has secured ACCC approval for its acquisition of Wakeling Automotive’s dealerships in Sydney’s Macarthur region, contingent on divesting eight sites to maintain local competition.

The ACCC has approved Peter Warren Automotive's acquisition of Wakeling Automotive's dealerships in Sydney's Macarthur region, conditional on divesting eight sites to preserve competition.

Alice Queen's subsidiary Monzonite Metals has agreed to sell its non-core NSW tenement EL8646 to Alkane Resources for $900,000 cash, sharpening focus on the Horn Island Gold Project in Queensland.

Great Northern Minerals (ASX: GNM) reported a $3.8 million loss for FY26 amid major US acquisitions, including the Iron Butte gold-silver project with a maiden resource of 480,000 oz gold and 11.5 million oz silver, and the Catalyst Ridge rare earths project. The company also completed a $2 million divestment of its remaining Golden Ant interest.

Ingenia Communities Group has secured unconditional contracts to sell six New South Wales communities, releasing $124 million in capital that will be deployed into higher-growth projects and debt reduction.

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.

WasteCo Group has initiated a $2 million share placement at $0.007 per share to fund its ambitious turnaround and growth strategy amid a FY 2026 loss. A Share Purchase Plan will follow, offering existing investors a chance to participate on the same terms.

Stonehorse Energy has sold its US Lone Star oil and gas interests for US$1.114 million, shifting focus to expanding its Drumheller development program in Alberta.

NoviqTech has secured a one-year extension on its $1.4 million unsecured loan facility, maintaining favourable terms to support its push for ASX reinstatement.