Latest Divestments News

Raiden Resources has struck a binding deal with Forgent PLC to potentially sell an 80% stake in its Mt Sholl nickel-copper-PGE project, while retaining a 20% free-carried interest. The transaction could inject over A$1 million in cash and shares, aligning with Raiden’s strategy to streamline its portfolio and focus on core assets.

Celsius Resources disputes Kiri Industries’ takeover of loan rights and offtake negotiations at Makilala Mining, triggering emergency arbitration amid ongoing project financing tensions.

InFocus Group Holdings is streamlining its software development operations by divesting Prodigy9 and consolidating under Onify, aiming for immediate cost savings and a leaner, AI-native delivery model.

Centuria Industrial REIT (ASX: CIP) has declared a steady quarterly distribution of 4.20 cents per unit for the June 2026 quarter, with its Distribution Reinvestment Plan remaining suspended.

Nex Metals Explorations has finalised the sale of its 20% stake in the Yundamindra and Kookynie Gold Joint Venture to Arika Resources, securing $0.5 million in net cash and a significant shareholding. The move clears joint venture funding obligations and redirects capital towards advancing its Kookynie Tailings Project and Egyptian exploration.

Euroz Hartleys confirms exclusive talks with BMO Financial Group over a potential $145 million sale of its Capital Markets business, retaining its Private Wealth division and pursuing standalone growth.

Treasury Wine Estates (ASX:TWE) unveils its Ascent transformation, targeting $100 million annual savings, portfolio focus on Power Brands, and a leaner supply chain to lift margins and reduce leverage by FY28.

FireFly Metals secures ATO Class Ruling confirming its in-specie distribution of Bellavista shares as a capital return, not a dividend, clarifying tax treatment for Australian shareholders.

Maggie Beer Holdings has received a non-binding indicative offer to sell its Hampers and Gifts Australia business for $10 million, including an $8 million upfront payment and up to $2 million contingent on future performance. The deal excludes its core Maggie Beer Products division and awaits due diligence and shareholder approval.

Lightning Minerals has locked in A$1.85 million through a two-tranche placement to accelerate drilling and exploration at its Mt Turner Gold Project, underpinning its strategic pivot to gold-led growth.

XPON Technologies is shedding Alpha Digital after just over a year, in a move that clears the way for a tighter AI-centric growth strategy. The deal involves significant debt forgiveness, reflecting a clean break from a services-led business that once contributed over a third of group revenue.

Altitude Minerals is gearing up for significant drilling campaigns in New South Wales and Nevada, backed by a recent $1.15 million capital raise to fund exploration and project advancement.