Latest Divestments News

CSIRO has sold about half its shares in Chrysos Corporation through a block trade, reducing its stake by roughly 9%, yet remains a committed substantial shareholder with a six-month escrow on its retained shares.

White Energy Company Limited has launched a 5-for-12 partially underwritten entitlement offer at $0.027 per share, aiming to raise approximately $3.5 million to fund mineral exploration and corporate needs. Major shareholders and directors have committed to participate, while the offer excludes ineligible shareholders and related parties.

MCS Services Limited has agreed to sell the core assets of its Highways Traffic subsidiary to Altus Traffic for $1.4 million, pending shareholder approval. The deal marks a strategic step to streamline operations following previous divestments.

MPR Australia Limited has completed the sale of its core renewable energy business for $19 million and is now exploring options including returning capital to shareholders or acquiring a new business via backdoor listing.

Adelong Gold Limited refutes claims by Great Divide Mining of a binding agreement to resolve their Challenger Mines joint venture dispute, leaving the matter unsettled and market watchers cautious.

Astron Limited has sold a significant portion of its Energy Fuels shares, generating A$15.2 million to bolster financial flexibility as it advances the pivotal Donald Project towards production.

Prospect Resources has completed the sale of its Step Aside Lithium Project in Zimbabwe for up to US$2.2 million, marking a strategic shift towards its larger copper venture in Zambia.

WEB Travel Group has reported a stellar first half of FY26, posting a 22% rise in Total Transaction Value to $3.2 billion alongside strong EBITDA growth, signaling robust momentum ahead of full-year results.

Noronex Limited has agreed to sell its Witvlei copper project in Namibia for A$4.5 million, enabling a sharper focus on its core Kalahari Copper Belt assets and uranium exploration. The staged payment deal includes options issuance and a royalty, signaling strategic portfolio refinement.

QGold Pty Ltd has initiated an unconditional on-market takeover offer for all shares of Venus Metals Corporation Limited at $0.17 per share, representing a notable premium to recent trading prices. The offer, which allows immediate acceptance via ASX brokers, signals a potential shift in control and strategy for Venus Metals.

Aeris Resources reported solid FY25 results within guidance and secured $80 million in new equity to fund exploration and development projects, positioning itself for significant growth in FY26.

Verbrec Limited reported record FY2025 financial results with its highest gross and adjusted EBITDA margins in years, alongside strategic moves including the acquisition of Alliance Automation and divestment of its Competency Training business.