Latest Due Diligence News

Energy Transition Minerals Ltd has raised A$24.7 million through a strongly supported placement to advance its Kvanefjeld Project and strategic acquisitions, positioning itself for growth amid ongoing arbitration challenges.

Codeifai Limited has secured shareholder approval to acquire QuantumAI Secure, a cutting-edge quantum-secure platform, marking a strategic pivot into AI-enhanced cybersecurity. Despite a mixed quarterly revenue performance, the company is poised for growth with expanded AI capabilities and fresh capital.

Viking Mines has entered a binding agreement to acquire six high-grade tungsten projects in Nevada, backed by a strategic investment from American Tungsten Corp and a $4.29 million capital raise. The acquisition marks a significant expansion into the critical US tungsten market amid rising global demand.

Nagambie Resources and Alkane Resources have entered a binding agreement for a joint venture that could see Alkane invest up to $27.5 million to earn an 80% stake in Nagambie's key mining tenements, leveraging Alkane’s existing processing infrastructure to accelerate production.

Lithium Plus Minerals has secured a 20-year mining lease for its Lei Lithium Project and progressed key environmental and mining studies, while also preparing exploration programs for its gold and critical minerals projects.

LCL Resources reported promising high-grade gold-copper-silver assays from trenching in Papua New Guinea and is actively pursuing lower-risk jurisdiction assets while advancing its Colombian option agreement.

Orion Minerals is finalising a major financing and offtake agreement with Glencore, advancing its transition to a mining company with first copper and zinc concentrate expected by late 2026.

PVW Resources advances its Brazilian rare earth projects while pursuing a strategic gold acquisition in the US, streamlining its portfolio to enhance capital efficiency.

Raiden Resources has secured an 85% stake in the Crixás Gold Tailings Project in Brazil, presenting a low-capital pathway to near-term gold production. Meanwhile, exploration advances at the Vuzel Gold Project in Bulgaria aim to boost resource ownership amid rising precious metals prices.

MinRex Resources is advancing a transformative merger with Canadian explorer Electrum Discovery Corp., poised to create a well-capitalised gold and copper exploration entity with significant assets in Serbia and Australia.

Olympio Metals reports a successful maiden drilling campaign at its Bousquet Gold Project in Canada, revealing multiple significant gold intercepts and outlining a large, open gold system. The company also secured $1.25 million in fresh capital and agreed to divest its Dufay Project.

NT Minerals faces ASX trading suspension but pushes forward with exploration plans at Twin Peaks and Finniss River projects, while considering capital restructuring.