Latest Due Diligence News

Microba Life Sciences secures $5 million in a placement led by Sonic Healthcare to fund its push towards cashflow break-even by 2027, backed by strong diagnostic sales and AI-driven efficiencies.

Alfabs Australia is sharpening its financial focus with a plan to double or triple free cash flow by FY2028, underpinned by a disciplined capital framework and a clear dividend reinstatement path.

West Cobar Metals (ASX: WC1) has struck a deal to acquire the Baxter Fluorspar Project in Nevada, a site with a rich history of premium acid-grade fluorspar production. Backed by a $1.05 million placement, the acquisition positions WC1 within a critical US supply chain for fluorspar, a mineral vital for semiconductor and defence industries.

Riversgold’s farm-in partner AIS Resources reports standout rock chip assays from the Saint John Project in New Brunswick, with multiple samples exceeding upper detection limits for copper, gold, silver, and antimony. These results underpin plans for systematic exploration and drilling.

OD6 Metals has exercised its option to acquire the Quinn Fluorspar Project in Nevada after validating multiple high-grade fluorspar zones and historical data, positioning itself to tap into critical US mineral demand.

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.

Cedar Woods Properties has secured over 740 new townhouse and apartment lots across Victoria and Queensland, boosting its medium-term development pipeline while maintaining a strong sales and earnings outlook.

Propel Funeral Partners has inked deals for three New Zealand funeral service providers, adding nearly $4 million in revenue and projecting modest growth for FY26 despite currency headwinds.

PMET Resources has received a non-binding Letter of Interest from Société Générale to act as Mandated Lead Arranger for debt financing of the Phase 1 development of its Shaakichiuwaanaan lithium project in Quebec, advancing its syndicate-building strategy ahead of an updated feasibility study.

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.

EV Resources has locked in agreements covering more than 50% of its Tecomatlán Processing Plant's feedstock capacity through four non-binding MOUs, advancing its path to near-term antimony production amid global supply tightness.

Pacific Resources (ASX: PXR) has advanced its acquisition of the Snowstorm Gold Project in Victoria’s Eastern Goldfields by paying $160,000 to acquire a 50% stake in Mines of Stirling, the project’s owner. Completion of the acquisition, including full ownership, is expected by mid-July.