Latest Due Diligence News

Wingara Limited has entered an exclusive agreement with Terra Firma Limited to explore and acquire meat industry businesses, securing $750,000 in initial funding. Trading on the ASX is suspended pending re-compliance and relisting.

Power Minerals Limited has identified significant rare earth element potential at its prospective Santa Anna niobium carbonatite project in Brazil, signing a binding letter of intent to acquire the asset and planning immediate drilling to define an exploration target.

Environmental Clean Technologies Limited (ECT) has raised $750,000 through a two-tranche placement to fund its innovative COLDry Fertiliser Project and pursue strategic acquisitions, alongside key board changes.

GWR is actively pursuing transformative project acquisitions across global jurisdictions while trading significantly below its cash and investment backing. The company’s robust cash position and critical minerals investments position it well amid shifting global supply dynamics.

The Star Entertainment Group has received a $650 million debt refinancing proposal from Oaktree Capital Management, offering a potential boost to its liquidity but shadowed by significant conditions and uncertainty.

Winsome Resources has raised approximately A$7.8 million through a placement to advance its flagship Adina Lithium Project and extend the Renard Option to August 2025, with plans for an additional share purchase plan targeting A$2.5 million.

GWR Group is actively pursuing a transformative transaction in Western Australia while maintaining a robust cash and investment position of $53.6 million. The company underscores its confidence in tungsten amid tightening global supply.

Carly Holdings Limited has agreed to merge its car subscription operations with Carbar Holdings in a $3.8 million deal, aiming to create a larger, more competitive player in Australia’s growing car subscription sector.

EQ Resources Ltd updates investors on its proposed acquisition of Tungsten Metals Group, highlighting completed due diligence but pending definitive agreements as discussions continue beyond the exclusivity period.

Olympio Metals has entered an Option Agreement to sell its remaining Halls Creek tenements to Clutch Group, enabling a sharper focus on its flagship Dufay Cu-Au Project in Quebec.

Inca Minerals confirms exceptional gold and antimony assay results from its Hurricane Project in North Queensland, reinforcing the high-grade potential of the asset ahead of its acquisition of Stunalara Metals.

GrainCorp reported a solid FY24 with underlying EBITDA of $268 million and a net profit after tax of $77 million, underpinned by operational efficiency and strategic growth. The company announced a $50 million on-market share buy-back and reinforced its commitment to sustainability and shareholder returns.