Latest Equities News

Pengana Capital Group has lodged a formal application with the Takeovers Panel contesting the legitimacy and disclosure of Pengana International Equities’ recent capital management moves, including a contentious buy-back and rights issue.

Underwood Capital Limited (ASX:UWC) reported a net profit after tax of $0.193 million for FY2026, with net tangible asset backing per share inching up to 9.46 cents. Despite portfolio improvements and active share buybacks, the stock continues to trade below its net asset value.

Yandal Resources shakes up its leadership with the appointment of seasoned geologist Eduard Eshuys as Non-Executive Chair and the departure of CEO Chris Oorschot, signaling a pivotal moment as the company advances its gold exploration projects in Western Australia.

Pivotal Metals’ latest metallurgical tests reveal copper recoveries exceeding 90% at the Horden Lake project, alongside robust recoveries of nickel, gold, silver, and palladium. These results underpin the upcoming scoping study and highlight the project’s financing potential through by-product credits.

Percheron Therapeutics has raised $2.3 million through an institutional placement to fully fund its upcoming acute myeloid leukemia clinical trial led by Vanderbilt Health.

Basin Energy has offloaded its Marshall Uranium Project in Canada to Green Canada Corporation, securing cash, equity, and strategic rights while freeing resources to focus on its Sybella-Barkly discovery in Queensland.

Identitii has issued nearly 200,000 shares to partially repay a $395,000 loan, reducing its debt by $128,944 through a debt-to-equity swap.

Tungsten Mining’s Mt Mulgine Pre-Feasibility Study reveals a 21-year mine life with A$6.8 billion pre-tax NPV and production starting in 2029, positioning it as the globe’s most competitive tungsten operation.

Sarama Resources has issued 16.5 million Performance Share Units to its directors and CFO, linking incentives directly to key arbitration outcomes against the Government of Burkina Faso. Half of the awards vest on receipt of an arbitration ruling, and the rest on receipt of any award funds.

Frontier Energy has executed all major fixed-price contracts for Stage One of its Waroona Renewable Energy Project, securing tier-one suppliers and unconditional grid connection to de-risk delivery of its 132MW solar and 81.5MW battery facility.

Babylon Pump & Power reported a $5.2 million EBITDA loss in FY26 amid legacy maintenance struggles but saw its rental segment revenue surge 160%. The company exited maintenance post-year end and raised $7.27 million to strengthen its balance sheet and fund rental growth.

Thorney Opportunities Ltd swung to a $4.44 million loss before tax in FY2026, weighed down by unrealised investment losses, yet increased its final dividend and pressed on with share buybacks.