Latest Finance News

Podium Minerals Limited has launched a fully underwritten $2.6 million entitlement offer to fund advanced metallurgical testing at its flagship Parks Reef Project, aiming to enhance platinum group metals recovery and concentrate grades.

NoviqTech and Livium have partnered to digitise and tokenise the environmental benefits of battery recycling, aiming to enhance transparency and compliance in the critical minerals supply chain.

Toro Energy has released an updated scoping study for its Lake Maitland Uranium Project, revealing robust economics with a pre-tax NPV of A$907.9 million and a swift payback period of just 1.5 years. The study outlines a 16.3-year mine life producing uranium and vanadium with modest capital expenditure and competitive operating costs.

Rox Resources has completed a 35,000m drilling campaign at its Youanmi Gold Project, delivering multiple high-grade gold intercepts that confirm mineralisation continuity and underpin an upcoming resource upgrade.

Black Rock Mining has secured an additional US$25 million in funding, increasing its total project financing to US$204 million to advance the Mahenge Graphite Project in Tanzania.

Magnum Mining’s recent entitlement offer attracted only 22% subscription, failing a key regulatory condition and rendering the offer void. The company now faces the challenge of securing alternative financing to maintain its strategic momentum.

Smartpay Holdings Limited posted solid FY25 financials with revenue surpassing $104 million, driven by Australian market gains and promising New Zealand pilot progress. The company is advancing its trans-Tasman payments strategy amid regulatory developments.

Xanadu Mines Limited has received a conditional off-market takeover offer from Bastion Mining Pte Ltd at A$0.08 per share, representing a significant premium. The company’s independent Takeover Committee unanimously recommends acceptance, supported by an independent expert’s fair and reasonable valuation.

MAC Copper Limited has entered a binding agreement for acquisition by Harmony Gold, offering shareholders a compelling 32% premium and signalling a major consolidation in the copper mining sector.

Bastion Mining has tabled a recommended $0.08 per share cash offer for Xanadu Mines, representing a significant premium and backed unanimously by Xanadu's independent directors and largest shareholder.

Assetora Limited has launched the Australian Homeowner Equity Fund, a $100 million initiative offering shared equity investments with a targeted 12% annual return, following a successful pilot with AMP Bank.

American West Metals has successfully raised A$5.9 million as part of a broader A$14.4 million funding package to advance its Storm Copper Project in Canada, aiming to fast-track exploration and development activities.