Latest Financial Stability News

Coventry Group Limited has appointed Nik Alpert as Acting Group CEO and announced a planned CFO transition, signaling a new leadership phase for the industrial distributor.

Flagship Minerals has exited its lithium project in Chile amid market oversupply, redirecting resources to its Pantanillo Gold Project with a significant 1.05 million ounce gold resource estimate.

Podium Minerals has successfully raised approximately A$2.6 million through an oversubscribed entitlement offer, securing strong shareholder support to advance key metallurgical work and maintain strategic tenements at its Parks Reef Project.

Vulcan Steel has extended the relaxation of its banking covenant thresholds through June 2026, reinforcing its liquidity position amid uncertain economic conditions.

Auric Mining has launched mining operations at the Munda Gold Mine Starter Pit, marking a key milestone with the first blast and steady progress toward October completion. The company is poised to expand with plans for a larger pit next year amid a bullish gold market.

Pact Group Holdings has completed a $775 million refinancing of its senior and subordinated debt, extending maturities and reducing near-term refinancing risk while maintaining growth capacity.

Dubber Corporation has initiated court proceedings against its former auditors following a $26.6 million misappropriation uncovered in FY24, aiming to restore financial stability by year-end.

DigiCo Infrastructure REIT has announced a FY25 distribution of 10.90 cents per security, aligning with its initial guidance and reflecting steady income returns for investors.

Norwood Systems has successfully delivered a crucial software milestone under a major telecom contract, while also reporting strong customer receipts that bolster its cash position.

Alara Resources has announced a private placement to raise A$3.4 million aimed at repaying a significant portion of its Trafigura loan, subject to shareholder approval. The move underscores strong backing from major shareholders and a strategic focus on financial stability.

Cardiex Limited has announced a fully underwritten 1-for-4 entitlement offer at $0.04 per share, aiming to raise approximately $4.1 million to advance manufacturing and scale its supply chain. The offer closes on 20 June 2025, following a recent $2.4 million placement.

Coronado Resources has locked in a $150 million asset-based lending facility with Oaktree affiliates, refinancing existing debt and funding key coal production expansions amid a challenging market.