Latest Joint Venture Divestment News

Leeuwin Metals has delivered strong early results from its 10,000m drilling campaign at Evanston, extending high-grade gold mineralisation beyond the existing resource at the Marda Gold Project.

Nex Metals Explorations Ltd (ASX:NME) has amended its sale agreement of its 20% interest in the Arika joint venture, converting deferred shares into upfront shares and raising $2.5 million cash plus 70.8 million Arika shares. Shareholder approval is scheduled for May 2026 amid ASX regulatory requirements.

Nex Metals Explorations is progressing metallurgical testing at its Kookynie Tailings Project and broadening collaboration with WTAC, while navigating geopolitical challenges delaying its Egyptian exploration efforts.

Galan Lithium has secured new exploration licences adjacent to the world-class Greenbushes lithium mine, setting the stage for a targeted Australian exploration program alongside its flagship Argentine projects.

NSX Limited reported a 5.1% rise in revenue to $1.55 million for FY2025, yet its net loss edged up slightly to $4.15 million amid a significant joint venture divestment and ongoing financial uncertainties.

Alcoa Corporation reported solid Q2 2025 operational results despite tariff headwinds and lower metal prices, completing a major joint venture sale and managing a delayed smelter restart.