Latest Legal News

Equatorial Resources has completed the final procedural steps in its high-value Congo arbitration, with an ICSID award indicatively expected in the first half of 2027. The cash-backed explorer is also defending a separate A$4.85 million claim from former legal adviser Clifford Chance.

Beam Communications has returned $13.3 million to shareholders after completing the ZOLEO divestment, while its continuing operations moved back into profitability. The turnaround comes with a sharp revenue decline and management warning that FY27 revenue and profit will be lower than FY26.

Eastern Gas has signed a non-binding term sheet for up to A$10 million in R&D-backed debt, including an initial drawdown of up to A$1.5 million. The proposed funding comes with 9% interest, multiple fees, options and security over future R&D rebates.

Memphasys says it has identified a potential FDA 510(k) pathway for its Felix sperm separation system, replacing the more complex De Novo route previously contemplated. The company will seek FDA feedback before targeting a formal submission in the first quarter of 2027, while keeping commercial execution focused on existing markets.

Image Resources has confirmed LB Group has paid a A$5 million advance while negotiations continue over a potential transaction involving significant interests in its Durack and Yandanooka projects. The payment is repayable if binding documents are not signed by 31 October 2026, unless the parties agree to extend that date.

Netwealth says two subsidiaries have been served with a class action linked to First Guardian investment options offered through its superannuation master fund. The claim follows a $101 million compensation program completed in January, but the announcement does not disclose the new action’s potential cost.

Nimy Resources has paired a maiden gallium resource and encouraging metallurgical recoveries with a sharp warning about funding pressure and an unresolved Lind legal dispute. The explorer ended FY2026 with $3.92 million in cash, but a $4.76 million Lind liability and an auditor-flagged going-concern uncertainty remain central risks.

Titomic has set 30 November 2026 as its current target to complete a proposed move of its parent company from Australia to the United States. The ASX listing would remain, but investors would hold CHESS Depositary Interests in the new US entity if shareholders, the Court and other conditions approve the scheme.

Atomic Eagle has formally executed the Mining Convention for its Madaouela uranium project in Niger, securing the legal, fiscal and operational framework for the asset. The agreement also triggers steps to end historical arbitration proceedings, while a US$5 million payment and a targeted JORC resource update now sit ahead of the company.

Australian Oil Co has appointed Tom Streitberg as Executive Chairman for three years, with the incoming chair committing $300,000 to the company. The deal also introduces a substantial equity-based remuneration package and potential dilution for shareholders.

News Corp has reported record fiscal 2026 revenue of $9 billion, with Total Segment EBITDA exceeding $1.6 billion and free cash flow reaching $811 million. Dow Jones and digital real estate services led the performance, while the company returned $643 million through share buybacks.

Fitzroy River says conditions for its A$17.5 million Bowdens Silver royalty sale have been satisfied, with completion and receipt of funds expected within the coming week. The company plans to return most net proceeds to shareholders, although the amount, structure and timing remain undecided.