Latest Legal News

Helix Resources says the Supreme Court of British Columbia has declared its Gold Basin earn-in and joint venture agreement unenforceable and ordered the company to pay petition costs. The ruling puts the Arizona project’s future with Helix in question, while the company says its White Hills project is unaffected.

Vault Minerals has completed dispatch of the scheme booklet for its proposed merger with Genesis Minerals, moving the transaction into its decisive shareholder-vote phase. An independent expert has backed the deal as being in shareholders’ best interests, subject to no superior offer emerging.

SIV Capital reported a $28,000 operating cash outflow for the September quarter and held $7.781 million in cash and interest-bearing deposits. The balance sheet remains substantial, but the company’s securities have now been suspended from ASX quotation since December 2024 while it evaluates a transaction.

Bougainville Copper’s half-year loss widened to K13.4 million as operating cash outflows accelerated and a one-off partner termination fee added to costs. The company also faces continuing uncertainty over its rights to the Panguna mine after its exploration licence was subordinated to a new 25-year mining lease.

Plato Income Maximiser matched its benchmark with a 7.2% portfolio return in FY26 while maintaining its highest monthly dividend rate since listing. Profit after tax fell to A$41.8 million as investment gains dropped sharply from the prior year.

Energy Fuels has amended its proposed acquisition of VAC after a customer dispute escalated into arbitration and lender forbearance at VAC’s US magnet plant. The filing also reveals VAC’s six-month net loss of €57.4 million, substantial debt and reliance on shareholder support ahead of the proposed transaction.

Condor Energy has secured formal qualification from Peru’s state oil and gas agency, allowing it to negotiate a proposed exploration and exploitation licence for offshore Block Z-72. The milestone moves the project forward, but it is not a final licence award.

Image Resources says it knows of no undisclosed information that could explain its share price more than doubling between 9 and 13 October. The response follows an ASX price query prompted by the move and a surge in trading volume.

Port of Tauranga is facing three appeals and two judicial review applications against approval for its Stella Passage expansion. The port plans to defend the consent and seek a single expedited High Court hearing, but the filing does not quantify possible delays or costs.

Arena REIT says Edge Early Learning has agreed or signed term sheets to sell a further 22 centre businesses, including all seven remaining Edge-operated centres at Arena properties. Rent continues to flow across the 27 affected properties, but operator changes still require due diligence, approvals and lease assignments.

Cynata Therapeutics has lodged a replacement prospectus for a fully underwritten $913,000 entitlement offer, with the cash earmarked largely for adviser costs, intellectual property maintenance and working capital. The raising gives the biotech a near-term funding bridge, but the prospectus again flags a material uncertainty over its ability to continue as a going concern.

Nyrada has lodged a prospectus for approximately 10.74 million free options linked to its recent capital raising, giving eligible CDI holders three options for every four CDIs issued. The options carry a $0.93 exercise price and could generate almost $10 million if fully exercised, although that cash remains contingent on holder participation.