Latest License Approvals News

Reef Casino Trust has lodged a supplementary statement revealing delays in regulatory approvals that are likely to extend the takeover bid timeline by Iris Cairns Property. The board maintains its recommendation to accept the offer despite the uncertainty.

RBR Group Limited is positioning itself for expansion with over US$35 million in tenders amid the restart of Mozambique's LNG mega projects following the lifting of Force Majeure by Total Energies.

Yugo Metals has raised $3.5 million to fund its first-ever diamond drilling program targeting gold anomalies at its Sinjakovo project in Bosnia. The company also advances community and regulatory engagement for its Sockovac license while maintaining a cautious cash position.

Triton Minerals has secured exploration license approval and will begin initial field works, including drilling, at its Aucu Gold-Copper Project in Mozambique starting October 2025. Early results are expected by December, setting the stage for further exploration next year.

Thor Energy has signed a term sheet with DISA Technologies to explore processing abandoned uranium waste dumps in Colorado, aiming to generate revenue without upfront costs using innovative HPSA technology.

Reef Casino Trust and Iris Cairns Property Pty Ltd have agreed to increase the takeover bid price to $3.87 per unit, boosting the total offer value to approximately A$192.7 million. The unanimous board recommendation and major unitholder support underscore the deal’s momentum amid regulatory conditions.

Alara Resources reports strong operational progress at its Al Wash-hi Majaza copper-gold project and promising exploration advances across multiple Oman concessions, supported by a $3.4 million capital raise.

Triton Minerals pushes forward with its Aucu Copper/Gold Project after securing exploration licenses, while navigating a protracted $8.5 million legal dispute over its Mozambique Graphite Assets sale and implementing austerity measures to safeguard cash.

DMC Mining’s planned acquisition of the Firawa and Labé uranium projects in Guinea faces delays due to exploration license approvals, while the company’s cash reserves dwindle to just A$14,000.

Triton Minerals has officially secured exploration licenses for its Aucu Gold-Copper Project in Mozambique and received $8.5 million in funding, positioning the company to advance exploration activities.

MotorCycle Holdings Limited (ASX, MTO) has agreed to acquire Peter Stevens Motorcycles and Harley Heaven, expanding its footprint across Australia with 15 new dealerships and enhancing its digital retail capabilities.

Triangle Energy has signed binding agreements to sell its onshore Cliff Head assets to Pilot Energy, marking a strategic shift to focus on oil and gas exploration in the Perth Basin.