Latest Loan Facilities News

Terramin Australia has launched a partially underwritten $28.65 million entitlement offer to fund project development and reduce debt owed to major shareholder Asipac. The raise could also materially reshape the company’s ownership, while its prospectus flags a material uncertainty over its ability to continue as a going concern.

Queste Communications ended August with just $6,000 in standalone cash, although its consolidated balance remained $2.905 million after a $79,000 monthly operating outflow. The company points to a $450,000 Orion loan facility and listed investments as additional liquidity sources.

NoviqTech has secured a one-year extension on its $1.4 million unsecured loan facility, maintaining favourable terms to support its push for ASX reinstatement.

Minbos Resources edges closer to operational readiness at Cabinda with a US$1.3 million initial drawdown from Banco de Fomento Angola and steel framework shipment underway for Phase 2 construction.

Alcoa Corporation has filed to register shares of its common stock to be issued in connection with its $4.1 billion acquisition of South32 Limited’s upstream aluminum assets, spanning Australia, Brazil and South Africa. The deal includes cash, stock consideration, and contingent payments linked to commodity prices, pending customary approvals and shareholder support.

Australian Unity Limited (ASX:AYU) posted a statutory loss of $155.2 million for FY2026, reflecting regulatory headwinds, transformation costs, and sector disruptions, while advancing its climate risk management and strategic portfolio adjustments.

Sheffield Resources has secured an extension on loan deferrals for its Thunderbird Mineral Sands Mine, pushing key repayment obligations to September 2026 while negotiating a potential debt standstill until mid-2027.

Cycliq Group Limited reported a 20.7% revenue decline to AUD 3.79 million for FY2026, but reduced its net loss by 83% to AUD 85,897, driven by disciplined cost control and strategic platform investments.

The Star Entertainment Group narrowed its net loss to $307 million in FY26, boosted by refinancing, operational improvements, and a joint venture exit, while navigating ongoing regulatory scrutiny and remediation efforts.

West Wits Mining has transitioned from developer to producer with first gold poured at Qala Shallows, backed by a $97 million project finance package and a resource base expanded to 7.24 million ounces.

Kingsgate Consolidated delivered a record FY2026 net profit of $278 million, driven by strong gold and silver output at Chatree and a $68.6 million impairment reversal at the Nueva Esperanza project, while declaring a 10 cent final dividend.

Novatti has swung to a positive EBITDA of $2.0 million in FY26, driven by strategic refocusing on its core Payments AU/NZ business despite a 40.7% revenue decline and loss of control over AUDC.