Latest Market Conditions News

Ballard Mining Limited is launching an IPO to raise up to $30 million, aiming to accelerate exploration and development of its Mt Ida Gold Project in Western Australia, which hosts over 1.1 million ounces of gold.

Delta Lithium Limited has announced a proposed demerger involving an in-specie distribution of over 63 million Ballard Mining shares to eligible shareholders, pending approval at a June 30 meeting. This move will reduce Delta's stake in Ballard and set the stage for Ballard's eventual ASX listing.

Betashares Capital Ltd has announced the final distribution amounts for May 2025 for a suite of 16 ETFs listed on the ASX AQUA market, all franked and eligible for reinvestment via the Distribution Reinvestment Plan.

Toys"R"Us ANZ Limited reported a significant increase in product margins and sales revenue despite inventory challenges, while advancing a recapitalisation plan to secure its financial future.

Mount Hope Mining Limited has announced a non-renounceable pro-rata Loyalty Option Offer to raise approximately $103,125, aiming to bolster exploration funding and reward shareholder loyalty.

Galileo Mining has agreed to extend key terms of its lithium joint venture with Mineral Resources at the Norseman project, adjusting payment timelines and earn-in periods to support ongoing exploration.

Merchant House International Limited reported a 38% reduction in net loss for FY2025, driven by asset sales and operational wind-down. The company is moving towards divesting remaining assets, delisting from ASX, and winding up.

Wingara AG Limited reported an 18% revenue increase to $3.5 million for FY25 but posted a reduced net loss of $1.47 million, reflecting a strategic pause in fodder operations amid challenging market conditions.

Flagship Minerals has raised A$1.25 million through a share placement and convertible note conversions to advance the Pantanillo Gold Project towards a JORC-compliant resource. The funds will support drilling, metallurgical testing, and environmental studies aimed at unlocking the project’s significant gold inventory.

Cardiex Digital Vascular Biomarkers announces a A$6.5 million equity raise to fund inventory, marketing, product development, and debt repayment, aiming to solidify its position in the expanding cardiovascular health market.

American West Metals has launched a $1 million Share Purchase Plan following a $5.9 million placement, offering shareholders a discounted opportunity to invest in its Storm Project exploration activities.

Metrics Master Income Trust (MXT) has successfully completed a $315 million wholesale placement, boosting its portfolio diversification and increasing its net asset value to approximately $2.44 billion.