Latest Market Update News

Larvotto Resources rejects Austral Resources' non-binding bid for Hammer Metals, underscoring its binding scheme and operational strengths including imminent production at Hillgrove.

Element 25 has locked in a US$166 million grant from the U.S. Department of Energy to fund its Louisiana high-purity manganese sulphate monohydrate (HPMSM) facility, reinforcing its role in the evolving battery materials supply chain.

Advent Energy, in which MEC Resources holds a 37.95% stake, will challenge a Federal Court judgment on the PEP11 offshore gas exploration permit, with its subsidiary Asset Energy leading the appeal.

Neometals Ltd reveals ongoing delays in receiving A$5 million from Omaha Value Holdings for its Tranche 2 placement, with subscription funds now expected in multiple instalments. The company maintains its cash preservation measures amid uncertainty over final settlement timing.

Brambles Limited has lodged an appeal against a Federal Court judgment in a class action involving shareholders from 2016-2017. The company maintains insurance coverage and promises ongoing market updates.

Echelon Resources has crystallised A$15.7 million in cash from selling nearly 140 million Cue Energy shares to Horizon Oil, using the proceeds primarily to reduce debt and solidify its financial position.

Sierra Nevada Gold (ASX: SNX) reports 60% completion of its Phase 1 drilling at the As Safra copper-gold project in Saudi Arabia, with promising geological signs and ongoing government backing.

Tourism Holdings Limited has allowed the BGH-led consortium to conduct due diligence after a revised all-cash offer of NZ$3.10 per share. The Board remains cautious, with no recommendation or decision yet on the potential acquisition.

Invictus Energy confirms the Petroleum Production Sharing Agreement for its Cabora Bassa Project is material information disclosed promptly following government notification.

oOh!media is actively engaging with several financial sponsors, including Bain Capital, Pacific Equity Partners, and I Squared Capital, over potential change of control deals, having received conditional non-binding indicative offers.

Greenvale Energy has completed initial product assessments for its Alpha Project bitumen samples, successfully separating volatile fractions and producing a bitumen-like material. The company plans further processing to meet industry specifications and awaits independent certification.

Urbanise is set to launch a unified strata payments platform integrated with NAB banking, promising streamlined workflows and a branded owners portal from July 2026.