Latest Market News

Spartan Resources held a pivotal Scheme Meeting to decide on Ramelius Resources' proposed acquisition, with the board unanimously backing the deal. The transaction offers Spartan shareholders a mix of cash and Ramelius shares, pending court approval.

Argosy Minerals has reached a key agreement to develop a 40MW energy infrastructure for its Rincon Lithium Project in Argentina, paving the way for expanded lithium production and enhanced project viability.

Pharmx Technologies has extended its pivotal National Diabetes Services Scheme agreement and expanded its supplier base, reinforcing its leadership in pharmacy digital infrastructure across Australia and New Zealand.

Australian Strategic Materials Limited (ASM) reminds eligible shareholders that its underwritten Share Purchase Plan closes on 17 July 2025, offering shares at a 20% discount. The plan is underwritten to $3 million by Canaccord Genuity, aiming to bolster ASM’s capital base.

Antilles Gold has taken a major step forward in developing its Nueva Sabana copper-gold mine by signing a non-binding Letter of Intent with Chinese firm Xinhai for a $26 million EPC contract and $16 million in project financing. The agreement also includes a strategic $4.1 million share placement, signaling deeper collaboration and governance involvement.

Cromwell Property Group has launched a major office development in Canberra’s Barton precinct with a long-term lease to a key Commonwealth Government department, alongside a strategic debt refinancing.

Spacetalk Ltd has raised $3 million through convertible notes from its largest shareholder and converted $1 million of secured debt, positioning the company for international growth and new product development.

Structural Monitoring Systems’ Canadian subsidiary has landed a $900,500 order from CAL FIRE for 50 advanced firefighting radios, marking a significant step in a broader fleet upgrade program.

FireFly Metals has doubled its Share Purchase Plan to A$10 million following overwhelming demand, boosting its cash position to approximately A$145 million to accelerate drilling and mining studies at its Green Bay Copper-Gold Project.

Australian Pacific Coal Limited has been served a statutory demand for over A$1 million by M Resources Trading Pty Ltd, linked to a previously announced management fee. The company is reviewing the claim while continuing operations at its Dartbrook mine.

Johns Lyng Group has entered a binding scheme implementation deed with Pacific Equity Partners for a $1.1 billion acquisition at $4.00 per share, representing a significant premium and a 10.3x EV/EBITDA multiple. The transaction awaits shareholder and regulatory approvals, with major shareholder backing and a clear timetable set for late 2025.

Li-S Energy has successfully produced Australia’s first lithium metal foils ahead of schedule at its Geelong facility, marking a major step in domestic battery manufacturing and supply chain sovereignty.