Latest Market News

MA Credit Income Trust (ASX, MA1) has successfully raised nearly A$50 million through a wholesale placement, reflecting strong investor appetite for private credit exposure. The capital will be deployed across diversified private credit strategies managed by MA Investment Management.

RareX Limited confirms exceptional high-grade gallium mineralisation at its Cummins Range project, positioning it as a strategic critical minerals asset amid soaring global demand and supply risks.

Fortifai Limited has successfully raised $2.3 million through an upsized share placement, aiming to bolster its AI Gaming Lab and technology partnerships. The capital injection will support ongoing operations and strategic growth initiatives.

North Stawell Minerals has completed a $1 million placement, issuing over 33 million shares to fund its exploration efforts in Victoria's Stawell Mineralised Corridor.

Cyprium Metals has obtained crucial environmental and operational approvals to advance the phased redevelopment of its Nifty Copper Complex, setting the stage for a near-term production restart.

Victory Metals has landed a US$10 million unsecured loan from Saudi Arabia’s sovereign wealth fund, marking a strategic boost for its North Stanmore rare earths project in Western Australia.

Alliance Aviation Services has agreed to sell twelve General Electric CF34-10 engines to Beautech Power Systems for approximately USD40.2 million, aiming to reduce inventory and cut net debt without affecting profit guidance.

High-Tech Metals Limited has appointed Tyler Formica to its board following a $2.5 million capital raise, while the company begins its search for a new CEO after not extending Warren Thorne's contract.

Hutchison Telecommunications (Amsterdam) B.V. has declared its takeover offer for Hutchison Telecommunications (Australia) Limited unconditional after securing over 98% ownership, signaling a decisive step in consolidating control.

Radiopharm Theranostics has inked a clinical supply agreement with Cyclotek to support its Phase 1 trial of RAD 402, a novel radiotherapeutic targeting prostate cancer, set to commence in Australia in late 2025.

Warriedar Resources has successfully closed an oversubscribed Share Purchase Plan, raising $9.1 million; well above its initial $2 million target; and securing a total of $21 million in funding to accelerate exploration at its Golden Range Gold Project.

Pilot Energy has completed the first stage of acquiring full ownership of the Cliff Head Oil Joint Venture assets, positioning itself to advance a pioneering carbon capture and storage project with new international partners.