Latest Market News

Flagship Minerals has agreed to sell its RK Lithium Project in Thailand for US$4 million, accelerating its strategic pivot towards gold and copper assets in Chile and Canada.

KGL Resources has launched a A$300 million equity raising to complete funding for the Jervois Copper Project, combining it with a US$300 million streaming deal and existing cash to fully finance construction and production.

Mesoblast has drawn US$50 million from a new five-year facility that reduces its interest burden and retires expensive short-term debt, strengthening its financial position ahead of commercial expansion.

Memphasys has rapidly established a foothold in the UK IVF market, securing four active commercial trials and initial orders for its Felix™ sperm selection system within weeks of launch. This momentum aligns with its global expansion strategy targeting major fertility markets.

Australian Rare Earths (ASX: AR3) has announced a maiden Ore Reserve of 26 million tonnes at 920 ppm TREO for its Koppamurra Rare Earths Project, underpinned by a robust Pre-Feasibility Study delivering an A$858 million post-tax NPV and a rapid payback of less than one year.

SunRice reported a 4% rise in net profit after tax for FY26 to $73.3 million, maintaining an 8% EBITDA margin despite a 2.5% revenue decline. The company declared a record fully franked dividend of 70 cents per share but expects FY27 profit to fall amid a smaller Australian rice crop.

Corporate Travel Management (ASX:CTD) has pushed back its FY25 and 1HFY26 financial statements to August 2026 due to intertwined UK customer remediation, financing negotiations, and audit complexities, while signalling significant goodwill impairments across multiple regions.

GTN Limited projects a sharp fall in FY26 earnings amid tough market conditions but signals a hefty dividend and a rebound in FY27 EBITDA.

Cluey Ltd plans to voluntarily delist from the ASX, citing thin trading volumes, undervaluation, and cost savings of around A$500,000 annually. Shareholders will vote on the proposal in August 2026, alongside a small parcel buy-back and the closure of its UK subsidiary Code Camp.

Neometals Ltd has yet to receive A$5 million from its key investor Omaha Value Holdings for the second tranche of its placement, prompting a temporary cash preservation strategy while the company awaits funds by 30 June 2026.

Mantle Minerals has boosted its Carlton Hill Project by acquiring Far West Metals and securing a new exploration licence, positioning itself near Boab Metals' Sorby Hills deposit with promising base metal potential.

Kingston Resources launches a $8.47 million rights issue at a 12.5% discount, backed by a $4.4 million placement, to finance a major drilling campaign and plant expansion at Mineral Hill following the closure of its Pearse South open pit.