Latest Mining Sector News

Alvo Minerals has successfully closed its retail entitlement offer, raising $810,985 and bringing total proceeds from its recent capital raise to $1.56 million. The funds will support ongoing exploration at its Palma Cu/Zn Project and other mineral ventures in Brazil.

Champion Iron Limited has upsized its senior notes offering to US$500 million, pricing the debt at 7.875% interest to refinance existing credit facilities and support ongoing project development.

Bowen Coking Coal Limited’s shares have been suspended from trading after missing a critical deadline to update the market on its funding efforts, casting uncertainty over its operational future.

NewPeak Metals has officially appointed Mark Purcell as Managing Director, with David Mason stepping into a Non-Executive Director role, marking a key leadership transition for the base metals miner.

Magnum Mining & Exploration has successfully raised nearly half a million dollars through a non-renounceable entitlement offer, with a substantial shortfall offer now available to investors.

Champion Iron Limited has launched a US$450 million senior notes offering due 2032 to refinance existing debt and support corporate initiatives, signaling strategic financial repositioning.

Sayona Mining Limited and Piedmont Lithium Inc. have agreed to merge, creating a leading North American lithium producer with complementary assets and a balanced ownership structure. The merger, subject to regulatory and shareholder approvals, aims to unlock significant synergies and strengthen the combined company’s financial position.

Bastion Mining has surpassed the critical 50.1% ownership threshold in Xanadu Mines, removing key conditions from its takeover bid and declaring the offer unconditional.

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.

Legacy Iron Ore Limited announces a significant leadership reshuffle with CEO Rakesh Gupta stepping down immediately and Dr Ranajit Das appointed to lead the company from July 2025. Ben Donovan also joins the board as a Non-Executive Director.

Matsa Resources has confirmed the unconditional status of its A$113 million option agreement with AngloGold Ashanti for the Lake Carey Gold Project, triggered by rising gold prices and strategic payments.

Orion Minerals has obtained a $0.5 million unsecured loan facility from a company linked to its chairman, aimed at bolstering working capital ahead of potential funding events.