Latest New Zealand News

Red Sky Energy is set to raise up to $5.2 million through a placement and rights issue to fund its participation in a Santos-operated drilling program in South Australia’s Innamincka Dome. The capital raise aims to accelerate near-term production and cash flow from existing and new wells.

Critical Resources Limited has commenced ground exploration at its Lammerlaw and Croesus projects in New Zealand, targeting exceptional historical tungsten grades and gold-antimony mineralisation amid rising global demand for critical minerals.

Shriro Holdings has introduced a new dividend policy aiming to distribute 20-30% of net profit after tax annually, balancing shareholder returns with capital needs. The Board retains discretion over payments, factoring in franking credits and strategic priorities.

Fitzroy River Corporation has received a significant payment from Tasman Mining as part of an option exercise to acquire its royalty on the Snowy River Gold Project in New Zealand. The funds are currently held in escrow pending confirmation of key project milestones.

Webjet Group announces the resignation of CEO Katrina Barry, who led the company through a major demerger and strategic overhaul. The company reaffirms its FY26 EBITDA guidance despite ongoing leadership changes.

KMD Brands has requested a voluntary suspension of its shares on both the NZX and ASX as it finalises a capital raise, refinancing, and its half-year financial results. The suspension aims to maintain market order while key details remain under negotiation.

Auckland International Airport confirms the share allotment price for its Dividend Reinvestment Plan tied to the 2025 half-year dividend, signalling steady shareholder returns.

DGL Group Limited has replaced its ANZ-led financing with a new $120 million facility from ScotPac, extending maturity and enhancing working capital flexibility amid ongoing management restructuring.

Syrah Resources has successfully closed its institutional entitlement offer, securing A$44 million at a share price of 10.5 cents, with the retail offer now open to shareholders. This capital raise aims to strengthen the company’s financial position as it advances its graphite and anode material operations.

Weebit Nano has successfully raised A$87 million through institutional and Israeli placements, positioning itself to fast-track its advanced ReRAM technology development. The capital raise includes a forthcoming share purchase plan for retail investors.

Australia and New Zealand Banking Group Limited (ANZ) has announced a quarterly distribution of AUD 1.4438 per security on its capital notes, payable in June 2026, with a 70% franking component and tax considerations for investors.

Critical Resources has completed the transfer of five New Zealand prospecting permits, consolidating a significant 1,694 km² gold-antimony portfolio in the South Island and gaining approvals to commence early-stage exploration.