Latest Payments News

Jayride Group has appointed a new management team and raised $1.51 million to fund a major restructuring focused on halving operating costs and resolving supplier payment issues. Despite supply constraints, demand remains strong, positioning the company for a potential rebound.

Australian Oil Company Limited has completed a key pipeline acquisition in California’s Sacramento Basin, significantly boosting gas production from its Rio Vista wells and setting ambitious quarterly flow targets.

Noronex Limited reports promising copper and silver assay results from initial drilling at its Fiesta Copper Project in Namibia, while advancing diamond drilling and expanding exploration licences in Botswana. The company also strengthens its financial position through early option exercises and South32 earn-in funding.

Alara Resources reports steady copper-gold concentrate shipments from its Oman operations while unveiling promising exploration results at Block 8 and securing the Block 22B concession. The company navigates regulatory challenges with a halted rights issue and prepares for key developments in the coming quarter.

8common Limited reported a record Q3 FY25 SaaS and transaction revenue of $1.1 million, alongside a 33% reduction in operational costs, supported by technology upgrades and a $1.5 million financing facility.

Tartana Minerals has made significant strides towards boosting copper output by signing a key agreement to process ore at the Mungana facility, securing a $10 million financing package, and winning a government grant for exploration drilling.

Riversgold Ltd has exercised its option to increase ownership to 80% in the Kalgoorlie East Northern Zone Gold Project, submitting a mining lease application while delivering significant shallow gold intercepts. Concurrently, its Saint John project in Canada reports high-grade copper, gold, silver, and antimony assays, with drilling approvals secured.

Aston Minerals Limited and Torque Metals Limited have announced a strategic merger to create a growth-focused gold exploration company with combined resources of approximately 1.75 million ounces across projects in Western Australia and Ontario, Canada.

Koba Resources has reported a significant high-grade uranium discovery at its Everest Prospect within the Yarramba Uranium Project, with multiple drill intercepts exceeding 1,000ppm eU3O8 over a 4km strike. The company is advancing plans for Phase 2 drilling in Q3 2025 while divesting non-core assets to focus on its flagship project.

Challenger Gold Limited reported a net cash outflow in operating and investing activities for Q1 2025 but bolstered liquidity through a significant financing drawdown tied to its milling project.

HALO Technologies reports solid quarterly revenue growth and nears completion of a $6.75 million capital raise, while progressing its UK wealth management platform launch and preparing to introduce Managed Funds in Australia.

Betashares Capital Ltd has announced the final distribution amounts for its suite of ETFs for April 2025, alongside details on the distribution reinvestment plan and tax considerations.