Latest Reverse Takeover News

Basin Energy has offloaded its Marshall Uranium Project in Canada to Green Canada Corporation, securing cash, equity, and strategic rights while freeing resources to focus on its Sybella-Barkly discovery in Queensland.

Broken Hill Mines Limited posted a $48.8 million loss for FY2026, driven by acquisition-related costs and re-compliance expenses, despite a 56% revenue increase reflecting production growth at Rasp and Pinnacles mines.

Basin Energy’s maiden drilling at Newmans confirms a thick, shallow rare earth oxide corridor, validating a key exploration model and expanding its Queensland footprint. Meanwhile, the sale of its Canadian uranium project progresses with strategic upside retained.

Pure Resources has agreed to sell its non-core Mt Monger gold exploration licence for $20,000 cash plus a 20% uplift fee on future monetisation within 18 months, shedding holding costs while retaining upside.

True North Copper (ASX:TNC) has agreed to sell its Bundarra Copper Project to Tec Minerals, securing A$500,000 cash, A$1 million equity in Tec Minerals, and a 1% Net Smelter Royalty, as it sharpens focus on its Mt Oxide and Cloncurry copper developments.

RTO Limited reported a net loss of NZD 173,831 for the year ended 31 March 2026, remaining inactive while actively seeking a reverse takeover target. The company faces going concern uncertainty but secured shareholder support with a $200k loan agreement post-year-end.

Freedom Care Group Holdings outlines a strategic recovery plan following the suspension of its securities and liquidation of its main operating subsidiary, aiming to restore shareholder value and regain ASX listing.

Basin Energy has executed a definitive agreement to sell its Marshall Uranium Project to Green Canada Corporation, securing upfront payments and retaining significant future upside through equity and buyback options.

MinRex Resources has obtained a crucial ASX waiver allowing it to issue shares to Electrum Discovery shareholders without needing further shareholder approval, smoothing the path for its planned acquisition.

Aura Energy has attracted a C$10 million investment from MMCAP and strategic partners, valuing its Swedish Häggån polymetallic project at C$50 million and spinning it into a new Canadian-listed entity.

Basin Energy has agreed to sell its Marshall Uranium Project to Green Canada Corporation, securing cash, shares, and a significant equity stake while retaining strategic rights and exposure to Canadian uranium assets.

Janus Electric Holdings has updated its FY25 financials with audited figures, correcting prior R&D expense misstatements and recognizing an impairment on its Vaulta investment, resulting in a net loss of $8.9 million.