Latest Shareholder Support News

Predictive Discovery and Robex Resources have completed all merger steps except the final administrative confirmation from Quebec, bringing the combined West African gold producer closer to operational integration.

Genesis Minerals is set to acquire Magnetic Resources for approximately A$639 million, offering Magnetic shareholders a 25-35% premium. The deal unlocks synergies at the Lady Julie Gold Project, where an updated underground production target extends mine life to 14-19 years with improved economics.

Asara Resources (ASX:AS1) is pushing ahead at its Kada Gold Project in Guinea’s prolific Siguiri Basin, boasting a 923,000-ounce gold resource and launching expansive 2026 drilling campaigns aimed at significantly growing both Indicated and Inferred categories.

Magellan Financial Group Ltd (ASX:MFG) has moved closer to fully acquiring Barrenjoey Capital Partners, proposing to increase its ownership to 100% through a share issuance. The transaction, valued at approximately A$1.6 billion, has received positive market response and awaits shareholder and regulatory approvals.

Jindalee Lithium Limited's US subsidiary, HiTech Minerals, has signed a binding agreement with Constellation Acquisition Corp I to form US Elemental Inc., a NASDAQ-listed company holding the McDermitt Lithium Project. The transaction values the new entity at approximately US$571 million enterprise value, with Jindalee retaining majority ownership.

Insignia Financial has received Foreign Investment Review Board approval for its proposed acquisition by Daintree BidCo, clearing a key regulatory hurdle. The scheme now awaits shareholder and court approvals, with the board recommending shareholder support.

Ardea Resources has successfully raised $340,000 through a Shareholder Purchase Plan following a $5 million placement, demonstrating shareholder confidence despite ongoing geopolitical tensions.

Horizon Gold has successfully closed its $10.2 million entitlement offer, achieving an 85% subscription rate and fully placing the remaining shortfall, bolstering its capital position.

Iceni Gold has upsized its recent placement to nearly $1.76 million, securing additional funds to advance drilling and exploration at its flagship 14 Mile Well Gold Project in Western Australia.

Electrum Discovery Corp. shareholders have overwhelmingly approved a merger with MinRex Resources, setting the stage for a significant cross-continental consolidation in gold and base metals exploration.

WA Kaolin Limited has announced a $34.9 million recapitalisation plan involving a non-renounceable entitlement issue and debt conversion to strengthen its balance sheet and fund operational improvements at its Wickepin kaolin project.

Genesis Energy has successfully completed a NZ$300 million rights offer, with strong shareholder participation including the Crown maintaining its majority stake. The capital raise underpins the company’s Gen35 strategy and sets the stage for upcoming share trading.