Latest Shareholder Value News

Being AI is preparing to transfer 57% of its issued shares to existing shareholders while moving a 14.4% stake to Excalibur Capital Partners. The transactions are due to complete on 12 October, when the company will also receive a new chair and board.

SkyCity has appointed UBS and Chapman Tripp to run a structured process exploring potential transactions and other ways to lift shareholder value, while continuing talks with two parties whose earlier approaches were rejected. The casino operator also expects major asset sale proceeds and says cost savings are tracking ahead of plan.

Kingsrose Mining is entering FY27 with A$18.1 million in cash, a fresh CEO and a portfolio that now depends more heavily on permitting, partnerships and capital discipline. The company’s nearest-term opportunity is Penikat drilling in Finland, while its Norwegian projects require new routes to funding or value realisation.

PolyNovo delivered 16.1% revenue growth and a sharp improvement in operating cash flow in FY26, despite a lower statutory profit after a prior-year tax benefit and a fire-related write-off. The ASX-listed wound-care company now expects to lodge its U.S. PMA application for NovoSorb BTM before the end of 2026.

Western Gold Resources is pursuing multiple processing alternatives for Gold Duke after Wiluna Mining deferred third-party tolling, while revising the project’s study around a larger resource. The company is also considering corporate opportunities, but no processing agreement, transaction or expanded mine plan has been secured.

Locality Planning Energy CEO Scott Taylor has stepped down, with a three-person interim leadership team taking charge while the board searches for a permanent successor. The company says its growth strategy remains unchanged, but has not set a timetable for the appointment.

H3 Energy says four prospective partners have completed initial evaluations of its Warro gas project and been invited to submit commercial proposals. At Alinya, multiple global energy companies have signed confidentiality agreements and entered the data room, but no binding farm-out deal has yet been secured.

Pacific Current Group has rejected a non-binding offer from Roc Partners, citing valuation and shareholder fairness concerns, while continuing to review a separate proposal from River Capital involving a potential share issuance at $13 per share.

Larvotto Resources has delivered strong assay results from Clarks Gully drilling, revealing multiple high-grade gold-antimony-tungsten zones and expanding the deposit's footprint at depth and southwards.

Mader Group has initiated a $30 million on-market share buy-back, signalling confidence in its valuation and financial strength while maintaining its growth strategy.

Maronan Metals appoints experienced mining executive Andrew Graham as Managing Director and CEO, marking a key leadership transition to advance its Maronan Project through drilling and feasibility milestones.

Impact Minerals (ASX: IPT) has pushed back the deadline for its $4.13 million renounceable rights issue by two days, offering shareholders more time to subscribe and clarifying the value of free attaching options.