Latest Shareholder Value News

Hammer Metals is set to terminate its agreement with Larvotto Resources after Larvotto declined to match a superior acquisition offer from Austral Resources. The company plans to finalise a deal with Austral, triggering contractual payments to Larvotto.

Larvotto Resources has declined to match Austral Resources’ higher offer for Hammer Metals, sticking to its strategic investment criteria while advancing its Hillgrove Mine production plans.

FleetPartners has dismissed SG Fleet’s $3.60 per share bid as undervaluing the company and is now weighing a superior $3.80 to $4.00 per share offer from Element Fleet Management, subject to exclusivity and regulatory approvals.

Rua Bioscience has approved a $600,000 convertible note facility aimed at boosting inventory purchases to accelerate its UK market expansion following a major distribution deal.

BPM Minerals has kicked off a record 20,000m reverse circulation drilling campaign at its Forelands Gold Project in Western Australia, targeting a maiden JORC-compliant resource at Beachcomber and preparing for maiden drilling at Bonnie & Clyde.

Miramar Resources has restructured its board and executive roles to bolster its growth strategy, appointing Mark Hanlon as Non-Executive Director and transitioning Marion Bush to Chief Executive Officer. The company also outlined upcoming drilling programs at key Western Australian projects.

Meteoric Resources has secured a secondary listing on the U.S. OTCQB Venture Market, enabling its shares to trade under METOF and enhancing access for U.S. and Brazilian investors without disrupting its ASX presence.

Percheron Therapeutics announces Dr Michael Baker as incoming CEO, replacing Dr James Garner who steps down after three years. Baker’s appointment aligns executive incentives with shareholder value as the company prepares for a pivotal HMBD-002 clinical trial.

Venus Metals Corporation is returning $35 million to shareholders via a special cash dividend funded by the recent sale of its Youanmi Gold Project royalty to Franco-Nevada. The dividend is largely franked and follows an earlier in-specie distribution of Rox Resources shares.

Yari Resources (ASX: YAR) is set to double its Bowen Basin coal resource to over 500 million tonnes through a binding conditional acquisition of the Arcadia Coal Project, backed by a $2.2 million placement.

Metcash Limited posted a steady FY26 performance, with group revenue rising to $19.6 billion and EBITDA up 1.9%, driven by growth in Food and digital channels despite challenges in Hardware.

Altamin Limited has locked in a $2 million unsecured loan facility from its major shareholder Victor Smorgon Group, providing non-dilutive funding to advance its Lazio and Gorno projects and shore up working capital.