Latest Strategic Reviews News

Novomatic AG has launched an unconditional $1.00 per share cash offer to acquire all remaining shares of Ainsworth Game Technology Limited, representing a 35% premium to pre-announcement trading prices. The offer runs alongside a terminated scheme of arrangement and comes with unanimous board backing.

Astute Metals reports a significant lithium-in-soil anomaly at its Red Mountain Extension project in Nevada, with soil grades up to 1,080ppm and rock chip samples confirming bedrock mineralisation up to 2,690ppm. The company is streamlining its Nevada claims to focus capital on this promising discovery.

OM Holdings reported steady revenue of US$309.3 million in 1H 2025 despite a sharp EBITDA decline and net loss, while maintaining a strong cash position and advancing sustainability goals.

Magnum Mining & Exploration Limited is intensifying its US asset review, spotlighting promising rare earth elements and critical minerals prospects at its Parker Gold and Buena Vista Iron projects amid shifting geopolitical priorities.

Pro-Pac Packaging is progressing a strategic review involving potential asset sales and liquidity support, with ASX trading suspension imminent pending financial disclosures.

Opthea Limited reported a 26% reduction in net loss for FY2025 despite discontinuing its wet AMD drug after failed Phase III trials. The company settled its Development Funding Agreement with investors, securing liquidity and planning a strategic pivot.

FBR Ltd reported a 57% revenue increase driven by property sales but posted a $29 million loss as it advances commercialization of its Hadrian X® robotic bricklayer and secures significant new funding.

Codeifai Limited reported a near doubling of its half-year loss to $3.93 million, alongside a 32% revenue drop, while pursuing transformative AI and quantum security acquisitions and securing $2.35 million in fresh capital.

AVADA Group Limited reported a revenue decline and a $9.7 million impairment on its New Zealand operations in FY25, while completing Phase 1 of its business transformation including ERP implementation and operational consolidation.

Linius Technologies reported a $5.31 million loss for FY25 as it shifts towards a sales-driven SaaS model, with new leadership and cost-cutting measures aiming to reshape its future.

Macarthur Minerals Limited reported a successful capital raise and key strategic partnerships at its 2025 AGM, positioning itself for future growth in iron ore production.

AVADA Group Limited reported a statutory net loss of $17.6 million for FY25, driven by impairments and challenging trading conditions, while completing a major business transformation aimed at future growth.