Latest Winding Up News

Next Science Limited is set to distribute approximately A$0.145 per share following the sale of its assets to OSARTIS GmbH, marking a significant step towards winding down its operations.

Ionic Rare Earths’ UK subsidiary has received a £12 million capital grant offer from the UK Government to develop a pioneering rare earth magnet recycling facility in Belfast, aiming to bolster the UK’s sustainable supply chain for critical minerals.

Gold Mountain Limited has reported promising assay results from its Irajuba Prospect in Brazil, revealing significant extensions to rare earth mineralisation and setting the stage for expanded resource drilling.

ABx Group has reported exceptional rare earth extraction rates exceeding 80% from column leach tests on bulk samples at its Deep Leads project, suggesting heap leaching could outperform traditional tank methods and accelerate commercial production.

Genesis Energy has reported a robust second-quarter performance for FY26, underpinned by strong hydro generation and record-low thermal output, prompting an upward revision of its full-year earnings guidance. The company’s strategic focus on portfolio flexibility and renewable projects continues to drive margin quality and operational progress.

Pro-Pac Packaging Group’s Australian and New Zealand operations have been sold to Knoxcorp subsidiaries, while the Perfection Packaging unit is set to shut down by February 2026.

Lynas Rare Earths reported a 43% year-on-year revenue increase to A$201.9 million in Q2 FY26 despite a 30% drop in key NdPr production due to power disruptions and maintenance. The company also announced CEO Amanda Lacaze’s planned retirement at year-end.

Mercury NZ Limited reported a robust quarter with high hydro inflows driving down electricity prices and the commissioning of a new geothermal unit set to enhance generation capacity.

Meridian Energy's December 2025 report reveals robust hydro storage and inflows driving higher generation and retail sales, while wholesale prices remain subdued. Customer connections have surged nearly 20% year-on-year, positioning the company strongly for 2026.

ABx Group has extended its rare earth discovery in northern Tasmania with new scout drilling revealing high-grade mineralisation rich in critical heavy rare earths. Positioned near surface and aligned with Australia’s Critical Minerals Strategic Reserve, ABx’s findings could reshape supply chains for these vital elements.

Origin Energy has announced it will keep the Eraring Power Station operational until April 2029, extending its life by nearly two years to bolster NSW’s energy security during the shift to renewables.

Legend Mining has significantly expanded its Pinnacle Well Project, acquiring new tenements and identifying two high-priority gold anomalies, while winding back its Rockford joint venture holdings.