Latest Winding Up News

Axel REE Limited reveals further high-grade gallium and rare earth element mineralisation at its Caladão Project in Brazil, expanding the known mineralised footprint and advancing resource definition.

Merchant House International Limited reported a 38% reduction in net loss for FY2025, driven by asset sales and operational wind-down. The company is moving towards divesting remaining assets, delisting from ASX, and winding up.

Nanoveu’s subsidiary EMASS has hit a key milestone with its ECS-DoT chip achieving 50 updates per second in drone flight simulations, enabling smarter, more stable drones with up to 30% longer flight times.

Ionic Rare Earths has announced a $3 million capital raise via convertible notes, aimed at advancing its rare earth projects across multiple continents. The raise, pending shareholder approval, underscores the company’s strategic push into sustainable rare earth extraction and recycling technologies.

Top Shelf International Holdings has resolved its long-standing excise debt issue, leading to the dismissal of Australian Taxation Office proceedings against its subsidiary.

Viridis Mining and Minerals, through its joint venture Viridion, has delivered the first batch of high-purity rare earth oxides recycled from Brazilian magnets to Latin America’s only magnet manufacturer, marking a key step in establishing a domestic rare earth supply chain.

Ionic Rare Earths, through its Viridion joint venture, has delivered the first recycled rare earth oxides to Brazil’s CIT SENAI ITR, marking a key step toward a domestic magnet supply chain in South America.

Kingsrose Mining advances its exploration efforts in Norway’s Finnmark region with increased backing from BHP, while winding down its Central Finland alliance. The company also secures an option to acquire the promising Gallujavri nickel-copper-PGE project.

Ionic Rare Earths has signed a pivotal MOU with EMR to develop a circular supply chain for rare earth magnets, supporting its Belfast recycling plant and the UK’s net-zero ambitions.

Australian Vintage outlines a strategic turnaround with innovative product launches and a key acquisition, aiming to reverse declining sales and improve cash flow in FY2026.

London City reports a record investment portfolio value of $27.3 million, buoyed by strong gains in Fiducian Group shares, while legal proceedings against Excelsior Capital and its directors continue to unfold.

Earlypay Limited has lowered its FY25 earnings guidance due to weaker-than-expected invoice finance usage, while signaling ongoing talks about a potential change of control.