Simone Grogan

Another ASX-listed uranium company is raising cash to step up its project amid revived interest in the commodity.

Western Australian billionaires Gina Rinehart and Andrew Forrest have topped the list of Australia’s wealthiest 250 for 2022, with Canva founders Melanie Perkins and Cliff Obrecht scoring a spot in the top 10.

The Birchal platform has raised $100m over four years, with Perth companies Australian Honey Ventures and Bunsters among the latest WA enterprises to garner funding via the site.

Santos and its junior exploration partner Carnarvon Energy have struck a discovery believed to host 43 million barrels of oil east of Western Australia’s Dorado field.

A plan hatched by a consortium of senior managers at DRA Global to remove the engineering company’s chair and chief executive last month has been elevated to the takeovers panel.

Perth-based marine business MMA Offshore has sold one of its vessels to Fortescue Future Industries to be converted into a green ammonia-powered ship.

South Perth-based explorer Finder Energy has garnered $15 million for its initial public offering against a backdrop of rejuvenated oil prices.

A COVID-19 screening system designed by West Perth start-up Avicena Systems has been cleared for use in a large-scale trial in the state’s fly-in, fly-out workforce.

Hancock Group has been cleared to proceed with its largest investment into the energy sector after the federal court approved its joint bid with POSCO to acquire Senex Energy.

Ardea Resources’ Kalgoorlie nickel project has been granted major project status by the federal government amid a heightened period of activity for the commodity.

A US company associated with Bill Beament and Nev Power is set to purchase Glencore’s CSA copper mine for $US1.1 billion ($A1.5 billion).

Wesfarmers is one step closer to completing its acquisition of Australian Pharmaceutical Industries after securing shareholder approval.

Veris Australia has won work on the $2.7 billion M6 motorway works in Sydney in a contract it estimates will generate up to $8 million in revenue.

On today's episode of At Close of Business, journalist Simone Grogan looks at a steady uptick in support for uranium miners in WA.

Boss Energy is hoping to garner $125 million from investors to bring the company’s Honeymoon uranium project into production.

With explorers well funded and strong commodity prices, all signs point to a lengthy period of activity.

Fresh demand for uranium has renewed belief among some in the sector that the market will turn again.

Western Australian companies have won the lion's share of a $243 million critical minerals funding initiative from the federal government hoped to bolster domestic manufacturing.

Swift Networks has extended its existing contract agreement with film distributor Village Roadshow for another five years.

St George Mining is understood to be conducting a $6.5 million equity raise to fund further nickel-copper exploration efforts at the Mt Alexander project in WA’s Yilgarn Craton.

Battery anode materials company EcoGraf has laid plans to demerge and list its Tanzanian nickel exploration assets on the ASX, with the metal in the middle of a significant price spike.

Subiaco-based software business K2fly has won work to roll out its resource governance solution across NYSE-listed Freeport-McMoRan’s global operations.

Western Areas and its independent expert are reviewing terms for a planned takeover from IGO in light of volatile nickel pricing.

Global Lithium secured new investment from Mineral Resources, Pantoro is set to bank $45 million ahead of planned first gold production, while Westgold raised $100 million to step up output.

Engineering services company DRA Global has emerged out of a week-long break from trading advising its chief executive of three years will step down.

Salt Lake Potash’s Lake Way project, which was predicted to be one of the first producing potash assets in the state before its collapse last year, has been put on the market by receivers.

Perth-based visual logistics start-up SpaceDraft has attracted $1.5 million via a round of seed funding backed by angel investors Tim Haggett, Grant Grosser, and Larry Lopez.

Western Areas co-founder and former managing director Julian Hanna said he was excited to return to a promising nickel and base metals exploration story.

Shares in the Subiaco-based company were up as much as 20 per cent in early trade after adding substantial tonnage to its core manganese asset in East Pilbara.

A $10 million initial public offering launched by International Graphite, which has plans to develop a downstream processing facility in Collie, closed in less than a day.

Paladin Energy chair Cliff Lawrenson and non-executive director Peter Watson offloaded a combined 4.5 million shares in the uranium company last week.

Swift shares were up some 23 per cent after booking a contract to install its flagship entertainment system at Roy Hill mine’s accommodation village.