Firefinch says it is evaluating alternative funding options after pulling the pin on a planned capital raising, pointing to a weaker gold price and Australian-US dollar exchange rates.
Genesis Minerals has secured full control of friendly takeover target Dacian Gold, triggering Nev Power’s retirement from the board and the appointment of prominent director Tony Kiernan.
A nine-hectare lot with holding income has been sold for $31.5 million, with plans to develop an A-grade logistics facility on the vacant portion of the land.
Subiaco-based lithium play Octava Minerals closed its first trading day on the local bourse up 27.5 per cent on the back of $6 million initial public offering.
West Perth-based Anson Resources has received commitments to raise $50 million as it works towards making a final investment decision for its flagship project in Utah.
Shares in Warrick Hazeldine-chaired Global Lithium Resources have risen to a new high after major shareholder Mineral Resources lifted its interest in the business.
Rio Tinto and its largest customer China Baowu Steel Group have cemented a joint venture to develop the Western Range iron ore deposits in the Pilbara at a cost of $US2 billion.
Gaming entrepreneur Laurence Escalante has acquired almost 10 per cent of software business icetana as part of a changing of the guard in major support.
A subsidiary of Shanghai Stock Exchange-listed Chifeng Gold has bought $49.3 million worth of shares in aspiring West African gold producer Tietto Minerals.
Aspiring gold producer Greatland Gold has recruited three of the state’s most prominent company directors while also attracting Andrew Forrest’s Wyloo Metals as its top shareholder.
Mineral Resources shares have soared to an all-time high amid speculation that the Chris Ellison-led miner is considering a spin-out of its lithium operations.
A company belonging to Monadelphous chair John Rubino has bought $6.7 million worth of shares in WA apartment developer Finbar, adding another link to the pair’s business relationship.
The fitness franchise and east coast property group will move to a Churchill Avenue building that Performance Property’s directors purchased for $4.23 million.
Hastings Technology Metals is hoping to raise up to $110 million to develop its proposed Yangibana rare earths project in Western Australia’s Gascoyne region.
Strike Energy shares slipped 10 per cent after the company announced a $30 million capital raising from institutional and sophisticated investors to progress projects.
Billionaire Andrew Forrest has snapped up Cottesloe’s heritage-listed Le Fanu for $15.6 million after the property spent more than three years on the market.
Jules Pemberton-led NRW Holdings has withdrawn its takeover proposal for fellow WA contractor MACA a day after bidding opponent Thiess increased its front-running offer.
Thiess has tacked an extra $17.4 million on to its current offer to acquire all shares in MACA, with the target’s founding directors now backing an improved proposal of $1.075 per share.
Andrew Forrest’s Wyloo Metals will make its first move into rare earths by backing ASX-listed aspiring producer Hastings Technology Metals for $150 million via a convertible notes arrangement.
An independent expert has deemed Thiess’s $350 million friendly takeover for WA contractor MACA ‘fair and reasonable’, while intentions from rival bidder NRW are still unclear.
