Deals

Rio Tinto has prolonged the operation of New Zealand's only aluminium smelter after signing a power contract the miner says will help its viability.

WA electric vehicle business Vmoto has secured its most significant order to date, with European company Greenmo Group.

All directors of Perth-based Cardinal Resources have accepted a takeover proposal from China’s Shandong Gold, which recently raised its offer price to $1.075 per share.

Perth-registered Piedmont Lithium will spend $US12 million for a stake in both Queensland’s Sayona Mining and its Quebec subsidiary.

Plico Energy has locked in $2.4 million from investors while also agreeing to a $1.6 million debt facility with a major lender, with the funds to go towards its WA marketing initiatives.

Sheffield Resources has agreed to form a joint venture for its Thunderbird mineral sands project in WA, while disclosing its existing financing arrangements have been terminated.

Trek Metals has expanded its exploration efforts in the Pilbara after signing separate agreements to acquire gold and iron ore tenements, close to the company’s Pincunah project.

Subiaco-based medtech startup Singular Health is seeking up to $6 million ahead of a planned ASX listing next month.

Shandong Gold has assumed control of Perth-based Cardinal Resources, following a nine-month bidding war with Russia's Nordgold and despite two late takeover proposals.

Wearable hearing tech company Nuheara has signed a three-year supply agreement with American multinational HP, while also announcing an $11.5 million capital raising.

The GO2 People is set to acquire Perth-based recruitment company Hunter Executive Search Consultants under an all-scrip deal worth $900,000.

Pilbara Minerals has launched a $240 million equity raising to fund its acquisition of Altura Mining’s Pilgangoora lithium project.

Nickel miner IGO has completed an equity raising associated with its 49 per cent acquisition of Tianqi Lithium, giving it a stake in the Greenbushes lithium mine and Kwinana refinery.

Emerging gold producer Calidus Resources has launched a $32 million share placement to fund the development of its Warrawoona project in WA.

Syrah Resources is raising funds from a $56 million placement and convertible notes deal with major shareholder AustralianSuper to progress its US and Mozambique graphite operations.

The board of The Agency Group has urged shareholders to ignore a proposal by an entity associated with the real estate company's ex-director and major shareholder.

Nickel miner IGO has announced a transformational deal to buy 49 per cent of Tianqi Lithium, giving it a minority stake in both the Greenbushes lithium mine and the Kwinana lithium refinery.

Andrew Forrest's Tattarang is set to invest more than $15 million in Toronto-listed Noront Resources.

Perth-based contractor MACA is in talks to buy Downer’s mining services division, while IGO is reportedly considering a $2 billion deal with China’s Tianqi Lithium Corporation.

Nickel miner Panoramic Resources has agreed to sell 80 per cent of Panton Sill, the operator of a metals project in the East Kimberley.

KalNorth Gold Mines has agreed to sell its Lindsays project in Western Australia for $5 million, following a strategic review.

Matrix Composites & Engineering was trading 20 per cent higher this morning after announcing a new technology agreement with oil and gas major Woodside Petroleum.

Shares in Fenix Resources have hit a nine-year high after the company struck an agreement to export iron ore from the Port of Geraldton.

The demerged company of Perth-based Magmatic Resources is seeking to raise $10 million from its initial public offering, which opened today.

Subiaco-based New World Resources has secured $10 million from a share placement to fast-track a drilling program at the company’s high-grade copper project in the US.

Woodside has hailed the benefits of Amazon Web Services computing infrastructure on the same day the state government signed a deal with AWS.

Perth-based cloud services provider NEXION Networks is seeking to list on the ASX early next year after launching an $8 million initial public offering.

Contractor Downer EDI is selling 70 per cent of its laundries business to a private equity firm for $155 million.

Pilbara Minerals has moved closer to gaining control of Altura Mining’s key asset after striking a $US175 million agreement with the lithium miner’s receivers and managers.

Perth-based Hot Chili has arranged a $25.6 million private placement to fund the payment of its recent copper-gold project acquisition.

Chalice Gold Mines has launched a mega capital raising to boost exploration activities at its high-grade Julimar project in Western Australia.

Tyranna Resources has sold a gold project in South Australia for $3 million, while fellow Perth-based explorer Hannans is purchasing assets in Western Australia.