Latest Mergers And Acquisitions News

Ardiden Limited reports a robust cash balance of A$11.76 million and highlights strategic exploration focus on its Pickle Lake Gold Project, targeting promising gold and copper opportunities in Ontario.

Olympio Metals has secured an option to acquire 80% of the promising Dufay Copper-Gold Project in Quebec and plans to commence drilling imminently, while divesting non-core assets to strengthen its balance sheet.

Coppermoly Limited has raised $1.05 million through a share placement to fund its 2025 copper and gold exploration projects in Queensland’s Mt Isa and Cloncurry regions. The capital injection underscores the company’s commitment to advancing its resource portfolio in a highly prospective mining district.

Patagonia Lithium has announced a significant inferred mineral resource of 3.816 million tonnes lithium carbonate equivalent at its Formentera project, highlighting strong lithium concentrations and promising extraction technology that could accelerate production timelines.

Cobalt Blue Holdings has completed a non-renounceable entitlement issue, raising just over half a million dollars but leaving a significant shortfall of shares unclaimed. The company now holds discretion to place these shortfall shares within three months.

Kula Gold Limited has secured a 75% stake in Malawi’s Wozi Niobium Project, revealing promising historical niobium and tantalum mineralisation and setting sights on a maiden drilling program in Q2 2025.

Australian Foundation Investment Company (AFIC) reported a 2.7% rise in half-year profit to $154.2 million and increased its interim dividend to 12 cents per share, while its portfolio outpaced the S&P/ASX 200 over the past year.

Etherstack has secured a $1.2 million contract with AT&T to supply wireless network equipment, reinforcing its role in mission-critical communications and promising revenue growth this financial year.

Spectur Limited reported a robust net cash inflow from operating activities of $2.53 million in Q4 2024, offsetting modest outflows in investing and financing activities. The company closed the quarter with $869,000 in cash and cash equivalents, signaling operational resilience in the surveillance technology sector.

Spectur Limited reports a steady increase in revenue and positive operating cash flow for Q2 FY25, signaling progress in its strategic shift towards profitability. Cost-cutting initiatives and recurring revenue growth underpin expectations for consistent profits in the coming quarters.

Prospect Resources has unveiled final Phase 1 drilling results from its Nyungu Central deposit, revealing thick, high-grade copper intersections and extending the deposit’s strike length to approximately 1.4km. The company is gearing up for Phase 2 drilling and an initial resource estimate in early 2025.

Aeris Resources has completed a 70-hole drill program at its Constellation deposit, delivering impressive high-grade copper intercepts and setting the stage for a significant resource upgrade and mine permitting milestones.