Latest Balance Sheet News

Prospech Ltd has successfully closed a fully subscribed $1.6 million rights issue, supplemented by a $546,750 follow-on placement, positioning the company to advance drilling and metallurgical programs in Finland and Slovakia.

Cann Group Limited has extended the expiry of its NAB debt facilities by two weeks, providing a brief but vital window to advance its refinancing plans.

Nelson Resources has entered a pivotal Right to Mine Agreement with MEGA Resources, securing up to $10 million in funding and mining expertise to advance the Yarri Gold Project near Kalgoorlie.

PhosCo has terminated the ICC arbitration initiated by TMS Services over the Chaketma Mining project, citing breaches and non-payment of fees. The company now seeks up to A$7.5 million in damages related to longstanding disputes.

Pure Hydrogen Corporation reported FY2025 revenue growth alongside a significant non-cash impairment charge, while progressing its clean hydrogen vehicle technologies and planning a spinout of its Australian gas assets.

Macro Metals has received the final tranche of a $4 million strategic placement from Paramount Earthmoving, boosting its funding and expanding Paramount’s stake to over 9%. This capital injection positions Macro Metals to advance its mining services revenue ambitions.

Westgold Resources unveils a conservative, fully funded three-year plan to increase gold production from 326koz to 470koz annually by FY28 while reducing costs. The strategy leverages existing assets and processing hubs, with key expansions and exploration investments underpinning growth.

FBR Limited’s 2025 Annual Report reveals a substantial $54 million impairment charge that significantly worsens its financial results, pushing total losses to nearly $83 million. The adjustments highlight challenges in capitalised development and asset valuations amid ongoing robotics innovation.

Wellnex Life Limited reported a robust 40.5% revenue increase in FY25, driven by the full-year integration of Pain Away, while margin recovery gains momentum in the second half.

Delorean Corporation has released its audited 2025 Annual Report, revealing key adjustments from its preliminary results including lower revenue, increased tax expenses, and a significant reclassification of borrowings.

Energy World Corporation’s final audited results for FY25 reveal a major loan-to-equity reclassification and a reshuffle of director fee liabilities, reshaping the company’s balance sheet.

Linius Technologies has released its audited FY2025 financial statements, revealing non-cash accounting adjustments related to Convertible Notes that increased reported losses and liabilities compared to prior unaudited figures.