Latest Due Diligence News

Metal Bank Limited has completed due diligence on Hastings Technology Metals' gold assets and is set to commence drilling at the Seven Leaders prospect, marking a key step in its Western Australian gold expansion strategy.

Peak Rare Earths Limited held a pivotal scheme meeting on 16 September 2025 to approve Shenghe Resources’ $195 million acquisition offer, which includes a 23% premium on the original proposal. Despite a higher unsolicited bid, the board recommends shareholders back Shenghe’s cash deal.

Sunrise Energy Metals has attracted a significant financing interest from the U.S. Export-Import Bank, potentially securing half the capital needed for its Syerston Scandium Project amid shifting global supply dynamics.

Pantera Lithium has won strong shareholder approval for its sale of Daytona Lithium to EnergyX, with due diligence complete and closing expected soon. Meanwhile, Pantera is broadening its US critical minerals portfolio beyond lithium.

Peak Rare Earths has dismissed a $240 million acquisition proposal from General Innovation Capital Partners, reaffirming its commitment to Shenghe Resources’ $195 million scheme. The board cites concerns over GICP’s incomplete offer and regulatory uncertainties.

Emu NL has agreed to sell its Badja Gold Project subsidiary for AUD 3.5 million, redirecting focus and funds to its promising Yataga Copper Project in Queensland.

Forrestania Resources has signed a binding agreement to acquire the Burracoppin Gold Project from Askari Metals, adding a significant JORC resource near a major WA gold mine. The deal includes cash, shares, and options, linking Forrestania to promising African exploration assets.

Askari Metals has agreed to sell its Australian gold assets to Forrestania Resources for A$700,000, enabling a strategic pivot towards its promising African exploration projects.

Fortuna Metals has secured two key exploration licences in Malawi’s emerging rutile province, positioning itself next to Sovereign Metals’ world-class Kasiya deposit. The company also appoints Tom Langley as CEO to spearhead exploration efforts.

360 Capital Mortgage REIT has announced a 1-for-1 non-renounceable entitlement offer priced at net asset value to raise approximately $45.2 million, aiming to fund new loan investments and diversify its portfolio.

Cauldron Energy has signed a non-binding MOU with Uzbekistan’s Navoiyuran, a global leader in in-situ recovery uranium mining, to collaborate on advancing the Yanrey Uranium Project in Western Australia. This partnership aims to leverage Navoiyuran’s technical expertise and operational experience to unlock the project’s full potential.

Altair Minerals has secured a world-class exploration team led by Pascal Van Osta to advance its Greater Oko gold project in Guyana, with fieldwork set to begin imminently targeting a 10km strike of highly prospective shear zone.