Latest Operational Risk News

X2M Connect Limited has announced a non-renounceable entitlement offer to raise approximately $2.26 million, issuing new shares and options to eligible shareholders. The capital raise aims to strengthen the company’s balance sheet and support AI platform enhancements and market expansion.

McLaren Minerals has successfully validated its slimes management strategy for the McLaren Titanium Project, confirming conventional mineral sands techniques can effectively handle tailings and slimes. This milestone significantly reduces development risk and supports the final engineering phase.

Manuka Resources has launched a fully underwritten A$8 million entitlement offer to fund the restart of its Wonawinta processing plant and advance its 10-year Cobar Basin Production Plan, targeting silver and gold output by early 2026.

Equinox Resources Limited has launched a prospectus offering up to 21.8 million quoted options, including free-attaching options to placement participants and options to the lead manager as part of a strategic capital move. The offer aims to support key project developments across Brazil, Canada, and Australia, while navigating a complex risk landscape.

Janus Electric has secured a three-year supply deal with Electrovaya to develop advanced lithium-ion battery packs, promising safer, longer-lasting, and lighter batteries for zero-emission heavy vehicles.

Group 6 Metals reported a $23 million loss for H1 2024 amid operational setbacks but completed a major $81 million debt-to-equity recapitalisation, setting the stage for a strategic turnaround.

Cobram Estate Olives has reported a record 2025 Australian olive harvest with a 10.2% increase in production and forecasts a strong FY2025 EBITDA of $115 million. The company also announces strategic moves including a CEO relocation to the US and acquisition of farming machinery business Leda Ag.

The ACCC has approved DP World Australia’s acquisition of Silk Logistics, concluding it won’t significantly harm competition in container stevedoring and logistics services. The decision follows a thorough investigation into potential market impacts.

Vitasora Health has secured approximately A$11 million in capital to accelerate its expansion in the US remote patient monitoring market, highlighted by an upgraded contract with TPAC covering 15,000 patients. The company targets a USD 18 million annual recurring revenue run-rate by late 2026.

Meeka Metals has poured its first gold at the Murchison Gold Project on schedule, marking a significant milestone within 12 months of breaking ground. The company is now progressing steadily towards its targeted annual production of 80,000 ounces.

New Age Exploration has finalized the sale of its Lochinvar Metallurgical Coal Project, entering a royalty agreement that could yield up to A$15 million, while sharpening its focus on gold and lithium assets in Australia and New Zealand.

Auric Mining has acquired a mining camp, nickel rights, and water access from WIN Metals for $1.4 million, strengthening its operational control and growth prospects at the Munda Gold Mine.