Latest Strategic Shift News

Invex Therapeutics has discontinued exclusive negotiations to acquire a rare neurological disease company due to board instability triggered by a shareholder requisition notice. Despite this setback, the company remains committed to diversifying its neurological treatment portfolio.

Lindian Resources has adopted an owner-operator mining model at its Kangankunde Rare Earths Project, aiming to reduce mining costs by around 30% and accelerate production start to early 2026.

JAYRIDE Group has inked a pivotal SaaS agreement with Thailand’s Drivemate, marking a strategic shift from airport transfers to a full-scale digital mobility platform. The partnership launches with a 2,000-vehicle pilot in Bangkok and aims for nationwide expansion within a year.

Peel Mining has raised $18.75 million through a placement and share purchase plan, while appointing Tony Schultz as a new director to drive its copper and polymetallic asset strategy in the Cobar Basin.

Cromwell Property Group has announced the commencement of asset realisation and winding up of its Direct Property Fund, following a recent liquidity event. The process is designed to be gradual and is not expected to affect the company’s FY26 earnings or distribution guidance.

TMK Energy Limited has announced a significant security consolidation, merging every 55 existing securities into one, impacting shares, options, and performance rights with adjusted exercise prices.

Future Metals NL has responded to an ASX price query following a sharp rise in its share price and trading volume, confirming no undisclosed information but highlighting progress on appointing a new CEO.

FirstWave Cloud Technology has secured $2.85 million in a capital raise to fuel its pivot towards AI-powered compliance management and expand its global footprint, following a successful operational turnaround.

Sports Entertainment Group has fast-tracked the sale of its remaining stake in Perth Wildcats, securing $18.5 million by mid-2026, while reporting a robust start to FY26 with promising earnings growth.

Iluka Resources has set the share allocation price for its 2025 Interim Dividend reinvestment plan at $6.0274, with just over 10% of shareholders opting in. The issuance of 41,852 new shares marks a cautious but steady participation in the DRP.

Frontier Digital Ventures announces key leadership changes with Patrick Grove stepping in as Executive Chairman and a planned CEO transition by November 2025.

TasFoods has agreed to sell its Pyengana Dairy business for $2 million, aiming to reduce debt and refocus on its poultry supply chain. The sale awaits shareholder approval with settlement expected by early November.