Perth-based exploration company Eclipse Metals has acquired the Ivittuut mine in southwestern Greenland, the world’s only commercial cryolite mine, through a cash and scrip deal.
All directors of Perth-based Cardinal Resources have accepted a takeover proposal from China’s Shandong Gold, which recently raised its offer price to $1.075 per share.
Plico Energy has locked in $2.4 million from investors while also agreeing to a $1.6 million debt facility with a major lender, with the funds to go towards its WA marketing initiatives.
Sheffield Resources has agreed to form a joint venture for its Thunderbird mineral sands project in WA, while disclosing its existing financing arrangements have been terminated.
Trek Metals has expanded its exploration efforts in the Pilbara after signing separate agreements to acquire gold and iron ore tenements, close to the company’s Pincunah project.
Shandong Gold has assumed control of Perth-based Cardinal Resources, following a nine-month bidding war with Russia's Nordgold and despite two late takeover proposals.
Wearable hearing tech company Nuheara has signed a three-year supply agreement with American multinational HP, while also announcing an $11.5 million capital raising.
Nickel miner IGO has completed an equity raising associated with its 49 per cent acquisition of Tianqi Lithium, giving it a stake in the Greenbushes lithium mine and Kwinana refinery.
Emerging gold producer Calidus Resources has launched a $32 million share placement to fund the development of its Warrawoona project in Western Australia.
Syrah Resources is raising funds from a $56 million placement and convertible notes deal with major shareholder AustralianSuper to progress its US and Mozambique graphite operations.
The board of The Agency Group has urged shareholders to ignore a proposal by an entity associated with the real estate company's ex-director and major shareholder.
Nickel miner IGO has announced a transformational deal to buy 49 per cent of Tianqi Lithium, giving it a minority stake in both the Greenbushes lithium mine and the Kwinana lithium refinery.
Perth-based contractor MACA is in talks to buy Downer’s mining services division, while IGO is reportedly considering a $2 billion deal with China’s Tianqi Lithium Corporation.
