SYDNEY – Resolution Minerals Ltd. (ASX: RML; OTCQB: RLMLF) announced Tuesday it has entered a binding agreement to acquire a processing mill and historic tungsten stockpiles in Idaho, a strategic move aimed at accelerating potential U.S. production of critical minerals antimony and tungsten. The acquisition targets the Johnson Creek Tungsten & Antimony Mill and the…
Category: Australian Exchange
Australian Securities Exchange news today and company announcements regarding mergers, acquisitions, appointments, expansion and technology of companies listed on Australian Securities Exchange (ASX).
Almonty to acquire U.S. Tungsten project in strategic Montana district
TORONTO – Almonty Industries Inc. (NASDAQ: ALM), a leading global producer of tungsten concentrate, said on Tuesday it will acquire the Gentung Browns Lake Tungsten Project in Beaverhead County, Montana, marking a strategic expansion into the U.S. market amid rising defense and manufacturing demand. The deal, valued at US$9.75 million, includes US$750,000 in cash and…
Australian miner Ragusa to take controlling stake in U.S. manganese-gold project
PERTH – Australian exploration company Ragusa Minerals Ltd (RAS.AX) said on Wednesday it has executed a binding deal to acquire a controlling interest in U.S.-listed Pegasus Tel Inc (PTEL) and its Purple Pansy manganese-gold project in Arizona, tapping into Washington’s push to boost domestic supply of critical minerals. Ragusa will pay $195,303 for a 60.09%…
Flight Centre sells Asia-based hotel business Cross to South Korea’s Sono International
BRISBANE – Australia’s Flight Centre Travel Group Ltd (FLT.AX) said on Wednesday it has sold its Asia-based hotel management business, Cross Hotels and Resorts, to South Korea’s Sono International Co. Ltd. The divested business, which includes Cross Hotels and Resorts and PT Bespoke Hospitality Management Indonesia, manages a portfolio of 17 hotels across Thailand and Indonesia,…
EQT makes $45 per share takeover offer for Australia’s AUB Group
SYDNEY – Australian insurance intermediary AUB Group Ltd said on Wednesday it has received an unsolicited, non-binding proposal from private equity firm EQT to acquire the entire company for A$45.00 per share in cash. The indicative offer from EQT’s affiliated entity, Arbutus Pte. Ltd, values the ASX-200 listed company at a significant premium and follows…
Cash Converters launches $25 million equity raising to fund franchise store acquisition
SYDNEY: Australian pawnbroking and personal lender Cash Converters International Ltd said on Monday it is raising roughly A$25 million ($16.6 million) in an equity offering to help fund the proposed acquisition of a network of 29 franchise stores in the country. The company, listed on the Australian Securities Exchange (ASX: CCV), will conduct the raising…
Australian miner Lodestar Minerals to acquire Arizona rare earth project
SYDNEY: Australian explorer Lodestar Minerals Limited (ASX: LSR) has agreed to acquire the Virgin Mountain heavy rare earth project in Arizona, a site rich in heavy rare earth elements (HREEs) critical for defence, clean energy, and technology sectors, the company announced on Monday. The move comes as China, which dominates global rare earth production, further…
GEO Exploration acquires high-grade gold licence in Western Australia
PERTH: GEO Exploration Ltd. (AIM: GEO) has acquired a 100% interest in the Gorge Project (E08/3737), a highly prospective gold exploration licence in Western Australia, through its wholly owned subsidiary Gorge Gold Pty Ltd. The 81-square-kilometer licence, located 110 kilometers west of Paraburdoo in the Capricorn Orogen, hosts Proterozoic metasediments with historical gold mineralisation identified…
Findi secures new funding, acquires Sphere, and sets FY26 targets ahead of Indian IPO
SYDNEY: Australian digital payments firm Findi Ltd said on Tuesday it has arranged a new A$30 million ($19.5 million) debt facility, agreed to acquire technology firm Sphere, and provided financial guidance for fiscal 2026, as it prepares for a planned Indian initial public offering. The new funding will replace an existing A$9.5 million facility and…
Helloworld Travel acquires full stake in Mobile Travel Agents for A$36 million
MELBOURNE: Helloworld Travel Ltd (ASX:HLO) said on Tuesday it has acquired the remaining 50% stake in Mobile Travel Holdings, trading as Mobile Travel Agents (MTA), for approximately A$36 million, bringing its total investment in the Gold Coast-based mobile travel agency to around A$50 million. The deal, which values MTA at five times earnings, is expected…
Globe International boosts dividend as FY25 profit holds steady amid market shifts
MELBOURNE: Globe International Limited (GLO.AX) reported strong financial stability for the 2025 fiscal year, using its profit to deliver a significant dividend payout to shareholders, even as it navigated geopolitical uncertainty and new tariff pressures in the key U.S. market. The Australian footwear and apparel company, known for its roots in action sports, announced a fully…
Infratil Limited acquires 4.92% Contact Energy stake to 14.3% in $261.5 million deal
WELLINGTON: New Zealand’s Infratil Limited (IFT.NZ) said on Monday it has agreed to acquire a further 4.92% stake in power generator Contact Energy Limited (CEN.NZ) for NZ$437.7 million ($261.5 million), increasing its total holding to 14.3%. The infrastructure investor will buy the stake from TECT Holdings, the former Tauranga Energy Consumer Trust, at NZ$8.95 per Contact share, according…