Mitsubishi Electric Corporation has announced the full acquisition of French air-conditioning company AIRCALO through its subsidiaries Mitsubishi Electric Hydronics & IT Cooling Systems S.p.A. and Mitsubishi Electric Europe B.V. The acquisition, completed on April 2, marks a significant step for Mitsubishi Electric as it aims to capitalize on AIRCALO’s extensive product range and exceptional customization…
Lithium Energy and NOVONIX announce merger and Axon Graphite IPO
SYDNEY, AUSTRALIA: Lithium Energy Limited (ASX:LEL) and NOVONIX Limited (ASX:NVX) have announced the merger of their adjoining Queensland Graphite Assets into a new entity, Axon Graphite Limited. The merger is set to revolutionize the Battery Anode Material (BAM) sector with the creation of a vertically-integrated company that will be listed on the ASX through an…
Mighty Craft sells Mismatch Brewing and 78 Degrees for $7.2 million
SYDNEY, AUSTRALIA: Mighty Craft Limited (ASX:MCL) has entered into an agreement to sell the assets associated with each of Mismatch Brewing Company Pty Ltd and The Hills Distillery (78 Degrees) to a third party buyer led by a consortium of experienced publicans in the Australian hospitality industry. As part of the transaction, the assets associated…
Ionic Rare Earths and Viridis Mining forge a joint venture in Brazil
SYDNEY , AUSTRALIA: Ionic Rare Earths Ltd has joined forces with Viridis Mining and Minerals Ltd (ASX: VMM) to establish a 50:50 Joint Venture, setting the stage for a significant leap in the rare earth separation industry within one of the world’s rapidly evolving rare earth regions. The newly formed Joint Venture Company (JV Co)…
Australian Rare Earths agrees to acquire Valrico Resources Pty Ltd
SYDNEY, AUSTRALIA: Australian Rare Earths Limited (ASX: AR3) has announced a pivotal agreement to acquire Valrico Resources Pty Ltd, the proprietor of the Overland Uranium Project. This acquisition marks a significant enhancement to AR3’s portfolio, introducing a project alongside its rare earth explorations. The Overland Uranium Project, which spans an impressive 1,981 square kilometers in…
Intermap Technologies reports growth, sets optimistic projections for 2024
DENVER: Intermap Technologies, a renowned innovator in 3D geospatial products and intelligence solutions, has released its financial outcomes for 2023 and provided an optimistic forecast for 2024. Despite a challenging year marked by pandemic-related delays in Southeast Asia and a U.S. federal budget impasse affecting government contracts, Intermap closed 2023 with a revenue of $6.2…
PrismaStake announces $6 million funding
Melbourne, Australia: PrismaStake, an emerging leader in the decentralized finance (DeFi) sector, has announced a significant funding boost of $6 million. This strategic investment propels the company into a new phase of growth, aimed at redefining the DeFi landscape with its innovative staking platform. Elevating the DeFi Experience With a mission to elevate DeFi staking,…
actnano closes $40 million from Anthelion Capital
actnano, Inc. has announced the successful closure of a $40 million funding round led by Anthelion Capital. The investment underscores actnano’s position as a global leader in surface protection technologies for a wide range of electronics. With a reputation for innovation, actnano’s solutions are widely adopted by top electronics OEMs and Tier-1 suppliers. The company’s…
FlexTrade and FP Markets unveil Mottai Trader, a platform for Australian Active Traders
FlexTrade Systems, a renowned leader in multi-asset execution and order management systems, has joined forces with FP Markets, a top Australian broker in Forex and CFD trading. Together, they have introduced Mottai Trader, an innovative trading platform designed to revolutionize the trading experience for Active Traders. Mottai Trader emerges as a response to the growing…
West Fraser Timber assumes full ownership of Cariboo Pulp and Paper
West Fraser Timber Co. Ltd. (NYSE: WFG) and Mercer International Inc. (NASDAQ: MERC) have mutually agreed to dissolve their joint venture in Cariboo Pulp and Paper. Following the dissolution, West Fraser will emerge as the sole owner and operator of the mill, now known as Cariboo Pulp and Paper Company. The Cariboo Pulp and Paper mill,…
Gambling.com expands European footprint with Freebets.com acquisition
Gambling.com Group Limited (Nasdaq: GAMB) has successfully completed the acquisition of Freebets.com and associated assets. This acquisition is expected to significantly enhance the company’s revenue, with projections indicating an increase of approximately $10.0 million and an incremental Adjusted EBITDA of around $5.0 million for the remainder of 2024. Charles Gillespie, the CEO and Co-Founder of…
XLMedia closes deal with Gambling.com for European and Canadian divisions
XLMedia (AIM: XLM) has announced the successful completion of its divestiture of European and Canadian sports betting and gaming assets to Gambling.com Group Limited (“GAMB”). The sale, finalized on April 1, 2024, saw XLMedia confirm the receipt of a $20.0 million initial cash installment on the following day. The agreement stipulates a total potential consideration…