LONDON: East Star Resources Plc (LSE: EST), is exploring strategic options for its Verkhuba copper deposit in Kazakhstan. The company has opened a data room to facilitate a potential joint venture, farm-out, or outright sale of the deposit, following interest from various entities. Key Points: In parallel with the transaction process, East Star Resources is…
Elcogen AS has announced strategic investment by Baker Hughes
LONDON, UK: HydrogenOne Capital Growth’s portfolio company Elcogen AS has announced a strategic investment by Baker Hughes, part of an overall funding package totalling €140 million. This funding will be used to continue to scale up Elcogen’s leading solid oxide cell technology (SOEC) for green hydrogen. The investment by Baker Hughes, which follows strategic investment…
AB Dynamics has acquired Venshure Test Services for $30 million
LONDON, UK: AB Dynamics (AIM: ABDP) announced the acquisition of Venshure Test Services LLC (VTS). Venshure Test Services is a leading provider of dynamometer-based testing services to the automotive sector in the USA, particularly focussed on the development and deployment of electric vehicles (EV) for US based automotive OEMs. Headquartered in Chelsea, Michigan, VTS offers…
Genmab A/S acquires ProfoundBio in a landmark $1.8 billion deal
Genmab A/S (Nasdaq: GMAB) has announced the acquisition of ProfoundBio, Inc., a clinical-stage company specializing in advanced antibody-drug conjugates (ADCs) for cancer treatment. The all-cash transaction, valued at $1.8 billion, is set to enhance Genmab’s clinical pipeline and expand its proprietary technology platforms. ProfoundBio, known for its innovative ADC technologies targeting ovarian cancer and other…
MEDIROM Healthcare Technologies to acquire Japan Gene Medicine Corporation for 2.4 billion yen
NEW YORK: MEDIROM Healthcare Technologies Inc., a leader in the health management services industry, has announced its decision to acquire Japan Gene Medicine Corporation, aiming to make it a subsidiary. The announcement came following a Board of Directors meeting on March 29, 2024, where a Memorandum of Understanding (MOU) was agreed upon to initiate the…
SLB to acquire ChampionX Corporation in an all-stock transaction
HOUSTON: SLB (NYSE: SLB) and ChampionX Corporation (NASDAQ: CHX) announced today a definitive agreement for SLB to acquire ChampionX in an all-stock transaction. The agreement was unanimously approved by the ChampionX board of directors. According to the terms of the agreement, ChampionX shareholders will receive 0.735 ordinary shares of SLB in exchange for each share…
Mitsubishi Electric acquires French air-conditioning company, AIRCALO
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…