LONDON: Ajax Resources, a UK-listed special purpose acquisition company focused on natural resources, announced it has agreed on Heads of Terms (HoT) to acquire Puna Metals S.A. from Bezant Resources plc. Puna holds mining rights for the Eureka Project in northern Argentina. The Eureka Project, located in the north-west corner of San Salvador de Jujuy…
Titomic expands U.S. operations with acquisition of Huntsville manufacturing facility
PERTH: Titomic Limited, a global leader in advanced additive manufacturing and cold spray technology, announced Wednesday the acquisition of a 59,000-square-foot facility in Huntsville, Alabama, marking a significant milestone in its North American expansion. The Australian-based company, traded on the ASX under the ticker TTT, purchased the facility for $7.2 million. The site will serve…
RAS Technology Holdings expands in Hong Kong with strategic acquisition
HONG KONG: RAS Technology Holdings Limited (ASX: RTH) has announced the establishment of a wholly owned subsidiary, Racing and Sports Asia (RASA), in Hong Kong, marking a significant step in its expansion across the Asian region. RASA has agreed to acquire six established racing publications and a data service for HKD$20.0 million (approximately AUD$4.02 million)….
Westgold Resources to divest Lakewood Milling Operation to Black Cat Syndicate
PERTH: Westgold Resources Limited (ASX: WGX) announced today that it has entered into an agreement to sell its non-core Lakewood Milling Operation to Black Cat Syndicate Limited (ASX: BC8) for a total consideration of $85 million. The transaction includes $70 million in cash and $15 million in BC8 scrip. Black Cat will also assume approximately…
Vinanz Limited fast-tracks expansion in Indiana, boosts bitcoin mining fleet
LONDON: Vinanz Limited, a Bitcoin mining company listed on the London Stock Exchange, has expedited its expansion plans in Indiana, USA. The company has increased its Bitcoin mining fleet from 20 to 120 operational miners, acquiring 100 Bitmain Antminer S19J Pro miners. This move comes 2-3 months ahead of schedule and results in an immediate…
Maintel Holdings appoints Dan Davies as Chief Executive Officer
LONDON: Maintel Holdings Plc, a leading provider of cloud, network and security managed communications services, announced the appointment of Dan Davies as Chief Executive Officer with immediate effect. Dan assumed the role of Interim CEO of the Company in February 2024, having previously been Chief Technology Officer and an Executive Director since 2020. He has…
Energy price cap to rise by 6.4% in April, Ofgem announces
LONDON: The energy price cap is set to increase by 6.4% from April, the UK’s energy regulator Ofgem announced on Tuesday. This adjustment will be in effect for the period covering April to June 2025. According to Ofgem, the main driver behind the rise is a recent spike in wholesale prices, which account for approximately…
Staffline sells PeoplePlus Group to Talent International for £12 million
LONDON: Staffline Group (AIM: STAF.L), the recruitment and training group, has disposed of its wholly owned subsidiary, PeoplePlus Group Limited to Talent International (UK) Limited, a wholly owned subsidiary of Swipejobs Holdings, for cash consideration of £12.0m, which includes £2.0m of deferred consideration. The consideration is on a cash free, debt free basis and subject…
Heitman LLC acquires majority stake in Swedish self-storage operator Servistore
STOCKHOLM: Heitman LLC, a global real estate investment management firm, announced today the acquisition of a majority stake in Servistore, the third largest self-storage operator in Sweden. The transaction was made on behalf of Heitman’s European value strategy, furthering the firm’s investment in the growing global demand for self-storage. Servistore operates 31 sites, with 25…
Celsius Resources announces $76.4M loan for Philippine Copper-Gold Project
Sydney: Celsius Resources Limited (CLA) has revealed that its Philippine affiliate, Makilala Mining Company, Inc. (MMCI), has entered into a binding term sheet with Maharlika Investment Corporation (MIC) for a bridge loan facility of up to USD 76.4 million. This loan aims to fund MMCI’s Maalinao-Caigutan-Biyog Copper-Gold Project (MCB). The Facility will fully finance the…
EnergyPathways advances MESH energy storage project to boost UK’s clean energy transition
LONDON: EnergyPathways (AIM: EPP), an energy transition company, has announced significant progress on its MESH energy storage project, aligning with the UK government’s ambitious “Clean Power by 2030” target. The UK government aims to secure the nation’s power supply through a roadmap focused on rapidly deploying new clean energy sources and developing a flexible system…
National Grid sells U.S. renewables business to Brookfield
LONDON: National Grid plc announced today that it has reached an agreement to sell its National Grid Renewables U.S. onshore renewables business to Brookfield Asset Management and its institutional partners, including Brookfield Renewable Partners. The terms of the transaction imply an enterprise value for National Grid Renewables of $1.735 billion, with the final cash consideration…