SYDNEY: Pantera Lithium Ltd. (ASX: PFE) has entered a binding agreement to sell its Smackover lithium brine project in Arkansas to U.S.-based Energy Exploration Technologies Inc. (EnergyX) in a deal valued at A$40 million. The transaction includes A$6 million in cash and A$34 million in EnergyX common stock, giving Pantera shareholders exposure to the recovering…
Tag: ASX
Almonty Industries announces share consolidation ahead of potential Nasdaq listing
TORONTO: Almonty Industries Inc., a global tungsten producer, has filed articles of amendment to consolidate its common shares, with the change set to take effect next week. The move is intended to facilitate a potential Nasdaq listing, a statement said. The company, traded on the Toronto Stock Exchange under AII, the Australian Securities Exchange, and…
Santa Fe Minerals to acquire Côte d’Ivoire gold project, raise $1.2 million
PERTH: Santa Fe Minerals Ltd. said Thursday it has entered into binding agreements to acquire the Eburnea Gold Project in Côte d’Ivoire from Turaco Gold Ltd., marking a strategic move into West Africa’s gold-rich terrain. The acquisition comprises two tenements: the granted Satama Permit (PR544), where Santa Fe will hold 100%, and the Bouake North…
Downer sells stake in Keolis Downer JV for $132 million amid portfolio overhaul
SYDNEY: Downer EDI Limited said Tuesday it has agreed to sell its 49% stake in the Keolis Downer joint venture to French transport operator Keolis Group, in a move that sharpens Downer’s strategic focus and simplifies its portfolio. The transaction values the joint venture at $132 million on an enterprise basis. Downer is set to…
Next Science signs deal to sell majority of assets for $50 million
SYDNEY: Next Science Limited (ASX:NXS), an Australian medical technology company, announced Tuesday it has entered into a binding agreement to sell the majority of its assets to Italy-based Demetra Holdings S.p.A. for $50 million. The deal includes the sale of regulatory approvals, intellectual property, inventory, and other assets but excludes Next Science’s diabetic foot infection…
Brightstar, Aurumin pursue merger to consolidate sandstone gold projects
PERTH: Brightstar Resources Ltd. (ASX: BTR) and Aurumin Ltd. (ASX: AUN) said Monday they are in advanced talks over a proposed merger aimed at consolidating their tenement holdings in Western Australia’s Central Sandstone region. The potential all-scrip transaction would see Brightstar acquire Aurumin through a scheme of arrangement, with Aurumin shareholders offered one Brightstar share…
Civmec to acquire Luerssen Australia in $20 million deal, bolstering sovereign shipbuilding capability
PERTH: Civmec Limited has signed a binding agreement to acquire full ownership of Luerssen Australia Pty Ltd from NVL Australia GmbH for AUD 20 million in cash, in a strategic move to consolidate its position as a leading sovereign Australian shipbuilder. The acquisition, scheduled to close by July 1, 2025, will transfer all assets, employees…
Jayride launches SaaS platform for ground transportation industry
SYDNEY: Jayride Group Limited (ASX: JAY), a global ground transportation technology company, announced the launch of a new B2B Software-as-a-Service (SaaS) platform designed to streamline operations for transport providers. The platform aims to address key industry challenges, including delayed payments, manual processes and fragmented systems. The SaaS offering, branded as “Powered by Jayride,” integrates payment…
TALi Digital acquires You Can Do It! Education
MELBOURNE: TALi Digital Ltd (ASX: TD1), a digital health company, has announced the acquisition of You Can Do It! Education (YCDI!), a social-emotional learning program, for $1.34 million. The deal, funded by TALi’s existing cash reserves, includes an upfront payment of $1.14 million and $200,000 in installments over 24 months. YCDI!, an Australian-based program, focuses…
Thor Energy subsidiary granted gas storage exploration licenses in South Australia
ADELAIDE: Thor Energy plc announced Monday that its subsidiary, Go Exploration Pty Ltd, has accepted an offer from the South Australian Department for Energy and Mining for three Gas Storage Exploration Licenses (GSELs 804, 805 and 806). The licenses, strategically located near Adelaide, provide exclusive rights to explore underground gas storage potential across more than…
Northern Star to acquire De Grey Mining for $5 billion
SYDNEY: Northern Star Resources Ltd and De Grey Mining Ltd have agreed to merge in a deal valued at approximately $5 billion. Under this arrangement, Northern Star will acquire all shares of De Grey, including its flagship Hemi gold project in Western Australia. Hemi is one of the largest undeveloped gold projects globally, with significant…
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…