SYDNEY: MinRex Resources Limited (ASX:MRR) and Electrum Discovery Corp. (TSX-V:ELY) announced on Tuesday a definitive agreement to merge in an all-share transaction, creating a new, well-capitalized gold and copper exploration company focused on assets in Serbia and Australia. The merger, structured as a plan of arrangement under British Columbia law, will see MinRex acquire…
ADELAIDE: Orpheus Uranium Limited (ASX: ORP) has agreed to acquire the Oobagooma Uranium Project in Western Australia’s Canning Basin, the company announced Tuesday. The project was purchased from Jackson Cage Pty Ltd, a wholly owned subsidiary of Elevate Uranium Ltd (ASX: EL8). The Oobagooma Project covers 271 square kilometers and is located in the…
Group revenue rose 3% year-over-year to A$431 million, while reported EBITDA surged 15% to A$130 million PERTH: Mining technology firm IMDEX Ltd. reported resilient earnings and a record fourth-quarter revenue performance for the fiscal year ended June 30, 2025, underscoring its strategic pivot toward digital growth and high-margin technologies. Group revenue rose 3% year-over-year…
BHP declared a final dividend of 60 U.S. cents per share SYDNEY: BHP Group Ltd (BHP.AX) on Tuesday reported a 14% rise in attributable profit to $9.0 billion for the year ended June 30, 2025, buoyed by record copper and iron ore production, despite an 8% drop in revenue amid weaker commodity prices. The…
SYDNEY: Global investment firm KKR has signed definitive agreements to acquire Zenith Energy, an independent power producer specializing in hybrid power solutions, from a consortium of investors. Zenith’s founder and management will retain a minority stake in the company. The deal positions Zenith for long-term growth, supported by strong sector fundamentals and macroeconomic tailwinds.…