SYDNEY: Big River Industries Ltd (ASX:BRI) said on Monday it will acquire Western Australian distributor John’s Building Supplies for up to A$17 million, expanding its trade-focused building materials footprint in the state. The deal includes A$15 million upfront, comprising A$13 million in cash and A$2 million in Big River shares, with an additional A$2 million…
Tag: Western Australia
Rio Tinto, Calix sign deal to advance zero-emissions steel plant in Western Australia
PERTH — Rio Tinto has signed a Joint Development Agreement with Australian environmental technology company Calix to advance construction of a demonstration plant for Calix’s Zero Emissions Steel Technology (Zesty™) in Western Australia, aiming to enable Pilbara iron ores to be used in lower-emissions steelmaking. The proposed plant, to be built in Kwinana south of…
Seafarms acquires Project Sea Dragon to revive prawn farming expansion
SYDNEY: Seafarms Group Ltd (ASX: SFG) said on Monday it has signed a conditional asset sale agreement to acquire the assets of Project Sea Dragon Pty Ltd (in liquidation), marking a strategic step toward expanding its prawn farming operations in northern Australia. The A$750,000 deal, executed through wholly owned subsidiary Sea Dragon Shrimp Pty Ltd,…
GEO Exploration acquires high-grade gold licence in Western Australia
PERTH: GEO Exploration Ltd. (AIM: GEO) has acquired a 100% interest in the Gorge Project (E08/3737), a highly prospective gold exploration licence in Western Australia, through its wholly owned subsidiary Gorge Gold Pty Ltd. The 81-square-kilometer licence, located 110 kilometers west of Paraburdoo in the Capricorn Orogen, hosts Proterozoic metasediments with historical gold mineralisation identified…
Eastern Metals to acquire Raptor Resources
SYDNEY: Eastern Metals Limited (ASX: EMS) announced Tuesday it has entered an agreement to acquire 100% of Raptor Resources Limited, an unlisted Australian exploration company with a portfolio of copper and gold assets in Canada and Western Australia. The transformational deal, outlined in a Bid Implementation Agreement, will see Eastern Metals issue securities to Raptor shareholders….
E79 Gold Mines to acquire Cue Gold Project in Western Australia
PERTH: E79 Gold Mines Ltd. (ASX: E79) announced Thursday it has entered a binding agreement to acquire the Cue Gold Project, located in the highly prospective Day Dawn Goldfield of Western Australia’s Murchison region. The company also said it secured binding commitments for a $3 million (Australian) capital raising to accelerate exploration at the new…
Global Lithium sells stake in Kairos Minerals, boosts cash reserves
PERTH: Global Lithium Resources Ltd. (ASX: GL1) announced Monday it has sold its entire stake in Kairos Minerals Ltd. (ASX: KAI), generating $7.1 million before costs and strengthening its cash position to $21.8 million. The divestment, executed through GLR Australia Investments Pty Ltd, included the sale of 264 million shares and marks the end of…
Gateway Mining secures strategic gold tenure in WA; Eyes regional consolidation
PERTH: Gateway Mining Ltd. (ASX: GML) has acquired an 80% stake in the Glenburgh South Gold Project, a 620-square-kilometer tenement in Western Australia’s Gascoyne region, adjacent to Benz Mining Corp’s high-grade Glenburgh Project. The acquisition positions Gateway alongside one of the most active gold exploration corridors in the state, with early signs of mineralisation mirroring…
Aurumin sells non-core assets for $6m to accelerate sandstone gold project
PERTH: Aurumin Ltd. (ASX:AUN) has executed binding agreements to divest all non-core assets in a series of transactions totaling A$6 million, enabling the company to fast-track development of its flagship Sandstone Gold Project in Western Australia. The divestment package includes the sale of Sandstone non-gold/silver rights, the Johnson Range and Mt Dimer projects, and Aurumin’s…
Cloudbreak Discovery finalizes sale of U.S. assets to G2 Energy Corp
LONDON: Cloudbreak Discovery Plc (LSE: CDL) has finalized the sale of its U.S. assets to G2 Energy Corp., executing definitive contracts for the Masten Unit Energy Project in Texas, the company announced Friday. Under the terms of the agreement, Cloudbreak will receive £50,000 upon signing and an additional £50,000 over the next five months. The…
Medallion Metals secures binding deal to acquire Forrestania nickel operation
PERTH: Medallion Metals Ltd. (ASX:MM8) has executed a binding Asset Sale Agreement with IGO Ltd. to acquire the Forrestania Nickel Operation (FNO), marking a major milestone in its strategy to become a gold and copper producer in Western Australia. Under the agreement, Medallion will obtain full legal and beneficial ownership of the FNO tenements, including…
Capricorn Metals announces Warreiedar acquisition in strategic gold consolidation
PERTH: Capricorn Metals Ltd. said Thursday it will acquire Warriedar Resources Ltd. in an all-scrip deal, consolidating two major gold projects in Western Australia. The transaction, unanimously endorsed by Warriedar’s board, is valued at approximately A$188 million and is expected to expand Capricorn’s gold reserves and operational footprint. Under the scheme of arrangement, Warriedar shareholders…