Deals

Global insurance brokers Marsh and BMS Group have each expanded their WA presence, adding to a string of M&A deals by big players snapping up local operators.

Three businesses formed in Perth have been given a new lease of life after being acquired by global players.

Junior miner Venus Metals has entered into a joint venture and farm-in deal with IGO Limited for exploration and potential development at its Henderson nickel and lithium project.

ASX-listed lithium developer Liontown Resources has played down media speculation of a takeover proposal superior to Albemarle’s failed bid for the company in March.

Alliance Nickel has struck a $15 million offtake agreement with automotive manufacturer Stellantis to supply battery grade materials for electric vehicles.

The West Perth-based property fund has bought a hotel and liquor store for $15 million as part of its first total return fund.

Carnaby Resources is set to raise $20 million to fund exploration activities at its gold and copper project in Queensland.

Wyloo Metals has gained control of Mincor Resources after the Andrew Forrest-led company secured majority voting power.

Mining services contractor Macmahon Holdings will invest more than $10 million in Calidus Resources' plan to raise $38.5 million to expand its gold project in the Pilbara.

Food innovator Whole. has raised $1.5 million to fund the development of its technology, which reduces waste and enhances efficiency in the production process.

Galena Mining has raised $20 million from investors after wet weather conditions and technical issues caused delays in the ramp-up period for its Abra base metals mine.

Latin Resources is on track to raise $37.1 million from institutional investors for its Salinas lithium project in Brazil.

The property fund is planning a $13 million luxury townhouse development across the three adjoining lots.

A new Perth venture capital fund is seeking $20 million for a wide range of electrification developments.

BHP has cleared the last hurdle to acquire OZ Minerals after securing final approvals for the $9.6 billion takeover.

Cloud Gaming platform provider Pentanet is set to raise more than $6 million to fund telecommunications infrastructure upgrades to grow its services.

Genesis Minerals shares have risen sharply on the back of a revised deal to acquire St Barbara’s Leonora assets without taking on the miner’s Canadian and Papua New Guinea operations.

Genesis Minerals is understood to have locked in a new deal to buy St Barbara’s Leonora assets for $600 million while removing risks tied to its earlier merger plan.

Mineral Resources has taken up a substantial stake in ASX-listed Essential Metals, a lithium explorer currently in the crosshairs of Tianqi Lithium and IGO.

The Brisbane property fund, run by former Queensland Premier Campbell Newman has bought a Stirling Street office for $12 million.

Shares in St Barbara and Genesis Minerals will remain in a trading halt until after the weekend as the companies negotiate new terms for their planned deal.

Newmont's all-scrip bid for Newcrest now values the Melbourne-based goldminer at $32 billion, not including its debt.

Canadian engineering giant WSP Global will more than double the size of its WA operation to 1,300 people after agreeing to buy most of Calibre Group’s business.

Botanix Pharmaceuticals has secured commitments from investors to raise $10 million through a placement to develop its leading product.

Mincor Resources has told investors to accept a $760 million cash offer on the table from Andrew Forrest’s Wyloo Metals in the absence of a superior proposal.

Perth-based explorer Meteoric Resources has appointed a new chairman and received commitments to raise $25 million to advance its rare earth elements project in Brazil.

Genesis Minerals has been forced to resume negotiations with St Barbara as the asset at the heart of their planned merger battles a litany of costs and production problems.

Andrew Forrest’s Wyloo Metals has capped its offer on the table for Mincor Resources claiming it was unaware of product discrepancies between the target and major customer BHP.

Perth developer Hesperia is making progress with its East Perth plans after acquiring a site previously earmarked by Pindan for a $100 million apartment project.

Ravensthorpe miner First Quantum Minerals has inked a deal under which it will invest up to $651 million for a majority stake in a copper project in Peru with Rio Tinto.

South Africa’s Murray & Roberts is poised to regain control of Perth-based RUC Cementation Mining Contractors while selling its majority stake in another local firm, Insig Technologies.

Four Western Australian startups have between them received 13 per cent of the federal government’s latest $19.7 million round of commercialisation grants.