Deals

Warrego Energy shares are continuing skyward as investors wait to see whether Stokes-backed Beach Energy will match rival bidder Gina Rinehart’s $350 million cash offer for the Perth Basin developer.

A lithium explorer led by Atlas Iron founder David Flanagan is on track to raise $60 million to fund exploration and development campaigns at two WA projects.

The sale of two remaining strata units at the former Midland Railway Workshop to Midland Health & Knowledge Precinct pave the way for a redevelopment.

The 1.08-hectare Osborne Park property changed hands for the first time in 27 years, selling to a Bunning family connected entity and construction industry veteran for $6.65m.

Perth-based property funds manger Quadrant Investments bought two adjoining properties in Landsdale totalling 1.84ha, 10th purchase since the company launched in 2018.

Perth tech business Adveritas has confirmed a $51.7 million takeover approach by NASDAQ-listed Integral Ad Science, sending shares in the target up 26 per cent.

The Furnace Road building was on the market for less than a week, selling for $2.37 million.

Buildkite has become the third tech company with strong Perth connections to announce a major capital raising this week following ULUU and Advanced Navigation.

Copper producer Sandfire Resources is undertaking a $200 million capital raise to improve its financial flexibility, including repaying an outstanding debt of $50 million.

BHP is poised to substantially increase its exposure to copper and nickel after the board of takeover target OZ Minerals backed an increased offer.

Properties & Pathways has sold off its industrial and logistics portfolio, comprising 120,000sqm of property across three states.

A Perth-linked tech company that has worked with Boeing and Google, and counts Malcolm Turnbull as a backer, has secured $108 million from investors including KKR.

Perth-based tech startup ULUU has raised $8.6 million to develop and distribute its plastic alternative made from seaweed.

Strike Energy boss Stuart Nicholls has implored joint venture partner Warrego Energy to reconsider a $246 million cash takeover from Beach Energy, flagging a potential change in development plans.

WA lithium miner Pilbara Minerals has become the latest beneficiary of the federal government’s $3.9 billion NAIF funding shower, scoring $250 million across two loans to grow its operations.

Australian grain export giant CBH Group has purchased a 105 hectare site at Avon Industrial Park to support the company's goal to double total monthly export capacity.

Italian contractor Webuild has struck a deal to buy engineering company Clough with a cash payment of just $500,000 and cancellation of a big inter-company loan.

Arafura Rare Earths has negotiated a seven-year offtake deal with Hyundai and Kia Corporation to supply rare earth oxide from its Northern Territory project by as early as 2025.

Perth-based mining consultant Process IQ has been sold to global mining and product services business Molycop.

Investor relations and communications firm Citadel-MAGNUS has closed a bumper $50 million sale to US company Morrow Sodali, with two Perth executives among the big winners.

Chalice Mining has backed neighbouring explorer and ASX hopeful Northam Resources for $1 million as part of company’s $6 million initial public offer.

Australian Strategic Materials is on track to raise $30 million from investors to via a share placement to advance its Dubbo rare earths project in NSW.

Shares in West Perth nickel junior Cannon Resources have shot up after an all-cash $45 million takeover offer from a Toronto-based private equity firm.

A Perth-based vanadium aspirant chaired by former National Party of Western Australia leader Brendon Grylls is looking for $35 million to list on the ASX.

ASX-listed Kelsian Group has bought another Western Australian business, bolstering its presence in the state’s transport sector and BDO’s growing pipeline of buy-side deals.

A national storage company bought the 2,390sqm warehouse from Singaporean property fund Peakstone.

Robotic technology company FBR has announced a $20 million capital raising that marks the first major ECM deal for investment bank Jarden in Western Australia.

Perth-based acQuire Technology Solutions has expanded its suite of information management tools for the resources sector with the acquisiton of South African company MTS.

Global Lithium is lining up $121 million from institutional investors to buy the remaining stake in its second exploration project, with Mineral Resources pitching in to maintain its interest.

ASX-listed explorer Ardiden has sold off its interest in a lithium joint venture to partner and investee company Green Technology Metals in a deal worth up to $18.5 million.

Dutch company Kiwa Group has added to its global network by purchasing Wembley-based CMW Geosciences, which has nearly 200 staff across Australia and New Zealand.

Perth-based Marketech has struck a deal to buy Opentrader’s retail client book, as it seeks to angle into the space it says will be left vacant by stock market trading platform Iress.