Deals

Local lithium play Vulcan Energy Resources has secured a cornerstone investment from Gina Rinehart's Hancock Prospecting, as part of a $120 million placement.

Curtin University spin-out Hyprfire has raised $2.25 million from local investors to commercialise Its cyber security technology.

Shares in Perth-based BlackEarth Minerals have more than doubled after it announced a likely offtake deal and joint venture with a major US company.

Perth-based investment group BPH Energy has raised $9 million from a share placement to increase its stake in explorer Advent Energy and fund a drilling program in NSW.

Mining giant BHP has signed an agreement with the operator of Western Australia’s largest solar farm to supply half of the electricity needs at its Kwinana nickel refinery.

WA tech company K2fly has agreed to purchase business assets associated with Wesfarmers’ Decipher for Mining software.

Welshpool-based MACA has completed its acquisition of Downer EDI’s mining services business, which includes contracted work on major operations in Western Australia.

Andrew Forrest’s Western Force has unveiled a new academy in partnership with Fortescue Metals Group, which aims to bolster local rugby talent.

Newly listed businesses on the ASX returned 34 per cent in 2020, while 74 companies joined the bourse.

Perth-based industrial services company Vertech Group has added to a string of acquisitions by purchasing a majority stake in APS, doubling annual turnover to more than $120 million.

NBL club Perth Wildcats has partnered with wearable hearing tech company Nuheara, which today announced a record $6.9 million in first-half sales.

For the second year running, Macquarie Capital and Canaccord Genuity have topped Business News’ league table for capital raisings.

Several Perth companies executed value-creating mergers and acquisitions last year, none more so than Pilbara Minerals.

A post-pandemic bounce back in initial public offerings could indicate confidence among WA investors.

Andrew Forrest’s Tattarang has struck its third Canadian deal, this time to develop a nickel project in Quebec under a $25.4 million agreement with Orford Mining Corporation.

Local businessman Norman Asch and accounting firm partner Todd Grover have become the majority shareholders in Western Australian sign-making company Kingman Visual.

Perth-based exploration company Eclipse Metals has acquired the Ivittuut mine in southwestern Greenland, the world’s only commercial cryolite mine, through a cash and scrip deal.

Rio Tinto has prolonged the operation of New Zealand's only aluminium smelter after signing a power contract the miner says will help its viability.

WA electric vehicle business Vmoto has secured its most significant order to date, with European company Greenmo Group.

All directors of Perth-based Cardinal Resources have accepted a takeover proposal from China’s Shandong Gold, which recently raised its offer price to $1.075 per share.

Perth-registered Piedmont Lithium will spend $US12 million for a stake in both Queensland’s Sayona Mining and its Quebec subsidiary.

Plico Energy has locked in $2.4 million from investors while also agreeing to a $1.6 million debt facility with a major lender, with the funds to go towards its WA marketing initiatives.

Sheffield Resources has agreed to form a joint venture for its Thunderbird mineral sands project in WA, while disclosing its existing financing arrangements have been terminated.

Trek Metals has expanded its exploration efforts in the Pilbara after signing separate agreements to acquire gold and iron ore tenements, close to the company’s Pincunah project.

Shandong Gold has assumed control of Perth-based Cardinal Resources, following a nine-month bidding war with Russia's Nordgold and despite two late takeover proposals.

Subiaco-based medtech startup Singular Health is seeking up to $6 million ahead of a planned ASX listing next month.

Wearable hearing tech company Nuheara has signed a three-year supply agreement with American multinational HP, while also announcing an $11.5 million capital raising.

The GO2 People is set to acquire Perth-based recruitment company Hunter Executive Search Consultants under an all-scrip deal worth $900,000.

Pilbara Minerals has launched a $240 million equity raising to fund its acquisition of Altura Mining’s Pilgangoora lithium project.

Nickel miner IGO has completed an equity raising associated with its 49 per cent acquisition of Tianqi Lithium, giving it a stake in the Greenbushes lithium mine and Kwinana refinery.

Emerging gold producer Calidus Resources has launched a $32 million share placement to fund the development of its Warrawoona project in WA.

Syrah Resources is raising funds from a $56 million placement and convertible notes deal with major shareholder AustralianSuper to progress its US and Mozambique graphite operations.