Deals

Metals X is planning to sell its entire copper assets portfolio, including its Nifty operation in Western Australia, following issues with a major shareholder.

Salt Lake Potash has secured further project funding with a $10 million strategic investment from Perth-based Equatorial Resources, as part of a broader $15 million raising.

The $900 million entity to be created by the merger of Rivervale-based Access Housing Australia and an interstate counterpart will bring innovative funding for social housing to WA, it is hoped.

Perth dealmakers Tim Day and Rob Hamilton are looking to support the next generation of growth businesses after merging their firms.

IGO has backed a $60 million capital raising by nickel producer Mincor Resources, which is planning to restart its Western Australian operations later in the year.

The administrators of Gascoyne Resources have recommended creditors support the planned deed of company arrangement for the gold miner rather than an 11th hour alternative from China’s Hanking Gold Mining.

Genesis Minerals has bolstered its Ulysses gold project with the acquisition of the nearby Kookynie project for $13.5 million, enhancing its prospects of joining the ranks of mid-tier gold producers.

Kalamazoo Resources was trading up to 55 per cent higher on the ASX today after announcing the completed purchase of Northern Star Resources’ Ashburton gold project in the Pilbara.

OZ Minerals is set to gain full control of the West Musgrave nickel-copper asset in Western Australia after announcing a friendly takeover of project partner Cassini Resources.

EHR Resources has launched a $12 million capital raising to fund diamond exploration overseas, while Rumble Resources is raising $6 million to fund its next gold drilling program in Western Australia.

Strandline Resources has secured a major portion of capital costs for its Coburn mineral sands project, with the Northern Australia Infrastructure Facility (NAIF) to provide up to $150 million in funding.

Listed stockbroking and funds management firm Euroz has offered to buy competitor Hartleys in a scrip deal that would give Hartleys’ current shareholders a 17 per cent stake in the combined group.

BHP Nickel West has invested in a new growth opportunity by acquiring the Honeymoon Well development project from Russia’s Norilsk Nickel, which is exiting Australia.

Property fund manager Primewest has purchased a national agricultural asset management company for $10 million, two days after establishing a $300 million fund targeting neighbourhood shopping centres.

Cardinal Resources has received an all-cash takeover bid from Chinese producer Shandong Gold, which has offered to buy the West Perth-based company for 60 cents per share.

Franchisor Joyce Corporation has sold its remaining stake in Lloyds Online Auctions for $3.8 million to an entity controlled by Lloyds director Steven Sarkis.

Australia's competition regulator says it will not oppose a planned merger between mortgage aggregators Australian Finance Group and Connective, despite holding previous concerns around competition.

Building a supercomputing facility in Australia to rival the world’s biggest is among DUG Technology founder Matt Lamont's ambitious goals, to which end the company has announced a $26 million initial public offering.

Santos has entered into a new gas supply agreement with Johannesburg-listed Gold Fields for three of its gold mines in Western Australia.

Shares in Rox Resources have risen by more than 50 per cent today after the gold explorer released latest assays for its Youanmi joint venture project in Western Australia.

Gold explorer Vango Mining has launched a $15 million share placement to fund upcoming drill programs at its flagship Marymia project in Western Australia.

Explorers Kin Mining, Mindax and Bryah Resources have each launched capital raisings today, with the majority of the proceeds to advance drill programs in Western Australia, while Chile-focused Tesoro Resources is seeking funds to advance its El Zorro gold project.

Perth-based Hazer Group is raising $8.4 million from a share placement to fund the development of its proposed hydrogen plant, which will be built at Water Corp's Woodman Point facility, while Harvest Technology Group is raising funds for software development.

Piedmont Lithium has launched a $29 million capital raising to advance its namesake project in the US, while Arafura Resources and Vimy Resources are raising funds to develop rare earth and uranium projects in Western Australia and the Northern Territory.

Metals X has signed a $32 million farm-in and joint venture agreement with IGO, which will explore the company’s copper operations in the Paterson province, while also announcing the potential restart of its Nifty operations.

Online retailer Kogan.com has recorded surging sales and is raising up to $115 million through a share sale to institutional and retail investors, while electronics and furniture retailer Harvey Norman also reported its sales were up this morning.

EHR Resources has signed a strategic alliance with a privately owned company focused on diamond exploration in Botswana, marking its third diamond deal in three months.

Black Rock Mining has entered into a strategic alliance agreement with South Korean industrial company Posco to develop its flagship graphite project in Tanzania.

ASX-listed Waterco is purchasing Kreepy Krauly distributor Autopool for $3.08 million, as the company seeks to expand its range of pool equipment products.

Legend Mining has launched a $20 million share placement to progress its nickel-copper project in the Fraser Range, while fellow Western Australian explorers Auroch Minerals and Xantippe Resources have also announced capital raisings.

Subiaco-based Peninsula Energy is raising $40.3 million under a heavily discounted rights issue to help repay its existing term debt and advance its flagship uranium project in the US.

Subiaco-based Perseus Mining is set to gain control of a potential new gold project near its Sissingue mine after announcing a friendly takeover bid for Exore Resources in a scrip deal worth around $60 million.