Deals

Fortescue Metals Group has sold its blocking stake in Atlas Iron, after Gina Rinehart's Hancock Prospecting increased its takeover offer for a second time last week.

Carnegie Clean Energy's long-serving managing director Michael Ottaviano has resigned, with the company also announcing major updates on three projects and plans to renegotiate its asset sale deal with Tag Pacific.

Struggling gold producer Eastern Goldfields has announced a $75 million recapitalisation deal and board overhaul led by private mining services company Adaman Resources.

Tech Mpire has announced a $2.4 million capital raising to market its TrafficGuard advertising fraud prevention technology.

Lithium producer Tawana Resources has secured a $40 million funding package with a consortium led by Tribeca Investment Partners, with its planned merger with joint venture partner Alliance Mineral Assets expected to be completed in November.

Improving market conditions have led to positive news for a number of local vanadium outfits.

Black Rock Mining has signed a strategic agreement with a Chinese machinery company to supply plant equipment and source up to $US40 million ($55 million) for the graphite explorer's Mahenge project in Tanzania.

Gold producer Blackham Resources has announced a $23 million funding deal with New York-based fund manager The Lind Partners to repay lender Orion and finalise an expansion study for the Wiluna project.

A private Chinese company is planning to invest $100 million in two major iron ore projects that have been dormant for the best part of a decade - the Oakajee port in WA's Mid West and Sundance Resources' Mbalam Nabeba mine in Cameroon.

Vango Mining, which is focused on the exploration and development of the Plutonic Dome Gold Project located in the Midwest Region of Western Australia is pleased to announce an off-market takeover

West Perth-based Rolek Resources has launched a $5 million initial public offering, with the company planning a backdoor listing via Shaw River Manganese.

A half-owned subsidiary of Perth-based Protean Energy has received a $3 million investment from the South Korean government for a $9.7 million vanadium battery project.

Joseph El-Raghy-led AIC Resources has agreed to a reverse takeover deal with NSW-based Intrepid Mines.

Medical tech company ResApp Health has announced a $7.5 million capital raising as it moves to commercialise its smartphone app, which aims to diagnose and manage respiratory diseases.

Advanced Braking Technology is pleased to announce the completion of its non-renounceable Retail Entitlement Offer.

Aspiring miner Poseidon Nickel has completed a $69 million entitlement offer without having to call on support from its sub-underwriter, Andrew Forrest's Squadron Resources.

Western Australian startups and ‘young' tech companies raised $295 million last financial year, which was 8.3 per cent of the amount raised nationally, a new report has found.

The corporate regulator has objected to an underwriting deal under which Andrew Forrest's Squadron Resources could end up with as much as 61 per cent of Poseidon Nickel.

The beekeeper-owners of Capilano Honey have thrown their support behind a private equity takeover bid for the Australian company.

Subiaco-based marketing business OpenDNA has completed a $2.5 million placement and announced it will acquire Perth-based Choose Digital and Chinese-focused RooLife.

Startup businesses in Perth have access to a new source of funding after the Royal Automobile Club of WA launched a $3 million investment fund last night, while also disclosing it is a substantial shareholder in fast growing blockchain business Power Ledger.

Shares in biomedical technology business Phylogica were up 13 per cent today after the company announced it had completed a $9.1 million recapitalisation.

Shares in nickel and cobalt hopeful Aldoro Resources will begin trading on the ASX tomorrow, after a $5 million initial public offering.

The competition watchdog has approved a Hong Kong consortium's $13 billion takeover bid for APA Group, Australia's biggest gas pipeline company, on the proviso that four major assets in Western Australia are sold to new owners.

Aspire Mining is pleased to announce that pre-commitments for the minimum $1.7 million dollar raising condition of the $15m Strategic Funding package have been received.

Mineral Resources has continued to diversify its interests, taking a $2 million stake in West Perth-based Barra Resources, which is developing the Mt Thirsty cobalt project near Norseman.

Resource Development Group has announced plans to acquire a 30 per cent stake in a gold project from Bullseye Mining, which is currently the subject of a takeover offer and board spill.

Subiaco-based copper hopeful Todd River Resources plans to raise $4.2 million for drilling work at its Mt Hendy discovery in the Northern Territory.

Ramelius Resources has launched a $59.2 million hostile takeover bid for exploration company Explaurum, which is aiming to develop its Tampia Hill gold project in the Wheatbelt.

Junior explorer Peel Mining has raised $12.3 million, with gold miner St Barbara subscribing for $1.8 million as part of the placement.

Aerial imagery company Nearmap has boosted its coffers with a $70 million capital raising, with the proceeds set to be spent on sales and marketing.

Robotic technology company FBR has signed a partnership agreement with Wienerberger AG, the third major international building materials group to have struck a deal with the Perth startup to commercialise its Hadrian X autonomous bricklaying robot.