Iron ore producer GWR Group is looking to initiate a move into the battery metals market by acquiring a large stake in Jindalee Resources' Prospect Ridge magnesite project in Tasmania.
Aspiring gold producer Calidus Resources will begin early construction works at its flagship Pilbara project using the proceeds raised from a $25 million share placement.
The corporate regulator has strongly criticised company directors and lead managers involved in mining IPOs, saying they often have conflicts of interest, favour select clients and are focused on chasing short-term gains.
Mark Connelly-led Tao Commodities is set to commence trading on the ASX on Monday, after the junior explorer raised $4.7 million via an initial public offering.
Shares in Platypus Minerals were down more than 31 per cent today as the company announced a $10 million deal to buy Belmont-based lithium explorer Lepidico.
