News Articles for Terra Metals

WA-based Paringa Resources has announced plans to recapitalise the company through a $5.6 million raising, as the former coal company seeks business on the ASX as a gold explorer.

Our board moves wrap includes Richard Pearce, Siobhan Lancaster, Seamus Cornelius, Niels Wage, Simon Pooley, Steven Zaninovich, Denise McComish, Edward Greissing, Luisa Ingargiola, Nathan Bartrop, Andrea Betti, Ranko Matic, David Gay, Jonathan Hjelte, Rick McCormick, Tom Todd, Greg Swan, Melanie Ross, and Kelly Moore.

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Paringa Resources is seeking to raise $8.1 million, while Mali Lithium is on the hunt for $5.3 million, both via rights issues.

John McConnell, managing director of Automotive Holdings Group, will be leaving the company at the end of the month.

Admedus has appointed LiShan Zhang and YanHeng Wu as non-executive directors, representing its major investor Star Bright Holding.

Grant Quasha has resigned as managing director and chief executive of Paringa Resources.

Shares in the Ian Middlemas-led Paringa Resources fell sharply today after the company completed a $30.2 million capital raising at a heavily discounted price of 22 cents per share, with the proceeds to fund construction of its Poplar Grove coal mine located in the US.

Paringa Resources has appointed US-based banking and coal executive, Grant Quasha, as managing director and chief executive. He replaces Todd Hannigan, who will become deputy chair.

After locking in a $US20 million ($A26 million) debt facility agreement last week, aspiring coal miner Paringa Resources has tapped investors for $53 million to fund development of its Poplar Grove mine in Kentucky.

Ian Middlemas-chaired coal explorer Paringa Resources has secured a $US20 million ($A26 million) facility to fund ongoing development of its Poplar Grove project in the US.

Prominent businessman Ian Middlemas will now chair 11 companies concurrently after replacing Craig Burton as chairman of niobium hopeful Cradle Resources.

Perth company directors Ian Middlemas and Domenic Martino have joined a flurry of pre-Christmas M&A deals that are valued at nearly $300 million, and designed to revive moribund resources companies.

FEATURE: Tech-related stocks make up half of this year's top 10 TSR performers, but resources stocks feature prominently over the longer term.

Todd Hannigan has joined US coal explorer Paringa Resources as a non-executive director, with Thomas Todd as his alternate, following the completion of a placement to their investment vehicle T2 Re

Subiaco-based Paringa Resources has tasked a new leadership team with guiding the company, with founding directors David Griffiths and David Chapman stepping down from their respective roles as chairman and managing director.

Prominent company director Ian Middlemas has joined Paringa Resources as a non-executive director, and Anastasio Arima as executive director.

Base metals exploration company Classic Minerals has become the 25th Western Australian company to list on the ASX this financial year.

There has been a small burst of activity in the flagging new floats sector, with three Western Australian firms completing initial public offers this week, raising more than $25 million collectivel

Perth-based Paringa Resources has raised $10 million through an initial public offering, which closed fully subscribed.