Deals

Junior miner Trek Metals has reached a deal with Rio Tinto for exploration activities at its nickel and copper project in the Pilbara.

Takeover target Newcrest Mining has pushed back the exclusivity period for global mining giant Newmont Corporation’s $32 billion offer until next week.

Silver Lake Resources has lobbed a revised proposal to merge with St Barbara saying it ‘stands ready’ to progress due diligence and move to a binding offer.

Lithium chemicals companies Allkem and Livent have locked in an all-stock merger to create a new global player worth $A15.7 billion.

Low-level radioactive waste stored at Tellus Holdings’ Sandy Ridge facility in the Goldfields will be processed to develop medical treatments under a new deal.

Takeover target Mincor Resources could be delisted from the ASX if Wyloo Metals does not achieve the 90 per cent stake needed for a compulsory acquisition.

Silver Lake Resources has reaffirmed its disappointment in St Barbara’s alleged lack of engagement on a competing proposal, despite the target shutting down any hopes of a merger last week.

St Barbara has backed in its call to accept a $640 million offer from Genesis Minerals despite Silver Lake Resources claiming the target declined to engage on a competing proposal.

The Pier Street asset is set to change hands for $22.5 million.

Takeover target Newcrest Mining has granted exclusivity for the due diligence period on Newmont Corporation’s $32 billion offer until next week.

Collie-based medicinal cannabis company Cannaponics has raised more than $3 million for its new facility, setting the record for the biggest raise on crowdfunding platform Birchal for 2023.

Chris Ellison-led Mineral Resources has moved to a compulsory acquisition of its Perth Basin partner Norwest Energy after securing a more than 90 per cent stake in the company.

The deal between Dexus and Fiveight took a year to settle.

Global insurance brokers Marsh and BMS Group have each expanded their WA presence, adding to a string of M&A deals by big players snapping up local operators.

Three businesses formed in Perth have been given a new lease of life after being acquired by global players.

Junior miner Venus Metals has entered into a joint venture and farm-in deal with IGO Limited for exploration and potential development at its Henderson nickel and lithium project.

ASX-listed lithium developer Liontown Resources has played down media speculation of a takeover proposal superior to Albemarle’s failed bid for the company in March.

Alliance Nickel has struck a $15 million offtake agreement with automotive manufacturer Stellantis to supply battery grade materials for electric vehicles.

The West Perth-based property fund has bought a hotel and liquor store for $15 million as part of its first total return fund.

Carnaby Resources is set to raise $20 million to fund exploration activities at its gold and copper project in Queensland.

Wyloo Metals has gained control of Mincor Resources after the Andrew Forrest-led company secured majority voting power.

Mining services contractor Macmahon Holdings will invest more than $10 million in Calidus Resources' plan to raise $38.5 million to expand its gold project in the Pilbara.

Food innovator Whole. has raised $1.5 million to fund the development of its technology, which reduces waste and enhances efficiency in the production process.

Galena Mining has raised $20 million from investors after wet weather conditions and technical issues caused delays in the ramp-up period for its Abra base metals mine.

Latin Resources is on track to raise $37.1 million from institutional investors for its Salinas lithium project in Brazil.

The property fund is planning a $13 million luxury townhouse development across the three adjoining lots.

A new Perth venture capital fund is seeking $20 million for a wide range of electrification developments.

BHP has cleared the last hurdle to acquire OZ Minerals after securing final approvals for the $9.6 billion takeover.

Cloud Gaming platform provider Pentanet is set to raise more than $6 million to fund telecommunications infrastructure upgrades to grow its services.

Genesis Minerals shares have risen sharply on the back of a revised deal to acquire St Barbara’s Leonora assets without taking on the miner’s Canadian and Papua New Guinea operations.

Genesis Minerals is understood to have locked in a new deal to buy St Barbara’s Leonora assets for $600 million while removing risks tied to its earlier merger plan.

Mineral Resources has taken up a substantial stake in ASX-listed Essential Metals, a lithium explorer currently in the crosshairs of Tianqi Lithium and IGO.