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.
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.
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.
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.
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.
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.
Shares in St Barbara and Genesis Minerals will remain in a trading halt until after the weekend as the companies negotiate new terms for their planned deal.
Canadian engineering giant WSP Global will more than double the size of its WA operation to 1,300 people after agreeing to buy most of Calibre Group’s business.
