Deals

Investor relations and communications firm Citadel-MAGNUS has closed a bumper $50 million sale to US company Morrow Sodali, with two Perth executives among the big winners.

Chalice Mining has backed neighbouring explorer and ASX hopeful Northam Resources for $1 million as part of company’s $6 million initial public offer.

Australian Strategic Materials is on track to raise $30 million from investors to via a share placement to advance its Dubbo rare earths project in NSW.

Shares in West Perth nickel junior Cannon Resources have shot up after an all-cash $45 million takeover offer from a Toronto-based private equity firm.

A Perth-based vanadium aspirant chaired by former National Party of Western Australia leader Brendon Grylls is looking for $35 million to list on the ASX.

ASX-listed Kelsian Group has bought another Western Australian business, bolstering its presence in the state’s transport sector and BDO’s growing pipeline of buy-side deals.

A national storage company bought the 2,390sqm warehouse from Singaporean property fund Peakstone.

Robotic technology company FBR has announced a $20 million capital raising that marks the first major ECM deal for investment bank Jarden in Western Australia.

Perth-based acQuire Technology Solutions has expanded its suite of information management tools for the resources sector with the acquisiton of South African company MTS.

Global Lithium is lining up $121 million from institutional investors to buy the remaining stake in its second exploration project, with Mineral Resources pitching in to maintain its interest.

ASX-listed explorer Ardiden has sold off its interest in a lithium joint venture to partner and investee company Green Technology Metals in a deal worth up to $18.5 million.

Dutch company Kiwa Group has added to its global network by purchasing Wembley-based CMW Geosciences, which has nearly 200 staff across Australia and New Zealand.

Perth-based Marketech has struck a deal to buy Opentrader’s retail client book, as it seeks to angle into the space it says will be left vacant by stock market trading platform Iress.

The Jersey Street asset was sold by a syndicate of six sellers.

The low-profile Perth billionaires bought the asset from global aerospace and defence group L3Harris Technologies for $4.18 million.

Nickel junior GME Resources has lined up a potential offtake deal with global automotive manufacturer Stellantis as it sounds out investors for a planned capital raising.

Duratec will buy private welding and engineering business Wilson’s Pipe Fabrication for up to $18 million in a bid to tap into the oil and gas market.

Battery materials company Talga Group has tapped institutional investors for $22 million to bankroll the expansion of its Vittangi Anode project in Sweden.

Gold Road Resources has taken up nearly $26 million worth of new shares via De Grey Mining’s latest placement to cement its place as the junior’s biggest shareholder.

Daughter of bankrupted Perth racing identity Alan Macalister, Kirsty Wardle, has sold two Bayswater properties, both subject to freezing orders in the Federal Court.

De Grey Mining is sounding out institutional investors for a $150 million capital raising to fund a definitive feasibility study for its star asset.

Uranium explorer Basin Energy has listed on the ASX with plans to size up three exploration projects in Canada following a $9 million initial public offering.

The Perth fund manager has bought a South Guildford industrial asset and Queensland medical facility for close to $23 million combined.

Mining contractor Thiess has moved to a 51.83 per cent shareholding in takeover target MACA, giving it effective control of the Perth company.

Core Lithium has kicked off a $100 million share placement to advance exploration and construction efforts at the Finniss lithium project in the Northern Territory.

Red 5 is chasing $60 million from institutional investors to cover ramp-up costs for its new King of the Hills operation as consolidation talks with fellow Leonora miner St Barbara continue.

Perth-founded APM Human Services International has moved to bolster its presence in North America by acquiring an employment services business for $225 million in cash.

Hawaiian fetched more than $100 million for the St Georges Terrace asset.

MC Mining is expecting to raise $40 million to fund its flagship Makhado project via a renounceable rights issue.

Firefinch says it is evaluating alternative funding options after pulling the pin on a planned capital raising, pointing to a weaker gold price and Australian-US dollar exchange rates.

A Queensland-based commercial property investor and funds manager has acquired an industrial and engineering workshop in Kalgoorlie for $10.9 million.

Genesis Minerals has secured full control of friendly takeover target Dacian Gold, triggering Nev Power’s retirement from the board and the appointment of prominent director Tony Kiernan.