Deals

Supercomputing business DUG Technology has raised funds from a discounted share placement to expand into the military, space, and renewables markets.

Mincor Resources has secured funds to build an accommodation camp for its proposed Cassini nickel operation near Kambalda.

Chris Ellison-led Mineral Resources has pocketed almost $330 million from the sale of its stake in lithium miner Pilbara Minerals.

MICROMINE has completed its second acquisition in less than three months, having purchased fellow Western Australian mining software business Alastri.

Shareholders in Red Hill Iron have voted in favour of selling an entire stake in a West Pilbara joint venture to Mineral Resources.

A joint venture between WA companies Pathfinder Resources and Cazaly Resources is set to list on the ASX in October, having launched an initial public offering to raise $9 million.

Grand Gulf Energy is raising $3.3 million to fund the acquisition of Australian helium business Kessel Resources.

Bellevue Gold says it is fully funded to bring its namesake project in WA to production after raising $106 million from a share placement and finalising a $200 million loan with Macquarie Bank.

Four Western Australian explorers are preparing to list on the ASX, having launched initial public offerings to raise a combined $34 million.

Shares in MGC Pharmaceuticals have risen more than 40 per cent after the WA company revealed first orders for its plant-derived medicinal products in the US.

Beacon Minerals is set to extend the life of its Jaurdi asset in Western Australia following the purchase of a nearby gold project.

West Perth-based Definitiv is set to bolster its Asia Pacific reach after being bought by fellow software company The Access Group.

West Perth-based human services company APM has appointed Goldman Sachs and Gilbert + Tobin to assess a stockmarket float likely to be worth in excess of $1.5 billion.

Fuel distributor Ampol has pitched a takeover offer for a New Zealand company on the same day as declaring a return to first-half profit.

Tasmanian business Huon Aquaculture today confirmed it had received a takeover proposal from Andrew Forrest’s Tattarang, lower than that of Brazilian meat processing giant JBS.

Liontown Resources’ non-lithium spinout will hit the ASX boards in October after it raises at least $15 million from an initial public offering.

Andrew Forrest’s Tattarang has bought $38 million of Western Areas shares since March, revealed a day after IGO confirmed the nickel miners were in takeover discussions.

Perth-based companies Jadar Resources and Tempus Resources are raising funds to progress their projects in Australia and Canada.

IGO has confirmed it is in discussions with fellow nickel miner Western Areas over a potential takeover worth more than $800 million.

Cirrus Networks' board has continued to reject a takeover proposal made by Webcentral Group, which is now seeking to remove three directors of the local IT services firm.

Perth-based Myanmar Metals has agreed to sell its entire interest in a historical lead and silver mine, impacting the likelihood of a $66 million takeover deal.

Western Australian company Battery Minerals has agreed to sell two graphite projects in Mozambique to an existing producer for $12.5 million in cash and shares.

Sydney Airport has swiftly rejected a revised takeover bid by an expanded group of infrastructure investors, saying the new offer still undervalues the company.

Peter Meurs and Perth-based Merchant Group have invested $9.5 million in biopharmaceutical company Dimerix, as part of a broader capital raising to fast-track clinical studies.

The noteholders in one-time lithium producer Altura Mining are set for a windfall gain, after the value of shares they are due to receive in Pilbara Minerals rocketed.

West Perth-based Galan Lithium has secured funds to continue exploring its Greenbushes South project in WA and its Argentinian assets.

South Australia’s Thor Mining has raised $1.5 million, primarily to fund continued exploration at its Ragged Range gold and nickel project in the Pilbara.

Perth-based Veris has revealed plans to demerge and publicly list its telecommunications business, Aqura Technologies, following a strong year of growth and significant contract wins.

Perenti subsidiary Ausdrill has partnered with the University of Technology Sydney and the Innovative Manufacturing CRC to co-develop a system for safer rock scaling operations.

Perth-based Proteomics International has partnered with the University of Melbourne and the Royal Women’s Hospital to develop a non-invasive blood test for endometriosis.

Andrew Forrest's Tattarang has lifted its stake in Huon Aquaculture to 18.5 per cent, less than a week after the fish-farming business received a takeover offer from meat processing giant JBS.

Balcatta-based Great Southern Mining is raising $2.5 million from a share placement to progress its projects in Western Australia and Queensland.