Metro Mining (ASX:MMI) to raises $44M to cut debt and boost capital
Full story: https://grafa.com/news/metro-mining--asx-mmi--to-raises--44m-to-cut-debt-and-boost-capital-216682 Metro Mining plans to raise $44 million, comprising a $40 million institutional placement and a $4 million share purchase plan. The funds will mainly retire $39 million in debts and allocate $5 million for working capital and transaction costs. The offer price for new shares is set at 4.1 cents each. Shaw and Partners will oversee the initiative as bookrunner and lead manager.
Deep Yellow (ASX:DYL) raises $79.5M in tranche 2 placement
Full story: https://grafa.com/news/deep-yellow--asx-dyl--raises--79-5m-in-tranche-2-placement-216685 Deep Yellow completed tranche 2 of its placement, raising approximately $79.5 million at $1.225 per share. The issuance of 64,738,565 ordinary fully paid shares to institutional investors and 146,937 shares to participating directors aims to enhance operational capabilities and project investments in the uranium sector. The move signals Deep Yellow's growth trajectory and commitment to advancing in the industry, likely fostering positive investor and stakeholder reception.
Computershare (ASX:CPU) sells CLS US division to Rithm Capital for $712M
Full story: https://grafa.com/news/computershare--asx-cpu--sells-cls-us-division-to-rithm-capital-for--712m-216631 Computershare completed the sale of its US mortgage services division, CLS US, to Rithm Capital (NYSE:RITM) for US$712 million ($1.09 billion). Proceeds will be used for debt repayment and general corporate purposes. The transaction is expected to have a broadly neutral effect on earnings for FY24, with reduced interest expense offsetting CLS US's positive EBIT contributions. Computershare reaffirmed its FY24 management EPS guidance of around $1.16.
Si6 Metals (ASX:SI6) hikes Brazil venture stake to 70%
Full story: https://grafa.com/news/si6-metals--asx-si6--hikes-brazil-venture-stake-to-70--216663 Si6 Metals revised its joint venture terms with Foxfire Metals, granting Si6 a 70% stake in future Brazil-based acquisitions, up from a previous 50/50 split. The move aligns with Si6's strategy to expand its exploration portfolio in Brazil, focusing on rare earth elements and lithium. Managing Director Jim Malone said the company aims to strengthen the partnership and expedite exploration efforts in key regions like the Lithium Valley and Poços de Caldas.
Enterprise Metals (ASX:ENT) partners with Century Minerals for Eneabba East Mineral Project
Full story: https://grafa.com/news/enterprise-metals--asx-ent--partners-with-century-minerals-for-eneabba-east-mineral-project-216643 Enterprise Metals signed an option agreement with Century Minerals for exploring the Eneabba East HMins-REE Titanium Project in Western Australia. The exclusive deal covers heavy minerals, rare earths, and other minerals across two exploration licenses near Iluka Resources (ASX:ILU) operations. Enterprise will issue shares and options to Century as part of the option fee, with additional compensation based on expen
Full story: https://grafa.com/news/ixup--asx-ixu--welcomes-new-ceo-216632 IXUP has appointed Alastair Watson as CEO, effective June 1. With over 20 years of scaling SaaS businesses, Watson has extensive experience driving revenue growth. "Alastair has the ideal leadership qualities and experience that are suited to the next important phase of growth at IXUP," said Chairman Julian Babarczy.
Nick Scali (ASX:NCK) launches $10M share purchase plan
Full story: https://grafa.com/news/nick-scali--asx-nck--launches--10m-share-purchase-plan-216639 Nick Scali has launched a share purchase plan to raise up to $10 million following a $46 million institutional placement. Eligible shareholders can buy up to $30,000 worth of new fully paid ordinary shares at $13.25 each. CEO Anthony Scali's conditional $4 million placement awaits approval. The share purchase plan targets shareholders in Australia or New Zealand as of the record date on April 23.
Olam Agri launches off-market takeover bid for Namoi Cotton (ASX:NAM)
Full story: https://grafa.com/news/olam-agri-launches-off-market-takeover-bid-for-namoi-cotton--asx-nam--216654 Olam Agri Holdings plans an off-market takeover bid for Namoi Cotton at 66 cents per share. Olam Agri aims to acquire at least 50.1% of Namoi's shares. If the company secures 90%, the offer rises to 70 cents per share. Olam Agri CEO Sunny Verghese is confident in the acquisition, citing expertise and industry relationships. The bid surpasses previous offers and market value, appealing to Namoi shareholders.
Meteoric Resources (ASX:MEI) partners with Neo Performance for rare earth supply from Caldeira Project
Full story: https://grafa.com/news/meteoric-resources--asx-mei--partners-with-neo-performance-for-rare-earth-supply-from-caldeira-project-216642 Meteoric Resources has partnered with Neo Performance Materials in a non-binding memorandum of understanding to offtake 3,000 metric tonnes of TREO annually from its Caldeira Project in Minas Gerais, Brazil. The agreement aims for a future binding offtake deal to supply rare earths for Neo's Estonian magnet manufacturing. Meteoric Resources targets a construction permit by the fourth quarter o
Macmahon (ASX:MAH) extends $352M contract with AngloGold Ashanti Australia
Full story: https://grafa.com/news/macmahon--asx-mah--extends--352m-contract-with-anglogold-ashanti-australia-216645 Macmahon Holdings secured a three-year contract extension valued at $352 million with AngloGold Ashanti Australia for ongoing mining services at the Boston Shaker underground mine within the Tropicana gold operation in Western Australia. The extension, effective until May 1, 2027, extends the partnership initiated in 2019. Anticipated to generate $117 million in annual revenue, the contract leverages the existing fleet. CEO Michael Finnegan expects