Latest News
Breaking news and real-time updates from the ASX small-cap market
Market Wrap: Gold miners lose the tug of war with Consumer Stocks
A tug of war between rising gold miners and a souring consumer sector saw the Australian share market end the week basically flat on Friday. By the close the ASX 200 had fallen just 3.6 points or less than 0.1% to 8881.9 points, although the index had fallen 1.7% for the week. A fairly negative lead in from Wall Street didn’t help with shares in Facebook parent Meta falling, dragging down the rest of the magnificent seven mega-cap technology stocks and causing all three major US indices to drop.
Anglo American sells nickel assets to MMG as part of strategic refocus
Anglo American has sold its nickel arm for US$500m to a Singapore-based subsidiary of MMG as part of a plan to tighten its business. The company’s nickel business comprises two ferronickel operations in Brazil – Barro Alto and Codemin – and two large greenfield growth projects, Jacaré and Morro Sem Boné. The Barro Alto mine, […]
Cornish Metals secures £28.6 million government investment to restart historic South Crofty tin mine
The UK’s National Wealth Fund (NWF) has announced a £28.6 million direct equity investment into Cornish Metals (TSX-V: CUSN) to help finance and de-risk the re-opening of the South Crofty tin mine in Cornwall. The fully-permitted underground development hosts one of the world’s highest-grade tin resources and racked up more than 400 years of recorded […]
Cameco and Kazatomprom suspend Inkai operations amid regulatory delays, boosting uranium prices
The global uranium price improved after the giant Inkai joint venture operations in Kazakhstan were suspended due to a delay in receiving key government approvals. Canada’s Cameco (40%) confirmed the shutdown of production activity at the JV operation after being informed by partner Kazatomprom (60%) that the in-situ recovery JV failed to receive an extension […]
Base Resources receives $375m takeover bid from Energy Fuels to create global critical minerals group
US-based critical minerals producer Energy Fuels has made a takeover bid for Australian company Base Resources (ASX: BSE) to create a billion-dollar global business with a focus on rare earth elements, uranium and mineral sands production. Under the terms of the proposal, Base shareholders will receive 0.026 Energy Fuels shares for each Base share held […]
Keywords Studios sees revenue jump following strategic acquisitions
Irish video game service provider Keywords Studios (LSE: KWS) has cited robust organic growth and multiple acquisitions for a 13% jump in 2023 full-year revenue to approximately £666 million, from £590 million in the previous year. The company’s adjusted operating profit rose 6% to £104 million with a 15.6% margin, which was ahead of its […]
Mike Ashley joins Hornby as consultant amid Frasers Group’s increased stake
International models and collectibles group Hornby has engaged retail tycoon Mike Ashley as a consultant to the company. The appointment comes one month after it was revealed that Mr Ashley’s company Frasers Group had upped its stake as a strategic shareholder. Mr Ashley will provide the services to the toy company through his wholly-owned company […]
Poolbeg Pharma moves closer to granting of patent for POLB 001 to treat multiple diseases
UK biopharmaceutical company Poolbeg Pharma (AIM: POLB) has received a notice of allowance from the US Patent Office in relation to an application for its lead candidate POLB 001 in the treatment of multiple diseases. The notice covers a class of drugs (including POLB 001) for treating hypercytokinaemia (cytokine storm) and for preventing its development […]
Diversified Energy to lift interests in US oil and gas assets
London and New York-listed Diversified Energy Company (NYSE: DEC) has entered into a conditional agreement with Oaktree Capital Management for the strategic acquisition of working interests in a number of operated assets in the Central Region of the US. The US$386 million acquisition will consolidate Diversified’s working interest in its existing operated wells in the […]
Faron Pharma reports improved remission rates from Bexmab Phase 1 trial to treat patients with aggressive cancers
Faron Pharmaceuticals (LSE: FARN) has reported positive data from Phase 1 of an ongoing trial investigating bexmarilimab (Bexmab) in combination with standard of care in aggressive hematological malignancies of acute myeloid leukemia (AML) and myelodysplastic syndrome (MDS). Four out of five initial Phase 1 patients have now been on Bexmab with azacitidine for more than […]
Sign In Solutions makes £28.35m cash bid for SmartSpace Software
Sign In Solutions subsidiary Welcome UK Bidco has made a £28.35 million cash offer for technology business SmartSpace Software (LSE: SMRT) by way of a court-sanctioned scheme of arrangement. SmartSpace designs and builds smart software solutions such as visitor, desk and meeting room management to help transform employee engagement. Under the terms of the deal, […]
Vodafone Group to divest Italian business in US$8.71b deal with Swisscom
Vodafone Group Plc (LSE: VOD) has announced it will divest its subsidiary Vodafone Italy to Switzerland-based telco Swisscom AG. The US$8.71 billion transaction follows an extended period of engagement with several companies to explore market consolidation options in Italy. It comes hot on the heels of Vodafone Spain’s divestment in October to Zegona Communications plc […]