FINWIRES · TerminalLIVE
FINWIRES

Great Boulder Resources Secures AU$40 Million in Two-Tranche Placement; Shares Up 19%

By

-- Great Boulder Resources (ASX:GBR) secured firm commitments to raise AU$40 million from institutional and sophisticated investors through a two-tranche placement, issuing around 470.6 million shares at AU$0.085 each, representing a discount of nearly 14% to its 10-day volume-weighted average price, according to a Tuesday filing with the Australian bourse.

The first tranche is expected to raise about AU$12.4 million from 145.5 million shares, while the second tranche aims to generate around AU$27.6 million from 325.1 million shares, subject to shareholder approval, the filing said.

The funds will be used to support the company's acquisition of the Peak Hill gold project from Aragon Resources, a wholly owned subsidiary of Westgold Resources (ASX:WGX), the filing added.

The company's shares jumped 19% in recent Tuesday trade.

Related Articles

Asia

UltraGreen.ai Vials Shipment Down 8.7% in Q1; Shares Plunge 5%

UltraGreen.ai's (SGX:ULG) total vial shipment fell 8.7% during the first quarter of the year to 280,900 vials from 307,600 vials a year earlier, according to a Tuesday filing with the Singapore Exchange.During the period, the healthcare intelligence company expanded its regulatory coverage to 41 countries.Shares of the company were down over 5% in Tuesday trading.

$SGX:ULG
Asia

NH3 Clean Energy Says Western Australia Project Receives Major Project Status; Shares Near One-Year High

NH3 Clean Energy's (ASX:NH3) WAH2 project in Western Australia received Major Project Status (MPS) from the Australian Government for a three-year period, according to a Tuesday filing with the Australian bourse.The MPS allows access to the Major Projects Facilitation Agency, collaborating with state and territory governments to expedite approvals for projects aligned with national strategic priorities, the filing said.In addition, the MPS supports the pathway towards a final investment decision targeted by year-end, with first production expected by the end of 2029, per the filing.Shares rose 13% in afternoon trade Tuesday and earlier reached their highest since October 2025.

$ASX:NH3
International

Australian Farmland Prices Hit Record in 2025 But Market Now Cooling, Bendigo Bank Says

Australia's farmland market hit a new national record median price of AU$10,516 per hectare in 2025, but is now exhibiting clear signs of a slowdown, Bendigo Bank said in a Tuesday report.The market climbed 2.8% last year, which was the slowest annual growth rate in 12 straight years of expansion, down from the double-digit growth registered between 2018 and 2022, according to the report."A subdued start to [2025] gave way to a more confident market in the second half driven by improved seasonal conditions, three [Reserve Bank of Australia] cash rate cuts, and strong livestock prices," said Eliza Redfern, senior manager, industry insights at Bendigo Bank Agribusiness."However, widespread, uniform growth has fallen, and buyers are now more discerning, prioritizing asset quality, water security, and long-term returns," Redfern added.The report found varying performance across states, with prices rising over 20% in South Australia and nearly 6% in Queensland, but falling 0.4% in Victoria and almost 21% in Tasmania.Bendigo Bank expects the Australian farmland market growth to continue to level off in the current year amid a more challenging environment for farmers.

$^AXJO