Daily Roundup

Stanmore Resources is making a major move in the coal sector, agreeing to acquire Moranbah South from Exxaro for US$105 million. The deal will give the company a significant boost to its resource base, adding 724 million tonnes of measured and indicated coal resources—primarily premium hard coking coal. The tenements sit right next to Stanmore's existing Eagle Downs and Isaac Downs Extension projects, making this a natural fit for the company's growth strategy. The transaction does come with one condition: it's contingent on Exxaro first acquiring Anglo American's 50% stake in the joint venture, a process expected to wrap up by the end of 2026.

In automotive news, Peter Warren Automotive is moving forward with its Wakeling acquisition, though not without some strings attached. The ACCC has given the green light to the deal, subject to a mandatory 14-day review period and some important conditions. Peter Warren will need to divest eight dealership sites across Campbelltown and Smeaton Grange—representing brands like Kia, GMSV, RAM, Isuzu UTE, GAC, Volkswagen, and Suzuki—to address competition concerns in Sydney's Macarthur region. The company, which already operates over 80 franchise locations representing more than 30 OEMs, expects the acquisition to complete in the coming weeks.

Nine Entertainment saw a significant shift in its shareholder base, with WIN Group increasing its stake in the company. Through Birketu Pty Ltd, WIN Group boosted its economic interest from 28.22% to 31.18% and its voting power from 22.98% to 25.94%. The increase came from acquiring 47 million NEC shares on the market between late August and early September, signaling continued confidence in the media company.

Clean TeQ Water is landing a substantial contract that could set the stage for future growth. Sunrise Energy Metals has awarded the company a Front End Engineering Design and early works contract for the Syerston Scandium Project, valued at approximately A$5.4 million. The deal breaks down into A$2.0 million for the FEED scope and A$3.4 million for long lead deliverables, covering the continuous Resin-in-Pulp ion exchange circuit and scandium refinery. Most of the FEED revenue is expected to hit the books in the 2027 financial year.

Po Valley Energy is making headway in Italy, with its Selva Malvezzi project advancing on multiple fronts. Italy's Ministry of Environment and Energy Security has confirmed the admissibility of the Environmental Impact Assessment for a four-well drilling program, with a 60-day public observation period now underway. On the commercial side, the company hit a record for gas revenue in August thanks to strong prices of €0.67 per standard cubic meter, and it's just locked in a new 12-month gas sales agreement with Hera Trading S.r.l starting October 1, 2026.