SRG Global surged 21.5% after announcing an $85 million deal to acquire TAMS, boosting earnings outlook.

SRG Global shares rose 21.5% to $2.49 on October 14, 2025, after announcing an $85 million cash-scrip deal to acquire marine infrastructure firm TAMS, which brings $600 million in work and a $3 billion pipeline across key sectors. The acquisition, funded with cash, debt, and new shares, is expected to boost pro forma earnings per share by about 25% in fiscal 2026. Lithium Universe plans a second lithium carbonate refinery in Texas to meet rising North American demand, citing supportive U.S. policies and supply chain needs. Elixir Energy reported 23 meters of net gas pay in Queensland’s Surat-Bowen Basin, confirming multiple gas-charged zones. Australia’s business conditions held steady in September, with rising sales and profitability, though forward orders dipped. Green Critical Minerals seeks shareholder approval to rebrand as GCM Corporation Limited to reflect its shift toward VHD graphite manufacturing and U.S. expansion plans. Treasury Wine Estates fell sharply after withdrawing financial guidance, prompting broker downgrades amid uncertainty in China and the U.S. and a leadership change.