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Rimfire Pacific Mining (ASX:RIM) has raised $2.3 million through a share placement to advance its Australian scandium projects.

Resouro Strategic Metals (ASX:RAU) has completed the first tranche of its private placement, raising $1.9 million.

Rheinmetall CEO Armin Papperger says he is "very unhappy" after Germany withdrew a 10 billion naval contract, saying it wasn't a "responsible use of budgetary funds," a decision that forced the defense company to cut its outlook. Papperger made the comments in an interview with Bloomberg TV's Francine Lacqua on August 6.

The New South Wales government confirmed that federal tax changes and interest rate increases are lowering property values in Sydney.

Connected Minerals (ASX:CML) has launched a maiden drilling programme at the Bailundo Carbonatite Project.

Amidst an already volatile economic and geopolitical backdrop, Europe is faced with a new a challenge in the form of an escalating climate crisis. Hot, dry weather across the continent has put communities under threat from deadly wildfires. Rivers and critical waterways are also in danger of falling water levels which could also cause disruptions to power facilities and fracture the transportation of coal, fuel, and industrial commodities. The Opening Trade spoke with guests about what the ongoing volatility means for European governments and business leaders.

Coles (ASX:COL) confirmed that it will outsource up to 1,000 back-office positions to India to cut operational expenses.

Transurban (ASX:TCL) has reached financial close on an $915 million debt financing package for WestConnex.

Invictus Energy (ASX:IVZ) executed a rig contract variation with Exalo Drilling to confirm a November spud date for the Musuma-1 exploration well.

Medical technology startup Vexev has raised $8.6 million to fund regulatory clearance for its automated imaging platform.

The Agency Group Australia (ASX:AU1) confirmed a non-binding merger proposal valuing its shares at $0.04 each.

De.mem (ASX:DEM) generated $20 million in first-half cash receipts as positive operating cash flow reached $928,000.