The S&P/ASX 200 Index (ASX: XJO) has started the week in a subdued fashion. In afternoon trade, the benchmark index is down 0.35% to 8,731.3 points.
Four ASX shares that are not letting that hold them back are listed below. Here's why they are rising:
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Aeris Resources Ltd (ASX: AIS)
The Aeris Resources share price is up 10% to 60 cents. This morning, the copper miner announced that its Constellation Project has been granted development consent from the NSW Department of Planning, Housing and Infrastructure. Aeris Resources' executive chair, Andre Labuschagne, said: "Receiving development consent represents a key milestone for the project." Labuschagne added: Coupled with our recently declared Open Pit Ore Reserve, this places us in a strong position for Constellation to become the next major ore source for Tritton in the near term. We acknowledge and thank the NSW government for their continued support."
Cobram Estate Olives Ltd (ASX: CBO)
The Cobram Estate Olives share price is up 16% to $3.79. Investors have been buying this olive oil producer's shares since it announced an agreement to acquire California Olive Ranch. It is the leading producer and marketer of Californian extra virgin olive oil. The company has agreed a total consideration of US$173.5 million. This comprises cash of US$88.5 million, the issuance of vendor notes worth US$70 million, and an earn-out payment US$15 million. Cobram Estate Olives' chair, Rob McGavin, said: "The acquisition of California Olive Ranch, Inc., delivers a compelling set of strategic and financial benefits for CBO. It immediately expands our Californian olive growing footprint from approximately ~1,422 hectares to around ~3,292 hectares of planted groves, while accelerating sales growth through the addition of well-established, premium household brands."
Metallium Ltd (ASX: MTM)
The Metallium share price is up 4.5% to 98.2 cents. This follows news that the critical and precious metals company has commenced commissioning at its Texas Technology Campus. Management believes this milestone represents a major step in de-risking its U.S.-based critical-metals recovery platform. It notes that commissioning activities are progressing in parallel with ongoing construction works to support future expansion.
Weebit Nano Ltd (ASX: WBT)
The Weebit Nano share price is up 11% to $5.45. This morning, this semiconductor company revealed that it has signed a licensing agreement for its ReRAM technology with Texas Instruments (NASDAQ;:TXN). In addition, the company released revenue guidance for FY 2026, revealing that it expects revenue of at least $10 million. The company's CEO, Coby Hanoch, said: "This agreement is another strong signal that the industry is moving towards ReRAM as the successor to flash memory in SoC designs."
