Xreality Group Launches MR-1 with First Commercial Sale as US DoD Project Reaches Completion
Australian tech firm xReality Group (ASX:XRG) announced that its Operator XR subsidiary has finished a 20‑month, AU$5.6 million (≈$3.7 million) U.S. Department of Defense subcontract on time and within budget, unlocking a pending AU$0.85 million (≈$0.56 million) milestone payment. The prototype from the contract has been commercialised as the MR‑1 mixed‑reality training system, which secured its first sale to another DoD customer. Operator XR now reports annual recurring revenue of AU$7 million (≈$4.6 million) and a pipeline worth AU$74.4 million (≈$49 million) across 104 clients. The company is winding down its legacy entertainment assets to focus on defense‑training growth.
SPC Global Holdings Launches $100m Raising to Cut Debt and Reset Balance Sheet
SPC Global Holdings (ASX: SPG) announced a fully underwritten $100 million (≈US$66 million) equity raise, split between a $2.9 million placement and a $97.1 million entitlement offer. The proceeds will slash net leverage from 3.9× to about 1.1× by end‑2025 and fund debt reduction,...
Hydrix Wins Key Counter-Drone Contract with NIOA Group
Hydrix (ASX:HYD) landed a counter‑drone payload contract with NIOA Group worth AUD 1‑1.2 million (≈ $660‑$792k USD). The agreement kicks off in May 2026, with a demonstration slated for December 2026 and design optimisation due by the March quarter of 2027. Simultaneously, Hydrix imposed a...
Argenica Therapeutics Establishes Expert Committee to Advance Phase 2b Stroke Trial
Argenica Therapeutics has created a Clinical Advisory Committee to steer the design of its Phase 2b trial of the neuroprotective agent ARG‑007 for acute ischemic stroke. The committee, featuring leading stroke neurologists such as Professors Geoffrey Donnan and Jeffrey Saver, will...
Euro Manganese Delivers Positive Chvaletice Assessment with Phased Development Pathway
Euro Manganese (ASX: EMN) released a positive preliminary economic assessment for its Chvaletice manganese project in the Czech Republic. The post‑tax net present value is $492 million with a 13.8% internal rate of return and a 7.3‑year payback at an 8%...
Anteris Technologies Global Starts US PARADIGM Trial Enrolment
Anteris Technologies Global announced the start of U.S. patient enrollment in its pivotal PARADIGM trial for the DurAVR transcatheter heart valve. The company raised $320 million in January, including a $230 million public offering and a $90 million private placement with Medtronic, boosting...
Nexsen Secures First Asian Hospital Partner for Diagnostic Commercialisation
Nexsen (ASX: NXN) has signed a binding term sheet with GHK Hospital, the operator of Hong Kong’s 500‑bed Gleneagles Hospital, to validate and commercialise its rapid point‑of‑care diagnostics across North Asia. The initial validation will focus on Group B Streptococcus...
Larvotto Resources Delivers First Ore to Hillgrove Stockpile Ahead of August Commissioning
Larvotto Resources has moved the first development ore from the Metz underground mine to the Hillgrove antimony‑gold stockpile, keeping the project on schedule for an August 2026 plant‑commissioning. Underground development has progressed with 1.9 km of drives rehabilitated, a 170 m ramp‑up and...
Bioxyne Signs $50m Exclusive German Supply Deal with ADREX
Australian biotech Bioxyne (ASX: BXN) has signed an exclusive $50 million supply agreement with German distributor ADREXpharma, covering GMP‑certified cannabis flower and related products. The contract includes a $25 million minimum purchase commitment in the first year and an automatic 12‑month renewal,...
EV Resources Confirms Extensive Shallow Antimony System with Maiden Drilling at Los Lirios
EV Resources reported that its maiden diamond drilling at the Los Lirios antimony project in Mexico confirmed a broad, shallow carbonate‑replacement system. Four of five holes intersected antimony within 10 m of the surface, with the highest grade intersect being 3.05 m...
Shape Australia Signals Strong FY26 with Record Project Wins and Expanding Backlog
Shape Australia (ASX: SHA) announced a bullish FY26 trading update, reporting record project wins of over $0.77 billion USD—already exceeding FY25’s full‑year total. The company’s backlog expanded to more than $449 million USD, and FY26 revenue is forecast between $775 million and $808 million...
Evion Expands Critical Minerals Footprint With US Fluorspar Acquisition
Evion Group (ASX: EVG) secured an exclusive option to acquire 100% of the historic CARP fluorspar project in Nevada, adding 376 hectares of adjacent claims. The company raised A$6.635 million (≈US$4.4 million) via a discounted share placement to fund the acquisition, exploration...
Mithril Silver and Gold Confirms High-Grade Mineralisation Outside Resource Boundary at Copalquin
Mithril Silver and Gold announced that its final phase of drilling at the Target 1 deposit on the Copalquin property has confirmed high‑grade gold‑silver mineralisation 300 m west of the existing resource boundary. The program drilled 13 holes totaling 4,383 m, delivering a...
Archer Materials Strengthens Pathway to Wafer-Scale Quantum Device Manufacturing
Archer Materials (ASX: AXE) is shifting its graphene‑based quantum device program from laboratory prototypes to wafer‑scale production using standard semiconductor processes. The company remains on track to showcase a functional qubit before year‑end, marking a critical milestone in its development...
Fluence Wins Strategic $3.7m Industrial Water Contract in Texas
Fluence Corporation announced a $3.7 million contract to design, build and operate an ultrafiltration‑reverse osmosis plant in Texas that will treat up to 1.5 million gallons of groundwater per day. The system promises over 90% water recovery and will supply cooling‑tower makeup...
FMR Resources Eyes Q4 2026 Drilling After Acquiring La Lorena Copper-Gold Project
FMR Resources (ASX:FMR) has secured a five‑year option to acquire 100% of the La Lorena copper‑gold project, a 54 km² undrilled tenure in central Chile. Early rock‑chip sampling returned copper grades up to 4.11%, and Phase I drilling at the adjacent Llahuin target...
The Weekly Finger: 180% More Volatile
The RIU Resources Round Up in Sydney revealed a 180% jump in sulfur prices, now about 6,500 CNY per ton (≈ $910). Small‑cap miners are stockpiling diesel and raising capital to buffer Middle‑East supply shocks, with Kincora Copper adding 30,000‑litre tanks and...
OpenLearning Validates Reseller Strategy with PNU SaaS Deal
OpenLearning (ASX: OLL) has signed a one‑year SaaS LMS agreement with Philippine Normal University, delivered through reseller CE‑Logic, starting 1 June 2026. The deal initially serves 5,000 students with a potential expansion to the university’s full ~12,000‑student body. First‑year net revenue is...
Solstice Confirms Extension of Mineralisation with New Diamond Hole at Nanadie Project
Solstice Minerals announced that a follow‑up diamond drill hole at its Nanadie copper‑gold project in Western Australia has intersected extensive chalcopyrite mineralisation. The hole was positioned about 60 m west of the initial drill and terminated 180 m deeper, pushing the known...
Aldoro Resources Adds World's Largest Strontium Resource to Expanded REE Deposits at Kameelburg
Aldoro Resources announced a major expansion of its Kameelburg project in Namibia, adding a 596.01 Mt inferred strontium resource at 2.17% Sr, making it the world’s largest outside China and Iran. The inferred rare‑earth element (REE) resource also grew 15% to...
Altech Batteries to Discontinue German Silumina Anodes Project
Altech Batteries (ASX: ATC) has halted its 8,000‑tonne‑per‑year silumina anodes project in Germany after six years of development, citing a lack of strategic funding and forward sales. The German subsidiary will be liquidated, with the Saxony land sold for roughly...
EMVision Expands Pivotal FDA Trial to Include Acute Ischaemia Detection
EMVision Medical Devices has expanded its pivotal FDA De Novo trial to evaluate acute ischaemia detection alongside its original haemorrhage indication. The trial now includes over 125 recruited patients with no reported device‑related adverse events, and full enrollment is projected...
Australians Still Using Cash for Now
Reserve Bank of Australia data show cash usage in the country is quietly rebounding, with cash accounting for 15.4% of all payments in 2025—up from 13.3% three years earlier. About half of Australians now use cash weekly, a habit strongest...
Asara Resources Raises $60m to Fast-Track Kada Gold Project Exploration
Asara Resources secured a $60 million institutional placement to accelerate exploration at its flagship Kada Gold Project in Guinea. The funding, issued at $0.125 per share in two tranches, will support resource extension, infill drilling and broader regional programs, with $50 million...
Canyon Resources Advances Minim Martap Bauxite Project with Key Infrastructure Investments
Canyon Resources is de‑risking its Minim Martap bauxite project by boosting its Camrail stake to 26.9% for roughly $16 million and acquiring a 42.8% interest in the Port of Douala operator for about $560 k. Trial mining, rail upgrades and port preparations are...
Amplia Therapeutics Launches New Narmafotinib Ovarian Cancer Study with ANZGOG
Amplia Therapeutics announced the launch of the PRROSE investigator‑initiated trial, testing its FGFR inhibitor narfotininb together with carboplatin and paclitaxel in high‑grade serous ovarian cancer patients who responded poorly to initial platinum therapy. The study will enroll 15‑20 participants, prioritize...
Asian Battery Metals Hits Visible Sulphide Mineralisation in Maiden Drilling at Red Hill
Asian Battery Metals announced visible sulphide mineralisation and a confirmed electromagnetic (EM) conductor in its first 2026 drill hole at the Red Hill volcanogenic massive sulphide (VMS) project in Mongolia. The hole intersected 18.8 m of massive sulphide (pyrite, chalcopyrite, chalcopyrite‑bornite)...
Atlantic Lithium Set for Takeover by Huayou Cobalt Following Binding Scheme Deed
Atlantic Lithium (ASX:A11) has entered a binding scheme deed to be acquired by Zhejiang Huayou Cobalt for an all‑cash $0.25486 per share, valuing the company at roughly $210 million (about $193 million AUD). The offer represents a 26.6% premium to the May 6, 2026...
Hawk Resources Signs Agreement for Mineral Exploration at Olympus Scandium Project
Hawk Resources secured a three‑month agreement with the Ngaanyatjarra traditional owners to explore the Olympus scandium project in Western Australia. The company holds an option to earn up to 80% of the 309‑km² licence area, which hosts a 4 km × 7 km scandium...
InteliCare Holdings Raises $2.05m to Support Broader Commercial Deployment of Aged Care Platform
InteliCare Holdings (ASX: ICR) secured approximately $1.35 million USD (AU$2.05 million) by issuing 93 million shares at an 11.9% discount, bolstering its balance sheet for a broader roll‑out of its AI‑driven aged‑care platform. The capital will fund deployments tied to a five‑year, $5.8 million...
PYC Therapeutics Advances PKD Program with Phase 1b Multiple Ascending Dose Study Initiation
PYC Therapeutics has dosed the first patient in a Phase 1b multiple‑ascending‑dose (MAD) study of its PKD candidate PYC‑003, targeting safety, tolerability and early efficacy signals such as urinary PC1 protein, total kidney volume and eGFR. Results from the earlier Phase 1a...
Odyssey Gold Delivers Recoveries Above 95% in Metallurgical Testing of Tuckanarra Ore Sample
Odyssey Gold reported metallurgical test work on a 44‑kg composite sample from the Tuckanarra project’s Cable starter pit, achieving gold leach recoveries of 95.9% after eight hours. Reagent consumption was low, with cyanide at 0.37 kg/t and lime at 2.65 kg/t, while...
Askari Metals Identifies Continuous Mineralisation in Phase 1 Trenching at Uis Project
Askari Metals reported continuous polymetallic mineralisation across a 260‑metre surface exposure at the PS pegmatite within its Uis project in Namibia. Phase 1 trenching returned peak grades of 6,670 ppm tin, 0.49% lithium oxide, 465 ppm tantalum, 2,020 ppm rubidium and 134 ppm caesium. These...
AML3D Deploys First Portable ARCEMY System at US Navy AM CoE
AML3D (ASX: AL3) has installed its first portable ARCEMY system at the U.S. Navy Additive Manufacturing Centre of Excellence in Danville, Virginia, completing factory acceptance testing and triggering the final AU$1.2 million (≈US$0.8 million) payment from Austal USA. The containerized unit, delivered...
Axel REE Drilling Confirms Ionic Clay Rare Earth System at Woolrich Deposit
Axel REE announced that drilling at its Woolrich deposit in Brazil has confirmed a 20 km² ionic‑clay rare‑earth system with thick, shallow mineralisation. The campaign produced standout assays, including an 8,517 ppm TREO intercept rich in dysprosium‑terbium and yttrium, and supports conversion...
Resolution Minerals Reports High Recoveries From Testing of Lower-Grade Antimony Ridge Samples
Resolution Minerals announced that a 15 kg lower‑grade Antimony Ridge sample yielded near‑complete stibnite recovery, with IMO Labs reporting a 99.5% sulphur recovery from material containing less than 10% antimony. The result follows earlier tests that produced 99.38% antimony trioxide from...
Alma Metals Raises $4m to Advance Promising Briggs Copper Project
Alma Metals completed an oversubscribed $4 million AUD (≈$2.6 million USD) placement at $0.01 per share, issuing 400 million new shares. The capital will fund drilling, metallurgical testing and pre‑feasibility work on the Briggs copper project in Queensland, aiming to grow resources and...
Caprice Resources Hits Bonanza Grades in New Zone at Island Gold Project
Caprice Resources reported a high‑grade gold intercept at its Island Gold project, logging 22 m at 66.2 g/t Au and a bonanza 8 m at 181 g/t Au. The find defines a new zone about 120 m west of the existing Vadrians lode and is...
Austral Resources Returns 15.98% Copper Grades From Drilling at Cameron River’s Snow Queen Prospect
Austral Resources (ASX: AR1) announced drilling results from the Snow Queen prospect that include a 10‑metre interval grading 7.52% copper, with a standout 4‑metre section at 15.98% copper. The high‑grade intercept confirms a breccia‑controlled mineralised corridor along the Hardway Granite...
Advance Metals Commences Maiden Drilling Campaign at Gavilanes Silver Project
Advance Metals has launched a 4,500‑metre maiden diamond drilling program at its Gavilanes silver project in Mexico, focusing on down‑dip and strike extensions of high‑grade mineralisation. The campaign targets the El Nopal, La Cruz and La Tuna prospects, which could add to the...
Acusensus Reaffirms FY26 Guidance on Strong International Operational Progress
Acusensus reaffirmed its FY26 revenue guidance of $83‑87 million and adjusted EBITDA of $7.2‑8.2 million, citing a record‑size US pipeline and expanding contracts in the UK, Australia and New Zealand. The company posted a 40% revenue jump to $40.3 million in the first half...
The Weekly Finger: Resource Wars and the Tungsten Trap
The upcoming RIU Sydney Resources Round‑up will zero in on two emerging bottlenecks—fuel security and a tightening global sulphur supply—while the Tungsten ’26 webinar highlights China’s 80% grip on tungsten and NATO’s surge in defence stockpiling. James warns that the...
Frontier Energy Secures Key Government Support for Waroona Renewable Energy Project
Frontier Energy (ASX:FHE) secured government‑backed revenue protection under the Capacity Investment Scheme through 2042, dramatically de‑risking its 120 MW solar‑plus‑81.5 MW battery Waroona Stage One project. The support enables the company to approach banks with senior‑debt proposals offering up to 70% gearing and...
Aland Equity Group Advances Expansion Into Property Funds Management Sector
Aland Equity Group (ASX:AEG) is advancing its entry into the property‑funds management space, finalising the platform structure with advisors and landowners. The firm broadened distribution of its Aland Australian Equities Fund (AAEF) through an external research rating, sparking investor meetings...
Great Boulder Resources on Pathway to Capital-Light Gold Production with Peak Hill Acquisition
Great Boulder Resources (ASX:GBR) has agreed to acquire the historic Peak Hill gold project in Western Australia for $25 million in cash and a 19.9% equity stake to Westgold. The acquisition adds a 481,000‑ounce resource, bringing the total mineral inventory to...
BrainChip Strikes IP Licence Deal with ASICLAND to Integrate Akida AI Technology
BrainChip Holdings (ASX:BRN) has signed a non‑exclusive, worldwide IP licence agreement with ASICLAND to embed its Akida neuromorphic AI technology into ASICLAND’s system‑on‑chip designs. The deal provides upfront evaluation and production licence fees per customer plus volume‑based royalties on net...
Weekly Wrap: Market Steps Back From the Brink with a Rise
The ASX 200 jumped 0.7% to 8,729.8 points on Friday, snapping an eight‑day losing streak that had persisted since 2018. The rally was led by the materials sector, with BHP and Rio Tinto each gaining over 2% as oil prices retreated to...
Australian Dairy Nutritionals Targets China Growth After Future Brand Powder Sales Lift
Australian Dairy Nutritionals (ASX: AHF) posted $0.92 million USD revenue for the March quarter, with nutritional powders contributing $0.58 million USD and growing 20% year‑over‑year. Total revenue fell 13% versus the prior period after the company exited its North Brucknell milk and...
Ava Risk Group Advances Australian Security Contracts as Hale Capital Invests $7m
Ava Risk Group secured a $4.6 million USD strategic investment from Hale Capital, delivered in two tranches of $2.0 million and $2.6 million USD. The funding bolsters the balance sheet and fuels expansion into the U.S. federal market while the company clinches Australian...
Bison Resources Targets Carlin Trend Discoveries After Impressive ASX Debut
Bison Resources (ASX: BSR) debuted on the Australian Securities Exchange on April 16, raising an oversubscribed $5.5 million IPO. The proceeds will finance a multi‑stage exploration campaign across four Nevada projects—Ruby Lake, Cherry Springs, Bald Peaks and Medicine Range—situated in the...