Latest Asx News

Carbonxt Group Limited has raised $920,000 through convertible notes and a share placement to major shareholder Phelbe Pty Ltd, aiming to strengthen working capital and increase its stake in New Carbon Processing, LLC.

Orthocell has raised $30 million through an institutional placement to accelerate the US commercialisation of its flagship nerve repair product Remplir and expand its regenerative medicine portfolio.

Pilot Energy has locked in a $5.9 million debt facility tied to PRRT refunds, easing upfront funding pressures for decommissioning the Cliff Head oil field through 2027.

Coventry Group reports a 4.5% increase in Q1 FY26 sales alongside a notable EBITDA turnaround, underpinned by a $10 million cost-out program and fresh executive appointments.

Golden Deeps Ltd has raised $3.54 million through an oversubscribed placement to accelerate exploration and drilling at its Otavi Mountain Land Critical Metals Projects in Namibia, focusing on the high-grade Graceland Prospect.

Andromeda Metals has raised $13 million through a placement and launched a $2.5 million Security Purchase Plan to accelerate development of its Great White and High Purity Alumina projects.

The ASX has granted key waivers allowing Southern Cross Media to proceed with its acquisition of Seven West Media without shareholder approval, smoothing the way for a major media consolidation.

INOVIQ Limited has completed a $9.5 million placement to institutional investors and launched a $2 million Share Purchase Plan for existing shareholders, aiming to bolster its cancer diagnostics and therapeutics pipeline.

Axel REE Limited has secured three new exploration licences adjacent to its Caladão Project in Brazil, launching a drilling campaign aimed at expanding its rare earth elements and gallium resources.

Gateway Mining has launched a significant 4,600 metre diamond drilling campaign at its Yandal project, complementing an extensive aircore program and backed by strong financial resources.

Structural Monitoring Systems (ASX – SMN) reports a robust third consecutive profitable quarter, driven by soaring avionics sales and a landmark US defense contract via Canada’s CCC program. Revenue climbs 23% year-on-year, signaling strong momentum in its Special Mission communications business.

Gorilla Gold has identified significant new gold-in-soil anomalies at its Comet Vale and Mulwarrie projects in Western Australia, setting the stage for expanded drilling and resource growth ahead of a major update in Q4 2025.