Latest Concrete News

M Battery Materials has lodged a prospectus for a $15 million to $25 million IPO, taking its proposed acquisition of LE Minerals’ Queensland graphite assets into a more concrete phase. The transaction still requires LE Minerals shareholder approval and successful ASX admission.

Algorae has secured exclusive Australian commercial rights across eight Umedica-branded molecules while separately advancing a Umedica-supplied product towards regulatory approval. The broader arrangement remains partly non-binding, with financial terms undisclosed and TGA approval still pending.

Indiana Resources has completed drilling at Company Well and Minos, while heritage clearance unlocks the next stage at the 7km Ealbara gold anomaly. The exploration progress comes alongside a November CEO departure and an unresolved arbitration claim over US$13.05 million in Tanzania settlement proceeds.

Mayne Pharma has settled its final US Paragraph IV patent dispute over IMVEXXY with Teva, setting a potential generic entry date of 2 September 2032. The agreement removes ongoing litigation without an upfront payment, while leaving court approval and earlier-entry provisions to resolve.

Forrestania Resources says Edna May could process first ore and begin gold production in mid-December 2026, bringing forward the company’s near-term production pathway. The target remains conditional on final equipment arriving and being installed on time.

Deep Yellow has withdrawn its target for a fourth-quarter 2026 Final Investment Decision on the Tumas uranium project, citing weak equity market conditions and constrained funding options. Construction continues, but the company has not provided a revised FID date or funding structure.

Santana Minerals has moved the Bendigo-Ophir Gold Project closer to development, with a draft Fast-track Approvals decision expected in the December quarter and a competitive project debt process now underway. Strong Rise and Shine drilling and an A$179.7 million quarter-end cash balance provide further support, although construction remains conditional on approvals, financing and a final investment decision.

Kingsrose Mining has secured the key Finnish approvals needed to advance drilling at Area 6 of its Penikat project, with a January 2027 start still targeted. Appeals remain possible until 20 November, but a separate enforcement order could allow restricted drilling while any challenge is heard.

Benjamin Hornigold will pay shareholders a fully franked special dividend of 6.2 cents per share on 18 November, following litigation updates and executed deeds of settlement. The distribution is worth more than its headline cash amount to eligible Australian shareholders because it carries full franking credits.

Green360 Technologies has secured a binding agreement to supply Eifers Civil with up to 4,800 tonnes of its MKX calcined clay over 12 months. The deal could generate about A$1.2 million if the full volume is ordered and delivered, taking maximum supply under disclosed agreements to 9,600 tonnes.

Finder Energy has secured a conditional contract for the Hakuryu-5 semi-submersible rig to drill three development wells offshore Timor-Leste, with two further wells optional. The approximately US$42.3 million gross contract gives the Kuda Tasi and Jahal project a defined drilling window, but financing and multiple approvals remain outstanding before Final Investment Decision.

Symal has reaffirmed its FY27 guidance and raised its FY30 EBITDA ambition to more than $230 million, while pointing to $1.9 billion of work-in-hand and a $9.1 billion tendered pipeline. The contractor is increasingly leaning into energy, digital infrastructure, utilities and defence, with about 75% of FY27 revenue already secured.