Latest Connectivity News

Firebrick Pharma has raised approximately $732,000 from strategic investors, with its Philippines licensing partner investing $631,750 to lift its holding above 10%. The funding will support US retail production, a Singapore product launch and working capital.

VHM has agreed a non-binding term sheet with Mitsui covering up to 65,000 tonnes a year of heavy mineral concentrate from its Goschen project. The proposed deal could add a cornerstone customer and potential trade-finance support, but a binding agreement and funding remain outstanding.

Activeport has reported a sharp first-quarter acceleration in software revenue, alongside a leaner cost base and expanding GPU deployments. The company says $4.05 million of software project contract value was activated during the quarter, but the cash flow payoff still depends on customer usage and execution.

Iceni Gold has defined a new drilling corridor at Goose Well after diamond drilling confirmed broad, low-grade gold mineralisation with higher-grade quartz veins near the Gander Fault. The company is also preparing for a Gold Fields-funded 7,000m RC campaign at Everleigh, with results expected from December.

Mastermyne has secured a two-year mining services contract tied to the proposed restart of Tahmoor mine in NSW, with gross revenue of approximately $80 million. Two further extension options could lift the total to approximately $240 million over six years and take its workforce beyond 1,000.

AXP Energy has conditionally agreed to acquire seven previously producing Oklahoma wells, surrounding leases and production infrastructure for US$225,000, with a proposed US$1.05 million recompletion program. The transaction could expand AXP’s Oklahoma footprint and support earlier production, but completion, technical results and abandonment liabilities remain unresolved.

Cyprium Metals says direct-injection heap leaching at its Nifty Copper Complex has reached target injection rates, with 212 wells now established across Pad 6. The company remains on track for wet commissioning and first copper cathode production in Q4 2026, although the reported chemistry is still based on early commissioning results.

Li-S Energy has signed an agreement to evaluate its Australian-made lithium-sulfur batteries in Safesky Systems' tactical drone platforms. The collaboration opens a potential defence supply pathway, but commercial orders remain dependent on testing and customer procurement decisions.

Sultan Resources has lodged a prospectus for up to 91.4 million options to existing shareholders, alongside a further 25 million options for lead manager Xcel Capital. The offer brings in little immediate cash but could provide up to $3.43 million if the new options are later exercised.

Echelon Resources has completed the Palm Valley 14 appraisal well as a gas producer after a flow test recorded approximately 3 million standard cubic feet per day with no water or oil. First gas is expected before the end of October, with the well forecast to deliver 3-4 terajoules a day once tied in.

Lotus Resources has executed key documentation for a Mercuria facility providing up to US$30 million in inventory-backed prepayment funding, while only one major approval remains before Kayelekera’s first uranium shipment. Operations are improving, but production remains tied to acid availability and power reliability.

RocketDNA has secured $2.23 million through a strategic placement priced at a 2.4% premium to its last traded price. The funding will support xBot hardware deployment, software engineering, cyber-security accreditation and working capital, while major shareholder Daniel Narayan lifts his stake to 19.5%.