Latest Defence Technology News

Lodestar Minerals has agreed to acquire a major heavy rare earth element project in Arizona, positioning itself near the US's only active rare earth mine amid tightening Chinese export controls. The $3.25 million placement backs immediate exploration plans.

DroneShield has promoted Angus Harris to Chief Technology Officer, reinforcing its leadership as it scales to meet rising global demand in defence markets. Meanwhile, Angus Bean shifts to Chief Product Officer to sharpen the company’s product strategy.

Aurora Labs has partnered with Sovereign Propulsion Systems to advance testing and commercialisation of its novel turbine engines for defence applications, marking a significant step in UAV propulsion innovation.

Aurora Labs has raised $5.5 million through a strategic placement, partnering with Sovereign Propulsion Systems to advance its drone propulsion technology and expand manufacturing capabilities.

Li-S Energy has partnered with Praetorian Aeronautics to integrate advanced lithium-sulfur batteries into autonomous interceptor drones, aiming to boost Australia's sovereign defence capabilities.

DroneShield is investing $13 million over three years to open a new counter-drone research facility in Adelaide, marking a key step in its global growth and technology development.

Vection Technologies secures a $7.8 million initial order under a $22.3 million multi-year framework with a NATO-approved European defence partner, reinforcing its role in the defence XR market.

Aurora Labs has secured a $450,000 Phase 2 contract from the Australian Department of Defence to prototype a high-thrust, fuel-efficient propulsion system for unmanned aerial systems, building on its innovative 3D metal printing technology.

Magnum Mining & Exploration Limited is set to begin auger drilling on its Azimuth 125 Rare Earth Elements project in Brazil, targeting 19 high-priority ionic clay REE areas identified through radiometric and geological analysis.

Magnum Mining & Exploration reports exceptional rare earth element recoveries from early leach tests at its Palmares REE Project in Brazil, highlighting strong potential for high-value magnet materials and a tier-one discovery.

VEEM Limited has completed a $14 million placement to accelerate its growth in the defence sector, highlighted by a new 9-year manufacturing licence agreement with Northrop Grumman valued initially at US$33 million. This positions VEEM alongside major US defence contractors and signals a significant step into the expanding submarine and naval supply chains.

Vection Technologies has landed a $22.3 million multi-year framework agreement with a NATO-approved European defence partner, boosting its defence program value to $40 million through 2030.