Latest Defense News

Codan Limited reported a strong FY25 with significant revenue and profit growth, bolstered by a key U.S. acquisition and a robust outlook for FY26 driven by defense spending and gold market strength.

Noxopharm Limited has been granted its first US patent for the Sofra™ technology platform, marking a key milestone in its cancer immunotherapy research. This patent protects the company’s innovative immune-modulatory oligonucleotides, underpinning its expanding pipeline in a rapidly growing market.

Region Group delivered solid financial results for FY25 with modest growth in funds from operations and assets under management, while announcing a planned CEO retirement and maintaining positive guidance for FY26.

Arafura Rare Earths has secured a non-binding Letter of Interest from the US Export-Import Bank for up to US$300 million to support its Nolans Project, enhancing the US rare earth supply chain and national security.

Northern Minerals has received coordinated, conditional support from Australian and US government agencies for up to US$230 million in funding to develop its Browns Range heavy rare earths project, a key step in diversifying global supply chains.

Latrobe Magnesium Limited has received a non-binding Letter of Interest from the U.S. Export Import Bank to finance up to A$200 million for its Stage 2 Commercial Magnesium Plant, aiming to strengthen critical mineral supply chains for the U.S.

CuFe Ltd has revealed significant high-grade bismuth mineralisation at its Orlando deposit near Tennant Creek, prompting a resource update that could enhance the project's strategic value amid global supply constraints.

Krakatoa Resources is advancing its Zopkhito Antimony-Gold Project in Georgia with innovative drone LiDAR surveys and dual diamond drilling, moving closer to a maiden JORC resource amid rising demand for critical minerals.

United States Antimony Corporation has made a non-binding indicative offer to acquire Larvotto Resources at a significant premium, proposing a strategic merger focused on antimony supply chain security and growth.

EV Resources has secured a 150-tonne-per-day processing plant near its Los Lirios project, fast-tracking antimony production and positioning itself as a key North American supplier.

Australian Strategic Materials secures A$50.8 million via share placement to fund Korean plant expansion and advance US metals project, while navigating complex supply chain and funding risks.

Metal Powder Works Limited (MPW) has landed a $1 million contract with the US Navy for its innovative expeditionary DirectPowder™ unit, while expanding its alloy portfolio and customer base amid a $15 million capital raise.