Latest Defense News

Lindian Resources has locked in a US$20 million funding facility and a 15-year offtake agreement with Iluka Resources, cementing a strategic partnership that advances the Kangankunde Rare Earths Project and links supply to Australia’s Eneabba refinery.

RareX Limited reports exceptional high-grade gallium intercepts at its Cummins Range deposit, reinforcing its position as a leading Australian source amid a tightening global market. The company is advancing processing strategies to capitalise on gallium’s rising strategic importance.

G50 Corp has identified sericite as the primary host mineral for gallium at its Golconda Project, marking a pivotal step toward developing a domestic US supply of this critical metal. Recent drilling confirms consistent high-grade gallium alongside precious metals, advancing commercial extraction prospects.

Nanoveu Limited advances its proprietary 16nm ECS-DoT chip fabrication, targeting completion by Q4 2025, supported by a strategic partnership and expanded engineering teams across multiple continents.

Nimy Resources has appointed NYSE-listed M2i Global to spearhead its US government funding strategy, targeting key grants and loans to advance its gallium projects. This partnership aligns Nimy with critical supply chain initiatives in the United States.

Electro Optic Systems (EOS) has landed a landmark €71.4 million contract from a European NATO member for its pioneering 100kW high-power laser counter-drone system, marking the first export of this class of directed energy weapon.

NIMY Resources has reported exceptional high-grade gallium assay results from its Block 3 prospect within the Mons Project, positioning itself as a key player amid global supply constraints driven by China's export ban.

Argo Investments has announced a record fully franked final dividend of 20 cents per share, marking an 11.1% increase, supported by a full-year profit of $259.8 million and strong portfolio performance.

Nagambie Resources has raised $1.2 million through a strategic placement to fund further diamond drilling and update its mineral resource estimate at the Nagambie Mine. The capital raise includes options that could inject additional funds over the next three years.

Locksley Resources has raised $5.3 million in an oversubscribed placement led by Tribeca Investment Partners, bolstering its U.S. critical minerals strategy focused on antimony and rare earths at the Mojave Project.

Recce Pharmaceuticals advances its clinical pipeline with expanded Phase 3 trials in Indonesia and Australia, backed by a $15.8 million capital raise and a $30 million debt facility.

Resolution Minerals has expanded its critical minerals footprint with the acquisition of the Horse Heaven Project in Idaho, complementing its Australian assets and setting the stage for a NASDAQ listing.