Latest Distribution News

Control Bionics has begun converting its expanded product and regulatory pipeline into revenue, while a completed $9.75 million capital raising gives the company a larger cash buffer. The next test is whether partner-led sales and NeuroStrip trial conversions can reduce its cash burn as planned.

Po Valley Energy delivered record September-quarter revenue and €2.52 million of net production cash flow, despite moderating Podere Maiar-1 output to manage rising formation water. The ASX-listed gas producer is also moving its next Italian drilling programme through environmental approvals while weighing how to fund development without dilution.

Skin Elements has converted its New Zealand Farmlands agreement into a first NZ$150,000 ECO-Nurture delivery, while A$900,000 in placement proceeds lifted quarter-end cash to A$1.455 million. The commercial progress comes alongside a cost review and a regulatory hurdle still standing between the company and broader national sales.

Red Hill Minerals collected A$6.0 million from its Onslow Iron royalty in the September quarter while maintaining A$58.7 million in cash after paying a fully franked dividend. Exploration also advanced across copper, gold and base metals, although several results remain early-stage and require further drilling.

Lion Rock Minerals has reported high-grade, surface-starting rare earth mineralisation at Minta Est, including 4.54% TREO over 2.3 metres and a 21.15% TREO saprolite interval. The results add a second exploration stream to its expanding Cameroon rutile province, although the company’s A$4.55 million cash balance provides an estimated 2.1 quarters of funding at the latest burn rate.

Vantage Metals has intersected the key geological contact targeted by its maiden Botswana drilling campaign, with trace copper sulphides observed and assays pending. The exploration progress comes alongside A$723,000 in quarter-end cash, equivalent to just 0.3 quarters of estimated funding at the reported outflow rate.

Peppermint Innovation’s Philippine payments business delivered a sharp September-quarter acceleration, with customer receipts rising to A$1.18 million and operating cash outflow falling 55%. The company says early October volumes have already exceeded September’s full-month total, while ASX reinstatement remains conditional.

Octava Minerals is pursuing a staged Argentine fluorspar option while its auditor flags material uncertainty over the explorer’s ability to continue as a going concern. The company ended September with A$322,000 in cash and is relying on shareholder-backed funding to advance both the new project and its Byro critical minerals target.

Comvita has moved from NZ$62.4 million of net debt to NZ$0.5 million of net cash in a year, while FY27 first-quarter sales rose 4.6%. The sharper test now is whether its operating reset can convert a stronger balance sheet into durable shareholder returns, with no FY27 dividend expected and board control still contested.

Dexus has forecast lower FY27 earnings while refocusing its business on office, industrial, retail and selected alternatives. The ASX-listed real estate group is also targeting more than A$2 billion of capital release, but remains exposed to infrastructure fund liquidity issues and the unresolved APAC appeal.

Thrive Tribe Technologies has made progress on its defence and veteran software ambitions, but ended September with just A$20,000 in cash after a A$573,000 operating outflow. Its proposed A$2 million placement remains uncommitted and requires shareholder approval in November.

European Lithium has confirmed that each eligible EUR option will convert into 0.0353158621 new Critical Metals shares under the now-effective acquisition scheme. Holders of 991 or fewer options will instead receive cash from the sale of their entitlement.