Latest Electric Vehicles News

COG Financial Services reported a modest 1% revenue increase and stable underlying profits for FY25, driven by strong Novated Leasing growth and key acquisitions, while cutting its final dividend and shifting focus to EBITDA.

COG Financial Services reported a slight dip in net profit after tax but saw strong growth in its Novated Leasing segment, alongside strategic acquisitions and a steady dividend.

Sayona Mining reports a 124% surge in Ore Reserves at its North American Lithium operation, alongside an 8% Mineral Resource increase, reinforcing its position in the North American lithium market.

COG Financial Services Limited reported a 23% increase in net profit after tax to $18.8 million for FY2025, driven by growth in novated leasing and asset management segments. The company declared a fully franked final dividend of 3.0 cents per share, reflecting a strategic shift towards broking capabilities.

Lincoln Minerals Limited is gearing up for drilling at its Minbrie copper-base metals project in South Australia, while reporting robust financial metrics for its graphite and high purity iron projects.

Story-i Limited has agreed to acquire LIT Energy Network Australia for AUD 8 million, targeting Vietnam’s booming electric motorcycle market. The deal comes as Story-i prepares for ASX delisting and a $5 million capital raise.

IRIS Metals has confirmed high-grade lithium mineralisation at its Edison Project in South Dakota, revealing promising drill results that bolster its US development ambitions. The company plans further drilling and an economic study to advance its lithium portfolio.

Critica Limited has dispatched an upgraded composite concentrate from its Jupiter Project to ANSTO for independent hydrometallurgical testing, aiming to produce a Mixed Rare Earth Carbonate (MREC). Complementary assessments by Minutech will help optimise processing routes and support upcoming feasibility studies.

Genesis Energy reported a robust FY25 with a 14% rise in normalised EBITDAF and a 29% jump in net profit, driven by strategic portfolio flexibility amid volatile energy markets. The company accelerated its Gen35 strategy, including key renewable projects and long-term capacity contracts to bolster New Zealand’s energy security.

Enova Mining confirms significant rare earth mineralisation at its East Salinas Project in Brazil, with rock chip assays reaching up to 2.17% TREO and elevated NdPr oxide ratios. The company is poised to commence diamond drilling to test these promising targets.

Sayona Mining has significantly increased the Mineral Resource and Ore Reserves at its Moblan Lithium Project in Quebec, reinforcing the project's long-term viability amid rising lithium demand.

Global Lithium Resources has been granted a 21-year mining lease for its Manna Lithium Project, significantly de-risking the venture and accelerating its path to a final investment decision.