Latest Energy News

Electro Optic Systems (ASX:EOS) has drawn down A$70m to fund the US$36m upfront payment for its MARSS acquisition, which now boasts a €140m earnout cap following a surge in Middle Eastern orders. The deal, pending completion, significantly expands EOS’s counter-drone footprint and order book.

Viridis Mining has delivered strong infill drilling results at its Colossus Rare Earth Project, boosting resource confidence and underpinning an imminent resource and reserve upgrade ahead of a Final Investment Decision in Q3 2026.

Mammoth Minerals delivers multiple high-grade gold, silver, and critical minerals assays at Blue Dick while progressing a maiden resource estimate at the adjacent Buster Gold Trend in Nevada.

Australian Oil Company Limited has completed its first crude oil lifting from the Emu Apple Oil Field, marking a key step in its Surat Basin development with steady production and active exploration underway.

Meridian Energy's April 2026 operating report highlights robust hydro inflows and retail sales growth while electricity futures prices continue to decline.

Advanced Energy Minerals is ramping up its Quebec high purity alumina plant to 3,000 tpa by mid-2026, with plans to double capacity to 6,000 tpa by 2029 amid a tightening global market and supply deficit.

Delorean Corporation has banked a $5.76 million cash refund from the Australian Government’s FY2025 R&D Tax Incentive, underpinning its bioenergy infrastructure growth. Another refund linked to FY2026 expenditure is anticipated next year.

Euro Manganese reveals a strong Preliminary Economic Assessment for its Czech manganese project, highlighting a 48% operating margin and a phased build strategy aimed at meeting soaring battery material demand.

Tamboran Resources has reported record gas flow rates from its Shenandoah South 6H well and secured US$188 million in a capital raise, positioning the company to deliver first gas in the Beetaloo Basin by Q3 2026.

Bayan Mining and US Critical Materials have signed a non-binding MoU to develop rare-earth processing technologies licensed from the Colorado School of Mines, targeting high-grade mineralisation at the Sheep Creek Project in Montana. The collaboration aims to support a US-based rare earth supply chain with potential strategic investment on the horizon.

Dynamic Metals has cleared a key environmental hurdle at its Meentheena Fluorspar Project in Western Australia, completing baseline flora and fauna surveys with no major constraints detected. This progress supports the company’s push to develop a critical mineral resource vital for semiconductor and energy industries.

Worley unveils a medium-term growth strategy through FY30 focused on expanding full project delivery, investing $70 million in AI, and leveraging strategic partnerships amid near-term geopolitical challenges.