Latest Equipment Finance News

Develop Global has commenced concentrate production and cashflow at its Woodlawn copper/zinc mine, marking a significant milestone in its strategy to become a leading ASX copper and base metals company.

Solvar Limited has taken a strategic step by acquiring a 19.9% stake in Earlypay Limited, aiming to broaden its footprint in the SME finance sector. This move aligns with Solvar’s focus on underserved commercial markets.

Earlypay Limited has lowered its FY25 earnings guidance due to weaker-than-expected invoice finance usage, while signaling ongoing talks about a potential change of control.

Aguia Resources reported a challenging Q1 2025 cash flow, ending the quarter with just AUD 1.2 million in cash and less than half a quarter of funding available. The board remains confident in raising capital to sustain mining and exploration activities at Santa Barbara Mine.

Vulcan Energy Resources reported a €12.8 million net cash outflow from operations in Q1 2025 but maintains strong liquidity with nearly €79 million in cash and €10 million in unused credit facilities.

Alkane Resources delivered steady gold production and cash flow in Q3 FY2025 at Tomingley, while announcing a transformative merger with Mandalay Resources to build a diversified Australian gold and antimony producer.

Pure Foods Tasmania has executed key loan extensions with Commonwealth Bank and outlined a comprehensive turnaround strategy to address its financial challenges, despite ongoing material uncertainty over its going concern status.

Alliance Aviation Services has reported a robust half-year performance with a 9.5% increase in statutory profit before tax and record flight hours, underpinned by fleet expansion and strong wet lease demand.

Energy Technologies Limited reported a 17.5% increase in unaudited sales revenue for 2Q FY2025, driven by a new cable supply contract and a robust order book, signaling positive momentum amid a strategic business plan revision.

Metal Bank Limited reported a net cash outflow of $161,000 for the December 2024 quarter, maintaining $1.2 million in cash reserves supported by recent financing activities.

Sky Metals Limited reported its December 2024 quarterly cash flow, revealing ongoing exploration expenditures alongside a robust cash position of A$6.375 million.

Murray Cod Australia Ltd has secured a $43 million funding package from Westpac, advancing its Stanbridge site construction and expanding its biomass. The company also initiated exports to Thailand and is progressing towards entry into the Chinese market.