Latest Equipment Procurement News

Lion Energy Limited reports strategic progress on its East Seram drilling plans and limits spending on its Port of Brisbane Green Hydrogen Project pending government funding, while divesting a stake in the Seram Non-Bula PSC to reduce exposure.

Andromeda Metals has made substantial strides in funding and technical development for its Great White and High Purity Alumina projects, including a $75 million debt facility nearing finalisation and a $13 million share placement.

Astron Limited has achieved major milestones for its Donald Rare Earth and Mineral Sands Project, including government recognition and conditional financing, setting the stage for a Final Investment Decision by year-end.

QPM Energy has made significant strides in advancing its 112MW Isaac Power Station, securing major financing and operational milestones that position it well for mid-2027 commissioning.

Andromeda Metals has launched a $15.5 million capital raising, including a $2.5 million Security Purchase Plan, to accelerate development of its Great White Project and advance HPA production.

Theta Gold Mines has launched a $2 million Share Purchase Plan at a discounted price of $0.21 per share, inviting eligible shareholders to invest in the advancement of its flagship TGME Gold Project in South Africa.

Andromeda Metals has raised $13 million through a placement and launched a $2.5 million Security Purchase Plan to accelerate development of its Great White and High Purity Alumina projects.

HyTerra Limited reports encouraging hydrogen and helium gas flows from its McCoy 1 well in Kansas, setting the stage for a production test in 2026.

Theta Gold Mines Limited has locked in a substantial A$51.4 million funding package combining debt and equity to advance construction of its TGME Gold Project in South Africa. This milestone funding sets the stage for the company’s next phase despite recent revisions to its production forecasts.

Medallion Metals has taken a crucial step forward by ordering a secondary ball mill to upgrade the Cosmic Boy Concentrator, underpinning its Sulphide Production Strategy and advancing its feasibility study toward a final investment decision.

Tetratherix Limited reported a $9.4 million statutory loss for FY25 amid significant R&D and operational investments, successfully listing on the ASX and progressing multiple clinical and manufacturing initiatives.

MLG Oz Limited reported a 15.5% increase in revenue to $548.3 million and a 10.7% rise in net profit after tax to $12.1 million for FY2025, driven by new contract wins and improved margins in the second half. Despite strong financials, the company declared no dividend for the year.