Latest Europe News

Knosys has moved its Libero library platform into active US commercialisation, identifying near-term sales opportunities while preparing for its first customer engagements. The push comes as ARR slips to A$8.7 million and a timing-affected quarter leaves the company with 2.03 quarters of estimated funding.

Gowing Bros has reported a $3.49 million FY2026 net loss, with Surf Hardware International remaining deeply loss-making and shopping centre values falling by $3 million. The diversified investment group maintained a fully franked 3 cents per share final dividend as cash declined and borrowings increased.

Element 25 has moved its Butcherbird manganese expansion into physical execution, targeting mechanical completion in the first quarter of 2027 while pursuing a much larger battery-materials strategy. The company is also positioning a planned Louisiana HPMSM facility as a US$166 million-supported foothold in non-China supply chains, although financing and permitting remain outstanding.

AVA Risk Group has opened FY27 with A$6.7 million in quarterly bookings and a 1.2 book-to-bill ratio, while acknowledging that FY26 revenue and profitability fell short of expectations. The company is betting that sharper commercial discipline, US expansion and a broader solutions model can turn a large pipeline into more dependable growth.

Lake Resources has moved its Kachi lithium project into front-end engineering after securing Catamarca’s Environmental Impact Declaration. A A$7.9 million ATM raising lifted quarter-end cash to A$10.1 million, although final capital costs and construction funding remain unresolved.

Atomo Diagnostics has signed an MOU with Innovation Scientific to develop a fourth-generation HIV rapid test using its Galileo cassette. The project could add a new product to Atomo’s pipeline, but regulatory approval, clinical work and definitive commercial agreements remain outstanding.

AoFrio’s nine-month revenue fell 20% to NZ$50.3 million as motor sales plunged, while EBITDA dropped to NZ$0.8 million. The NZX-listed refrigeration technology company is relying on new US bottler orders, Food Retail expansion and its IoT platform to support a more profitable 2027.

Innovaero Technologies has reported a $5.917 million FY2026 loss as it prepares to scale OWL drone production after its ASX debut and $40 million capital raise. The annual report shows a better-funded business, but one still reliant on government contracts, certification and forecast production work.

Hastings Technology Metals has completed its 49% acquisition of a Thai hydrometallurgical plant, with upgrades targeting 12,000 tonnes per annum of Mixed Rare Earth Chloride output. The company now faces the harder test: commissioning the facility, securing customers and converting a contracted feedstock position into sales.

Avecho has resumed recruitment for the final cohort of its pivotal Phase III insomnia trial after an interim review supported continuing at the original 519-participant target. The biotechnology company is also pursuing international licensing while holding $5.3 million in cash.

Nico Resources has completed about 70% of a 6,000-metre infill drilling program at its Wingellina nickel-cobalt project, with initial assays expected in November. The technical progress comes as nickel and cobalt prices weaken and a proposed downstream partnership remains non-binding.

Iluka Resources delivered higher contracted zircon pricing and reduced mineral sands net debt in the September quarter, while the Eneabba rare earths refinery reached 65% construction completion. The update also showed the execution risks still attached to Balranald and a prolonged shutdown of synthetic rutile capacity.