Latest Government It News

Kingfish Limited posted a $13.6 million net loss for the year ended 31 March 2026, with portfolio returns lagging the benchmark amid geopolitical tensions and AI sector uncertainty.

PointsBet’s FY26 nine-month report reflects a transitional period marked by MIXI’s 66.4% takeover, a slight revenue dip to AUD 186.6 million, and a near breakeven normalised EBITDA. Australian revenue softened by 4%, while Canada grew 13% driven by iGaming momentum.

Pathkey.AI has finalised its takeover of Chipforge, an AI-driven semiconductor design company, issuing shares and performance rights as consideration. The move broadens Pathkey's AI platform capabilities from clinical trials into semiconductor engineering, aiming to shorten chip development cycles significantly.

Unity Metals Limited’s shares surged from 6.8 cents to 17 cents on 23 June 2026, prompting an ASX inquiry. The company denies any undisclosed information behind the spike and confirms compliance with continuous disclosure rules.

1414 Degrees has secured $8.45 million in a placement to advance its silicon battery technology and renewable energy projects, targeting drone, defence, space, and data centre markets.

Aland Equity Group has locked in long-term funding rights over the Chinnerys residential project near Canberra, embedding a 30% gross profit margin into acquisition pricing and positioning itself as fund manager and co-investor.

ClearVue Technologies has boosted its capital raising to $6.25 million, with significant board participation and revised loan terms, while its Gen 3 Vision Glass secures crucial EN 1279-5 certification.

Western Australia's State Government has backed VRX Silica's land swap proposal at Muchea, unlocking access to a significantly larger high-grade silica sand resource with lower environmental impact and paving the way for downstream glass manufacturing.

Quinbrook Asset Management has lodged a review application challenging a recent Takeovers Panel decision involving Kingsland Minerals. The Panel President has approved the application, but no review Panel has been formed yet.

Elementos Limited has secured a key regulatory milestone as the Regional Government of Andalucía grants its Oropesa Tin Project Overriding Public Interest status, easing the path for critical water licensing and advancing permitting certainty.

Australian Mines appoints Andrew Nesbitt as Managing Director and adds two new Non-Executive Directors, while unveiling a 1-for-5 share consolidation and director incentives linked to key project milestones.

Transurban and NSW Government will replace paper toll notices with digital alerts, removing administration fees and streamlining unpaid toll enforcement on Sydney roads from July 2026.