Latest Government It News

Revolution Private Credit Income Trust has reported a solid $3.4 million operating profit for its inaugural half-year period, delivering a net return of 0.93% since listing and outperforming its benchmark. The Trust also declared a distribution of 0.35 cents per unit for October 2025.

Resources & Energy Group Limited has raised $2 million to fund drilling and production expansion at its East Menzies Gold Project, following a year of significant operational milestones.

Sierra Nevada Gold (ASX – SNX) has won the rights to explore the expansive As Safra copper-gold project in Saudi Arabia, marking a strategic expansion into a high-potential mining district aligned with the Kingdom’s Vision 2030 ambitions.

Recce Pharmaceuticals has won a significant Australian Government R&D tax incentive, unlocking up to A$85 million for its synthetic anti-infective programs worldwide, including a pivotal Phase 3 clinical trial.

HITIQ Limited has successfully completed the initial tranche of a $900,000 placement, issuing over 40 million shares with attached options, while director participation awaits shareholder approval.

Viking Mines Ltd is set to acquire six tungsten projects in Nevada, including the historically productive Linka Project, supported by a $750,000 investment from American Tungsten Corp. This move positions Viking to tap into critical mineral demand amid soaring tungsten prices and geopolitical supply risks.

The Star Entertainment Group announces the departure of CEO Steve McCann, with Executive Chairman Bruce Mathieson Jnr stepping in during the search for a new leader. This leadership change follows a strategic investment by Bally’s Corporation, signaling a new chapter for the company.

Augustus Minerals announces the sudden resignation of CEO Dr James Warren, with interim leadership stepping in as the company begins its search for a successor.

Sovereign Metals has entered a strategic collaboration with the International Finance Corporation to advance sustainable development and financing of its Kasiya Rutile-Graphite Project in Malawi.

Fiducian Group’s subsidiary Fiducian Investment Management Services Limited has filed a defence after ASIC initiated civil proceedings alleging misleading disclosure and compliance failures related to a managed fund.

Pacific Lime and Cement Limited has secured a strategic advisory partnership with the International Finance Corporation to advance Papua New Guinea’s inaugural vertically integrated clinker and cement production project.

MetalsGrove Mining Limited has been granted the Vavoua gold exploration permit in Côte d’Ivoire, advancing its strategic foothold near the Abujar gold mine. An initial soil sampling program using cutting-edge PortablePPB technology is set to commence early next year.