Latest Ipos News

Powerhouse Ventures lifted quarterly pre-tax operating profit 46% to A$340,000 despite difficult microcap conditions, while completing three advisory transactions and launching its first private venture product. The investment house ended September with A$1.40 million in cash, A$5.75 million in listed assets and an estimated six quarters of funding.

WhiteRock Lithium has completed its 19,481-metre Spodumene Mountain drilling campaign, with assays from the first 17 holes confirming thick, high-grade lithium intersections. The ASX-listed explorer is now working towards a maiden Mineral Resource Estimate in the first half of 2027, subject to further assays and geological modelling.

Monvia reported $8.0 million in cash at the end of Q1FY27 and says its sales pipeline expanded, while a new Capgemini teaming arrangement aims to accelerate client opportunities. The quarter also brought $1.6 million of product investment and a fully drawn $6.0 million secured debt facility.

Gwardar Resources has begun trading on the ASX after an oversubscribed $6 million IPO, leaving the explorer with a reported $5.63 million cash position at quarter-end. Its first exploration quarter produced no drilling results, but advanced target generation across two Western Australian projects.

Powerhaus Uranium has moved from ASX debut to field execution, preparing a 4,000-5,000 metre drilling campaign at its Malbec project in Argentina. The explorer ended September with A$7.958 million in cash, but its first field survey produced no significant surface radiometric response and assays are still pending.

Chilwa Minerals finished the September quarter with only A$5,000 in cash, but its completed Nasdaq IPO has since delivered about A$4.5 million net and reopened the funding runway. The company is now pressing ahead with Mpyupyu West and Nakombe drilling, although the key exploration results remain outstanding.

Beforepay Group will replace CEO Jamie Twiss with deputy CEO Kasey Kaplan on 7 December, making an internal succession change as the fintech enters its next growth phase. Kaplan’s package includes A$600,000 fixed remuneration, annual incentives, equity rights and a potential six-year milestone plan worth up to A$10 million.

Orbit Resources has extended its Lewis Ponds exploration story with new sulphide intersections, an out-of-resource Quarry Lode result and improved metallurgical prospects. The progress comes alongside a cash balance of A$1.743 million, equivalent to just 0.89 quarters of funding at the reported expenditure rate.

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.

Chilwa Minerals has expanded its Chilwa project’s heavy mineral sands resource by 56% and added niobium and rare earths to the story. But the annual report also records a larger loss, limited year-end cash and an auditor warning over going concern, despite a subsequent US$3.5 million Nasdaq raising.

Axiant Resources has completed geophysical work that identified new, untested targets beneath and beside historical drilling at its Shoobridge Gold Project. The newly listed explorer held $6.1 million in cash at quarter-end and is preparing to begin its maiden drilling campaign.

Parbo Resources has completed a 4,737-metre maiden aircore programme at Brians Mill less than six weeks after listing on the ASX. The Western Australian explorer is now awaiting assays while a second 7,500-metre programme advances at Mount Padbury.