Latest Ipos News

SCX.ai has reported positive operating cash flow in its first quarter as an ASX-listed company, alongside a 54% increase in annualised recurring revenue since its prospectus. The sovereign AI infrastructure provider also has more than 100 commercial customers and $23.9 million in cash, but its next test is converting new capacity and partnerships into durable revenue.

Almasar Minerals ended its first post-listing quarter with A$10.24 million in cash and a pipeline of geophysical surveys and auger drilling across its Saudi Arabian licences. The company has yet to report new exploration results, leaving execution and target quality as the next tests for the newly listed explorer.

Alurion Resources has moved its Amargosa bauxite project into a field development program after completing its A$50 million IPO and ASX listing. Drilling, bulk sampling and logistics work are now feeding a direct-shipping-bauxite pre-feasibility study targeted for mid-2027.

Jacaranda Natural Resources has lodged a replacement prospectus for an $8 million ASX float targeting copper, gold and copper-nickel exploration in Queensland and Botswana. The offer remains conditional, ununderwritten and highly speculative, with the company warning that its ability to continue as a going concern depends heavily on a successful raise.

Wiluna Mining has repaid its remaining approximately $40 million Byrnecut loan from IPO proceeds, leaving the gold developer with no secured debt or borrowings. The company now plans 220,000 metres of drilling over two years to support potential underground and open pit restarts.

Innovaero has reported A$3.6 million of first-quarter revenue and A$42.9 million in cash in its first post-listing quarterly update. Its core OWL-B program remains on track for Australian Defence Force certification in March 2027, but any customer order remains conditional on that milestone.

Neu Horizon Uranium has defined a more than 2 km electromagnetic conductor at Storvallflon, where five exploration datasets converge on the strongest surface uranium response recorded during its 2026 campaign. The ASX-listed explorer plans 4,000 metres of diamond drilling in the first quarter of 2027, subject to approvals.

Bentley Capital returned to profit in FY2026 after receiving $300,000 from legal-cost and deposit settlements. The result lifted net tangible assets, but the listed investment company remains heavily dependent on Strike Resources and has limited cash relative to its liabilities.

Neu Horizon Uranium has completed its first major Swedish uranium exploration campaign since listing, generating more than 12,000 line kilometres of airborne data and preparing a maiden drill programme at Storvallflon. The ASX newcomer ended September with A$8.623 million in cash, while assays and target interpretations remain pending.

WAM Active estimates its pre-tax NTA at $0.84 per share after October volatility hit small-cap resources and technology holdings. The listed investment company has declared 5.2 cents per share in fully franked dividends, while its Firmus Technologies valuation remains unchanged after the startup withdrew its IPO.

M Battery Materials has lodged a prospectus for a $15 million to $25 million IPO, taking its proposed acquisition of LE Minerals’ Queensland graphite assets into a more concrete phase. The transaction still requires LE Minerals shareholder approval and successful ASX admission.

DigiCo Infrastructure REIT has secured a 15-year, 71MW contract with a global technology firm, taking its SYD1 data centre to full contracted capacity. The agreement supports a fully funded 52MW expansion and extends the Australian portfolio’s weighted average lease expiry beyond 10 years.