Latest It Infrastructure News

Klevo Group has reported a sharp FY2026 turnaround, with revenue up 324%, positive operating cash flow and cash rising to A$4.32 million. The more striking claim is its KLVR stablecoin platform, which has recorded USD 59.2 million in unaudited revenue since trial commencement ahead of a planned commercial rollout.

Alma Metals is pushing the Briggs Copper Project through a substantial drilling and metallurgical program, with a 2027 resource update planned to support a prefeasibility study. The project’s 932Mt resource contains about 2Mt of copper, but the company still faces the usual funding, technical and development hurdles of a large undeveloped mine.

Quixxi has secured a four-year A$635,238 contract with a major Italian industrial group for its Clarity AI governance platform. The win strengthens the case for WhiteHawk’s proposed acquisition, but WhiteHawk will not benefit financially unless shareholders approve the deal and completion follows.

Nutritional Growth Solutions has completed its acquisition of Sprout Organic, installing founder Selasi Berdie as CEO and reshaping the group around infant, toddler and children’s nutrition. The deal lifts shares on issue to 964 million, while management targets A$870,000 in annualised savings.

Riversgold has lodged the Mine Development and Closure Proposal for its Northern Zone open-pit project near Kalgoorlie, moving the planned mine into its final major approval phase. The project remains conditional on regulatory sign-offs, but MEGA Resources is set to fund development under an extended cooperation agreement.

KGL Resources has awarded Sedgman the design, procurement and construction contract for the processing plant at its Jervois Copper Project, moving the Northern Territory development closer to a final investment decision. The expanded scope includes early installation work for future plant additions, while KGL says the contract remains consistent with its baseline cost and schedule assumptions.

Tolu Minerals has set out a Q1 2027 restart target for its Tolukuma gold-silver mine in Papua New Guinea, backed by a recently upgraded 909,000-ounce resource and refurbishment of an existing processing plant. The company says it has sufficient funding to reach production, but the timetable remains dependent on mine development, plant work and operating execution.

Ampol will acquire Evie Networks for $225 million in a debt-funded deal that would more than triple its public charging footprint to approximately 1,425 bays. The transaction offers a faster route into Australia’s expanding EV infrastructure market, but its earnings case depends on regulatory clearance, integration and rising utilisation.

Lenders to Sheffield Resources’ Thunderbird joint venture have extended repayment deferrals and covenant waivers until 31 October 2026, buying more time for debt restructuring talks. A proposed standstill could defer Kimberley Mineral Sands’ obligations until June 2027, but has not yet been agreed.

Civmec delivered double-digit earnings growth in FY26, with its new defence arm helping lift the order book to A$1.4 billion. The stronger profit came alongside a sharp working-capital squeeze that left operating cash flow negative after investment in growth.

FortifAI has emerged from its first year as an AI infrastructure company with $20.4 million in cash, but a $29 million statutory loss and sharply lower gaming revenue. The company now needs to turn NOL8’s early testing and partnerships into commercial adoption before its cash-backed growth strategy faces a harder test.

International Graphite has moved its graphite processing strategy from plans towards construction and joint ventures, but the FY2026 annual report shows the company remains loss-making and reliant on external funding. Collie is scheduled for building completion in Q2 2027, while the proposed European hub still requires financing and development work.