Latest It Services News

Pivotal Metals has launched a new exploration program at its Belleterre-Angliers Greenstone Belt projects in Quebec, aiming to uncover high-grade copper-nickel-platinum group metal deposits using advanced geophysical techniques and AI analysis.

NEXION Group Ltd has issued 700,000 convertible notes to raise $70,000, supporting costs for a proposed acquisition. The notes carry a 10% interest rate and may convert to shares pending shareholder approval.

Qualitas Real Estate Income Fund (QRI) has announced a distribution of 1.0664 cents per unit for June 2025, translating to an annualised return of 8.11% based on net tangible assets. The fund continues to focus on Australian real estate loans secured by mortgages.

Scalare Partners is set to acquire Tank Stream Labs, a leading flexible workspace provider for tech companies, in a $5.5 million deal that deepens its engagement with early-stage technology startups. The acquisition, pending shareholder approval, aims to broaden Scalare’s service offerings and accelerate growth within Australia’s tech ecosystem.

Bowen Coking Coal Limited (BCB) has responded to ASX inquiries about its liquidity challenges, working capital needs from transitioning to an owner-operator model, and deteriorating operating margins, affirming compliance and financial viability despite market pressures.

West Wits Mining appoints CEO Rudi Deysel as Managing Director and adds Keith Middleton as non-executive director, while veteran board member Hulme Scholes retires after 14 years. These changes come as the company transitions into operational gold production at its Qala Shallows project in South Africa.

Otto Energy has announced the resignation of its Acting CEO, Phil Trajanovich, after a year in the role. The board is now actively seeking a permanent replacement to lead the company forward.

Clever Culture Systems has sold its APAS Independence instrument to Novo Nordisk for a comprehensive evaluation across the pharmaceutical giant’s manufacturing network, marking a key step in its global sales strategy.

Orcoda Limited has locked in six new multi-year SaaS contracts with Australian community transport providers following a successful government-backed trial, pushing its annual recurring revenue to approximately $5 million.

MyEco Group Ltd reported an 8.6% rise in FY25 sales driven by strong growth in its global MyEco® product line and new UK retail partnerships, while navigating challenges in resin markets and US tariffs.

Iris Cairns Property Pty Ltd has agreed to acquire Reef Casino Trust in a $177 million cash takeover bid, endorsed unanimously by the Reef Casino Trust board and its largest unitholders.

Bayan Mining and Minerals has expanded its footprint in California’s Mountain Pass district by staking 45 new lode claims near two major mineral deposits, positioning itself for rare earth and gold exploration in a highly prospective corridor.