Latest Materials News

Core Lithium Ltd (ASX: CXO) has awarded a $50 million surface mining contract to NRW Pty Ltd to restart open pit mining at the Grants deposit within its Finniss Lithium Operation, targeting ore production from May 2026 and spodumene concentrate shipments by December.

Cue Energy Resources Limited’s Independent Board Committee has unanimously advised shareholders to reject Horizon Oil Limited’s off-market takeover offer, citing undervaluation and significant risks. Shareholders are urged to take no action in response to the offer.

Patagonia Lithium Ltd (ASX:PL3) has announced positive exploration results from Well JAM 25-05 at its Formentera Lithium Project in Argentina, with core analysis revealing porosity values above regional averages and lithium assays ranging from 156ppm to 219ppm. These findings may support an expansion of the company’s Mineral Resource Estimate (MRE).

Advanced Innergy Holdings Ltd (ASX:AIH) has entered an exclusivity deed with Matrix Composites & Engineering Ltd (ASX:MCE) following a non-binding indicative offer to acquire all MCE shares at $0.40 each. The exclusivity period extends to 28 April 2026, allowing AIH to negotiate binding terms exclusively as part of its strategy to expand in subsea technologies and manufacturing in the Asia-Pacific region.

Bank of Queensland (ASX: BOQ) has announced a strategic capital partnership with Challenger Limited (ASX: CGF), involving a $3.7 billion whole-of-loan sale and a forward flow arrangement for equipment finance assets. The deal aims to optimise BOQ’s funding base, support SME equipment finance growth, and enable capital returns to shareholders.

Infragreen Group Limited (ASX:IFN) has launched a strategic review to explore options for enhancing shareholder value following a decline in its share price despite solid earnings growth and a positive business outlook.

Matrix Composites & Engineering Ltd has entered into an exclusivity deed with Advanced Innergy Holdings Limited (ASX: AIH) following AIH's non-binding proposal to acquire all Matrix shares at $0.40 each. The exclusivity period extends until 28 April 2026, during which AIH has exclusive due diligence rights.

Metallium Limited has completed Phase I of a U.S. Department of War SBIR contract, demonstrating its Flash Joule Heating technology can recover gallium from semiconductor and electronic waste. The program finished in six months, underscoring the technology’s readiness and aligning with U.S. strategic supply chain goals.

MLG Oz Ltd has announced three new and extended contracts with major mining companies, collectively expected to generate around $20 million in annual revenue. These include a five-year extension at Gruyere, a multi-site mobile crushing contract with Northern Star, and a civil construction project with Endurance Mining.

BluGlass Limited (ASX: BLG) has entered a A$1.3 million strategic collaboration with a Fortune 500 global data storage company to advance photonics research using its proprietary visible laser technology.

Capricorn Metals delivered 30,358 ounces of gold in Q3 FY26 at the Karlawinda Gold Project, aligning with its mine plan and progressing the Karlawinda Expansion Project with peak construction activity.

Summerset Group Holdings Limited reported a 34% increase in new occupation right sales in the first quarter of 2026 compared to the same period last year, alongside a 19% rise in resales. Despite rising fuel prices linked to geopolitical tensions, the company maintains a strong sales pipeline and cost management strategies.