Latest Power News

Pointerra3D delivered its strongest first-quarter customer receipts on record and returned to positive operating cash flow as enterprise deployments broadened across utilities, mining, transport and infrastructure. The ASX-listed software company ended September with A$1.95 million in cash, while several larger opportunities remain at proof-of-value or pending-award stages.

Crimson Consulting Australia has raised its unconditional cash offer for Kip McGrath to A$0.75 per share and secured unanimous board backing. The bid now carries no defeating conditions, but the final control outcome depends on acceptances before the 19 October deadline.

AXP Energy has launched a 1-for-1 non-renounceable entitlement offer seeking between A$1.2 million and A$2.249 million. The funding could support Oklahoma development, but the prospectus also highlights material going-concern uncertainty, creditor dependence and significant dilution for shareholders who do not participate.

Rox Resources says construction of its Youanmi processing plant has reached 39%, while underground development advances towards production drilling at United North. Financial close and a $90.2 million debt drawdown have lifted reported cash to $149.2 million, with first gold still targeted for mid-2027.

Range International has opened a 1-for-1 entitlement offer priced at A$0.09 a share, seeking about A$1.69 million to expand its rental pallet fleet and repay debt. Shareholders who do not participate could see their ownership halve if the offer is fully subscribed.

AXP Energy has conditionally agreed to acquire seven previously producing Oklahoma wells, surrounding leases and production infrastructure for US$225,000, with a proposed US$1.05 million recompletion program. The transaction could expand AXP’s Oklahoma footprint and support earlier production, but completion, technical results and abandonment liabilities remain unresolved.

Cyprium Metals says direct-injection heap leaching at its Nifty Copper Complex has reached target injection rates, with 212 wells now established across Pad 6. The company remains on track for wet commissioning and first copper cathode production in Q4 2026, although the reported chemistry is still based on early commissioning results.

City Chic Collective lifted FY26 underlying EBITDA 92% to $12.3 million despite a 3.1% revenue decline, helped by stronger ANZ trading, higher margins and a leaner cost base. The retailer remains loss-making after tax, but enters FY27 with $5.2 million in net cash and early signs of renewed store momentum.

Li-S Energy has signed an agreement to evaluate its Australian-made lithium-sulfur batteries in Safesky Systems' tactical drone platforms. The collaboration opens a potential defence supply pathway, but commercial orders remain dependent on testing and customer procurement decisions.

DPM Metals produced 97,000 gold equivalent ounces in the third quarter and now expects to reach the high end of its 2026 production guidance. Vareš is running ahead of expectations, but its growth plans remain exposed to an unresolved legal review in Bosnia and Herzegovina.

Sultan Resources has lodged a prospectus for up to 91.4 million options to existing shareholders, alongside a further 25 million options for lead manager Xcel Capital. The offer brings in little immediate cash but could provide up to $3.43 million if the new options are later exercised.

Lotus Resources has executed key documentation for a Mercuria facility providing up to US$30 million in inventory-backed prepayment funding, while only one major approval remains before Kayelekera’s first uranium shipment. Operations are improving, but production remains tied to acid availability and power reliability.