Latest Power News

Connexion Mobility has secured an exclusive supplier agreement with Hyundai Motor America to design, develop and manage a connected car-powered dealer lot platform across the United States. The strategic win adds a major OEM relationship, but its financial value and dealer uptake remain undisclosed.

Savana US Small Caps Active ETF (ASX:SVNP) fell 7.65% in September, trailing the S&P SmallCap 600 by 4.92 percentage points as higher US bond yields and a concentrated AI rally split the market. The manager says its valuation discipline kept it away from the month’s strongest semiconductor performers, while highlighting a 52% gain from its Everforth investment.

Nuix has returned to statutory profit and generated substantially more cash in FY26, while its Nuix Neo platform became the main engine of growth. The annual report also flags a planned $5 million restructuring, an undisclosed insurance provision and unresolved litigation risks.

SKS Technologies has secured another $38 million of electrical infrastructure and fit-out work at Built’s MEL2 data centre in Melbourne, taking the project’s total value to $66 million. The award lifts SKS’s current work on hand to $270 million, although the announcement does not disclose margins or delivery timing.

EQ Resources has reported its second-highest quarterly production performance and record quarterly revenue, with cash on hand rising 192% to A$82.3 million. Both Barruecopardo and Mt Carbine increased output, although the update does not disclose operating costs or cash flow.

Power Minerals has extended high-grade rare earth oxide mineralisation 57 metres northwest at Brazil’s Morro do Ferro project, with drilling returning 119 metres at 4.94% TREO from surface. The result strengthens the exploration picture, but the deposit’s geometry, metallurgy and economic potential remain to be established.

Stakk has secured a new IBM contract covering AI-powered document processing across Australia and New Zealand, with revenue contribution starting immediately. The agreement runs to September 2027, but its financial value remains unquantified because it depends on processing volumes.

TMK Energy’s Gurvantes XXXV Pilot Well Project delivered record September gas production, with average output rising 8% month on month to 872 cubic metres a day. Workover and drilling rigs are now being mobilised, while a gas-to-power investment decision is due before the end of October.

Toubani Resources says construction of its Kobada Gold Project in Mali remains on schedule for first gold in Q3 2027, with CIL tank erection now underway and more than 70% of project costs committed. About US$50 million of the company’s US$160 million stream facility has been drawn as construction moves into a more intensive phase.

dorsaVi has secured A$3.0 million to expand its movement-data business for humanoid robotics while advancing its neuromorphic and RRAM chip programs. The raise comes as its first RRAM-CMOS validation chip moves into proprietary memory integration at TSMC.

Activeport has secured a stage-one contract worth more than A$1 million to deploy its network orchestration software across Microscan’s 1,800-kilometre pan-India fibre network. The agreement could expand recurring licence revenue, although the timing and scale of that contribution remain undisclosed.

Eden Innovations reported a sharp acceleration in US sales during Q1 FY27, led by a 247% jump in OptiBlend revenue and expanding EdenCrete plant installations. The figures are unaudited management results, but they give the company a stronger opening quarter for the new financial year.