Latest Processing News

Iondrive has formally entered Oklahoma’s Quality Jobs qualification process, advancing potential US$5.2 million in State and local benefits for its first US rare earth recycling module. The broader incentive framework could exceed US$15 million across three modules, but no funding has yet been awarded.

Firebrick Pharma has secured Philippine marketing approval for Nasodine Nasal Spray as an over-the-counter antiseptic, opening a potential launch in the 116 million-person market from early 2027. The approval remains subject to post-approval documentation and future revalidation.

Dusk Group has carried its FY26 momentum into the new financial year, with like-for-like sales up 7.2% in the first 15 weeks despite operating six fewer stores. The home-fragrance retailer is now preparing a tightly controlled South African launch while an unresolved ACCC court case remains a material complication.

MGX Resources has reported a $30.2 million FY2026 net loss as it winds down Koolan Island and redirects its balance sheet towards the 50%-owned Central Tanami gold project. The company still held $412.1 million in cash and investments at year-end, but its next phase will require execution across approvals, drilling and underground development.

Santana Minerals has moved the Bendigo-Ophir Gold Project closer to development, with a draft Fast-track Approvals decision expected in the December quarter and a competitive project debt process now underway. Strong Rise and Shine drilling and an A$179.7 million quarter-end cash balance provide further support, although construction remains conditional on approvals, financing and a final investment decision.

PLS has approved the A$1.9 billion P2000 expansion, targeting roughly 2 million tonnes a year of spodumene concentrate from Pilgangoora by 2029. The investment comes alongside a 31% increase in contained lithium reserves and a separate underground growth option.

SkyCity has signed a conditional agreement to sell The Grand Hotel and its business assets for $221 million, converting a previously proposed transaction into a binding deal. The proceeds are intended to repay debt, although completion still depends on Overseas Investment Office consent and other conditions.

WIN Metals is positioning Radio as a potential near-term gold operation, but its A$1.99 million cash balance remains far below the estimated A$19 million funding requirement. Deloitte has highlighted a material uncertainty over the company’s ability to continue as a going concern.

Elevate Uranium has reported strong early performance from its Namibia pilot plant while expanding its uranium resource base to 172.8 million pounds attributable to the company. The next test is whether the final flotation stage and technical studies can convert processing gains into a credible development case.

Paradigm has reported a strong pain and function signal for iPPS outside the US, including a 1.105-point advantage over placebo at Day 112. The result does not revive the halted Phase 3 trial, with the company under administration and a potential funding proposal still unreceived.

Cygnus Metals’ takeover by Central Asia Metals has become effective after the Supreme Court of Western Australia approved the scheme and the court orders were lodged with ASIC. Trading in Cygnus shares is being suspended ahead of implementation scheduled for 27 October.

Neometals reported high-grade gold and copper intersections at Barrambie during the September quarter, but its cash position remains tight after drawing a A$2 million secured loan. The company estimated only 1.08 quarters of funding and is still pursuing A$5 million in unpaid placement proceeds.