Latest Produce News

HeraMED has moved its Lee Health digital maternity program from a six-month pilot into a paid deployment covering an initial 200 mothers. The milestone brings commercial revenue, but the company still faces a short cash runway as it works to scale the US rollout.

TZ Limited reduced net operating cash outflow to $275,000 in the September quarter, but ended with just $185,000 in cash against $5.055 million of drawn debt. The company says it has received funding proposals from more than one party, though no transaction has been completed.

McPherson’s has entered FY27 with first-quarter sales about 11% below the prior corresponding period, after a disappointing FY26 loss and a costly operating transition. The company says EBITDA growth remains achievable, but its transformation now faces a test of execution and leadership change.

Vintage Energy’s September quarter exposed a sharp liquidity squeeze, with unrestricted cash falling to $0.53 million and estimated funding covering just 0.7 quarters. The company is still advancing two gas wells and has accepted a new Queensland exploration tenement, but both initiatives depend on securing additional capital.

Central Petroleum’s first new Palm Valley well is producing around 0.5 TJ/d, well below pre-completion expectations of 3-4 TJ/d, with water loading a possible cause. Cash fell to $14.9 million as drilling costs rose, leaving the company reliant on a planned clean-out and the next well, PV15, to restore momentum.

Lion Selection Group’s FY2026 profit fell sharply from the prior year, but its Australian resources portfolio continued to expand, with post-tax NTA reaching 109.6 cents per share by 30 September. The investment company says its portfolio is positioned for an early-stage mining boom, while market valuations and unresolved litigation remain key risks.

NoviqTech says its Great Barrier Reef biochar project has passed harvesting, laboratory and Isometric eligibility assessments, while a potential offtake could cover at least 70% of planned credits. But the company ended September with A$151,000 in cash, an estimated 2.57 quarters of funding and no guarantee of returning to the ASX.

Eden Innovations opened FY27 with US sales more than doubling to US$381,612, led by a sharp rise in OptiBlend orders and expanding EdenCrete plant installations. The company ended September with A$4.3 million in cash and no third-party debt, but still used A$892,000 in operating cash during the quarter.

Cokal has resumed mining and hauling at its 60%-owned Bumi Barito Mineral project after delayed Indonesian regulatory approval, but exceptionally low Barito River levels have pushed the next shipment to a tentative mid-November date. The company also bought three years of extra time on BBM's US$20 million repayment, while quarter-end cash stood at just US$193,000.

American Tungsten & Antimony has completed its Nexus acquisition and secured ownership of the Del Sol hydrometallurgical refinery in Nevada, moving its US antimony strategy from transaction to execution. The Arizona White Spar acquisition remains conditional, while the completion consideration includes more than one billion shares and substantial performance rights.

Element 25 has reshaped the commercial and funding framework for its planned Louisiana HPMSM facility, retaining a US$166 million U.S. Department of Energy grant while ending its existing GM agreements. Revised Stellantis arrangements are agreed in principle but still require definitive documents, leaving the project’s replacement financing plan central to the next phase.

Private Land & Property Fund has agreed terms to release Booster Wine Group from its Hawke’s Bay vineyard leases, with consideration assessed to lift net asset value by 0.6%. The three vineyards and winery are now being marketed for sale, although the restructuring remains conditional and much of the consideration is deferred.