Latest Saudi Arabia News

Aeris Environmental’s FY2026 annual report pairs international commercial progress with a $5.03 million operating cash drain, $9.22 million in net liabilities and an auditor-highlighted material uncertainty over its ability to continue as a going concern. The company says it will need extended related-party loan terms and further funding while converting its technology and chemicals pipeline into recurring revenue.

Metal Bank has made Homestead its preferred route to first Western Australian gold production, targeting 2027 while reporting a $4.38 million annual loss and a material going-concern uncertainty. The company ended June with $1.86 million in cash and says further funding may be required.

Peako has completed its 100% acquisition of six Saudi Arabian gold projects covering 862 square kilometres, clearing the way for maiden drilling from October. Recent fieldwork has identified extensive high-grade vein systems, but the reported grades remain exploration indicators rather than a mineral resource.

Sierra Nevada Gold has begun mobilising a five-rig, 25,000m exploration campaign at its As Safra Copper-Gold Project in Saudi Arabia. The program will test Central Copper’s resource potential while opening up more than 12km of broader discovery targets, with first assays expected in November 2026.

Resource Minerals International has expanded its exploration push across Tanzania and Saudi Arabia, but auditors flagged a material uncertainty over the company’s ability to continue without future capital raisings. The ASX-listed explorer ended FY2026 with $2.12 million in cash after raising funds through placements and convertible securities.

Osteopore Limited’s half-year results show an 8% revenue drop driven by currency effects, while losses widen 14% as the company invests heavily in product development and market growth.

Imricor Medical Systems and Philips have launched a combined interventional MR lab solution integrating Philips’ 1.5T BlueSeal MRI with Imricor’s MR-compatible systems, targeting cardiac electrophysiology and setting a new standard for MR-guided interventions.

Comvita Limited has swung back to profitability in FY26, reporting $7.7 million net profit after a $40.5 million capital raise that brought Southeast Asian consumer giant F&N Ventures on board with a near 20% stake.

Almasar Minerals Limited (ASX:AMK) is launching an IPO to fund early-stage exploration across five licences in Saudi Arabia’s Arabian Shield, targeting gold and copper mineralisation.

TALi Digital Limited (ASX: TD1) posted a 416% jump in revenue for FY26 but also recorded a $2.2 million loss driven by a $1.3 million impairment of its YCDI! intangible assets. The company is pursuing growth through AI-focused acquisitions and a $3.3 million capital raise.

Sierra Nevada Gold (ASX: SNX) has completed a $12.85 million capital raise to fund an aggressive Phase 2 drilling campaign at its As Safra Copper-Gold Project in Saudi Arabia, supported by strong institutional backing.

Sierra Nevada Gold’s initial drilling at As Safra in Saudi Arabia reveals a substantial copper mineralised system over 800m strike, with multiple mineralisation styles and a vast district-scale potential. A major Phase 2 drilling campaign is set to commence within six weeks.