Latest Technology News

Metallium Ltd has partnered with Rice University to advance its Flash Joule Heating technology, targeting a breakthrough in rare earth element separation that could reduce Western dependence on Chinese refining. This collaboration seeks to simplify or bypass the costly solvent extraction process dominating the industry.

Bayan Mining and Minerals Limited has secured $3.27 million through a strategic placement to fast-track exploration at its Desert Star projects in California’s Mojave Desert, positioning itself near major rare earth and gold mining operations.

Lindsay Australia Limited reported a 5.6% revenue increase to A$849.8 million for FY25 but saw net profit after tax fall 36.2% to A$17.39 million. The company declared a fully franked final dividend of 1.5 cents per share and strengthened its national refrigerated logistics footprint through key acquisitions.

Pilbara Minerals reported a 4% rise in spodumene production and a 7% increase in sales for FY25 despite a 43% plunge in lithium prices, resulting in a statutory loss but maintaining robust cash reserves.

Pilbara Minerals Limited (PLS) reported a challenging FY25 marked by a 39% revenue drop and a net loss of $196 million amid falling lithium prices. Despite this, the company advanced key expansion projects, acquired a Brazilian lithium asset, and made significant sustainability strides.

Perpetual Resources has reported exceptional preliminary caesium oxide grades up to 30.11% at its Igrejinha prospect, underscoring the strategic potential of this rare mineral amid constrained global supply. Certified assays and maiden drilling results are anticipated soon, promising to clarify the project's economic outlook.

SRJ Technologies has completed a key acquisition of a UAE entity linked to a Middle Eastern National Oil Company, positioning itself for direct contracts with regional energy giants and expanding its asset integrity services across the Middle East.

New Frontier Minerals reports exceptional assay results from its Harts Range Project, revealing high concentrations of heavy rare earth elements and niobium, setting the stage for its maiden drilling campaign and potential commercialisation.

IMDEX Limited posted a modest 3% revenue decline in FY25 but delivered a robust 15% rise in EBITDA and a striking 70% jump in net profit, driven by strong growth in digital and SaaS platforms. The company’s strategic acquisitions and sustained R&D investment position it well for future expansion.

Reece Limited reported a 20% decline in EBIT for FY25, reflecting soft demand in both ANZ and US markets despite strategic branch expansions and acquisitions.

IMDEX Limited reported resilient FY25 earnings highlighted by a record fourth quarter revenue and significant progress in its digital growth strategy, supported by strategic acquisitions and strong operational performance.

Reece Limited reported a modest revenue decline and a sharper drop in profits for FY25, reflecting subdued demand in key markets and ongoing investment in growth. The company declared a reduced fully franked dividend as it navigates a challenging housing environment.