Latest Utilities News

Latrobe Magnesium has reached a third of construction completion at its Phase 1B Demonstration Plant, maintaining strong safety standards and progressing key installation milestones. The company targets first magnesium metal output in the second half of 2026, aligning with prior guidance.

ikeGPS Group Limited reported a 33% surge in subscription revenue to NZ$19.2 million for FY26, driven by AI-powered product innovation and expanding adoption among North American utilities. The company achieved positive underlying EBITDA in March and ended the year with NZ$33 million cash and no debt.

Iondrive Limited has gained a significant boost from the Oklahoma Department of Commerce, receiving a Letter of Support and potential incentives valued at over US$15 million for scaling its rare earth recycling modules in the US.

Golding Contractors, a subsidiary of NRW Holdings, has secured two major contracts worth up to $195 million, underpinning its regional presence and boosting NRW's FY27 order book.

Ioneer Ltd has been conditionally awarded a long-term land lease by the U.S. Army to establish a critical boron processing facility at the Tooele Army Depot in Utah, marking a significant step in securing domestic defense supply chains.

Pacific Edge reported a $35.8 million loss in FY26 amid a 47% revenue drop following Medicare coverage loss, but a draft Medicare policy and $36.1 million capital raise set the stage for recovery.

Kingfish Limited posted a $13.6 million net loss for the year ended 31 March 2026, with portfolio returns lagging the benchmark amid geopolitical tensions and AI sector uncertainty.

Elementos Limited has secured a key regulatory milestone as the Regional Government of Andalucía grants its Oropesa Tin Project Overriding Public Interest status, easing the path for critical water licensing and advancing permitting certainty.

Etherstack's North American arm has landed a US$0.83 million follow-on deal with Codan subsidiary Daniels Electronics, extending a major contract from late 2023. The revenue is expected to be recognised fully in FY26, reinforcing the company’s growth trajectory.

Actinogen Medical’s pivotal XanaMIA Alzheimer’s trial has passed a third independent safety review, endorsing continuation without changes. Final topline efficacy data is expected in November 2026.

Aerometrex has secured two lucrative off-the-shelf data contracts worth AUD 1.07 million from AI innovators Zeromatter Technologies and Neara, underscoring its growing role as a key provider of spatial datasets for AI training.

International Graphite Ltd (ASX:IG6) has partnered with Alkeemia S.p.A. to establish a graphite processing facility in Italy, aiming for first production in the second half of 2027 and a final investment decision by Q3 2026.