Latest Utilities News

SciDev Ltd has completed a strategic review addressing past underperformance and is refocusing on an integrated water solutions platform targeting core markets. The company confirmed FY26 guidance with revenue of $82 to $87 million and underlying EBITDA of approximately $4 million, while maintaining a sound balance sheet.

European Resources has significantly expanded the exploration potential at its Korsnäs rare earth project in Finland, increasing the Exploration Target by up to 190% to between 18 and 32 million tonnes at 0.8% to 1.0% TREO. This growth follows new passive seismic survey results and geological modelling extending mineralisation down to -400 m RL.

Cobalt Blue Holdings and Glomar Minerals have shortlisted four US sites and begun testwork for Project Infinity, aiming to build the first commercial polymetallic nodule refinery in the United States.

X2M Connect has unveiled a new AI-enabled bidirectional streetlight controller in South Korea, expanding its smart city platform and tapping into a $225 million annual market.

IperionX has acquired Covia’s Camden mineral assets adjacent to its Titan Project, consolidating a key U.S. critical minerals province and enhancing its supply chain for heavy rare earths and titanium.

X2M Connect has partnered with Resi Ventures to deploy its AI-driven platform in regional Australian data centres, starting with a major integrated precinct near Ballarat. The collaboration targets the surging demand for edge computing and sustainable energy management across regional infrastructure.

PC Gold has acquired the former Territory Iron accommodation camp near its Spring Hill Gold Project for A$770,000, gaining 64 rooms and full utilities. The move cuts capital costs and development time, supporting exploration and mine development.

Rent.com.au has set new records for RentBond® loan volumes in May 2026, fueling revenue growth and positive operating cashflow. The company is on track to double revenue and achieve EBITDA positivity by mid-2027, with recurring revenue surpassing 75% of total income.

Saferoads Holdings (ASX: SRH) has acquired Chameleon AMLS, adding a new modular trailer product line and appointing its founder Andrew Kaye to the board.

Richmond Vanadium Technology (ASX: RVT) has signed a binding collaboration with RKP Global to jointly develop vanadium flow battery and long-duration energy storage projects in Australia, advancing its mine-to-battery strategy.

Xenitra Limited’s OPAL Real World Asset tokenised sales ecosystem has accelerated rapidly, crossing $1.1 million in product sales and onboarding over 400 distribution partners within seven weeks, signalling strong traction in Greater China.

Optiscan Imaging has reached the halfway recruitment milestone in its first in-human breast cancer study, advancing its regulatory and commercial ambitions with promising clinical data and expanded trial sites.