🕒 Monday 13 January 2025 Mon, 13 Jan 2025

Raiden Resources has reported promising high-grade lithium mineralisation in its maiden drilling at Andover South, while identifying a potentially larger, untested Southern Corridor target for future exploration.

Cassius Mining Limited has successfully raised $1 million through a share placement to fund its Soalara project in Madagascar and ongoing litigation in Ghana, signaling a strategic push in key operational areas.

Orbminco Limited has agreed to divest an 80% stake in its Mt Venn Project to Sarama Resources, receiving equity and cash as it refocuses on its Mongolian assets.

Syrah Resources has been awarded a US$165 million tax credit under the US Inflation Reduction Act to support the expansion of its Vidalia active anode material facility in Louisiana, potentially increasing production capacity to 45ktpa.

Myer reports flat comparable sales and a slight dip in total sales for the 22 weeks to December 2024, while reaffirming support for its transformative merger with Premier Investments' Apparel Brands.

Unith Ltd has strengthened its financial position through a partial divestment in AudioStack while renewing a key public health contract and achieving its highest B2C subscription revenue in two years.

Pointerra has won a US$2 million contract extension from the US Department of Energy to expand its hurricane impact analysis program, leveraging its Pointerra3D digital twin technology to enhance electric grid resilience across North America.

True North Copper Limited (ASX: TNC) has been reinstated to trading following the appointment of voluntary administrators, signaling a critical juncture for the copper miner’s future.

True North Copper has successfully completed a $53.44 million capital raising and debt restructuring, exiting voluntary administration and securing ASX reinstatement. The company shifts focus to exploration at Mt Oxide and Cloncurry, retracting prior production plans for the next 12 months.

Antilles Gold Limited has declared a maiden Probable Ore Reserve of 1.76 million tonnes at the Nueva Sabana copper-gold project in Cuba, supported by a comprehensive Pre-Feasibility Study outlining strong financial metrics and a clear path to production.

Vection Technologies has secured a key distribution agreement to enter the Bulgarian market and partnered with DigiLens to integrate XR apps into advanced smart glasses, signaling a strategic push into Europe and global industrial sectors.

Renergen has confirmed ongoing LNG production and helium liquefaction at its Phase 1 plant, addressing recent share price volatility and outlining plans to boost capacity through additional wells.

FBR Limited has received a substantial A$6.3 million R&D tax incentive rebate from the Australian Taxation Office, strengthening its financial position as it wraps up its US Demonstration Program with additional funding from CRH Ventures.

Livium and Mineral Resources have agreed to extend their joint development agreement, funding additional optimisation activities for the LieNA® lithium extraction technology and setting the stage for a 50/50 joint venture.

Invictus Energy has successfully renewed its SG 4571 licence in Zimbabwe’s Cabora Bassa Basin for an additional three years, enabling continued exploration and development at the Mukuyu gas discovery.

PhosCo has formally secured the Sekarna phosphate exploration permit in Tunisia, marking the first time the Tunisian Government has granted a phosphate permit 100% to a foreign investor. This milestone follows the recent approval of the Gassaat project and a strategic MoU with Tunisian authorities and the EBRD.

4DMedical has landed a paid pilot contract with the US Department of Defense to deploy its CT:VQ™ lung imaging technology on active-duty personnel, marking a significant step before FDA submission and spotlighting a billion-dollar market opportunity.

Pacific Edge faces a significant Medicare reimbursement setback as Novitas finalizes a non-coverage decision for its Cxbladder tests, prompting the company to activate legal challenges and operational restructuring.

Titomic Limited has appointed Jim Simpson as Managing Director, consolidating leadership as the company accelerates its expansion in the US additive manufacturing market.

QMines has completed a 5,034m drilling program at Develin Creek, delivering strong high-grade copper, zinc, gold, and silver results at the Scorpion and Window deposits. An updated mineral resource estimate is expected in Q1 2025, potentially extending mine life at Mt Chalmers.

AuKing Mining has granted Resource Mining Corporation an option to acquire its Saudi Arabia joint venture interests, marking a strategic pivot towards its Cloncurry Project.

Barton Gold has secured a $2.4 million R&D tax refund for FY2024, significantly enhancing its cash reserves and accelerating its exploration programs in South Australia’s emerging gold province.

Helios Energy has engaged Houston-based W.D. Von Gonten Engineering to apply advanced geological and engineering expertise to its flagship Presidio Project in West Texas, signalling a strategic push to unlock its full potential.

Lakes Blue Energy has completed the sale of its 49% stake in PEP 169, receiving $6.5 million and securing a 4% royalty on future production. The company now shifts focus to advancing drilling at its Wombat and Trifon/Gangell fields in the Gippsland Basin.