Latest Competition News

HMC Capital has secured an increased and extended revolving debt facility, enhancing its underwriting capacity and supporting strategic growth initiatives, including its energy transition efforts.

Algorae Pharmaceuticals has announced a non-renounceable Loyalty Options Offer to eligible shareholders, aiming to raise up to $337,678 before costs, with potential additional capital of $4.7 million if all options are exercised. The capital raise supports the company’s pharmaceutical and AI research and development ambitions.

TPG Telecom has launched a $688 million Reinvestment Plan offering new shares to eligible shareholders, aiming to offset the impact of a recent cash distribution and enhance market liquidity. The plan includes institutional and retail components priced at a discount, forming a key part of the company’s broader capital management strategy.

CVC Limited has successfully completed an upsized $75 million capital raise through its Notes 3 offer, setting a 4.50% annual margin. The funds will support general corporate needs and potential debt consolidation.

Elders Limited reported a robust FY25 with a 12% rise in underlying EBIT to $143.5 million and declared a fully franked final dividend of 18 cents per share. The agribusiness is optimistic about FY26, buoyed by strategic acquisitions and a new divisional model.

Iondrive Limited’s Phase 1 techno-economic evaluation of its IONSolv™ modular rare earth elements recycling plant reveals promising financial metrics and a scalable US rollout strategy. Phase 2 validation is underway to refine assumptions and advance commercial deployment.

Red Metal Limited has achieved a significant metallurgical breakthrough at its Sybella Rare Earth Project, using ion exchange resins to enrich rare earth elements nine times while drastically cutting impurities and costs.

TerraCom Limited anticipates delays in coal shipments from its Blair Athol Mine due to rail and supply chain constraints, potentially squeezing December quarter revenues and cash flow.

Electro Optic Systems has landed a significant €11.4 million contract for its Slinger Counter-Drone systems from a Western European NATO country, boosting its contract backlog to nearly A$400 million. This surge underscores EOS’s growing footprint in the defence sector amid rising drone threats.

AusQuest Limited has identified three additional high-grade magnetite prospects at its Morrisey Project in Western Australia, with premium iron grades exceeding 70% Fe and promising recovery rates. These findings enhance the project's commercial appeal as it advances under a strategic alliance with South32.

Augustus Minerals has applied for a significant exploration licence in Papua New Guinea’s Vanapa River region, positioning itself within one of the world’s richest gold-copper belts while progressing its Mt Kare project.

Activeport Group Ltd has launched a new AI model routing platform that leverages its GPU orchestration expertise to deliver secure, sovereign AI hosting with hybrid cloud compatibility.