Latest It Services News

Viva Energy's Geelong Refinery experienced an unscheduled shutdown due to a power outage caused by a lightning storm. Restart efforts are underway, with normal operations expected to resume within two weeks.

Way 2 Vat Ltd's trading suspension is scheduled to end on 13 January 2025, coinciding with the announcement of a proposed capital raising that could reshape its financial outlook.

Way2VAT has locked in A$1.3 million through convertible notes aimed at bolstering working capital and accelerating client expansion, pending shareholder approval for conversion.

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.

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.

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.

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.

Bain Capital has increased its non-binding offer for Insignia Financial to A$4.30 per share, matching a competing bid from CC Capital Partners and signaling intensified acquisition interest.

Macmahon Holdings has landed a $463 million mining services contract for the Awak Mas gold project in Indonesia, reinforcing its order book and maintaining its FY25 earnings guidance.

Perennial Income Generator Fund has announced an estimated monthly distribution of 1.785 cents per unit for December, reinforcing its commitment to delivering steady income to investors. Key dates for distribution eligibility and participation in the Distribution Reinvestment Plan are now set.

Swoop Holdings has secured a three-year, $30 million wholesale internet services agreement with Flip TV, expected to add $10 million in annual revenue and support Flip’s expanding customer base.

AML3D has delivered Copper-Nickel components for the U.S. Navy’s Virginia-Class submarine program in under five weeks, a dramatic reduction from traditional manufacturing timelines, reinforcing Australia’s role in the AUKUS defense supply chain.