Latest Strategic Shift News

IPB Petroleum has appointed a new chairman and is intensifying efforts to secure funding for drilling its key Browse Basin assets, while maintaining a strong cash position and exploring new project opportunities.

InhaleRx has locked in a $38.5 million funding deal with Clendon Biotech Capital, enabling expanded Phase 2 trials for its inhaled breakthrough cancer pain and panic disorder treatments. The company also filed a key international patent, positioning itself for a faster path to FDA approval.

Universal Biosensors has secured a Vendor Master Purchase Agreement with Chewy and launched its Petrackr veterinary glucose monitoring system on Amazon, positioning itself for significant growth in North America's online pet care market.

Tinybeans Group Limited reported a 9% increase in quarterly subscription revenue to US$0.80 million in Q2 FY25, alongside a significant reduction in cash burn and operational expenses following a major restructure.

The Calmer Co. International Limited has reported a remarkable surge in sales and cash receipts for the first half of FY25, exceeding the entire FY24 sales. Alongside a strategic CEO transition and factory upgrade, the company is sharpening its focus on profitable growth and cost control.

Next Science reported a 2.9% revenue increase to US$22.8 million in FY24, driven by an 85% surge in XPERIENCE™ sales, while achieving adjusted EBITDA and cashflow positivity in 4Q FY24 amid strategic cost restructuring.

FleetPartners Group Limited reported a strong FY24 with record new business writings and a significant capital return, underscoring its disciplined growth and ESG commitments.

Firetail Resources has sold its lithium rights over key Western Australian projects to Spartan Resources for $275,000, marking a strategic shift to focus on its flagship Skyline Copper Project in Canada.

Spectur Limited reports a steady increase in revenue and positive operating cash flow for Q2 FY25, signaling progress in its strategic shift towards profitability. Cost-cutting initiatives and recurring revenue growth underpin expectations for consistent profits in the coming quarters.

Aurelia Metals reports significant copper and gold intersections across multiple deposits at its Peak Mine in the Cobar District, signalling a promising shift towards copper-gold dominant ores.

Carnarvon Energy and its partners have deferred key milestones in the Dorado Phase 1 liquids development, pushing back the Final Investment Decision and FPSO purchase. Despite the delay, the Joint Venture remains confident and plans further exploration drilling in 2026.

NOVONIX announces the departure of CEO Dr. Chris Burns, with CFO Robert Long stepping in as interim CEO amid plans to scale production at its Riverside facility.