Financial News · Live Terminal

Page 511 of 819

Dicker Data Declares Quarterly Dividend

Dicker Data (ASX:DDR) declared a dividend of AU$0.115 per share for the quarter ended March 31, according to a Tuesday Australian bourse filing.The dividend will be paid on June 2 to shareholders on record as of May 18.The company paid a dividend of AU$0.11 per share in the prior corresponding period, an earlier filing showed.The company's shares fell 1% in recent Tuesday trade.

ASX:DDR

Asia54d ago

Elevra Lithium Ends Waratah Deal, Secures Full Moblan Offtake Control

Elevra Lithium (ASX:ELV) said it has purchased and terminated a spodumene concentrate offtake agreement previously granted to an investment vehicle managed by Waratah Capital Advisors in relation to the Moblan lithium project, according to a Tuesday filing with the Australian bourse.Moblan is 60% owned by Elevra and 40% by Investissement Quebec.The deal eliminates a life-of-mine obligation that previously allowed Waratah to buy 10% of the company's production share at a 5% discount to market prices, per the filing.The company will issue Waratah $5 million in ordinary shares at AU$12.20 apiece and $500,000 in options at a 50% premium, with the options exercisable 120 days after closing on Tuesday and expiring three years thereafter, in exchange for terminating the agreement, the filing said.The repurchase strengthens the company's position at Moblan by eliminating a discounted long-term sales commitment and giving it full control of offtake, increasing flexibility for supply and financing arrangements, the filing added.

ASX:ELV

Asia54d ago

DroneShield Receives ASIC Notice of Investigation Into Market Disclosures; Shares Down 9%

DroneShield (ASX:DRO) received a notice from the Australian Securities and Investments Commission (ASIC) asking the company to cooperate with an investigation into market disclosures it made in November 2025, according to a Tuesday filing with the Australian bourse.The company said it will lend its full cooperation to the regulator, adding that the outcome of the probe is uncertain.DroneShield's shares were nearly 9% lower in recent Tuesday trade.

ASX:DRO

Asia54d ago

Iron Bear Resources Says Total Mineral Resource Down 18% in Updated Canada Project MRE, Shares Up 5%

Iron Bear Resources' (ASX:IBR) updated mineral resource estimate for its Iron Bear iron ore project in Canada stood at 13.6 billion tonnes containing 30% total iron and 20.7% magnetic iron at a cut-off grade of 12.5% magnetic iron, according to a Tuesday Australian bourse filing.The company said the total mineral resource has decreased by 18% from the previous estimate dated April 11, 2024, primarily due to revised geological interpretation, updated pit optimization parameters, and application of updated modifying factors.The indicated mineral resource has increased 114% to 4.5 billion tonnes containing 29.5% total iron and 20.6% magnetic iron, up from 2.1 billion tonnes in the previous estimate, the filing added.Metallurgical test work confirmed direct reduction grade concentrate grading 71% iron with an overall magnetic iron yield of 88.8%, and blast furnace grade concentrate grading 69.1% iron with a magnetic iron yield of 97.5%, it added.The company's shares rose 5% in recent Tuesday trade.

ASX:IBR

Asia54d ago

South Korean Shares Open at New High on Extended Chip Rally Despite No Progress in US-Iran Talks

South Korean shares opened at a new high on Tuesday, owing to an extended rally of chip stocks, primarily led by Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660), which gained over 1% and nearly 4%, respectively, in morning trade.The benchmark Korea Composite Stock Price Index, or Kospi, rose by 131.17 points to open at 7,953.41. The Kosdaq gained 7.56 points to open at 1,214.90.Investors appeared to pay no heed to the lack of progress in U.S.-Iran peace talks.U.S. President Donald Trump said Monday that the ceasefire with Iran was "on life support" after he rejected Tehran's latest proposal and deemed it unacceptable.Iran pushed back, with Foreign Ministry spokesman Esmaeil Baghaei accusing the US of making unreasonable demands, while parliament speaker Mohammad Bagher Ghalibaf said that the U.S. must accept the Iranian proposal, and warned that Tehran was ready to respond to any aggression.

^KOSDAQKOSPIKRX:000660KRX:005930

Asia54d ago

Amcor Shares Rise After Laboratory Gains Accreditation in China

Amcor (ASX:AMC) shares gained 1% in recent Tuesday trade after the company said late Monday it obtained Chinese accreditation for its Asia Pacific Innovation Center laboratory.The accreditation from the China National Accreditation Service for Conformity Assessment indicates that the laboratory fulfills requirements for technical competence and quality management, the company said.The development allows the laboratory to generate test data that is recognized across 116 countries, facilitating regulatory approval and market access for Amcor customers, it said.

ASX:AMC

Asia54d ago

Centuria Industrial REIT Reports Fiscal Q3 Divestments of AU$188 Million; Affirms Guidance

Centuria Industrial REIT (ASX:CIP) reported AU$188 million of divestments in its fiscal third quarter at an average premium-to-book value of 17%, according to a Tuesday filing with the Australian bourse.The company reaffirmed its fiscal 2026 funds from operations guidance range of AU$0.182 to AU$0.185 and its distribution guidance of AU$0.168, expected to be paid quarterly.

ASX:CIP

Asia54d ago

Larvotto Resources Says First Ore Mined Underground at Hillgrove Antimony-Gold Project, Shares Up 8%

Larvotto Resources (ASX:LRV) mined the first ore underground and delivered it to the stockpile at its Hillgrove antimony-gold project in New South Wales, according to a Tuesday Australian bourse filing.The company said underground operations and plant refurbishment activities are on track and within budget, with contractor PYBAR advancing 170 meters and rehabilitating 1.9 kilometers of drives, and installing 20,000 rock bolts in preparation for full underground production.Vertical raise boring works for the new ventilation shaft have commenced ahead of schedule, with process plant refurbishment remaining on track, it added.The company's shares rose 8% in recent Tuesday trade.

ASX:LRV

Asia54d ago

Japanese Stocks Climb at Tuesday's Opening as AI Optimism Overshadows Middle East Tension

Japanese equities advanced at open, with investor sentiment toward AI-related stocks remaining positive despite the absence of a peace agreement between the U.S. and Iran.The Nikkei 225 added 200.8 points, or 0.3%, to reach 62,618.72 at the opening bell.Tensions mounted in the Middle East as the fragile ceasefire appeared to falter.Trump characterized Iran's response to his peace proposal as "a piece of garbage," stating he "didn't even finish reading it."Morgan Stanley stated on Monday that the oil market faces a "race against time," warning that prices could rise significantly if the Strait of Hormuz remains closed through June. Brent was trading at $104 per barrel.

Nikkei 225

Asia54d ago

Santos Proceeds With Production Facility Tie-In Project in Papua New Guinea

Santos (ASX:STO) made a final investment decision to proceed with the Agogo production facility tie-in project in Papua New Guinea after the approval by the PNG LNG joint venture to deliver gas from the facility to the PNG LNG gas pipeline, according to a Tuesday filing with the Australian bourse.The company's share of capital expenditure is roughly AU$160 million, with gross capital expenditure totaling around AU$400 million over three years, the filing said.First gas is expected to be produced in the second quarter of 2028.The company holds a 39.9% stake in the joint venture, per the filing.Shares rose nearly 1% in morning trade Tuesday.

ASX:STO

Asia54d ago

Elevra Lithium Raising AU$441 Million of Funds to Support Canada Projects

Elevra Lithium (ASX:ELV) is raising up to AU$441 million of funds to support its North American Lithium Brownfield expansion and to finance pre-development workstreams for its Moblan project in Canada, according to a Tuesday filing with the Australian bourse.The financing package consists of a AU$275 million fully underwritten institutional placement, a AU$146 million convertible notes investment by Canada Growth Fund, and a non-underwritten share purchase plan targeting gross proceeds of up to AU$20 million, per the filing.The company will issue about 22.5 million new shares in the institutional placement on Tuesday at AU$12.20 each. Its shares will remain in a trading halt until the placement is complete, with trading expected to resume on May 13.Meanwhile, the convertible notes investment by Canada Growth Fund will take place across two tranches, with the upfront tranche comprising AU$66 million worth of notes and a subsequent conditional tranche for AU$81 million.

ASX:ELV

Asia54d ago

Elevra Lithium Reports 102% Rise in Expansion Project NPV in Updated Scoping Study

Elevra Lithium (ASX:ELV) said an updated scoping study for the expansion of its North American Lithium (NAL) mine has increased the incremental post-tax net present value (NPV) of the expansion project by 102% to $718 million from $355 million in the previous study, according to a Tuesday Australian bourse filing.The company said the total NAL project post-tax NPV stands at $2.31 billion, with a post-tax internal rate of return (IRR) of roughly 42% and payback of 25 months.The updated study increases the process plant design feed rate to a permitted average of 4,500 tonnes per day in Stage 1 and 6,500 tonnes per day in Stage 2, with expanded production of 338,000 tonnes per year of spodumene concentrate at 5.4% lithium oxide and an average life-of-mine recovery of over 71%, the filing added.Total capital expenditure is $270 million across three stages, with Stage 1 incremental production ramp-up commencing in mid-2027 and Stage 3 construction forecast to be completed by mid-2029, with a revised mine life of 21 years, the filing added.Average life-of-mine C1 unit cost is $628 per tonne and all-in sustaining cost (AISC) is $683 per tonne once the expansion is fully operational, it added.

ASX:ELV

Asia54d ago

Bioxyne Unit Signs AU$50 Million Medicinal Cannabis Supply Deal With ADREXpharma

Bioxyne, (ASX:BXN) through its subsidiary Breathe Life Sciences, has secured a two-year AU$50 million agreement with German pharmaceutical firm ADREXpharma to supply Good Manufacturing Practice (GMP)-produced medicinal cannabis products into Germany, according to a Tuesday filing with the Australian bourse.The agreement includes a minimum purchase commitment of AU$25 million within the first 12 months, offering near-term revenue visibility, and will automatically renew for another 12-month term, per the filing.The agreement extends an existing partnership, strengthening the company's position in Germany and supporting its expansion of GMP-certified production and regulated pharmaceutical supply across Europe, the filing added.

ASX:BXN

Asia54d ago

Hirose Electric's Profit Edges Up 0.3% in Fiscal Year 2026

Hirose Electric's (TYO:6806) profit attributable to owners of the parent edged up 0.3% to 33.14 billion yen for the fiscal year 2026 from 33.03 billion yen a year earlier.Shares of the company were up nearly 3% in morning trade Tuesday.The electrical connector supplier's earnings per share increased to 991.91 yen from 976.33 yen a year ago, according to a Tokyo bourse filing on Monday.Revenue climbed 12% to 211.26 billion yen for the year ended March 31 from 189.42 billion yen in the prior year.Hirose Electric declared a final dividend of 260 yen per share, payable from June 26.For the fiscal year 2027, the company expects an attributable profit of 34.00 billion yen, basic EPS of 1,039.08 yen, and revenue of 230.00 billion yen.Hirose Electric plans to pay interim and year-end dividends of 260 yen per share, each, for the year.

TYO:6806

Asia54d ago

Almonty Industries Posts Narrower Q1 Loss, Higher Revenue

Almonty Industries (ASX:AII) reported Tuesday first quarter loss of CA$0.02 per share, compared with CA$0.13 a year earlier.Analysts polled by FactSet expected earnings of CA$0.01.Revenue for the three months ended March 31 was CA$25.4 million, compared with CA$7.9 million a year earlier. Analysts surveyed by FactSet expected CA$24 million.

ASX:AII

Asia54d ago

Metallium Completes Continuous Flash Joule Heating Reactor Campaign in Texas

Metallium (ASX:MTM) completed a 12-hour continuous flash joule heating (FJH) reactor campaign at its Gator Point Technology Campus in Texas, validating reactor subsystems, automation architecture, and operating procedures ahead of planned parallel reactor deployment, according to a Tuesday filing with the Australian bourse.The campaign also confirmed the company's ability to process platinum and palladium-rich materials, the filing said.The company aims to transition to sustained multi-reactor deployment and broader throughput expansion activities from long-term single-reactor operations, per the filing.

ASX:MTM

Asia54d ago

Turaco Gold Identifies Gold Mineralization at Ivory Coast Project

Turaco Gold (ASX:TCG) identified further mineralization from ongoing drilling at the Afema gold project in south-east Ivory Coast, according to a Tuesday Australian bourse filing.The results were up to 28 meters at 2.17 grams per tonne gold (g/t) from 91 meters, including 15 meters at 3.32 g/t gold from 104 meters.The company said the results are from resource extension and infill drilling on the Adiopan-Asupiri deposit, which hosts a current 1.32 million ounce mineral resource estimate (MRE) within the 4.65 million ounce Afema MRE.Shallow drilling at the Sikasso prospect returned 21 meters at 2.29 g/t gold from 66 meters, with mineralization at both Bergerie and Sikasso occurring from surface and remaining open with further drilling underway, the filing added.The Afema pre-feasibility study (PFS) is due in June, with five drill rigs currently operating with a focus on new discoveries, the company added.

ASX:TCG

Asia54d ago

Hazer Group Partners With Continual Renewable Ventures on Sustainable Aviation Fuel, Diesel

Hazer Group (ASX:HZR) signed a memorandum of understanding with Continual Renewable Ventures to evaluate sustainable aviation fuel and renewable diesel opportunities in Australia, according to a Tuesday filing with the Australian bourse.The non-binding agreement represents "Hazer's first step into Australia's emerging clean fuels industry," the company said.The memorandum has a term of two years and involves collaboration across technical workstreams on a non-exclusive basis, with each company bearing its own costs.Continual Renewable Ventures plans to develop a sustainable aviation fuel and renewable diesel production facility in the Kwinana region of Western Australia, which will use canola and hydrogen as feedstock. Hazer is capable of delivering the low-emissions hydrogen feedstock required for production in Kwinana, it said.

ASX:HZR

Asia54d ago

ASX Preview: Australian Shares Set to Rise as Oil Surges on Middle East Tensions; Life360 Posts Lower Q1 Earnings, Higher Revenue

Australian shares are poised to rise on Tuesday as oil prices surged above $104 a barrel amid escalating Middle East tensions, after US President Donald Trump warned that a fragile Iran ceasefire was "on life support" following stalled negotiations and continued disruption to shipping through the Strait of Hormuz.Overnight, the S&P 500 and the Dow Jones Industrial Average each rose 0.2%, while the Nasdaq Composite gained 0.1%.In the macroeconomy, the ANZ-Roy Morgan Australian consumer confidence fell 3.1 points to 64.1 in the week of May 4 to May 10, ANZ reported Tuesday.Investors are eyeing the release of Westpac consumer confidence and NAB business confidence reports.In corporate news, Life360 (ASX:360) reported Tuesday first-quarter earnings of $0.03 per share on revenue of $143.1 million, compared with earnings of $0.05 on revenue of $103.6 million a year earlier.Insurance Australia Group (ASX:IAG) is targeting gross written premiums of over AU$25 billion, a more than 15% return on equity, and high single-digit earnings per share growth per year by 2030.Australia's benchmark index fell 0.5% or 42.6 points to close at 8,701.80 on Monday.

ASX 200ASX:360ASX:IAG

Asia54d ago

Kobe Steel's Profit Falls 22% in Fiscal Year 2025

Kobe Steel's (TYO:5406) profit attributable to owners of the parent fell 22% to 93.72 billion yen for the fiscal year 2025 from 120.18 billion yen a year earlier.The steelmaker's basic earnings per share declined to 237.80 yen from 304.64 yen a year ago, according to a Tokyo bourse filing on Monday.Net sales slipped 4.6% to 2.437 trillion yen for the year ended March 31 from 2.555 trillion yen in the prior year.Kobe Steel declared a final dividend of 40 yen per share, payable from June 5.In a separate disclosure, Kobe Steel anticipates an earnings impact of roughly 10 billion yen for the fiscal year 2026, assuming the current Middle East crisis persists through the first half.For the fiscal year 2026, the company expects attributable profit of 100.00 billion yen, basic EPS of 251.80 yen, and net sales of 2.560 trillion yen.Kobe Steel plans to pay interim and year-end dividends of 40 yen per share, each, for the year.

TYO:5406

Showing 10201-10220 of 16363