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Adisyn Strikes Agreement With Israeli Plastics Group to Produce Drone Components

Adisyn (ASX:AI1) unit 2D Radar Absorbers signed a memorandum of understanding with Israeli plastics group Raval A.C.S. to accelerate the production of graphene stealth components for drones, according to a Monday filing with the Australian bourse.The agreement involves cooperation on the research, development, and production of graphene-enhanced injection-molded parts for radar absorption in drones and unmanned aerial vehicles.The companies have agreed to a 12-month period to demonstrate "material technical progress" on the collaboration and an 18-month period to declare it commercially viable. If those terms are met, they plan to create a 50/50 joint venture to continue manufacturing the drone components.Under potential definitive agreements, 2D Radar will license its radar absorption technology to the JV on an exclusive basis in Israel only, in exchange for a royalty on the JV's gross revenue.

ASX:AI1

Asia55d ago

Dateline Resources Reports Pre-Tax NPV of $785 Million for California Project in Bankable Feasibility Study

Dateline Resources (ASX:DTR) said its bankable feasibility study (BFS) for its Colosseum gold and rare earth element project in California has returned a pre-tax net present value (NPV) of $785 million at a 5% discount rate and a pre-tax internal rate of return (IRR) of 49.5%, according to a Monday Australian bourse filing.The company said undiscounted pre-tax free cash flow is $1.08 billion, rising to $1.36 billion at spot prices, with start-up capital of $249 million, including $16 million in capitalized mining costs, plus a $25 million contingency.The project has a 10.4-year mine life producing 573,000 ounces of gold in total, with average annual gold production of 75,000 ounces over the first six years and peak gold sales of 102,000 ounces in year six, at an all-in sustaining cost (AISC) of $1,825 per ounce, the filing added.The project has a low 3:1 strip ratio supporting lower operating costs, with 55,000 ounces of inferred mineral resources within the pit shell not included in the ore reserve, with the additional underground potential in the northeast of the North Pit open at depth and subject to ongoing drilling, the filing added.

ASX:DTR

Asia55d ago

Elevra Lithium to Sell Ghana Lithium Project Stake to Zhejiang Huayou Cobalt

Elevra Lithium (ASX:ELV) agreed to sell its interest in the Ewoyaa Lithium Project in Ghana to Zhejiang Huayou Cobalt for around $71 million in cash before fees and taxes, according to a Monday Australian bourse filing.The deal transfers all of the company's project rights, including offtake rights, enabling it to withdraw from its funding commitments and streamline its portfolio to focus on North American assets, per the filing.The completion is expected in the first quarter of fiscal 2027, subject to regulatory approvals in Ghana.The proceeds from the transaction will strengthen the company's financial flexibility and support its growth initiatives, enhancing long-term shareholder value, the filing said.Huayou is also acquiring Atlantic Lithium's (ASX:A11) wider stake in the Ewoyaa Lithium Project through a separate scheme agreement worth about $210 million in cash, although Elevra's deal does not depend on this transaction, the filing added.

ASX:A11ASX:ELV

Asia55d ago

Metcash Expects Year-Over-Year Increase in Fiscal Year 2026 Revenue

Metcash (ASX:MTS) expects fiscal year 2026 revenue of AU$19.6 billion, up 0.7% from the previous year, according to a Monday filing with the Australian bourse.The company also expects fiscal year underlying profit after tax in the range of AU$268 million to AU$270 million.Metcash said ongoing cost initiatives are expected to yield at least around AU$25 million of annualized savings in fiscal year 2027.Additionally, the company has increased inventory levels as a precaution, even though it has not yet experienced any supply shortages due to the Middle East conflict.

ASX:MTS

Asia55d ago

Pantoro Gold Discovers High-Grade Mineralization at Western Australia Project

Pantoro Gold (ASX:PNR) said it has discovered broad high-grade mineralization at the Racetrack Target within the Mainfield of its Norseman Gold Project in Western Australia, according to a Monday Australian bourse filing.The results were up to 8 meters at 28.7 grams per tonne gold, including 1 meter at 189.8 grams per tonne gold.Wide-spaced drilling along the Racetrack trend has indicated a high-grade zone over a current strike of 400 meters, extending from near surface to 600 meters depth, the filing added.The high-grade zone remains open to the east and down dip, with multiple additional intercepts returned from associated splays and parallel structures, it added.

ASX:PNR

Asia55d ago

Greatland Resources Confirms Extension of Geological Structure, Layers at Western Australia Prospect

Greatland Resources (ASX:GGP) confirmed the extension of geological structures and layers at the Pinnacles prospect during step-out drilling at the West Dome Underground deposit Telfer operation in Western Australia, according to a Monday filing with the Australian bourse.Results include nearly 59 meters at 6.5 grams per tonne grade of gold and 0.1% copper, including 37 meters at 9.98 g/t grade of gold and 0.14% copper, and 34 meters at 1.1 g/t grade of gold, the filing said.Follow-up work includes wedge drilling to test mineralization along strike and down dip and planning for drilling between Pinnacles and the deposit, and extension drilling further south of Pinnacles, per the filing.

ASX:GGP

Asia55d ago

Alicanto Minerals Taps Former Liontown Resources Executive as CFO

Alicanto Minerals (ASX:AQI) appointed Graeme Pettit as chief financial officer, according to a Monday filing with the Australian bourse.Pettit, who is expected to succeed Susan Field before June 30, recently served as interim CFO at Liontown Resources (ASX:LTR).

ASX:AQIASX:LTR

Asia55d ago

Strike Energy Appoints CEO, Chair

Strike Energy (ASX:STX) appointed Shelley Robertson as new chief executive, effective June 1, according to a Monday Australian bourse filing.Robertson will succeed Peter Stokes as CEO, who has resigned with immediate effect, per the filing.John Poynton will retire as the company's non-executive chair on June 30, and Nev Power, currently deputy chair, will assume the role from July 1, the filing added.

ASX:STX

Asia55d ago

Inghams Group Maintains Fiscal Year 2026 Guidance Amid Cost Pressures

Inghams Group (ASX:ING) reaffirmed its fiscal 2026 guidance for underlying earnings before interest, taxes, depreciation, and amortization of AU$180 million to AU$200 million, according to a Monday filing with the Australian bourse.The Middle East conflict has caused material increases in key cost categories, and the poultry products producer expects higher observed feed costs in the fiscal year 2027, per the filing.The company said it expects a fiscal year 2026 net impact of AU$7 million to AU$10 million from higher diesel fuel costs flowing through via fuel levies from its transport providers."Packaging cost increases are beginning to emerge, and we are implementing mitigation strategies to manage these to the fullest extent possible," Inghams Group said.

ASX:ING

Asia55d ago

Dyno Nobel Posts Higher Fiscal H1 Adjusted Earnings, Lower Revenue

Dyno Nobel (ASX:DNL) reported Monday fiscal first-half earnings of AU$0.089 per share, excluding individually material items, up from AU$0.046 a year earlier.Analysts polled by FactSet expected earnings of AU$0.07.Revenue from ordinary activities for the six months ended March 31 was AU$1.9 billion, compared with AU$2.25 billion a year earlier. Analysts surveyed by FactSet expected AU$1.78 billion.The company maintained its fiscal 2026 earnings before interest and taxes guidance at around AU$460 million to AU$500 million while lowering capital expenditure guidance to AU$250 million to AU$300 million due to the deferral of some growth-related spending into fiscal 2027.The board declared an interim dividend of AU$0.046 per share, up from AU$0.024 a year earlier, payable July 2 to shareholders on record as of June 15.

ASX:DNL

Asia55d ago

oOh!media Receives AU$1.45 per Share Takeover Proposal From I Squared Capital

oOh!media (ASX:OML) received an unsolicited, non-binding takeover offer from I Squared Capital to acquire the company for AU$1.45 per share in cash via a scheme of arrangement, according to a Monday filing with the Australian bourse.The company received a proposal in April to be acquired by Pacific Equity Partners for AU$1.40 per share in cash.oOh!media said its board "considered both proposals in conjunction with its advisers and has unanimously determined that neither proposal adequately reflects the intrinsic value of oOh!."However, it is willing to grant both interested parties access to a limited amount of due diligence information to allow them to consider revised proposals, subject to their entry into non-disclosure agreements.The engagement with I Squared and Pacific Equity is preliminary in nature, the company said, adding that it is also in talks with certain other parties on potential change-of-control proposals.Additionally, oOh!media has paused its on-market share buyback program, per the filing.

ASX:OML

Asia55d ago

Santana Minerals Clarifies Land Settlement Timing for South Island Gold Project

Santana Minerals (NZE:SMI, ASX:SMI) clarified that the settlement of the 3,680 hectares of land for its Bendigo-Ophir Project in South Island is required by the earlier of June 30, 2030, or 12 months after receiving all mining approvals, correcting its earlier statement that cited a Dec. 31 deadline, according to a Monday filing with the Australian and New Zealand bourses.The company's Kiwi shares were up almost 1% in recent Monday trade.

ASX:SMINZE:SMI

Asia55d ago

Chorus Website Shows Internet Outages in New Zealand

Chorus' (NZE:CNU, ASX:CNU) website showed internet outages impacting parts of New Zealand early on Monday, concentrated in and around the Auckland area.Technical teams are working to resolve the loss of broadband services in Auckland but the company is currently unable to provide a timeframe for resolution, according to the website.Certain outages, including in Timaru and parts of the North Island, are expected to be resolved by Tuesday afternoon, the website showed.

ASX:CNUNZE:CNU

Asia55d ago

Pacific Edge Launches NZ$24 Million Capital Raise

Pacific Edge (ASX:PEB, NZE:PEB) launched a capital raising of up to NZ$24 million comprising an NZ$18 million institutional placement and a NZ$6 million retail offer at NZ$0.17 per share, according to a Monday filing with the Australian and New Zealand bourses.The offer price reflects a 2% discount to the stock's five-day volume-weighted average price.The capital raising is intended to provide the company with the resources needed to restore Medicare coverage, secure reimbursement for its tests, and support the company's growth strategy, per the filing.The company reported unaudited fiscal 2026 revenue of NZ$11.5 million, down from NZ$21.8 million in fiscal 2025 after Medicare ended reimbursement coverage of Cxbladder, reducing US testing volumes and increasing net loss to NZ$35.7 million compared with NZ$29.9 million in the prior year, the filing said.The company said it expects an update from the Medicare administrative contractor Novitas before September, including a draft local coverage determination that may restore coverage for Cxbladder Triage tests and enhance revenue potential and commercial payer adoption.

ASX:PEBNZE:PEB

Asia55d ago

Shenzhen LDROBOT Nets HK$807 Million Ahead of Hong Kong Debut

Shenzhen LDROBOT (HKG:1236) raised about HK$806.8 million in net proceeds from its initial public offering in Hong Kong.The offer price was set at HK$26.36 per H-share, below the maximum offer price of HK$30.00, according to a Friday after-market Hong Kong bourse filing.The Chinese robotics company offered 33.3 million H-shares in the global offering.The Hong Kong public offer was 6,707.66 times subscribed, with 3.3 million shares allocated, representing 10% of the total offering.The international offering was 9.54 times subscribed, with 30 million shares allocated, accounting for 90% of the total offering.Cornerstone investor KCH Vision Investment was allocated about 10.5 million shares, according to the filing.Shenzhen LDROBOT is scheduled to begin trading in Hong Kong on Monday, May 11.

HKG:1236

Asia57d ago

Market Chatter: Indonesia Finance Minister to Activate Bond Stabilization Fund to Defend Rupiah

Indonesia's Finance Minister Purbaya Yudhi Sadewa is planning to activate a bond stabilization fund in a bid to support the rupiah and protect the bond market from global pressures, The Jakarta Globe reported Thursday.The deployment of the fund aims to steady the securities (SBN) market amid increasing yields that can lead to falling bond prices and an increased likelihood of capital losses, the report said.By using the fund, the size of which has not been disclosed, to acquire SBN in the secondary market as required, the government can reportedly boost market confidence and control foreign outflows.The program will be under full control of the Finance Ministry, Purbaya said and The Jakarta Globe reported.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

^JKSE

Asia57d ago

Value of Offshore M&As by Chinese Companies in Q1 Rises to Highest Since 2020, Think Tank Says

Overseas mergers and acquisitions by Chinese companies surged the fastest in five years during the first quarter, according to data from think tank Rhodium Group.In the first quarter, offshore M&A reached $9.6 billion, increasing for the fifth straight quarter to the highest quarterly value since the last quarter of 2020, the group said.The quarter's largest transaction was the purchase of Canadian miner Allied Gold by Zijing Mining (SHA:601899, HKG:2899) unit Zijin Gold International's (HKG:2259) for CA$5.5 billion, the think tank said.

Shanghai Composite^SZSE

Asia57d ago

Market Chatter: Four Indonesian Banks Integrate Apps with Chinese Digital Payment Platforms

Several large Indonesian banks integrated their mobile banking services with China's digital payment platforms to ensure ease of payments for travelers to China, The Jakarta Globe reported Friday.Bank Rakyat Indonesia (IDX: BBRI), Bank Negara Indonesia (IDX:BBNI), PT Bank Mandiri (Persero) (IDX:BMRI), and Bank Central Asia (IDX:BBCA) integrated cross-border QRIS services into their apps to facilitate the transactions.The connection with Alipay, UnionPay, and Weixin Pay, and others will eliminate the need for Indonesian travelers to convert and carry US dollars by allowing direct payments in rupiah using QRIS.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

IDX:BBCAIDX:BBNIIDX:BBRIIDX:BMRI

Asia57d ago

Market Chatter: Beijing's Tight Supervision on Car Price Competition Could Push Out Weaker Manufacturers, S&P Says

China's tight supervision of the heated price competition in the electric vehicle sector could spell lending pressure on mainland car manufacturers and push out weaker, debt-ridden carmakers, the South China Morning Post reported Friday, citing S&P Global Ratings."Financially fragile players that struggle to keep pace with government guidance will exit the market or be absorbed," the newspaper quoted S&P Global Ratings as saying.Larger carmakers could benefit more from the competition, while tighter oversight would also mean a "leaner, more disciplined sector" but with probable failures and lost capital, the report said, citing the debt watcher.Car makers in China relied on extended payment cycles to allow liquidity for research and development while absorbing the pressure of deep price cuts amid the fierce competition, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Shanghai Composite^SZSE

Asia57d ago

China Merchants Securities' Chair Steps Down

China Merchants Securities' (HKG:6099, SHA:600999) Chairman Huo Da resigned due to his work arrangements effective Friday, according to same-day Hong Kong bourse filing.President Zhu Jiangtao will temporarily take on the role of chair until a successor for Huo is found.

HKG:6099SHA:600999

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