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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

Asia53d 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

Asia53d 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

Asia53d 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

Equities53d ago

Trump Administration Releases Reserve Oil as Prices Soar

The US Department of Energy said Monday it awarded contracts for the exchange of about 53.3 million barrels of crude oil from its Strategic Petroleum Reserve (SPR) as part of the country's effort to stabilize global oil supplies.The contracts were awarded to companies including Marathon Petroleum for 12.4 million barrels, Trafigura Trading for 12.98 million barrels, and ExxonMobil for 11.4 million barrels, among others."With today's announcement of contract awards, we are advancing the President's commitment to carrying out this historic emergency exchange," DOE Assistant Secretary for the Hydrocarbons and Geothermal Energy Office Kyle Haustveit said in a statement.The department said the exchange would secure an approximately 28% return premium, equivalent to 15.1 million barrels, and follows earlier exchange actions that already awarded around 80 million barrels from SPR sites.

Asia53d 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

Asia53d 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

Asia53d ago

SHAPE Australia Secures Over AU$1.16 Billion in Project Wins in H1

SHAPE Australia (ASX:SHA) secured project wins of more than AU$1.16 billion for the year ended April 30, up on last year's AU$981.6 million, according to a Tuesday filing with the Australian bourse.The company recorded modular revenue of over AU$63 million, more than double the fiscal 2025 result of AU$30.6 million, the filing said.Fiscal-year revenue is expected to be between AU$1.18 billion and AU$1.23 billion, up nearly 23% compared with last year's actual revenue of AU$956.9 million, per the filing.

ASX:SHA

Asia53d ago

Biome Australia Extends Supply Deal With Probiotical Through 2028

Biome Australia (ASX:BIO) has extended its exclusive supply agreement with partner Probiotical by two years through 2028, according to a Tuesday filing with the Australian bourse.The agreement was due to expire in June and was extended on existing commercial terms, per the filing.The extension comes as Biome looks to scale its presence across Australia, Canada, the UK, Ireland, and New Zealand.

ASX:BIO

Asia53d ago

Forrestania Resources Completes Acquisition of Hyden Project Holdings

Forrestania Resources (ASX:FRS) completed its acquisition of Hyden Project Holdings, including the Lady Magdalene and Lady Ada Projects in Western Australia, according to a Tuesday filing with the Australian bourse.The Hyden gold project has a mineral resource estimate of about 7 million tonnes at 1.3 grams per tonne grade of gold for 297,500 ounces of gold, per the filing.The acquisition delivers "clear exploration upside" and adds a "significant mineral resource base" near the company's Lake Johnston processing plant, it said.

ASX:FRS

Equities53d ago

IFM Warns It May Scrap A$3 Billion Sustainable Aviation Fuel Project Without Policy Support

IFM Investors may abandon a proposed A$3 billion ($2.2 billion) sustainable aviation fuel project in Australia unless the government introduces rules requiring airlines to use the cleaner-burning fuel, Bloomberg reported Monday.Danny Elia, IFM's global head of infrastructure asset management, said the company needs "demand-side" policy support to proceed with plans to produce sustainable aviation fuel from local agricultural feedstock."Within the next six or so months, we are really going to need to see some finality around the policy framework," Elia said in an interview with Bloomberg. "We actually need a demand-side mandate."Sustainable aviation fuel, or SAF, is viewed by airlines as a key tool to reduce aircraft emissions, though production remains limited globally due in part to the lack of supportive policies.

Asia53d ago

Fluence Secures Nearly $4 Million Water Treatment Contract in Texas

Fluence (ASX:FLC) said it has secured a water treatment contract worth about $3.7 million for the design and construction of a water treatment plant in Texas for an unnamed US manufacturer, according to a Tuesday Australian bourse filing.The facility can produce up to 1.5 million gallons of water per day upon completion, the filing added. It is expected to be installed and fully operational by the end of the year.

ASX:FLC

Asia53d ago

Orion Minerals Extends Copper Mineralization at South Africa Copper Project

Orion Minerals (ASX:ORN) intersected a 7.88-meter zone of "significant" visible copper sulfide mineralization at the Flat Mine East prospect of its Okiep copper project in South Africa, according to a Tuesday Australian bourse filing.The intersection is located 36 meters down-dip from a previously reported high-grade intersection that returned 15 meters at 4.8% copper from 248 meters, confirming that mineralization continues down-dip beyond the current indicated resource envelope, the filing added.Assay results from resource optimization drill hole OFMND244 at Flat Mine North also returned 21.34 meters at 1.55% copper from 147.72 meters, it added.

ASX:ORN

Equities53d ago

Trump's Proposed Gas Tax Holiday Would Cost $3.5 Billion a Month

President Donald Trump's proposal to suspend the federal gasoline tax would cost the U.S. government about $3.5 billion a month in lost tax revenue, Bloomberg reported Monday, citing analysts.Trump said Monday he would seek to pause the federal 18.4 cents-a-gallon gasoline tax "until it's appropriate," though the proposal would require congressional approval.Republican Senator Josh Hawley said he would introduce legislation to suspend federal gasoline and diesel taxes for 90 days, with the option for Trump to extend the measure.According to a March estimate from the Committee for a Responsible Federal Budget cited by Bloomberg, some of the lost revenue could be offset by higher economic activity, though additional debt servicing costs would outweigh those gains.A separate analysis from the Bipartisan Policy Center estimated the government would lose about $2.5 billion a month in gasoline tax revenue and roughly $900 million monthly from diesel taxes.

Asia53d ago

Steadfast Group Launches Minimum Holding Buy-Back

Steadfast Group (ASX:SDF) initiated a buy-back program for shareholders holding "unmarketable parcels" valued at less than AU$500, aiming to reduce the administrative costs associated with managing small shareholdings, according to a Tuesday filing with the Australian bourse.The company will repurchase and cancel around 51,621 shares held by 745 shareholders at AU$4.11 per share, based on the recent volume-weighted average price, per the filing.Shareholders holding 122 shares or fewer as of the record date of May 11, based on a closing price of AU$4.07 per share, will be automatically included in the program unless they opt out by submitting a retention form by June 26, the filing added.

ASX:SDF

Asia53d ago

Insurance Australia Group Targets Gross Written Premiums of AU$25 Billion by 2030 Under Refreshed Strategy

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, according to a Tuesday filing with the Australian bourse.The company disclosed long-term financial targets as part of its Ambition 2030 strategy to strengthen its position in the insurance markets of Australia and New Zealand, to serve more than 11 million customers by 2030.The firm will execute the strategy by focusing on retail and intermediated brands and distribution channels, deep customer data, modern technology platforms, and an integrated claims supply chain, it said.

ASX:IAG

Asia53d ago

The Gunma Bank's Profit Rises 34% in Fiscal Year 2025

The Gunma Bank's (TYO:8334) profit attributable to owners of the parent jumped 34% to 58.86 billion yen for the fiscal year 2025 from 43.90 billion yen a year earlier.The commercial bank's basic earnings per share increased to 154.87 yen from 113.82 yen a year ago, according to a Tokyo bourse filing on Monday.Ordinary income climbed 20% to nearly 265.97 billion yen for the year ended March 31 from 220.44 billion yen in the prior year.Gunma Bank declared a final dividend of 32 yen per share, payable from June 24.For the fiscal year 2026, the company expects attributable profit of 65 billion yen, basic EPS of 171.73 yen, and ordinary profit of 95 billion yen.Gunma Bank plans to pay interim and year-end dividends of 35 yen per share, each, for the year, higher than the dividends declared in the previous fiscal year.

TYO:8334

Asia53d ago

Symal Group Tightens Fiscal 2026 Normalized EBITDA Guidance

Symal Group (ASX:SYL) tightened its fiscal 2026 outlook for normalized earnings before interest, taxes, depreciation, and amortization (EBITDA) to AU$120 million to AU$126 million from AU$117 million to AU$127 million previously, according to a Tuesday filing with the Australian bourse.The update reflects ongoing strong operational discipline and effective delivery of projects, the filing added.The company maintained its 10% to 12% EBITDA margin target range, per the filing.

ASX:SYL

International53d ago

Volume of Ready-Mixed Concrete in New Zealand Rises in the March Quarter

New Zealand's seasonally adjusted volume of ready-mixed concrete rose 1.1% in the March quarter, following a 2.7% rise in the preceding three-month period, Stats NZ data showed Tuesday.In actual terms, volume rose 1.8% year on year to 869,652 cubic meters.In the year ended March, 3.7 million cubic meters of ready-mixed concrete were produced, down 3.8% from the prior corresponding period, per the report.

^NZ50

Asia53d ago

Tokyu Fudosan's Profit Jumps 25% in Fiscal Year 2025

Tokyu Fudosan's (TYO:3289) profit attributable to owners of the parent jumped 25% to 96.70 billion yen for the fiscal year 2025 from 77.56 billion yen a year earlier.The real estate company's basic earnings per share increased to 135.45 yen from 108.69 yen a year ago, according to a Tokyo bourse filing on Monday.Operating revenue rose 8.3% to 1.246 trillion yen for the year ended March 31 from 1.150 trillion yen in the prior year.In a separate disclosure, Tokyu Fudosan raised its final dividend to 26 yen per share, up from the initially planned 22.50 yen, payable on June 26.For the fiscal year 2026, the company expects attributable profit of 100 billion yen, EPS of 140.02 yen, and operating revenue of 1.4 trillion yen.Tokyu Fudosan plans to pay interim and year-end dividends of 25 yen per share, each, for the year.

TYO:3289

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