Grants offered in latest round of Space Innovation Grant funding More money will be available to help get South Australian space technology on the market, when the second round of the SA Space Collaboration and Innovation Fund opens on 30 October 2024. In Round 2, one project will receive $320,000, triple the inaugural round. The…
The federal government will establish a consolidated Commonwealth-owned Defence Precinct at Western Australia’s Henderson shipyard to underpin continuous naval shipbuilding and nuclear submarine maintenance and support in the order of 10,000 well-paid, high-skilled local jobs. The government will make an initial investment of $127 million over three years to progress planning, consultations, preliminary design and…
Metals recovery business MTM Critical Metals has announced an oversubscribed capital raise worth $8 million as it seeks to commercialise its proprietary Flash Joule Heating (FJH) technology. In a statement on Wednesday, the company said it is now in “an even stronger position” to speed up development of a demonstration plant with a tonne-per-day capacity,…
Cold spray additive manufacturing company Titomic says it has successfully upped its equity raise from $25 million to $30 million “due to strong investor demand” as its focus continues to shift to the US market. As reported earlier this week, Titomic shares went into a trading halt on Monday as the company sought to raise…
Canadian rocket manufacturer Reaction Dynamics has signed a contract with Southern Launch to conduct the inaugural launch and flight of their RE-102 hybrid rocket engine and Aurora vehicle from the Koonibba Test Range in outback South Australia in 2025. The Aurora suborbital mission will serve as the maiden flight qualification test for Reaction Dynamics’ rocket…
Engineering group Civmec has agreed on a framework for the transfer of ownership of German-owned Luerssen Australia, its partner in constructing six Arafura Class Offshore Patrol vessels for the Royal Australian Navy under the existing SEA1180 contract. Upon completion of the potential transaction, NVL B.V. & Co. KG (Naval Vessels Lürssen) will transfer all its…
Battery materials company International Graphite has announced ‘outstanding results’ from bench scale micronising, spheroidising and purification testwork on graphite concentrates from the company’s Springdale Graphite Project in Western Australia. The testing, conducted by industry specialists ProGraphite GmbH, used 23kg of 95.3 percent loss on ignition (LOI) grade Springdale graphite concentrates to produce purified spheroidised graphite…
Gravitational energy storage developer Green Gravity has secured $9 Million in funding with strong backing from existing and new major strategic and financial investors. The company, which is repurposing legacy mineshafts for utility scale long-duration energy storage, secured financing from investors including HMC Capital, BlueScopeX, Pacific Channel and Sumisho Coal Australia Holdings (SCAP H, a…
Paladin Space will use a $100,000 South Australian government grant to progress its work into reducing the risk posed to spacecraft by space debris including defunct satellites, rocket parts and much smaller items floating in the Earth’s orbit. Harrison Box, the founder of Paladin Space, is developing an advanced reusable space debris remover that will…
By Peter Draper, University of Adelaide Finally, Australia’s rock lobster industry will be able to export to China again, following a deal struck on the sidelines of the ASEAN summit in Laos last week. It will take some weeks to finalise the paperwork, but Chinese diners can expect to eat our high-quality crustaceans as we…
