U.S. Export Import Bank considers loaning up to $200 million to Latrobe Magnesium

Latrobe Magnesium, which is commercialising a method of extracting magnesium and other useful material from brown coal fly ash, is one of seven Australian companies receiving Letters of Interest (LOIs) totalling over $US 2.2 billion (approximately $3.4 billion) from lender the U.S Export Import Bank (EXIM.) According to a statement from Latrobe Magnesium, EXIM’s financing…

Anguses in tech leadership team reshuffle at DroneShield

Drone countermeasures company DroneShield has promoted its software engineering team leader Angus Harris to CTO, with Chief Product & Technology Officer Angus Bean moving into the role of Chief Product Officer. According to a statement from DroneShield, which recently became an ASX200 company, Harris’s appointment reflected the company’s “continued growth and organisational maturity” as it…

Livium raises $4.5 million to accelerate clean energy waste recycling efforts

Battery recycling technology company Livium has announced firm commitments to raise $4.5 million through a share placement, with funding to support efforts including expansion of its large-format lithium battery collections across Australia, and the relocation and consolidation of its Victorian battery-recycling facilities into a centralised site. According to a statement from the ASX-listed company on…

Alpha HPA announces three deals to supply “zero-alpha radiation” materials to semiconductor sector

ASX-listed specialty chemicals company Alpha HPA says it has strengthened its position within the global semiconductor supply chain, executing three new letters of intent with unnamed global OEMs for the supply of high-purity aluminium products. According to an update from the company on Monday, the LOIs follow “more than a year of rigorous product qualification…

1414 Degrees gets licence to battery anode material tech, raises $1.2 million 

ASX-listed energy storage company 1414 Degrees is expanding its expertise in silicon-related products, gaining an exclusive licence for George Washington University’s Silicon Nanoparticle (SiNTL) Technology for battery anodes. According to a statement from the company on Thursday – which also included news of firm commitments for a $1.2 million raise through a share placement –…

Memphasys raises $0.84 million, cuts operating costs

A capital raise of $0.84 million (before costs) demonstrates growing confidence in the Felix sperm separation device, according to ASX-listed reproductive biotechnology company Memphasys. According to a statement from the company on Monday, it has successfully completed a share placement for that amount, with an additional non-renounceable rights issue to eligible shareholders potentially raising up…

Boral claims carbon capture milestone in recycled aggregate trial

Building products company Boral has claimed an Australian first, producing concrete incorporating recycled aggregates that  were “recarbonated” to store carbon dioxide from process emissions. According to a statement from the company – which is owned by ASX-listed SGH – on Monday, it took reclaimed concrete aggregates from its Widemere recycling facility, which were then used…

Omer Granit joins BluGlass’s board

ASX-listed compound semiconductor developer and maker BluGlass has appointed Omer Granit, who is also a board member of Australian-born US additive manufacturing business Amaero International, to the board of directors. According to an announcement from BluGlass on Monday, Granit is a US-based entrepreneur, investor, and lawyer, and replaces Vivek Rao, who is stepping down as…