ASX-listed phosphate chemicals producer Avenira has announced the raise of approximately $4.8 million before costs through a placement of new, fully-paid ordinary shares. Avenira is developing a phosphate mine at Wonarah in the Northern Territory and a lithium ferro phosphate (LFP) battery cathode materials plant at Darwin’s Middle Arm precinct In a statement on Wednesday,…
The defence contractor formerly known as XTEK has begun trading on the ASX under its new name, HighCom. In a statement on Wednesday, the company said that the change of name had been processed by the Australian Securities and Investment Commission. Its ASX ticker code has gone from XTE to HCL. The changes follow shareholders…
“Carbon leakage” review launched The federal government has opened public consultation on options to help address the risk of carbon leakage and its impact on heavy industries, such as steel and cement. Leakage occurs when industries move from countries with more ambitious emissions reduction policies to those with weaker policies. According to a statement on…
Fertiliser and explosives company Incitec Pivot announced on Monday morning that Brian Kruger has stepped down as Chairman and non-executive director, effective immediately, citing personal reasons. Kruger had been a director at Incitec since June 2017 and Chairman since July 2019. The company nominated delivery of sustained earnings for shareholders through COVID-19 and geopolitical instability…
What were the five biggest stories of the week? Here’s what visitors to this site were reading. 1) Brisbane’s Tritium to move production to US NASDAQ-listed electric vehicle charger manufacturer Tritium has ended speculation about the future of its Brisbane factory and announced that it will move production to Lebanon, Tennessee, in a bid to…
By Peter Roberts Shares in carbon fibre road wheel manufacturer Carbon Revolution disappeared from the ASX this week as the company’s shares began trading on the US NASDAQ exchange as Carbon Revolution Inc. The US listing was the culmination of a drawn out fight for survival which will see the company continue to manufacture at…
Wire arc additive manufacturing company AML3D has announced an order for one of its ARCEMY systems from Colorado Springs-based Cogitic Corporation, a supplier to the US Navy’s submarine industrial base. In a statement to the ASX on Monday, the company said the sale was for its largest-sized AM units, a 6700 Edition system, and was…
Amaero International’s board has decided to end operations in Australia, following the July announcement that it will locate its R&D, corporate headquarters and planned titanium powder factory in Tennessee. As its ASX statement on Tuesday put it, the company “resolved to commence the cessation of its operations in Australia”, reflecting a “commitment to focus its…
National Reconstruction Fund to hold inaugural meeting The board of the National Reconstruction Fund will hold its inaugural board meeting in Sydney on Monday afternoon. In attendance will also be Chair Martijn Wilder, as well as Kelly O’Dwyer, Kathryn Presser, Karen Smith-Pomeroy, Daniel Walton, Daniel Petre. Ahmed Fahour and Dr Katharine Giles will attend virtually. The make-up…
Business-to-business medical cannabis cultivator and manufacturer ECS Botanics has announced its full-year results, including a sharp increase in consolidated revenue and a maiden profit before tax. According to a statement from the company on Thursday it went through a “substantial expansion phase” over the year, with $16 million in receipts from customers (up 180 per…