The historic launch of an Australian developed and manufactured rocket is closer with Gold Coast-based Gilmour Space Technologies closing a $55 million Series D capital raise ahead of the company’s maiden orbital launch later this year. Led by Queensland Investment Corporation (QIC) with Blackbird, Main Sequence and Australian superannuation funds HostPlus and HESTA, the capital…
Orica the latest to create value from unused land Chemical and explosives business Orica has sold 66 hectares of unused industrial land at Deer Park in Melbourne to UniSuper for $260 million. The sale, stage 1 of a land sale process, netted a net profit after tax of $173 million for the Melbourne company. The…
Austal’s 18th LCS warship for the US Navy completes acceptance trials The future USS Kingsville constructed by Austal USA, part of the Perth-based shipbuilder Austal, has successfully completed acceptance trials in the Gulf of Mexico for the U.S. Navy. During acceptance trials, comprehensive testing is conducted on the ship’s major systems and equipment in order…
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,…
Orthocell solidifies partnership with UWA Tissue regeneration technology developer Orthocell has executed an agreement with the University of Western Australia to exchange UWA’s entitlement to royalties for equity in Orthocell. The company will issue UWA 1.71 million shares in the company at a deemed price of 35 cents, placing the university among the top 20…
Unmanned aerial vehicle engine manufacturer Orbital UAV is to raise $4 million via a placement to a new major investor associated with Coogee Chemicals and existing institutional backers. The raising, at 0.14 cents which is a 16.7 premium on today’s market price, has attracted as new shareholder the Executive Director of Perth manufacturer Coogee Chemicals,…
PepsiCo to trial hydrogen-powered truck PepsiCo Australia has launched its first hydrogen-powered prime mover, supplied by Pure Hydrogen, the company announced on Thursday. PepsiCo said this was a first in the FMCG sector and in its global operations. Pure Hydrogen will supply a hydrogen fuel cell-powered 160 kilowatt 6 x 4 prime mover for a…
