Category: News

Rare earth mineral and mineral sands mine developer VHM Ltd (ASX: VHM) has released the results from a test program at its world-class Goshen project. The pilot-scale test confirmed that the project’s Rare Earth Mineral Concentrates (REMC) are highly amenable to conventional processing to produce a Mixed Rare Earth Carbonate (MREC) product.

A group of Aussie tech entrepreneurs are set to list their company on a major US stock exchange. Backed by some of the most prominent high-net-worth and institutional investors in Australia, Alta believes it has achieved astonishing growth on its journey to becoming the key fitness marketplace within one of the largest and fastest growing sports markets in the world – mixed martial arts (MMA).

Australian investors continue to have one eye fixed on US Congress, as it seeks to hammer out a deal to extend the government’s debt ceiling and avoid a catastrophic default. Progress on that front bolstered the ASX early week, with Monday delivering the largest one-day gain for over six weeks.

Every second week we invite a leading fund manager to present at The Insider: Meet the Fund Manager. In March 2023, we were joined by David McNamee, Portfolio Manager of Altor Capital’s wholesale Alpha Fund who chose Ai-Media Technologies Ltd…

Health and wellness operator Wellnex Life Ltd (ASX: WNX) is set to gain from Australia’s pain relief. The company is poised to extend its reach further into the nation’s $10.7 billion (2021 IQVIA Scan Data from February 2022) health and wellness market after entering a binding agreement to acquire pain relief brand Pain Away.

AI-powered surveillance tech business Spectur Limited (ASX: SP3) has shored up its capital position thanks to a successful restructuring of its debt facility in a move which management hope will take the company through to positive operating cash flow as it continues to execute on its growth plans.

Mike Cannon-Brookes has prevailed as the winning bidder for mega solar project Sun Cable, after a 5 month long administration process left his investment vehicle – Helietta Holdings – agreeing to acquire Sun Cable’s assets. The billionaire climate activist is taking on the unprecedentedly large project with Quinbrook Investment Partners. The consortium managed to beat out Andrew Forrest’s Squadron energy, and while the price is still undisclosed – it’s understood to be less than $100 million.

A heated debate developed during an internal town hall at Commonwealth Bank last week when the bank’s CEO put an end to working from home. The boss’ demands are reported to have been met with ‘outrage’ – not surprising considering that an estimated 59% of Australians regard flexible working arrangements as a top benefit that an employer can offer.

Alaskan gold explorer Felix Gold Ltd (ASX: FXG) has commenced a 40 hole, 3,500m resource definition drilling program at their flagship Treasure Creek Project. The company’s 392km2 tenement package has over 40km of strike in the prolific Fairbanks Gold District (Alaska, USA), which has produced over 16Moz and is home to multiple 5-10Moz+ deposits. Felix is targeting a Maiden Mineral Resource Estimate (MRE) for the NW Array Southern Zone in Q4 CY2023.

Every second week we invite a leading fund manager to present at The Insider: Meet the Fund Manager. In March 2023, we were joined by Jai Mirchandani, Founder and Portfolio Manager at ELM Responsible Investments who mentioned Calix Ltd (ASX:…

Like it or not, Artificial Intelligence is here to stay. According to Next Move Strategy Consulting, the Artificial Intelligence (AI) industry is currently worth almost US $100 billion dollars and is expected to continue growing strongly in the coming decade to nearly US $2 trillion dollars by 2030.

Markets have remained range-bound over the past week, with the ASX200 remaining smack in the middle of its May range of circa 7,150-7,350 and the US’ S&P 500 showing a similar pattern. At the same time, volatility has been on the rise over past days and gold seems to remain well supported just under US$2,000/oz.