Tetragon Energy Ltd (ASX:TET) has started trading on the ASX after completing a $4 million IPO, with the newly listed company moving immediately to advance its Philippines oil and gas portfolio.
The Perth-based energy company raised the funds at 20 cents per share, giving it a market capitalisation of $8 million at the listing price. The IPO comprised 20 million new fully paid ordinary shares, alongside an in-specie distribution of 19,700,408 shares to Triangle Energy shareholders, resulting in 39,700,408 shares on issue.
In a good day for IPOs, FDC Consolidated Holdings Limited (ASX:FDC) has also started trading on the Australian Securities Exchange (ASX), marking a major milestone for the Australian construction and fitout group after 36 years in business.
The company listed under the ticker code FDC with a market capitalisation of $969 million at the IPO offer price of $3.00 per share, after raising $400 million through its initial public offering. Existing shareholders retained about 60% of the business following the listing.
Yield Guild Games (YGG) has launched vibecode.game, a new editorial and discovery platform for vibe-coded games, in partnership with Minds by Animoca Brands, as the two Web3 and digital economy players look to support the next wave of AI-assisted game creators.
The launch is being marked by the vibecode.game X Minds by Animoca Brands Corporation Ltd (Unlisted (AU):AB1)'s Game Jam, a four-week global virtual competition that will showcase how AI agents, rapid development tools and permissionless web publishing can help creators build and release playable games.
Cobre Ltd (ASX:CBE) has completed a strongly supported A$90 million placement, giving the company fresh capital to increase its exposure to the Sierra Atacama Copper Mine in Chile and fast-track production, development and exploration.
The placement received firm commitments from institutional, sophisticated and professional investors for about 300 million new fully paid ordinary shares at A$0.30 per share. It will be completed across two tranches, with Tranche 1 raising about A$72 million and Tranche 2 expected to raise about A$18 million, subject to shareholder approval.
ReNerve Ltd (ASX:RNV, OTC:RNVEF) has secured a convertible note funding facility of up to A$5 million with RiverFort Global Opportunities PCC Ltd, strengthening its balance sheet as it advances the commercial rollout of its nerve repair technology platform.
The facility gives ReNerve access to staged funding over a three-year availability period, with an initial drawdown of about A$1.6 million in gross proceeds to support near-term commercial and operational requirements.
Pantoro Gold Ltd (ASX:PNR, OTC:PNTOF, FRA:RKN) is targeting a lift in gold production in FY2027 as operational changes, new ore sources and ongoing investment across its 100%-owned Norseman Gold Project in Western Australia begin to take effect.
The company has set FY2027 production guidance of 90,000 to 105,000 ounces at an all-in sustaining cost of $2,800 to $3,400 per ounce, following FY2026 production of 77,408 ounces, including 18,028 ounces in the June quarter.
Surefire Resources NL (ASX:SRN, FRA:GBL) has signed a Heads of Agreement with Australian Flow Batteries Pty Ltd (AFB), positioning its Victory Bore Vanadium Project in Western Australia for downstream processing test work linked to Australia’s emerging vanadium flow battery supply chain.
Under the agreement, Surefire will provide AFB with a representative concentrate sample from Victory Bore for hydrometallurgical testing using AFB’s proprietary processing technology. The work will assess vanadium recovery performance, titanium dioxide and iron co-product recovery potential, and generate data to support future downstream processing pathways.
Pilbara Gold Ltd (ASX:PGL) has kicked off a major reverse circulation drilling program at its Roe Hills Gold Project near Kalgoorlie, targeting a 1.8-kilometre bedrock gold corridor that has not seen exploration at the Terra and Caliburn prospects for eight years.
The company has begun up to 12,000 metres of RC drilling across the two prospects, with most of the program focused on Terra and 1,600 metres earmarked for Caliburn. Drilling is expected to take around 2.5 months and be completed this quarter.
Astral Resources NL (ASX:AAR) has returned strong high-grade gold assays from in-fill drilling at the Theia deposit, reinforcing confidence in the Stage 1 open pit development plan for its 100%-owned Mandilla Gold Project near Kalgoorlie in Western Australia.
Mandilla includes the Theia, Iris, Eos and Hestia deposits and sits in the northern Widgiemooltha greenstone belt, a region that hosts major gold operations including the Golden Mile Super Pit, St Ives and Beta Hunt. In April 2026, Astral announced a mineral resource estimate of 53.5 million tonnes at 1.0 g/t gold for 1.74 million ounces of contained gold at Mandilla.
Cyprium Metals Ltd (ASX:CYM, OTCQB:CYPMF) has identified extensive copper mineralisation within the historical waste dump at its Nifty Copper Complex in Western Australia, pointing to a potential new feed source for the company’s phased copper cathode restart strategy.
The copper developer said a recent reverse circulation drilling program had targeted visible copper mineralisation in the waste dump next to the historical oxide open pit, with metallurgical test work now planned to assess mineralisation characteristics and leaching performance.
Telstra Corporation Ltd (ASX:TLS)’s nationwide outage has become more than a telco story. It has exposed how deeply Australia’s transport, payments, emergency response and small business systems now depend on mobile connectivity.
The disruption, which hit on Wednesday, affected mobile calls and data across the country, leaving some users unable to connect, businesses unable to process payments and regional train networks without reliable communications. Telstra said the issue was caused by a software defect affecting specialised network nodes used for time synchronisation, with no evidence of malicious activity.