Market wrap: Nvidia surge causes string of new global share market records
Small Caps
by John Beveridge
22h ago
An overwhelmingly strong result from US artificial intelligence chipmaker Nvidia put a rocket under global technology stocks on Friday, leading to a string of record highs on global markets. Australia was not one of the many markets although records were set in the US, Europe and Asia. The ASX 200 still added 0.4% or 32.4 […] The post Market wrap: Nvidia surge causes string of new global share market records appeared first on Small Caps ..read more
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BPH Energy investee company Clean Hydrogen Technologies moves from proof of concept to production
Small Caps
by Colin Hay
2d ago
BPH Energy (ASX: BPH) investee company Clean Hydrogen Technologies Corp (CHT) has made a major breakthrough with plans to commercialise its unique hydrogen production technology. CHT, in which BPH has a 15.6% investment, has successfully moved its hydrogen technology developments from proof of concept to production. While increased production of hydrogen is viewed globally as […] The post BPH Energy investee company Clean Hydrogen Technologies moves from proof of concept to production appeared first on Small Caps ..read more
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Tightening supply and government support sparks lithium market optimism
Small Caps
by Colin Hay
2d ago
A number of recent international developments are providing positive impetus to the lithium market after a difficult start to the year. Earlier this week, lithium companies on the ASX saw their share prices jump on rumours that giant Chinese battery maker CATL had closed a major lithium mine. With a number of significant mines both […] The post Tightening supply and government support sparks lithium market optimism appeared first on Small Caps ..read more
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Bega Cheese reports impressive growth with top brands leading the way
Small Caps
by Imelda Cotton
2d ago
Australian food company Bega Cheese (ASX: BGA) has reported strong performance across all its brands for the first half of the financial year 2024. The company reported revenue growth of 3.2% to $1.73 billion — including growth of 8% in its branded division — demonstrating continued demand for its products across the board. Normalised earnings […] The post Bega Cheese reports impressive growth with top brands leading the way appeared first on Small Caps ..read more
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Classic Minerals inks major funding agreement for Kat Gap gold project development
Small Caps
by Colin Hay
3d ago
Classic Minerals (ASX: CLZ) has signed funding agreements totalling up to $91.8 million to support its development of the Kat Gap gold project in Western Australia. An initial binding terms sheet signed with Swiss-based AuResources AG will provide $15.3m first-tranche funding. The payment will help fund increase production capacity at Kat Gap and development of […] The post Classic Minerals inks major funding agreement for Kat Gap gold project development appeared first on Small Caps ..read more
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Piedmont Lithium to offload its stake in Sayona Mining for $59.9m
Small Caps
by Colin Hay
3d ago
Leading battery metals business Piedmont Lithium (ASX: PLL) is expected to add approximately $59.9 million to its balance sheet through the sale of the remaining shares it holds in its Quebec joint venture (JV) partner Sayona Mining (ASX: SYA). The announcement follows the recent confirmation that Piedmont had laid off a significant percentage of its […] The post Piedmont Lithium to offload its stake in Sayona Mining for $59.9m appeared first on Small Caps ..read more
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Nvidia outperforms analyst predictions with US$22.1b fourth quarter revenue
Small Caps
by Imelda Cotton
3d ago
American artificial intelligence (AI) company Nvidia has defied analyst predictions to post revenue of a whopping US$22.1 billion in its fourth quarter earnings report. Revenue for the three months to end January was 22% higher than the previous quarter and 265% higher than the same time last year. Analysts had expected the figure to be […] The post Nvidia outperforms analyst predictions with US$22.1b fourth quarter revenue appeared first on Small Caps ..read more
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PharmAust assembles world-class scientific advisory board to propel fight against neurodegenerative diseases
Small Caps
by Colin Hay
3d ago
Perth-based clinical-stage biotechnology company PharmAust (ASX: PAA) has pulled together a team of leading scientists to support the investigation of its lead treatment candidate monepantel (MPL). PharmAust is focused on repurposing MPL for the treatment of human neurodegenerative disorders such as motor neurone disease (MND) / amyotrophic lateral sclerosis (ALS). To help drive further development […] The post PharmAust assembles world-class scientific advisory board to propel fight against neurodegenerative diseases appeared first on Small Caps ..read more
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Aurum Resources sets sights on maiden resource at Boundiali with third diamond drill rig purchase
Small Caps
by Imelda Cotton
3d ago
Aurum Resources (ASX: AUE) has purchased a third diamond drill (DD) rig and accessories to expedite exploration at its Boundiali gold project in West Africa. The fully-hydraulic and portable rig will accompany two existing Nock 600 DD rigs inherited in Aurum’s acquisition of PlusOr Global last year. Over the past five months, the Nock machines […] The post Aurum Resources sets sights on maiden resource at Boundiali with third diamond drill rig purchase appeared first on Small Caps ..read more
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Woolworths CEO Brad Banducci to step down, group posts $781m half-year loss
Small Caps
by Imelda Cotton
3d ago
Woolworths Group (ASX: WOW) has confirmed that chief executive officer and managing director Brad Banducci will step down from the role in September after 13 years with the company and more than eight years in charge. The news comes just days after a bungled interview with the Australian Broadcasting Commission’s (ABC) Four Corners program, in […] The post Woolworths CEO Brad Banducci to step down, group posts $781m half-year loss appeared first on Small Caps ..read more
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