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The Stock Network (TSN) is your trusted source for ASX stock market news, key trends, and investment insights. Stay tuned for the latest reports, expert market analysis, and IPO updates.
ASX & US stock news headlines
Far East Gold (ASX:FEG) continues to urge shareholders to carefully consider all available information as the takeover battle with Xingye Gold intensifies. Managing Director & CEO Shane Menere joins Lel Smits from The Stock Network to explain why the Board believes this is a critical decision, respond to Xingye`s latest claims, discuss the Independent Expert`s valuation, and outline why shareholders should carefully assess the Far East Gold`s long-term value before accepting the Offer.
⚖️ Why Far East Gold believes this decision is critical
📊 The Independent Expert`s valuation
🛡️ Responding to Xingye`s latest claims
⛏️ FEG`s financial position and future strategy
📢 Founder message to shareholders
Streamplay Studio (ASX:SP8) says the Winter Burrow game, published by its wholly owned subsidiary Noodlecake Studios, has surpassed A$5.7 million in cumulative revenue since launch. The game will now soon enter into the mobile gaming market through the Apple App Store and Google Play.
🎮 Revenue growth: The Winter Burrow game has generated A$5.7 million in revenue and more than 700,000 downloads, purchases and player activations across PC and console.
📈 Player engagement: A recent Steam promotion boosted sales, while wish lists have grown to more than 520,000.
📱 Mobile launch: Winter Burrow is targeting an Apple App Store and Google Play release on 30 September 2026, expanding its audience into mobile gaming.
"Bringing the game onto mobile is an exciting next step for the team and creates an opportunity to introduce Winter Burrow to a significantly broader audience while continuing to support the existing PC and console community." – Ryan Holowaty, CEO of wholly owned Streamplay Studio subsidiary Noodlecake
49 Metals (ASX:49M) has delivered another strong set of drilling results from its Gold Mountain Project in Nevada, with a broad 64-metre gold intercept adding to confidence that the Company is defining a large gold system. The latest results expand the high-grade Adit Zone discovery, while multiple assay results are still pending. CEO Phil Carter joins The Stock Network`s Lel Smits to discuss the latest drilling results and what they reveal about the scale of the Gold Mountain project as the high grade discovery continues to grow.
🇺🇲 Broad gold system taking shape in Nevada, U.S.A.
⚒️ High-grade discovery continues to grow
🪓 Six drill holes still awaiting assays and follow-up drilling planned
Lumos Diagnostics (ASX:LDX) reports further commercial progress for its FebriDx® rapid diagnostic test in the United States, with a leading urgent care group beginning a network rollout and additional major accounts advancing through clinical and economic validation.
🏥 Network rollout: A top 100 U.S. urgent care group has moved directly into deploying FebriDx® across more than 30 sites following successful engagement, marking another step in Lumos Diagnostics’ commercialisation strategy.
📈 Pipeline building: Three additional tier-one urgent care groups, representing more than 230 sites, are progressing through clinical and economic validation, creating potential opportunities for broader network adoption.
🇺🇸 Commercial focus: Lumos Diagnostics continues to target the top 100 U.S. urgent care groups, which together represent an estimated 40% of all urgent care sites in the country; the company has also introduced a four-stage framework to track customer progression from engagement through to standardised adoption.
"These engagements are consistent with Lumos’ commercialisation approach of focusing resources on large multi-site groups where a successful initial validation can lead to a faster expansion outcome within an existing account." – Lumos Diagnostics CEO Doug Ward
Software-as-a-Service company Monvia has listed on the ASX with the ticker code of MNV. The Insurtech’s flagship product, the cloud-based end-to-end Monvia Life Platform, is a specialist software solution for life insurance groups. The product is deeply integrated into the operations of regulated life insurers, helping them deliver full life-cycle management for their advisors, customers and internal teams. Monvia has long-term relationships with a number of key clients, including MetLife, that have over time generated substantial ongoing recurring revenue streams for the company.
Media: The Stock Network, @lelsmits
Strategic Elements (ASX:SOR) is advancing development of a portable Moisture Energy Dock, designed to capture electricity generated by its proprietary Energy Ink™ technology from moisture and transfer it into a standard removable lithium-ion battery without any external power source.
💧 Moisture-powered charging: The Company is developing a pocket-sized device that aims to charge a standard removable lithium-ion battery using Energy Ink™ powered solely by moisture, with no mains electricity or external power supply.
📱 Real-world proof point: If testing is successful, the charged battery will be installed into a commercially available Nokia feature phone to determine whether it can power a one-minute voice call.
⚡ Modular platform: The Moisture Energy Dock features a modular design, allowing different Energy Ink™ cell packs and battery formats to be tested while supporting future applications across wearable devices, industrial settings and other moisture-rich environments.
"This is exactly the kind of ambitious, breakthrough Australian technology our Pooled Development Fund structure exists to back - patient capital for opportunities that take time to mature but can deliver significant upside." – Charles Murphy, Managing Director
Sovereign AI is AI that lives in a local data centre, so the data stays onshore, under local law and an Aussie company called SCX.ai Holdings (ASX:SCX) that does this is about to list on the ASX.
SCX is not trying to build the next Claude or ChatGPT, rather it`s selling a secure, local place for Australian organisations to run AI. Groups like government departments, banks, and hospitals that can`t have their data sitting on a server overseas.
#AI #ASX #AI #Australia #tech
SCX.ai Holdings (ASX:SCX) is seeking to become one of the ASX`s newest pure-play artificial intelligence companies through a proposed $40 million IPO, positioning itself as Australia`s sovereign AI infrastructure and services platform. SCX.ai CEO David Keane, founder of ASX success story Bigtincan (ASX:BTH), joins The Stock Network`s Lel Smits to discuss the company`s proposed ASX listing, Australia`s sovereign AI opportunity, enterprise demand for locally hosted AI, and how SCX.ai plans to build a leading domestic AI platform.
🇦🇺 Australia`s sovereign AI opportunity
🔔 Preparing for an ASX listing
🖥️ Building Australia`s AI infrastructure
🚀 Scaling enterprise adoption
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Resources stocks & mining stocks
49 Metals (ASX:49M): New drill results show broad gold system emerging at Gold Mountain
QMetco: Positioning for long-life metallurgical coal production in Queensland's Bowen Basin
Broken Hill Mines (ASX:BHM): Achieves record production after Pinnacles restart in Broken Hill, NSW
Sky Metals (ASX:SKY): A growing resource and imminent PFS at Tallebung Project, New South Wales
Oceana Metals (ASX:OCN): Unlocking the scale of Serra Negra's rare earths potential
Far East Gold (ASX:FEG): Reaffirms rejection of Xingye bid after independent expert review
Pantoro Gold (ASX:PNR): High-grade Racetrack discovery drives Norseman's next growth phase
Kincora Copper (ASX&TSXV:KCC): Definitive agreements executed for US$10M Mongolian asset divestment
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Far East Gold (ASX:FEG): Board responds as Xingye takeover battle intensifies