The Transurban Group (ASX: TCL) share price is trading lower today despite the toll road company revealing that it has been selected as the best value proposer to deliver Tennessee’s I-24 Choice Lanes project, in partnership with Ferrovial and Tikehau Star Infra. The 26-mile project has an estimated construction value of US$9.2 billion and a total concession value of around US$24.8 billion.

What did Transurban Group report?

• Transurban, with partners Ferrovial and Tikehau Star Infra, will design, build, finance, operate, and maintain the I-24 Choice Lanes in Tennessee, USA.
• The project covers 26 miles between Nashville and Murfreesboro, aiming to ease congestion and improve travel reliability.
• Estimated construction value: US$9.2 billion, with a total concession value of US$24.8 billion.
• Transurban’s equity share to be funded from existing balance sheet capacity over time.
• Financial close is expected by mid-2027, subject to finalisation of government funding.

What else do investors need to know?

This major win supports Transurban’s ongoing North American expansion and highlights its expertise in large-scale transport infrastructure. The project could strengthen the company’s global portfolio and long-term earnings outlook. However, the final capital and funding structure are yet to be finalised, with some details relying on government approvals and available concessional funding.

The project is designed to deliver more reliable travel choices for customers and potentially reduce congestion on one of Tennessee’s busiest corridors. The consortium approach with established partners Ferrovial and Tikehau Star Infra should also help manage project risk and execution.

What did Transurban Group management say?

Commenting on the news, Transurban’s CEO, Michelle Jablko, said:

The I-24 Choice Lanes Project represents an important opportunity to bring Transurban’s proven capabilities to Tennessee. The project is aligned with our strategy of pursuing disciplined, value-accretive growth opportunities in North America.

Our focus is always on the customer and creating journeys they can rely on. Together with our partners, we look forward to working with the state of Tennessee to deliver a project that transforms everyday connectivity and provides stress-free, reliable travel choice for decades to come.

What’s next for Transurban Group?

Transurban’s next steps include finalising the capital structure and securing government funding, with financial close targeted for mid-2027. The business expects to fund its share through existing balance sheet capacity over time.

This announcement furthers Transurban’s goal of disciplined growth while enhancing customer journeys in North America. Investors will be watching for updates on financial arrangements and project milestones as the I-24 Choice Lanes progresses toward construction and operation.

Transurban Group share price snapshot

The Transurban share price is trailing the S&P/ASX 200 index (ASX: XJO) slightly over the past 12 months with a decline of around 2%.

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The post Transurban Group chosen for landmark US$24.8bn Tennessee toll road project appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Transurban Group. The Motley Fool Australia has positions in and has recommended Transurban Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

The Eureka Group Holdings Ltd (ASX: EGH) share price is in focus today as the company delivered a 29% jump in underlying EBITDA to $21.7 million, and posted a 24% rise in revenue to $56.7 million for FY26.

What did Eureka Group report?

• Revenue up 24% to $56.7 million (FY25: $45.8 million)
• Underlying EBITDA climbed 29% to $21.7 million, above guidance
• Underlying profit before tax rose 23% to $14.7 million
• Statutory net profit after tax fell 17% to $16.7 million
• Assets under management increased 29% to $500 million
• Final dividend of 0.73 cps, full-year dividend steady at 1.46 cps (unfranked)

What else do investors need to know?

Eureka continued to scale its all-age rental segment, with homes in this division rising to 1,357 from 436 the year before. The group now has over 4,000 homes across 61 communities, with occupancy rates staying strong at 97% for seniors and 95% for all-age rentals.

Net tangible assets per security increased by 4.9% to 57.7 cents. The company’s balance sheet remains robust, with a loan-to-value ratio of 34.2%, comfortably inside internal and bank limits. Eureka also executed a Sustainability Terms Deed Poll, converting $180 million of debt facilities into Social Loans supporting its affordable housing focus.

What did Eureka Group management say?

Simon Owen, Managing Director and Chief Executive Officer said:

FY26 was the year our second earnings growth engine – all age rental – came online. We integrated seven new communities while delivering strong results in the seniors’ portfolio and finished above the top of our guidance range on both underlying measures. We enter FY27 with a significantly larger portfolio, a funded development pipeline and the same priority we have had throughout, which is to add well-managed homes in markets where the opportunity is the greatest.

What’s next for Eureka Group?

Looking forward, Eureka has guided for underlying earnings per share of at least 3.9 cents for FY27, forecasting at least 13% growth on FY26’s result. The company notes that FY27 has started on a strong foot, with three acquisitions already announced that will add 589 more homes and sites.

Eureka is also focused on delivering over 800 new rental homes through its development pipeline, including both modular expansions and greenfield opportunities. Management says balance sheet discipline and new capital partnership options will remain key priorities.

Eureka Group Holdings share price snapshot

Over the past 12 months, Eureka Group shares have risen 25%, outperforming the All Ordinaries Index (ASX: XAO), which has risen 1% over the same period.

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The post Eureka Group posts record all-age rental growth in FY26 results appeared first on The Motley Fool Australia.

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Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Eureka Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

The Minerals 260 Ltd (ASX: MI6) share price is rising today after the company released strong new drilling results from its 100%-owned Bullabulling Gold Project, including 7.8m at 9.0g/t gold from shallow depth and 19m at 1.5g/t gold from 172m.

What did Minerals 260 report?

• Received assay results for 46 drill holes, totalling 11,163 metres across the Phoenix, Bacchus, Kraken and Gibraltar deposits
• Significant high-grade intercepts such as 7.8m @ 9.0g/t Au from 15.7m (Bacchus) and 2m @ 15.6g/t Au from 148m (Phoenix)
• Recent results at Gibraltar incorporated into the July 2026 Mineral Resource Estimate (MRE), now 190Mt @ 1.0g/t Au for 6.2Moz
• Infill drilling at Phoenix and Bacchus continues to support upgrading resources from Inferred to Indicated status
• Five drill rigs active on site, focusing on resource growth, regional exploration and production readiness

What else do investors need to know?

The Bullabulling Gold Project, located near Coolgardie in Western Australia, now boasts a 6.2 million ounce JORC Mineral Resource. The majority of recent drilling has targeted resource conversion and extensions, with strong results confirming continuity and thickness of mineralisation in key areas.

These results provide further confidence for ongoing studies and support the company’s production-readiness efforts. Exploration is planned to continue across three focus areas: resource expansion, regional targets, and progressing necessary studies for development.

What did Minerals 260 management say?

Minerals 260 Managing Director Luke McFadyen said:

These results reflect the systematic infill and extensional drilling undertaken across Bullabulling as we continue to build confidence in the scale, continuity and quality of the 6.2Moz Mineral Resource and test the broader mineralised system. The results continue to demonstrate strong continuity across the major deposits, with encouraging higher-grade intersections returned at Phoenix and Bacchus and opportunities to extend mineralisation beyond the current Resource.

Our focus is on opportunities to unlock further growth from the broader mineralised system, including the assessment of higher-grade trends within the 6.2Moz MRE, extensions to the existing deposits and near-surface targets across the project area.

What’s next for Minerals 260?

Looking ahead, Minerals 260 plans further drilling programs throughout the remainder of 2026 and into 2027. These will focus on both upgrading existing resources and exploring for new zones at depth and along strike.

Updates to the Mineral Resource Estimate are anticipated in mid-calendar 2027. The company is also progressing with geotechnical, metallurgical, heritage, and environmental studies as it prepares for potential future development options at Bullabulling.

Minerals 260 share price snapshot

The Minerals 260 share price is up over 500% over the past 12 months, vastly outperforming the S&P/ASX 200 index (ASX: XJO).

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The post Minerals 260 drilling update: high-grade hits boost Bullabulling gold confidence appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.