Yesterday, Medallion Metals Ltd (ASX: MM8) announced a $60 million placement to support the development of the Ravensthorpe Gold Project and boost growth drilling across its Western Australian portfolio.

What did Medallion Metals report?

• Raised $60 million via a single-tranche placement at $0.48 per share
• 125 million new ordinary shares to be issued to institutional and sophisticated investors
• Total available liquidity post-raise reaches approximately $175 million
• Funding underpins ramp-up to commercial gold-copper production at Ravensthorpe, plus processing at Forrestania
• Proceeds support mine development and accelerated extensional drilling at Kundip and Lounge Lizard

What else do investors need to know?

The fundraise was cornerstoned by respected institutional investors, showing significant confidence in Medallion’s strategy and assets. Proceeds will be used to advance development at Ravensthorpe and Forrestania, allowing the company to meet liquidity requirements for its financing facilities.

With this capital boost, Medallion Metals plans to ramp up exploration, particularly at priority targets such as Kundip and Lounge Lizard. This could enhance the company’s production profile and long-term sustainability.

What did Medallion Metals management say?

Managing Director Paul Bennett said:

Medallion emerges from this capital raising in an extremely strong position to progress to commercial production of gold and copper. Project development activities are advancing rapidly at both Ravensthorpe and Forrestania, with toll treatment expected to commence in October and commissioning of the expanded and modified process plant on Ravensthorpe feed targeted for mid-2027.

With the company’s funding position in excess of the project requirements, we have the ability to accelerate drilling programs at our most prospective targets, with the objective of growing the production profile across our projects. We welcome our new shareholders and appreciate the continued support of our existing shareholders. The backing of this high-quality group of resources investors is a significant endorsement of our team, assets and near-term gold-copper production strategy.

What’s next for Medallion Metals?

The company expects to commence toll treatment at Forrestania in October and aims to commission the upgraded Ravensthorpe plant by mid-2027. With strong financial backing, Medallion can accelerate drilling and advance projects with fewer funding constraints.

Investors can look forward to steady progress reports, including potential resource growth and milestone achievements across the portfolio throughout 2026 and into 2027.

Medallion Metals share price snapshot

Over the past 12 months, Medallion Metals shares have risen 77%, outperforming the All Ordinaries Index (ASX: XAO), which is flat over the same period.

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The post Medallion Metals bolsters liquidity with $60m placement for production and growth appeared first on The Motley Fool Australia.

More reading

• Medallion Metals announces Macmahon as preferred contractor for Ravensthorpe Gold Project
• Medallion Metals secures final regulatory approvals for gold project
• Medallion Metals reports drilling success in June 2026 quarter
• Medallion Metals extends high-grade mineralisation at Kundip

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 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.

Yesterday, PWR Holdings Ltd (ASX: PWH) reported record group revenue of $170.7 million, up 31%, and statutory NPAT of $17.9 million, up 83.2% for FY26.

What did PWR Holdings report?

• Revenue: $170.7 million, up 31.2% on the prior year
• Statutory NPAT: $17.9 million, up 83.2%
• EBITDA: $40.7 million, up 59.6%
• NPAT margin: 10.5%, up by 3 percentage points
• Final dividend: 5.0 cents per share, up from 2.0 cps
• Cash conversion: 104.9%, with free cash flow of $10.6 million

What else do investors need to know?

PWR delivered strong top-line growth, driven mainly by Motorsports (up 45%) and Aerospace & Defence (up 31%). Operating leverage improved, with margin expansion as the newly completed Stapylton facility enabled greater volumes and efficiency.

The company finalised its Australian factory move and invested in capability upgrades, including entry into the European market with a new Poland facility due to open in FY27. The Aerospace & Defence order book surged to $40 million, with PWR securing a follow-on US Government contract.

PWR continues to scale its engineering and production teams, now employing over 700 people globally. Investment in research and development grew to $14.9 million, supporting next-generation cooling technologies.

What did PWR Holdings management say?

Chief Executive Officer Sharyn Williams said:

Our record results reflect the strength of our technology and the dedication of our people. The momentum in Aerospace & Defence demonstrates the success of our strategic investments, and our new European base positions us well for further international growth.

What’s next for PWR Holdings?

Looking ahead, PWR expects its higher revenue baseline to be maintained in FY27, with Aerospace & Defence as the main growth driver. A phased start-up of the new Poland facility will support the company’s ambitions in the expanding European defence market, with FY27 investment and start-up costs expected to reduce NPAT by less than $1 million.

The board expects margin recovery to continue, aiming for a 2% statutory NPAT margin improvement in FY27. Growth is likely to be supported by greater automation, improved product mix, and expansion in both global motorsports and aerospace sectors.

PWR Holdings share price snapshot

Over the past 12 months, PWR Holdings shares have risen 26%, outperforming the All Ordinaries Index (ASX: XAO), which is flat over the same period.

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The post PWR Holdings reports record FY26 earnings and European expansion 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 positions in and has recommended PWR Holdings. The Motley Fool Australia has positions in and has recommended PWR Holdings. 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.

Yesterday, Service Stream Ltd (ASX: SSM) announced it has secured two contracts with Transport for Victoria worth $144 million over their initial five-year terms.

What did Service Stream report?

• Secured two Intelligent Transport Systems (ITS) maintenance contracts with Transport for Victoria
• Total contract value is $144 million over initial terms
• Each contract has a five-year initial term, with two possible two-year extensions
• Contracts cover maintenance, program management, and network operations support

What else do investors need to know?

The new contracts—the Victoria West ITS Maintenance Contract and the Motorway Communications Network Contract—expand Service Stream’s work in the Victorian transport sector. Work under both contracts is expected to commence in the fourth quarter of 2026.

The agreements further strengthen Service Stream’s annuity-style revenue base, boosting the company’s maintenance portfolio and providing improved visibility on future cash flows. This builds on Service Stream’s long-term customer relationships and capabilities in critical network management.

What did Service Stream management say?

Managing Director Leigh Mackender said:

The award of these two long-term maintenance agreements reinforces Service Stream’s position as a leading provider of transport technology and network maintenance services. The award further strengthens the Group’s maintenance portfolio and bolsters annuity-style work-in-hand revenues.

What’s next for Service Stream?

Service Stream expects work on these new contracts to commence in late 2026. The company will focus on seamless delivery and operational excellence while seeking additional growth opportunities in transport and network services.

Investors may watch for further contract wins or updates on integration and performance, as Service Stream aims to solidify its role in supporting Victoria’s critical infrastructure.

Service Stream share price snapshot

Over the past 12 months, Service Stream shares have risen 22%, outperforming the All Ordinaries Index (ASX: XAO), which is flat over the same period.

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The post Service Stream Limited wins two $144m Transport for Victoria contracts appeared first on The Motley Fool Australia.

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• Service Stream: Profit jumps and dividend lifted in FY26 results

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 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.