Daily Roundup

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Vection Technologies is riding high on AI momentum, securing approximately $2.3 million in new contracts across five sectors. The company's Algho AI platform powers four of these deals, spanning healthcare analytics, luxury fashion, public services accessibility, and airport passenger assistance. What's particularly noteworthy is the fifth contract in the security segment—it marks Vection's first recurring revenue contract in that space, worth roughly $1.3 million in annual recurring revenue that's already fully recognized in FY26. The company expects to recognize about $2 million of this haul in FY26, with the remaining $300,000 flowing into FY27.

CleanSpace Holdings has cleared an important regulatory hurdle with its AGILE PAPR device. The respiratory protection equipment has now achieved certification to Australia and New Zealand's AS/NZS 17420.2:2021 standard, following hot on the heels of its recent European EN 12941 (TH2) certification. This dual certification opens doors across major global markets for the device, which targets workers in high dust environments like mining, construction, and manufacturing—industries increasingly focused on worker health and safety.

Iluka Resources is making serious moves in the rare earths space. The company has locked in a binding, multi-year offtake agreement with a global automotive company, representing roughly 10% of its planned production. The deal, which kicks off in 2028 for an initial four-year term, covers 1,200 tonnes of magnet rare earth oxides including neodymium, praseodymium, dysprosium, and terbium. The agreement guarantees minimum revenue of US$155 million over the contract period, though industry forecast pricing suggests it could reach US$172 million—a solid floor for managing downside risk while securing supply certainty.

On the construction side of its rare earths ambitions, Iluka has also confirmed full access to the A$1.65 billion non-recourse loan from Export Finance Australia for its Eneabba refinery. Civmec has been awarded the structural, mechanical, piping, electrical, and instrumentation contract to complete the facility. The refinery is already over 50% complete, and Iluka expects it to hit 75% completion by year-end 2026, with commissioning targeted for mid-2027. The capital estimate remains A$1.7–1.8 billion.

Lycopodium Limited has landed a major project win, securing the A$196 million EPCM contract for Resolute Mining's Doropo Gold Project in Côte d'Ivoire. The contract covers engineering, procurement, equipment supply, and construction management for a 4.9 million tonne per annum processing plant and associated infrastructure. The project is expected to operate for roughly 13 years across multiple open pit mines in north-eastern Côte d'Ivoire. Lycopodium has already been involved in earlier phases, including the feasibility study update delivered in 2025, so this award builds on established momentum.

Dexus is rewarding investors with a distribution of 17.7 cents per security for the first half of 2026. The unfranked distribution will be paid on 28 August 2026, with an ex-distribution date of 29 June and a record date of 30 June. The real asset manager, which oversees a portfolio valued at $51.5 billion, will provide final distribution details when it announces its full-year results.