Logistics
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Sep 7 · 02:44·GlobeNewswire
AI · SaaS
AcroMeta to acquire a strategic stake in Macro-ATCLS Pte. Ltd., for the Ambient Temperature Cellular Logistics business.
Option to acquire an exclusive licence to deploy the Ambient Temperature Cellular Logistics platform across Southeast Asia.
The Group will continue to evaluate strategic opportunities that support its long-term growth.
[L-R] Signing ceremony between Mr Toh Ker How, Executive Director of AcroMeta Group Limited, and Ms Kawinyarat Mardpiratchata, CFO and Managing Partner of Macro-HRD Pte. Ltd.
SINGAPORE, Sept 7, 2026 - AcroMeta Group Limited (“AcroMeta”, or the “Company”, and together with its subsidiaries, the “Group”) today announced that it has entered into a non-binding term sheet (“Term Sheet”) with Macro HRD SG Pte. Ltd. (“Macro”), a Singapore-based provider of management consultancy services to the healthcare sector. The Term Sheet sets out the principal terms for a strategic partnership between AcroMeta and Macro-ATCLS Pte. Ltd. (“Macro-ATCLS”), the company through which Macro’s Ambient Temperature Cellular Logistics technology is being commercialised.
Mr Lawrence Toh, Executive Director of AcroMeta Group Limited, said, “This proposed strategic partnership gives us the opportunity to build a position in an industry where cell and gene therapy logistics are expected to grow at double-digit rates in the years ahead. We see this as a natural extension of our strategy to grow our portfolio beyond our core operations, and we’re excited about the potential to build a meaningful presence in bringing this technology into Southeast Asia.”
About Ambient Temperature Cellular Logistics (ATCLS)
Ambient Temperature Cell Logistics (ATCLS) is an emerging technology licensed by Macro HRD, designed to fundamentally transform the transportation and distribution of living cells and other temperature-sensitive biological materials by eliminating reliance on conventional refrigerated and cryogenic cold chains. ATCLS uses proprietary ambient-temperature preservation and reactivation technologies, supported by its proprietary Gradient Equilibrium Decision Modeling (GEDM) platform for real-time governance, chain-of-identity and process control, enabling dormant living cells to be transported at ambient temperature and reactivated at the point of use.
The opportunity addresses rapidly expanding markets including stem cells, CAR-T/immune-cell therapy, gene therapy, regenerative medicine, organ and tissue transplantation, and cell-and-gene-therapy logistics; the underlying markets cited in the project materials range from US$5.2 billion for immune-cell therapy to US$47 billion for organ transplantation, while the global cell-and-gene-therapy 3PL market is estimated at US$1.81 billion in 2025 and projected to reach US$16.95 billion by 2035 (25.1% CAGR).
Based on defined ambient-addressable segments, ATCLS estimates a Serviceable Addressable Market (SAM) of approximately US$14.5 billion by 2032, positioning the technology as a potential category-creating solution capable of reducing the cost, fragility and geographic limitations of conventional cold-chain logistics. (See Footnote 1)
Proposed Exclusive Licensing Arrangement for Southeast Asia
AcroMeta will have an option to acquire an exclusive licence to deploy the ATCLS technology across agreed territories in Southeast Asia, including the right to appoint sub-licensees. The proposed exclusive licensing arrangement is intended to provide AcroMeta with the rights to develop and commercialise the ATCLS business within Southeast Asia.
This structure allows AcroMeta to secure exclusive rights across the Southeast Asian markets, together with a first right to acquire additional territories, significantly expanding the Group’s potential commercial reach for the ATCLS technology.
Building AcroMeta’s Platform Growth Strategy
The Group intends to continue evaluating strategic opportunities to support its long-term value creation for shareholders. The Board remains focused on disciplined capital allocation as the Group progresses through its next phase of development.
Footnote 1: This information was provided by Macro's management and has not been verified by the board of directors. The directors have not audited or verified the data supplied by the company.
About AcroMeta Group Limited (SGX: 43F)
AcroMeta Group Limited (“AcroMeta” or the “Company”, and together with its subsidiaries, the “Group”), is in the business of facility management services. The Company has been listed on the Catalist board of the Singapore Exchange since 2016. For more information, please visit www.AcroMeta.com.
About Macro HRD SG Pte. Ltd. (Macro HRD)
Macro HRD is a Singapore-based biotechnology and therapeutics company established in 2024, focused on developing scalable, precision-medicine solutions for high-burden infectious diseases with significant unmet medical needs.
The company integrates advanced biology, therapeutic platform technologies and AI/ML-enabled decision systems to accelerate drug discovery and translational development from scientific research through clinical application. Its development portfolio includes innovative approaches targeting HIV/AIDS, HPV and other enveloped viruses, supported by proprietary therapeutic and drug-delivery platforms.
Macro HRD brings together an international network of scientific, clinical, regulatory, investment and technology expertise, with the mission of translating breakthrough science into novel therapeutics with meaningful global healthcare impact.
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Sep 6 · 23:00·ACN Newswire
Finance · SaaS
HONG KONG, Sep 5, 2026 - On 4 September, Capital Industrial Financial Services Group Limited (00730.HK, the “Company” or “Capital Industrial Financial Services”) issued an inside information announcement detailing its strategic expansion into robotics and intelligent manufacturing and a potential acquisition. According to the announcement, Shougang Industrial Investment (Beijing) Technology Innovation Co., Ltd currently holds approximately 24.84% of Beijing Robot Financial Leasing Co., Ltd. (the “Robot Leasing Company”) and, subject to applicable laws and regulations and requisite regulatory and approval procedures, intends to transfer the relevant shares to Capital Industrial Financial Services. The potential acquisition further demonstrates the Company’s strategy of extending its established supply chain management capabilities into the robotics value chain. Going forward, Capital Industrial Financial Services plans to broaden its presence across the upstream and downstream segments of the robotics value chain. Through supply chain management, equipment leasing and related services, it aims to progressively connect component and equipment suppliers, robot manufacturers, corporate end-users and a range of real-world use cases, while further developing services in equipment deployment, demand matching, supply-demand coordination, system integration and data services.
Integrating the Upstream and Downstream Robotics Value Chain: Synergies Across Supply Chain, Use Cases and Data Services
According to the Company’s announcement and publicly available information, the Robot Leasing Company, formerly known as Beijing State-owned Assets Financial Leasing Co., Ltd., was established in March 2014 and completed its business transformation in 2025. Under a “robotics + leasing” model, it supports the deployment of robots in real-world use cases, with a focus on addressing the “last mile” of commercialisation and adoption for innovative products. It primarily purchases robot assets from upstream equipment manufacturers and provides end users with access to equipment and related leasing services, thereby linking the upstream and downstream segments of the robotics value chain. The model is well suited to an industry characterised by rapid technological iteration, the need for real-world validation and demanding operations and maintenance requirements. The Robot Leasing Company currently serves areas including healthcare, education, elderly care, landscaping and water services, industrial manufacturing, commercial services, exhibitions and performances, and sporting events. it had connected with a cumulative 300 application scenarios, established business relationships with more than 130 robot manufacturers and facilitated the deployment of about 500 robots.
On the upstream side, Capital Industrial Financial Services plans to further extend its existing supply chain management capabilities into the robotics sector, leveraging operations and factoring services to facilitate transactions across the value chain and accelerate robot deployment. This is intended to create a business model in which supply chain services and real-world applications reinforce one another.
On the downstream side, the Company plans to address real-world demand through equipment leasing and scenario-based operations. Continued expansion of healthcare, education, landscaping, commercial, industrial-park and manufacturing use cases is expected to directly drive demand for robot procurement and equipment deployment. Going forward, the Company may connect equipment manufacturers with end customers across equipment selection, use-case matching, delivery, operations and maintenance, and post-lease services, allowing downstream demand to drive upstream procurement and gradually creating a cycle of “application demand – equipment deployment – supply chain procurement”.
Data and platform services represent a third area of expansion. Leveraging real-world environments within the Shougang ecosystem, including steel, industrial parks, healthcare and intelligent manufacturing, the Company may further expand into demand identification, supply-demand and procurement matching, system integration and online leasing. In this model, the upstream supply chain addresses “where to source”, downstream use cases address “where to deploy”, while data and platform services capture usage feedback and supply-demand information. Together, these elements can form an integrated value chain spanning supply chain coordination, equipment deployment, use-case operations and data services.
Accelerating Healthcare Supply Chain Expansion: Procurement Demand Connects Healthcare Institutions with Upstream Suppliers
On the same day, in a separate voluntary announcement, Capital Industrial Financial Services disclosed that Beijing West Business Factoring Company Limited, an associate in which the Company holds a 41.41% interest, entered into a strategic cooperation agreement with SHOUYI HEALTHCARE INVESTMENT CO., LTD (“Shouyi Healthcare”) and approved a credit limit of RMB200 million for healthcare supply chain financing projects. The parties will collaborate on commercial factoring and supply chain services across the healthcare supply chain, focusing on procurement activities and supplier-related needs involving pharmaceuticals, medical consumables and medical equipment.
Unlike the robotics business, where the entry point is equipment and real-world applications, the healthcare supply chain is anchored more directly in actual procurement. Procurement of pharmaceuticals, medical consumables and medical equipment connects healthcare institutions with a broad network of upstream suppliers, creating demand for supply chain services around working capital and accounts receivable.
From a business synergy perspective, Capital Industrial Financial Services can leverage these procurement activities to develop commercial factoring and supply chain services addressing the working-capital and accounts-receivable needs between healthcare institutions and upstream suppliers, creating a tangible avenue for extending the Company’s supply chain management capabilities into healthcare.
Interim Revenue Rises 99% Year on Year, with Supply Chain Management Emerging as the Main Growth Driver
Alongside its expansion into new business areas, Capital Industrial Financial Services’ existing supply chain business has continued to scale. In the first half of 2026, the Company recorded revenue of approximately HK$95.15 million, representing a year-on-year increase of 99% and nearly double the level in the corresponding period. Revenue from the supply chain management and financial technology business amounted to approximately HK$68.00 million, up 321% year on year and accounting for approximately 71.5% of the Group’s total revenue, making it the Group’s largest source of revenue. This indicates that supply chain management is becoming a core capability connecting procurement, suppliers, equipment and real-world applications.
At the same time, the Company maintained a sound asset position. As at the end of June, total assets amounted to approximately HK$1.969 billion, while capital and reserves attributable to owners of the Company were approximately HK$1.505 billion. Cash and cash equivalents stood at approximately HK$288 million, and the current ratio was 11.88 times, indicating ample overall liquidity.
Rights Issue Price at a Deep Discount to Book Value Enhances Subscription Appeal
Against the backdrop of rapid growth in its supply chain management business and continued expansion into new industry areas such as robotics and healthcare, Capital Industrial Financial Services has also launched a capital exercise. The Company proposed to consolidate every 50 existing shares into one consolidated share, followed by a rights issue of one rights share for every one consolidated share at a subscription price of HK$6.25 per rights share. Up to approximately 79.0788 million rights shares may be issued, with maximum net proceeds of approximately HK$488 million. For existing shareholders, taking up their rights entitlements on a pro rata basis may help preserve their relative ownership interests in the enlarged share capital while allowing them to participate in the potential growth generated by the Company’s next phase of business expansion.
More importantly, the rights issue price represents a substantial discount to book value. As at the end of June 2026, capital and reserves attributable to owners of the Company were approximately HK$1.505 billion. Based on the theoretical post-consolidation share count, net asset value per share was approximately HK$19.03, implying a discount of approximately 67% for the HK$6.25 rights issue price.
As the supply chain business continues to scale and the Company advances its expansion into robotics, healthcare and other new industry areas, its capital strength and financial flexibility are expected to be further enhanced. The sizeable discount to book value, together with expectations for continued business expansion, is also an important factor likely to draw market attention to the rights issue.
Overall, Capital Industrial Financial Services is advancing its expansion into new industry use cases in robotics and healthcare. In robotics, development is progressing across both upstream and downstream segments of the value chain: upstream, the Company is extending into component and equipment supply chains; downstream, it is addressing real-world demand through equipment leasing and use-case operations, while further expanding into supply-demand matching, system integration, and data and platform services. Together, these activities are gradually creating a business chain spanning supply chain coordination, equipment deployment, real-world applications and supporting services. In healthcare, the Company is leveraging procurement of pharmaceuticals, medical consumables and medical equipment to develop commercial factoring and supply chain services around the needs of healthcare institutions, upstream suppliers and accounts-receivable financing. Building on its existing business base, Capital Industrial Financial Services is progressively applying its supply chain management, financial leasing, commercial factoring and financial technology capabilities across new sectors and use cases, including robotics, intelligent manufacturing and healthcare, while exploring opportunities in robot leasing and operations.
As these businesses move towards implementation, the Company’s future growth drivers are expected to shift from the expansion of individual businesses towards a model of “replicating supply chain capabilities across multiple use cases”, building a business system centred on supply chain management, industrial technology and industrial finance services.
Sep 5 · 06:57·ACN Newswire
Retail · Logistics
AUBURN HILLS, Mich., Sept. 4, 2026 -- Woodland Direct, the nation's premier e-commerce site for fire products, is opening a new 47,000-square-foot distribution center in Reno, NV. This is the company's second distribution center, joining its world headquarters and...
Sep 4 · 17:44·PR Newswire
Retail · Logistics
Retired Army Captain and Logistics Innovator Michael Curtis Broughton Releases THE SEAPORT EXECUTION SYSTEM, a 2050 Blueprint for Automated Container Terminals. New book argues seaports must trade outdoor container stacking for indoor automated storage and retrieval, adapting systems proven by Amazon and Walmart to break freight's worst bottleneck.
Sep 4 · 17:26·GlobeNewswire
Energy · Automotive
The global advanced battery materials market is projected to grow from USD 64.8 billion in 2026 to USD 184.6 billion by 2036, at an 11.0% CAGR. Growth is driven by electric vehicle adoption, grid-scale energy storage, gigafactory expansion and advances in high-energy-density batteries. Cathode materials and lithium-ion batteries will lead the market, while solid-state batteries and energy storage systems will see the fastest growth. Asia-Pacific will remain the largest regional market, with Europe growing fastest amid investment, regulation and battery supply chain localization.
The global advanced battery materials market is projected to grow from USD 64.8 billion in 2026 to USD 184.6 billion by 2036, at an 11.0% CAGR. Growth is driven by electric vehicle adoption, grid-scale energy storage, gigafactory expansion and advances in high-energy-density batteries. Cathode materials and lithium-ion batteries will lead the market, while solid-state batteries and energy storage systems will see the fastest growth. Asia-Pacific will remain the largest regional market, with Europe growing fastest amid investment, regulation and battery supply chain localization.
Sep 4 · 14:53·GlobeNewswire
Finance · AI
HONG KONG, Sep 4, 2026 - In the context of accelerating digital transformation, the Hong Kong-Shenzhen Innovation and Technology Park Company Limited (hereinafter referred to as "HSITP") has leveraged SAP Cloud ERP to build a unified, modern enterprise management platform, comprehensively enhancing the park's operational efficiency and management transparency. SAP Cloud ERP serves as the core digital support, providing a foundation intended to support the park’s future development.
HSITP officially opened in December 2025 and is one of Hong Kong's key technology innovation platforms, positioned as a forward-looking carrier for innovation and industrial development. The park forms a synergistic layout with the adjacent Shenzhen Park in the Hetao Co-operation Zone, promoting scientific research innovation, industrial incubation, and the efficient cross-boundary flow of innovation and technology talent through dual-park collaboration, which poses higher requirements for the park's operational efficiency, management transparency, and digital capabilities.
Relying on SAP Cloud ERP's preset best practices and the professional implementation by partner DynaSys, HSITP completed the system go-live in just three months, achieving a smooth transition with minimal impact on daily operations, allowing staff to get up to speed quickly. Based on a unified data model, the park has integrated core processes such as finance, supply chain, procurement, and expense management, helping improve inter-departmental coordination and operational efficiency. Automated budget control eliminates manual input, improving accuracy.Centralized oversight and discrepancy tracking has boosted financial visibility. And one of the most exciting capabilities of SAP Cloud ERP is real time information.
“Staff now have instant access to up-to-date information about finance and procurement, so they can respond quickly to market changes or internal developments. And this single source of truth enables smooth collaboration across all departments,” said Gary Au, Finance Director, Hong Kong-Shenzhen Innovation and Technology Park Company Limited.
In terms of expense management, SAP Concur upgrades the original paper-based and manual processes to mobile and automated modes. Staff can submit expense claims in advance and complete pre-approvals, improving approval efficiency and significantly enhancing the standardisation and transparency of expense management.
Franky Lam, Associate Director of Information Technology, Hong Kong-Shenzhen Innovation and Technology Park Company Limited, said: "Digitalization is not only a tool for improving efficiency but also a core safeguard for business agility and strategic decision-making. SAP Cloud ERP combines superior performance with rapid value realization, making it our ideal choice. Through this data-driven management approach, we can respond quickly and advance steadily in a fast-evolving environment, laying a solid foundation for future growth."
In the context of rapid development in cloud and AI technologies, the key for enterprises to maintain competitiveness lies in whether they possess real-time, transparent, and sustainably scalable management capabilities. SAP Cloud ERP integrates core business processes into a unified system, supporting faster deployment, flexible expansion, and enhanced-performance operations, helping enterprises reduce complexity and costs while enabling more efficient value realisation, and supporting a solid digital foundation for sustained growth. The collaboration with HSITP serves as an example of how innovation and technology parks can approach digitalization to achieve efficient operations and regional synergistic development.
Looking ahead, HSITP will continue to improve its research and industrial infrastructure, posing higher requirements for operational efficiency and IT scalability. SAP Cloud ERP, with its centralized management and cloud-native architecture, not only helps reduce infrastructure and maintenance costs but also reserves ample space for the park's subsequent business expansion.
About SAP
As a global leader in enterprise applications and business AI, SAP (NYSE:SAP) stands at the nexus of business and technology. For over 50 years, organizations have trusted SAP to bring out their best by uniting business-critical operations spanning finance, procurement, HR, supply chain, and customer experience. For more information, visit https://www.sap.com/hk ‚
For media enquiries, please contact:
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Sep 4 · 04:23·ACN Newswire
Finance · AI
HONG KONG, Sep 4, 2026 - The company, which serves more than 100 Fortune Global 500 companies, derives over half its revenue overseas, and counts Baillie Gifford among its cornerstone investors
By Teri Yu
Intelligent robot-component supplier Mech-Mind Robotics Technologies Co. Ltd. (9615.HK) made its Hong Kong trading debut on Tuesday at an offer price of HK$107.70 per share, raising approximately HK$2.35 billion.
The listing was backed by cornerstone investors including century-old Scottish asset manager Baillie Gifford, Chinese insurance asset-management leader Taikang Life, Wall Street quantitative trading firm Jane Street, BYD's industrial investment arm Golden Link, and institutions such as Invus, Ghisallo, Ruihua, NGS Super Fund and E Fund.
Founded in 2016, Mech-Mind, whose name means "robot's brain," provides embodied AI infrastructure. Rather than building robot bodies, it supplies the “eyes, brains and hands” that give robots their intelligence and mobile abilities.
Its Mech-Eye industrial 3D cameras capture high-precision point-cloud data; its software platform, built around the Mech-GPT multimodal large model, handles perception, semantic understanding, task planning and motion control; and its Mech-Hand five-finger dexterous hands perform grasping and assembly. Together, the three form a closed loop from sensing to decision-making to execution in factories, warehouses and other operational settings.
The company has shipped more than 29,000 units worldwide to date, serving over 100 Fortune Global 500 companies, including CATL, BYD, Toyota, Midea and Foxconn, across more than 50 typical application scenarios. Third-party research cited in its listing documents ranks Mech-Mind first globally in the market for AI + 3D vision-guided non-specialty intelligent robot components, with 22.1% of the market by revenue in 2025. Its global shipment share topped 27% — more than its next four largest rivals combined.
Its revenue rose to 388.8 million yuan ($54.3 million) in 2025 from 268.8 million yuan in 2024 and 180.8 million yuan in 2023, averaging 46.6% annual growth over the two-year period. Its gross margin rose to 64.6% in 2025 from 51.1% a year earlier and 39.1% in 2023, while its gross profit climbed to 251.1 million yuan from 70.6 million yuan two years earlier.
The company’s losses are narrowing as its business scales. Mech-Mind’s adjusted net loss fell to 109 million yuan in 2025 from 334 million yuan in 2023. Its 2025 operating loss was smaller than that year’s R&D spending of 113 million yuan, suggesting the core business was nearing break-even before R&D costs. Existing customers accounted for 61% of revenue in 2023, rising to 78% in 2025 and 86% in the first quarter of 2026, while average deployments per customer climbed from 7.2 units to 13.2.
Revenue for the first quarter of 2026 rose 73.1% year on year to 106.9 million yuan, while its loss narrowed 19.5% to 56.8 million yuan.
Mech-Mind has targeted the global market since its founding, with 16 business centers covering major industrial hubs such as Tokyo, Seoul, Chicago and Munich. Its overseas revenue jumped to 195.5 million yuan in 2025 from 97.7 million yuan in 2024 and 58.6 million yuan in 2023, growing at an average of 82.7% annually, and accounting for a majority 50.3% of total revenue last year — up from 32.4% in 2023. The company now serves more than 900 overseas customers across 50 countries and regions.
Mech-Mind said it will allocate about 31.8% of the IPO proceeds to R&D, and another 29.4% to global expansion and commercialization. The remainder will fund a broader product portfolio and application scenarios, expanded production capacity, improved operational efficiency, and be used for general working capital.
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Sep 4 · 03:15·ACN Newswire
SaaS · Retail
ROMEOVILLE, IL, Sept 4, 2026 - Formerra, a leader in performance materials distribution, was recognized for its partnership at Eaton's 2026 Global Supplier Conference & Excellence Awards, held Thursday, August 27 in Beachwood, Ohio. Formerra was one of only 30 suppliers recognized with Eaton's Supplier Excellence Award from among the company's global network of more than 30,000 supplier partners.
Eaton grants the Supplier Excellence Award to suppliers that exceed expectations through exceptional performance, innovation, and contributions to growth. Formerra serves as Eaton's preferred plastics distribution partner, a role built through disciplined execution and engagement across Eaton's corporate organization and manufacturing sites.
While the partnership began over 15 years ago in North America, it now extends into Asia, Europe, and the Middle East, where Formerra recently established dedicated logistics and warehousing capabilities in Dubai to support Eaton's expansion in the region.
Formerra has broadened its support, extending beyond polymer distribution in response to Eaton's dynamic requirements. The scope now covers thermoset materials, finished goods distribution, supply chain optimization, global logistics, and technical application support.
"Eaton holds its supply base to a high standard, and this recognition reflects work our teams do every day across three continents," said Tom Kelly, Chief Executive Officer, Formerra. "Our people earned it by understanding how Eaton operates, anticipating needs, and solving problems before they reach a production line.
The relationship between Formerra and Eaton offers strengthened supply resiliency, reduced supply chain risk, vendor consolidation, and improved operational efficiency as Eaton continues to pursue global growth.
Caption: (L to R) Mike Hibbs, Global Category Manager, Eaton; Susan Logue, Sr. Key Accounts Manager, Formerra; Tom Kelly, CEO, Formerra
Key Details:
Formerra received the Supplier Excellence Award at Eaton's annual supplier conference.
Formerra was one of 30 suppliers recognized from a global network of more than 30,000.
Formerra serves as Eaton's preferred plastics distribution partner across North America, Asia, Europe, and the Middle East.
Formerra has established warehousing capabilities in Dubai to support Eaton's regional operations.
Support extends beyond plastics distribution into thermoset materials, finished goods distribution, supply chain optimization, and global logistics.
About Formerra
Formerra is a preeminent distributor of engineered materials, connecting the world's leading polymer producers with thousands of OEMs and brand owners across healthcare, consumer, industrial, and mobility markets. Powered by technical and commercial expertise, it brings a distinctive combination of portfolio depth, supply chain strength, industry knowledge, service, leading e-commerce capabilities, and ingenuity. The experienced Formerra team helps customers across multiple industries to design, select, process, and develop products in new and better ways - driving improved performance, productivity, reliability, and sustainability. To learn more, visit www.formerra.com.
Contact
Media Relations Global & Americas:
Jackie Morris
Email: Jackie.Morris@Formerra.com
Phone: 630.849.3620
SOURCE: Formerra
Sep 3 · 16:30·ACN Newswire
Finance · AI
MELBOURNE, Sept 4, 2026 - Copper-gold explorer and hybrid prospect generator Kincora Copper Limited (ASX: KCC) (TSXV: KCC) (Kincora or the Company) is pleased to provide an update on planned sole funded exploration over the upcoming Spring and Summer field season including over 25,000 metres of air-core drilling across four projects in Central West NSW, Australia.
The programs align with the Company's hybrid prospect generator model, under which partners fund the majority of exploration expenditure with Kincora generating large-scale porphyry system targets. The air-core programs complement ongoing asset-level partner discussions and are expected to add scale and value while upgrading Kincora's geological concepts.
HIGHLIGHTS
Sole funded budget of up to A$3-million
Board approval for extensive air-core drilling seeking to systematically and cost effectively advance 17 targets across four projects (Nyngan West, Fairholme, Cowal East and Trundle) expanding existing known mineralised porphyry systems and testing of new targets.
Formal process with potential new asset level partners progressing with strong interest.
Kincora's net cash position is forecast to further increase in both September and the December quarter with further receipt of proceeds from the US$10-million divestment of our Mongolian projects 1. Kincora's last reported cash balance was A$12-million 2.
Programs for 340 holes and over 25,000 metres
Nyngan West: Maiden drilling across both ultramafic and Macquarie Arc porphyry targets.
Fairholme: Seeking to expand a structurally controlled gold system at the Gateway target from a 1.6km to 2.6km strike, advance the adjacent Dungarvan target and expand three porphyry copper system targets in the northern portion of the license. Maiden drilling proposed across the strategically located southern Nerang target.
Cowal East: Series of drill lines across six targets stepping out from two known intrusive systems and maiden drilling of regionally significant geophysical anomalies.
Trundle: Very shallow drilling across a total of 19km2 area in the north, south and Dunns section of the project seeking to replicate the success of similar programs at the Northparkes project that have led to multiple porphyry copper-gold deposit discoveries situated within the same interpreted caldera.
Condobolin update: Full assay results pending for the completed 9-hole, 2,615 metre program with localised higher-grade gold and base metals 3. Independent review proposed to confirm interpretation of a Reduced Intrusion System geological target model and refine follow up.
New opportunities: Kincora continues to review a pipeline of new opportunities where it has a competitive advantage to add shareholder value including recent claim extensions of targets at the Fairholme and Cowal East projects. The Company is proactively utilising Geomorphic AI's proprietary system in the review process with thirty reviews undertaken to date 4.
President & CEO, Sam Spring, commented:
"We are excited to embark on an extensive air-core drilling program over the upcoming Spring and Summer field season, systematically advancing four key projects across our NSW portfolio.
Our projects and targets compete for capital and resourcing. These programs are designed to quickly and cost effectively test and advance our geological concepts, add scale and value, and position the highest-priority opportunities for larger-scale exploration.
Importantly, this work complements our hybrid prospect generator strategy. Following extensive independent, internal and next-generation technical reviews, we have commenced a formal process with potential new asset-level partners for a number of our more advanced and brownfield porphyry projects with strong initial interest. The planned sole funded drilling programs will complement this process.
With partner-funded drilling by AngloGold Ashanti continuing, management fee income being generated and further proceeds expected from the US$10-million divestment of our Mongolian portfolio, Kincora is well positioned to fund these programs while continuing to grow our net cash position and pursue new growth opportunities."
Figure 1: Kincora's NSW Project Portfolio
Eight projects in total, including the Northern Junee Narromine Belt project funded by and in partnership with AngloGold Ashanti where drilling is ongoing. Recent diamond drilling has taken place at the Condobolin project, results pending, with air-core drilling proposed at the Nyngan West, Fairholme, Cowal East and Trundle projects.
To view an enhanced version of this graphic, please visit:
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STRATEGY AND PROJECT OVERVIEW
As part of Kincora's ongoing portfolio review process, the Company's Technical Committee has evaluated the exploration and corporate strategy for each of its wholly owned NSW projects, with a focus on systematically advancing opportunities and generating shareholder value.
These reviews consider both technical and commercial factors in-line with the Company's hybrid prospector generator model, under which the majority of exploration expenditure is funded by asset level partners. Kincora's role is to secure prospective ground and undertake earlier stage, lower cost exploration activities to advance and validate geological concepts ahead of larger-scale drilling programs.
Recent internal and independent reviews across the portfolio have identified significant open and highly prospective areas within various wholly owned projects where extensions of mineralisation and/or open geophysical anomalies currently lack sufficient coverage to support deeper drilling. All targets and projects are ranked and compete for capital and resources, taking into account technical merit and operational considerations. From this process 17 targets have been prioritised for drilling during the upcoming Spring and Summer field season, when ground conditions and access are generally favourable for air-core drilling.
As discussions with potential partners advance around earn-in and joint venture funding models capable of supporting multi-year, multi-phase drilling, Kincora has also pegged open ground adjacent to priority targets at the Cowal East and Fairholme projects. The Company is now seeking to sole fund over 25,000 metres of air-core drilling at four projects. These programs are in addition to ongoing partner-funded drilling with AngloGold Ashanti, which has been underway since the 2025 end of year holiday break.
Air-core drilling is a fast and cost-effective technique for collecting basement samples under shallow cover to test and refine target areas mapping mineralisation, alteration, lithology and depth. These results help generate, test and refine targets and this technique has been a key phase in many significant discoveries in the Lachlan Fold Belt.
The spacing of Kincora's programs are reflective of the nature of the target, stage of exploration at the target and seeking to gain coverage over significant geophysical anomalies to help refine and determine where more detailed and expensive drilling is warranted.
NYNGAN WEST PROJECT
The Nyngan West project includes a single large licence (207.4km2) with no outcrop and has not previously been drill tested or basement rocks sampled. The project is prospective for two different mineral systems and is located to the immediate west of the Company's Nyngan project which is included in an earn-in and joint venture agreement with AngloGold Ashanti where drilling is ongoing testing maiden porphyry system targets. The program at Nyngan West is expected to be completed before year end.
Sole funded Kincora drilling will test two porphyry targets for potential extensions of the Junee-Narromine Belt of the Macquarie Arc under relatively shallow interpreted cover.
Drilling is also proposed to test a regionally significant magnetic high, gravity low anomaly and structurally controlled extensions interpreted to be part of the Fifield Suite. These targets are highly prospective for various critical minerals including scandium, nickel and cobalt, which are often hosted on similar magnetic highs to the west of the Junee-Narromine Belt.
Such settings host Sunrise Energy Metals Limited's (SRL.ASX, market capitalisation A$2.9-billion) namesake project and adjacent ground to Nyngan West.
FAIRHOLME PROJECT
Previous drilling by major mining companies, predominately Newcrest, has defined an extensive structurally controlled gold with base metals mineralised footprint in the south of the project at the Gateway target and several earlier stage porphyry copper targets to the north.
Previous exploration predominately focused on a traditional Macquarie Arc porphyry copper deposit model rather than the recent Cowal-style epithermal gold and/or hybrid porphyry copper-gold methodology, often off the shoulders of such geophysical anomalies and with greater weighting on geochemical vectors and structure. This newer exploration model has resulted in significant recent exploration success in the Macquarie Arc by Evolution Mining at the Cowal mine, Alkane Resources at Boda-Kaiser deposit, Waratah Minerals at Spur discovery and LinQ Minerals at the Dam/Gidginbung projects.
Koonenberry Gold is shortly planning sole funded drilling at its Wilga project west of Kincora's Fairholme project (and noting Newmont is earning into Koonenberry Gold's Fairholme project immediately adjacent to the north of our Fairholme project).
Initial air-core and diamond drilling by Kincora has already expanded the structurally controlled gold and base metals system at the Gateway target from 600 metres to 1,600 metres 5 with the proposed program seeking to expand this a further kilometre, as well as advance the adjacent Dungarvan target. Follow up step out drilling is also proposed at three highly prospective porphyry copper targets in the northern portion of the licence, Anomaly 2, Driftway C and Manna Creek.
Land access and maiden drilling are proposed across the strategically located southern Nerang prospect. Drilling at Fairholme is expected to commence immediately after the Christmas-New Year break.
COWAL EAST PROJECT
Previously the focus of limited drilling by BHP and Newcrest, the Cowal East project sits immediately to the east, on the other side of Lake Cowal to Evolution Mining's flagship Cowal mine and as close as 4km north of the Marsden porphyry copper-gold deposit. Like other projects on the Cowal Igneous Complex, there is limited outcrop with basement masked by relatively shallow post mineral cover.
Earlier in 2026, Kincora completed a 'traditional' ground gravity survey which upgraded various targets 6, with Atomionics Pte Ltd's next generation 'quantum" gravity survey scheduled to commence in November.
Kincora has designed a series of drill lines across six targets stepping out from two known Macquarie Arc intrusive complexes and maiden drilling of regionally significant geophysical anomalies testing similar targets and settings that led to the discovery of Marsden.
TRUNDLE PROJECT
Kincora's Trundle project is hosted in the interpreted western rift of the Northparkes Igneous Complex and with previous drilling predominately by the major mining companies returning large mineralised footprints at/near surface in the north and south of the licence 7.
Recently completed internal and independent reviews have identified multiple prospective and open mineralised intrusion centres, seeking to test more optimal interplays of structures occurring along prospective zones characterised by strong gradients.
Very shallow drilling across a total of 19km2 area in the north, south and Dunns section of the project is seeking to replicate the success of similar programs at the Northparkes mine and other side of the same interpreted caldera that have led to multiple porphyry copper-gold deposit discoveries, including the E44 deposit which is currently the focus of a multiple rig program and potentially the first satellite deposit to the existing mill.
MARKETING ENGAGEMENT
The Company announces that it has entered into a marketing services agreement with Resource Stock Digest (RSD), a resource-sector investor media and marketing company based out of Texas, U.S.A., effective September 2nd, 2026, pursuant to which, among other things, RSD has agreed to provide certain promotional services to the Company in accordance with TSX Venture Exchange (the Exchange) Policy 3.4 - Investor Relations, Promotional and Market-Making Activities. RSD has been engaged for a 2-month advertising and marketing program for total cash consideration of USD $75,000, which will be funded from the Company's general working capital as a single payment in September.
RSD conducts interviews with the Company and produces content that is distributed to RSD's subscriber base and connects issuers to the investment community across North America. There are no performance factors contained in the agreement, and RSD will not receive securities of the Company as compensation. RSD is arm's length from the Company and has no direct interest in the Company or its securities nor any right or intent to acquire such an interest. The agreement is subject to the approval of the Exchange. RSD is owned and operated by Gerardo Del Real and Nick Hodge and its contact details are as follows: Gerardo Del Real, 2250 Double Creek Dr #5669, Round Rock, TX 78665, USA; Email: editor@resourcestockdigest.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
Sam Spring, President and Chief Executive Officer
sam.spring@kincoracopper.com or +61431 329 345
Kaitlin Taylor, Investor Relations
investors@kincoracopper.com
Executive office
400 - 837 West Hastings Street
Vancouver, BC V6C 3N6, Canada
Tel: 1.604.283.1722
Subsidiary office Australia
C/- JM Corporate Services
Level 6, 350 Collins Street
Melbourne, VIC, Australia 3000
About Kincora
Kincora Copper Limited (ASX: KCC) (TSXV: KCC) is an emerging Australia-focused gold-copper explorer with a hybrid project generator strategy.
The Company is successfully proving up the prospectivity of its extensive project portfolio, which includes multiple district-scale landholdings and scalable drill ready targets. These assets are located in Australia's Lachlan Fold Belt, one of the globe's leading porphyry belts, and the historical Condobolin mining field within the Cobar basin in NSW.
The Company has already unlocked over A$100 million of potential partner funding for multiple earlier stage and/or non-core porphyry projects. These initial deals have supported over 20,000 metres of drilling and over A$10m of partner funded exploration since late 2024, with management fees and exploration ramping up.
Various partner discussions are ongoing for its remaining 100% owned flagship and advanced exploration stage porphyry projects.
By having a significant portfolio of partner funded large porphyry projects, and very focused capital efficient programs at our other sole funded projects, the Company is seeking to position Kincora as a leading institutional grade explorer in the public Australian and Canadian markets, and the leading project generator on the ASX.
The Company's website is: www.kincoracopper.com.
This announcement has been authorised for release by the Board of Kincora Copper Limited
(ARBN 645 457 763)
References:
Kincora is not aware of any new information or data that materially affects the information as disclosed to the originally sighted references:
1 Mongolian projects: Kincora press releases "Kincora receives payment for Mongolian Asset divestment" (May 19, 2026), "Kincora executes agreements for Mongolian Asset divestment" (July 2, 2026), and "Kincora quarterly report for the period ended June 2026" (August 14, 2026)
2 Last reported cash balance: Kincora press release "Kincora quarterly report for the period ended June 2026" (August 14, 2026)
3 Condobolin project: Kincora press releases "Kincora commences drilling at historic Condobolin Mining field" (April 28, 2026) and "Kincora quarterly report for the period ended June 2026" (August 14, 2026)
4 Geomorphic AI: Kincora press releases "Kincora engages Geomorphic AI" (April 29, 2026) and "Kincora quarterly report for the period ended June 2026" (August 14, 2026)
5 Fairholme project: Kincora press releases "First phase drilling results and commencement of phase two at the Fairholme project" (March 31, 2022), and "Kincora quarterly report for the period ended June 2026" (August 14, 2026)
6 Cowal East project: Kincora press releases "Kincora consolidates, commences Geophysics at Cowal East" (March 10, 2026), and "Kincora quarterly report for the period ended June 2026" (August 14, 2026)
7 Trundle project: Kincora press releases "Positive assay results for the Trundle and Fairholme projects" (August 18, 2022), and "Kincora quarterly report for the period ended June 2026" (August 14, 2026)
Third party information:
Koonenberry Gold Limited - disclosures regarding the Newmont Exploration Pty Ltd earn-in over the Fairholme Copper-Gold JV Project and planned drilling at the Wilga project.
Waratah Minerals Limited - disclosures regarding the Spur project and the Cargo Intrusive Complex.
Evolution Mining Limited - disclosures regarding the Cowal mine and the Northparkes mine, including the E44 deposit.
Alkane Resources Limited - disclosures regarding the Boda-Kaiser project.
LinQ Minerals - disclosures regarding the Dam and Gidginbung projects.
Sunrise Energy Metals Limited - Sunrise project disclosures; market capitalisation sourced from ASX market data as at close of business September 1st, 2026.
Kincora has not independently verified the third-party information referred to above, and it is not to be regarded as being reported, adopted or endorsed by Kincora.
Qualified Person
The scientific and technical information in this announcement was prepared in accordance with the standards of the Canadian Institute of Mining, Metallurgy and Petroleum and National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") and was reviewed, verified and compiled by Kincora's staff under the supervision of Peter Leaman (M.Sc. Mineral Exploration, FAusIMM), Senior Vice-President of Exploration of Kincora, and John Holliday (BSc Hons, BEc, member of the Australian Institute of Geoscientists), Non-Executive Director and Chairman of Kincora's Technical Committee, who are Qualified Persons for the purpose of NI 43-101.
JORC Competent Person Statement
Information in this announcement that relates to Exploration Results or Mineral Resources are those that have been previously reported (with the original release referred to in this announcement), and have been reviewed and approved by John Holliday and Peter Leaman, who are Competent Persons under the definition established by JORC and have sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. John Holliday and Peter Leaman consent to the inclusion in this report of the matters based on their information in the form and context in which it appears. The review and verification process for the information disclosed herein for the projects referred to in this announcement have included the receipt of all material exploration data, results and sampling procedures of previous operators and review of such information by Kincora's geological staff using standard verification procedures.
This announcement refers to historical exploration results, including drilling completed by Newcrest, BHP and other previous operators. Kincora has not independently verified this historical and third-party information, it is not to be regarded as being reported, adopted or endorsed by Kincora, and a Competent Person has not done sufficient work to classify the historical exploration results as Mineral Resources in accordance with the JORC Code. It is uncertain that further exploration will result in the determination of Mineral Resources or Ore Reserves. Kincora is not aware of any new information or data that materially affects the information referred to in respect of any historical estimates and confirms that all material assumptions and technical parameters underpinning those estimates continue to apply and have not materially changed.
Forward-Looking Statements
Certain information regarding Kincora contained herein may constitute forward-looking statements and "forward-looking information" within the meaning of applicable securities laws (collectively, "forward-looking information"). Forward-looking information is generally identifiable by the use of words "believes", "may", "plans", "will", "anticipates", "intends", "could", "estimates", "expects", "forecasts", "projects", and similar expressions, and the negative of such expressions. Such forward-looking statements or information include but are not limited to statements or information with respect to the planned exploration programs, drilling metres, hole counts, pending assay results, proposed independent reviews, budgets, review and potential pursuit of new opportunities, including the use and anticipated benefits of Geomorphic AI, the Company's forecast net cash position, expected receipt of funds relating to the announced divestment of the Mongolian projects and timing described in this announcement, the outcome of partner discussions, anticipated partner-funded exploration activities, and the marketing services agreement with Resource Stock Digest. Forward-looking statements may include estimates, plans, milestones, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Readers are cautioned not to place undue reliance on forward-looking information and statements.
Forward-looking information and statements are based on the then current expectations, beliefs, assumptions, estimates and forecasts about the Company's business and the industry and markets in which it operates. Forward-looking information and statements are made based upon numerous assumptions, including, among other things, the Company's ability to obtain and maintain necessary land access, permits and approvals; favourable weather and ground conditions; the availability of drilling rigs, personnel, contractors, equipment and laboratory capacity; the availability of sufficient funding; the receipt and timing of remaining proceeds from the Mongolian project divestment; the costs and timing of the planned exploration programs; the performance of counterparties under existing agreements; the continuation of partner-funded exploration activities and management fee arrangements; the willingness of prospective partners to enter into earn-in, joint venture or other asset-level arrangements; and general economic, market, regulatory and business conditions.
Forward-looking information involves numerous risks and uncertainties, including risks that planned exploration programs may be delayed, modified, reduced or not completed; that drilling or geophysical surveys may not produce results consistent with the Company's geological interpretations or objectives; that assay results may not confirm preliminary interpretations; that anticipated proceeds from the Mongolian project divestment may not be received in the amounts or within the timelines anticipated; that the Company's net cash position may not increase as forecast; that asset-level partner discussions may not result in definitive agreements, partner funding, exploration expenditures or management fee income; and that the Resource Stock Digest agreement may not receive Exchange approval or be performed as contemplated; risks associated with weather conditions, rig availability, access, resourcing, permitting, jurisdictional matters, counterparties, government approval, ESG, and general market and business conditions; and other factors, and actual results might differ materially from results suggested in any forward-looking information. Although Kincora believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations, geological concepts and plans will prove to have been correct. Kincora cautions that actual performance will be affected by a number of factors, most of which are beyond its control, and that future events and results may vary substantially from what Kincora currently foresees. Factors that could cause actual results to differ materially from those in forward-looking statements include: market prices; approvals; continued availability of capital and financing and general economic; market or business conditions; counterparty risk; sovereign risk; and investor sentiment. Accordingly, readers should not place undue reliance on forward-looking information and statements. Readers are cautioned that reliance on such information and statements may not be appropriate for other purposes.
The forward-looking statements are expressly qualified in their entirety by this cautionary statement. The information contained herein is stated as of the current date and is subject to change after that date. Kincora does not assume the obligation to revise or update these forward-looking statements, except as may be required under applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) or the Australian Securities Exchange accepts responsibility for the adequacy or accuracy of this release.
Sep 3 · 16:00·ACN Newswire
Finance · Logistics
TULSA, Okla., Sept. 03, 2026 -- (OTCQB:GLGI).
Sep 3 · 14:30·GlobeNewswire
Logistics
In August 2026, AS Tallink Grupp transported 611,913 passengers, representing a 2.8% increase compared to August 2025. The number of transported cargo units increased by 6.2% to 20,722 units, while the number of passenger vehicles decreased by 0.3% to 83,282 units compared to the same period a year ago.
Sep 3 · 06:00·GlobeNewswire