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Digital infrastructure company Pentanet (ASX:5GG) attracted a lot of attention after it reported a significant improvement in operating and financial performance in a FY26 business update.
Group revenue was up eight per cent on PcP1 to $24.4 million while improved profitability with group EBITDA was up 74% to $2.4 million.
The company told shareholders the increased cost of gaming hardware has improved the value proposition for premium cloud-gaming via CloudGG compared to individual hardware ownership.
MD, Stephen Cornish, said Pentanet is an NVIDIA GeForce NOW Alliance Partner in Australia and New Zealand and this NVIDIA relationship is becoming more strategically important. Pentanet’s CloudGG premium cloud-gaming services are based on NVIDIA GPUs and Pentanet owns one of Australia’s largest clusters of high-powered NVIDIA gaming GPUs. Importantly, its Alliance Partner status also enables Pentanet access to NVIDIA GPU infrastructure upgrades.
5GG was up 60%, to 2.4¢ in morning trade.
Codrus Minerals (ASX:CDR) jumped after it announced it had secured an exciting growth and diversification opportunity in the copper, molybdenum and critical minerals sector after reaching agreement to acquire two high-potential exploration assets in Australia and Peru.
In Australia, the Copperhole Creek project encompasses an exploration permit covering a total area of approximately 62 sq. km located approximately 300km from Townsville and Cairns in Queensland.
The project contains multiple prospects with a defined land position and significant historical exploration results that have not been followed up with modern exploration techniques.
In Peru, the Tiquihua project comprises a mining concession encompassing approximately 100 hectares. The project has had small artisanal work and is considered prospective for potentially high-quality molybdenum, copper and other critical minerals.
The company has confirmed it has received firm commitments from various institutional, sophisticated and professional investors to raise up to $2,500,000 via a two-tranche non- underwritten institutional placement.
CDR jumped 34.6% to 0.9cps.
Hamelin Gold (ASX:HMG) was popular after obtaining further high-grade gold results from its maiden reverse circulation (RC) drill program at the Day Dawn gold project in the Paterson Province of WA.
Drilling has defined two distinct high-grade lode positions at the Aurora prospect.
New results from Altus, 50m southeast of Aurora, confirmed the emergence of reef-style gold mineralisation that remains unconstrained.
“The identification of both multiple lodes at Aurora and the emergence of high-grade reef style mineralisation at Altus represents a major step forward in our understanding of the Day Dawn gold system,” MD, Peter Bewick, said.
“What initially appeared to be a pair of steeply dipping high-grade lodes is now developing into a broader mineralised corridor containing multiple gold-bearing structures.
“With mineralisation remaining open, numerous untested targets and diamond drilling planned to test the system at depth, we believe Day Dawn could rapidly evolve into a significant new gold discovery in the Paterson Province.”
HMG climbed 17.7% to 20¢.
Looking wider, the S&P/ASX 200 was lower today, dropping 17.2 points or -0.19%.
The bottom-performing stocks in this index were Elevra Lithium (ASX:ELV) and Iperionx (ASX:IPX), down 6.37% and 3.28% respectively. Over the last five days, the index has gained 0.74% and is currently 2.64% off its 52-week high.
Outside the markets, the growth of electric vehicles, AI, and alternative energy is fuelling a surge of dealmaking in critical minerals and rare earths, according to Andrew Timbers and Nicholas Smith, co-heads of metals and mining in the Americas at Goldman Sachs Global Banking & Markets.
Goldman Sachs said the properties of copper, lithium, and elements used in defence such as tungsten and antimony are critical to the functioning of these rapidly growing technologies. So, too, are rare earth elements.
As demand accelerates, so is financial activity—including M&A, IPOs, and U.S. government investment aimed at closing the gap with China.
“Critical minerals now sit at the intersection of electrification, AI-driven power demand, and supply-chain security,” says Mr Timbers.
That’s Monday’s HotCopper Trends, I’m Colin Sandell-Hay - see you for close.
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