We’re pleased to announce we’ve agreed to acquire Vast Solar Aurora Pty Ltd, securing 100% ownership of SiliconAurora Pty Ltd and full control of the Aurora Energy Precinct.

We’ve continued to lead Aurora’s development since Vast Solar Aurora entered administration in November 2025, advancing the precinct as a scalable, firmed renewable energy and infrastructure site for mining, data centres and other high-intensity energy users. During this period we progressed the 275kV transmission connection, identified a 33kV development pathway, and signed a Heads of Agreement for the proposed development of up to 1 GW of AI data centre infrastructure.

The transaction consolidates all project entities, site interests and associated development approvals under our ownership, removing the previous joint venture structure and enabling us to progress the Crown Sponsored precinct under a unified commercial strategy. SiliconAurora, 1414 Degrees and Vast Solar Aurora have collectively invested more than $10 million in the site, approvals and project development to date; we will acquire Vast Solar Aurora for $350,000, consolidating that investment under our ownership.

Aurora is a 1,580-hectare (15.8 km²) energy and industrial precinct near Port Augusta in South Australia’s Upper Spencer Gulf region, positioned for the staged development of renewable generation, battery storage and high-demand energy infrastructure. The site’s approved Stage 1 development includes a 140 MW / 280 MWh BESS, and the project has completed key technical requirements for its proposed transmission connection, progressing to commercial access negotiations with ElectraNet. A potential 33kV connection pathway has also been identified to support earlier-stage development ahead of the larger 275kV connection, with any connection remaining subject to the relevant technical, commercial and regulatory processes.

With full ownership secured, we’re moving Aurora into its next phase of development, focused on staged infrastructure delivery, securing customers, and developing the precinct as a firmed renewable energy hub for mining, data centres and other high-intensity energy users. The move also simplifies the structure through which we can engage with prospective customers, infrastructure providers, financiers and capital partners.

Dr Kevin Moriarty, Executive Chairman, commented:

“Securing full ownership of Aurora gives 1414 Degrees control of a strategically important energy and infrastructure precinct at a time when its commercial potential is becoming increasingly clear. We have approval from AEMO for connection of the BESS and have signed a Heads of Agreement for up to 1 GW of AI data centre infrastructure. Aurora combines substantial land, scalable power infrastructure, renewable generation and storage potential in a location suited to major energy users. Our focus now is on converting that position into staged, commercially viable projects and revenue opportunities.”

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Update on our onging SiNTL silicon-anode research programme, conducted in partnership with George Washington University.

A SiNTL formulation targeting a specific capacity of approximately 550 mAh/g has now completed more than 640 charge-discharge cycles while maintaining acceptable capacity, with testing continuing. This sits within a broader development program in which multiple SiNTL formulations are demonstrating sustained cycling performance, with several now exceeding 400 cycles.

A newer, higher-capacity formulation has demonstrated a specific capacity of approximately 600 mAh/g in early-stage testing. This result is preliminary, with fewer than 100 cycles completed to date, and further cycling is required before capacity retention can be assessed.

We’re investing in advanced equipment at George Washington University to support development and testing of higher-capacity SiNTL formulations, including cells with fast charge and discharge, and expanding SiNTL material production capability to provide greater quantities for anode development and third-party evaluation.

SiNTL is designed around two linked commercial objectives: increasing anode capacity while reducing the complexity and cost of silicon-anode manufacture, using a comparatively low-temperature production process. Lower manufacturing cost alone isn’t enough, though — the material must also retain its capacity through repeated charging and discharging, which is exactly what these extended cycling results test.

These results are directly relevant to the applications we’re already pursuing: UAVs and drones through our evaluation agreement with Energia-2000, a Ukrainian government-approved manufacturer of over 72,000 UAVs per year; aerospace and space through our agreement with Space Industries and Orbit Boy; and battery manufacturing through our recently announced letter of intent with JR Energy Solution in South Korea, where cycling data of this kind forms part of the technical evidence manufacturing partners assess when developing formulations for further cell development and potential scale-up.

Dr Kevin Moriarty, Executive Chairman, commented:

“The commercial opportunity for SiNTL is not simply about achieving higher capacity. We are developing a silicon-anode material that is designed to be simpler and substantially lower cost to manufacture than many competing approaches, while still delivering the performance battery customers require. Passing 640 cycles at around 550 mAh/g adds important evidence that those objectives can come together. At the same time, we are continuing to push capacity higher, with a newer formulation now demonstrating approximately 600 mAh/g in early testing.”

-> View the full ASX announcement here

We’re pleased to announce we’ve signed a letter of intent with JR Energy Solution (JRES), a South Korean battery electrode and cell manufacturer, to jointly develop electrodes and battery cells incorporating our SiNTL silicon-anode material, with an initial focus on high-performance applications including defence, UAVs, space and robotics.

JRES operates a specialised battery electrode foundry in Eumseong, South Korea, manufacturing electrodes and cells to customer specifications for international battery developers. The company runs a 79,200 m² facility with current annual production capacity of approximately 500 MWh, and has announced plans for two additional 2 GWh-scale electrode factories as it expands into defence and robotics markets.

Under the LOI, we intend to evaluate SiNTL material samples, develop and optimise electrode formulations, manufacture electrodes and cells, and undertake half-cell and full-cell performance testing across capacity, energy density, cycle life and rate capability. This work will establish the technical base for a definitive manufacturing agreement covering scale-up and production of SiNTL-based battery cells at JRES’s facilities, giving us a pathway to scaled cell production in South Korea without building our own manufacturing capability.

The collaboration adds to our existing pathways into high-value end markets: development and scale-up work continues at George Washington University, alongside our agreement with Energia-2000 for UAV applications and our agreement with Orbit Boy and Space Industries for space and satellite applications. JRES could provide the electrode and cell manufacturing capability to support application-ready batteries across those programs.

Battery supply-chain concentration is an increasingly important consideration for defence, aerospace and other strategically sensitive markets. According to the International Energy Agency, the global lithium-ion battery market exceeded US$150 billion in 2025, with China manufacturing well over 80% of all batteries globally, and South Korea and Japan identified as the only other countries with notable midstream battery industries. The global silicon-anode battery market specifically is forecast to grow from approximately US$0.4 billion in 2025 to US$25.8 billion by 2035.

Dr Peter Yaron, Chief Technology and Operations Officer, commented:

“This agreement with JRES adds an important manufacturing pathway as we progress SiNTL toward real-world applications and commercialisation. We already have pathways into UAV, defence and space markets. Access to versatile electrode and cell manufacturing capability in South Korea gives us another option to support those programs and scale production as demand develops.”

Duke Oh, CEO of JR Energy Solution, commented:

“We’re seeing growing demand from customers seeking high-performance battery solutions and diversified manufacturing supply chains, particularly in defence, robotics and other specialised applications. We look forward to evaluating 1414 Degrees’ SiNTL technology through our electrode and cell development process and exploring the potential for future manufacturing cooperation.”

→ Read  the full ASX announcement

Power is rapidly becoming one of the defining constraints on the global AI data centre build-out.

A recent US transaction has highlighted just how valuable rapid access to large-scale electricity supply is becoming.

Energy Vault has announced an agreement to deploy 1.25 GW of integrated power infrastructure for hyperscale AI data centres in Texas, with initial deployments expected within four to twelve months. The project is designed to bring AI compute capacity online ahead of traditional utility connection timelines.

The underlying challenge is increasingly familiar: AI data centres require enormous amounts of reliable electricity, while conventional grid connections can take years to secure.

That challenge is central to the opportunity 1414 Degrees sees at the Aurora Energy Precinct in South Australia.

In July, 1414 Degrees signed a Heads of Agreement with an Australian data centre developer to develop up to 1 GW of AI data centre infrastructure at Aurora. The proposed development is staged, beginning with an indicative 17 MW starter campus using the identified 33 kV connection pathway, progressing to a 200 MW anchor campus following the proposed 275 kV transmission connection, and providing a longer-term pathway to gigawatt scale as additional grid and generation infrastructure is developed.

The staged approach reflects a broader shift in the data centre market, where access to power, and the ability to bring capacity online progressively, is becoming a critical factor in site selection and development.

In Australia, there is another increasingly important consideration: where that new power comes from.

The Federal Government has signalled that new data centres will be expected to be supported predominantly by new renewable generation rather than relying primarily on gas-fired generation.

Aurora is being developed with both requirements in mind.

The almost 16km² precinct is not simply a potential data centre site connected to the grid. Its broader energy infrastructure includes an approved 140 MW / 280 MWh battery energy storage system, together with room for substantial new renewable generation, including behind-the-meter generation developed alongside large-scale energy users.

This creates the potential for growing data centre demand to be supported through a combination of grid access, new generation and storage as the precinct scales.

Different projects and different markets are taking different approaches, but the underlying challenge is the same: AI infrastructure needs power at unprecedented scale, and it needs it quickly.

For Aurora, that is helping turn access to power, renewable generation, storage and room to scale into an increasingly important part of the precinct’s development proposition.

1414 Degrees has taken another significant step in the commercialisation of its SiNTL™ silicon-anode battery technology, signing an agreement with Italian satellite manufacturer Space Industries and launch services provider Orbit Boy to evaluate, integrate and qualify SiNTL batteries for use in serially produced satellites.

The partnership provides a fast-track pathway into Europe’s growing space and defence markets by combining Space Industries’ satellite manufacturing and in-house Assembly, Integration and Testing (AIT) capabilities with Orbit Boy’s launch expertise and industry network. Rather than developing relationships across the sector from scratch, 1414 Degrees will work with two established space companies that can accelerate qualification and, subject to successful testing, commercial deployment.

Based in Turin, Italy, Space Industries manufactures satellites up to 700 kg and operates one of Europe’s largest clean-room integration facilities at its Stellar Hub. The company is pioneering a serialised approach to satellite manufacturing, backed by approximately €15 million of planned investment through to 2030, creating a potential pathway for SiNTL-enabled batteries to be designed into repeat production rather than individual missions.

Under the agreement, SiNTL cells and battery packs will be integrated into a representative satellite power system before progressing through six milestone-gated stages of testing, culminating in a qualification assessment for serial production. Space Industries will also introduce SiNTL to its customers, partners and the broader European satellite supply chain.

The agreement builds on the Orbit Boy collaboration announced in June. Together, the two partnerships establish a complete commercial pathway—from advanced battery material, to qualification, to launch, and ultimately into repeat satellite production.

Battery performance is a critical differentiator in space applications, where launch costs are determined by mass and batteries cannot be replaced once a satellite is in orbit. SiNTL has previously demonstrated at least 50% greater energy density than traditional graphite anodes while remaining compatible with existing lithium-ion battery manufacturing processes.

The collaboration also supports the development of a sovereign European battery supply chain. By qualifying SiNTL through an Italian satellite manufacturer, 1414 Degrees aims to help enable European-built power systems for defence, telecommunications and orbital infrastructure customers seeking greater supply chain independence.

The collaboration is structured as a milestone-gated qualification program with no cash consideration payable by any party. SiNTL intellectual property remains with 1414 Degrees and George Washington University throughout the program. Subject to successful qualification and future commercial agreements, the Company expects potential revenue opportunities from anode material supply, technology licensing, royalties and recurring supply into serial satellite production.

Read the full ASX announcement here.

Q4 FY26 report also covers SiNTL’s entry into drone, aerospace and satellite markets, and $8.45 million secured in funding

We’ve released our Appendix 4C activities and cash flow report for the quarter ended 30 June 2026 (Q4 FY26), and it was one of the busiest quarters in our history. We strengthened our balance sheet, signed a potential anchor customer for Aurora, and moved SiNTL out of the laboratory and into the hands of three independent parties for testing.

A new commercial pathway for Aurora

Following the end of the quarter, we announced a heads of agreement with an Australian data centre operator to develop up to 1 gigawatt (GW) of AI data centre infrastructure within the Aurora Energy Precinct. The staged development begins with a 17 MW campus supplied via our existing 33kV network connection, with PV and BESS on the west side, expanding to an approximately 200 MW anchor campus once our proposed 275kV transmission connection is complete on the east side, with a longer-term pathway toward gigawatt-scale deployment. The agreement grants the operator exclusivity over an initial 40-hectare development parcel while we negotiate definitive commercial agreements.

Separately, our approved 140 MW / 280 MWh Stage 1 BESS completed the technical requirements to progress to commercial transmission access negotiations with ElectraNet, following acceptance of generator performance standards by AEMO and ElectraNet.

SiNTL enters drone, aerospace and satellite markets

We established an aerospace and defence division, advised by a board of industry experts, to develop commercial opportunities for SiNTL across drone, UAV and aerospace applications spanning commercial, government and military markets.

We signed a battery evaluation agreement with Ukrainian government-approved defence manufacturer Energia 2000, which produces approximately 72,000 military drones annually, to test SiNTL across multiple UAV platforms through six staged milestones. We also entered a testing and commercialisation agreement with Italian space technology company Orbit Boy to evaluate SiNTL for satellites, launch systems and defence applications. After quarter end, Orbit Boy advised that SiNTL had been selected as the primary energy storage candidate for its planned defence launch vehicles and ARCap satellite servicing module, a selection that requires successful completion of the testing program.

After quarter end, our SiNTL cells exceeded 550 mAh/g across all tested configurations, with optimised formulations recording above 600 mAh/g on initial cycles, around 60% higher power capacity than traditional graphite anode batteries.

Funded to progress multiple workstreams at once

We secured firm commitments for $8.45 million before costs via a placement at $0.10 per share, cornerstoned by Tribeca Investment Partners. After quarter end, we received a further $2 million from the exercise of 14DOA options, and have 276 million in-the-money 14DOA options on issue that, if fully exercised, would deliver an additional $13.8 million in funding.

Peter Yaron, Chief Technology and Operations Officer, commented:

“Moving SiNTL from lab results into independent testing with Energia 2000 and Orbit Boy is a genuine step change for the technology. Combined with the funding to run those programs alongside our scale-up work at George Washington University, we’re now positioned to generate real third-party validation data across drone, satellite and defence applications at the same time, rather than sequentially.”

What’s next

Near-term priorities include commissioning SiNTL scale-up equipment at George Washington University, progressing the Energia 2000 and Orbit Boy testing programs, advancing commercial negotiations under the Aurora data centre heads of agreement, and continuing the Stage 1 BESS transmission connection negotiations with ElectraNet.

Read the full quarterly 4C activities and cashflow report here.