Proactive’s Tylah Tully gives a ‘Small Cap Wrap’ for the week.
Mako Gold Ltd (ASX:MKG) surged over 83% and is now trading at $0.016 per share following its announcement of a Bid Implementation Agreement with Aurum Resources.
This merger will create a growing exploration and development gold company in West Africa, supported by over $20 million in cash for advancing flagship projects.
Provaris Energy Ltd (ASX:PV1, OTC:GBBLF) climbed 47% this week to $0.027 per share, despite a slight pullback today.
The rise followed the release of its corporate presentation, highlighting its plans to develop scalable supply chains to support Europe’s 2030 emission targets.
Solis Minerals Ltd (ASX:SLM, TSX-V:SLMN, OTCQB:SLMFF) also posted gains, up 50% to $0.125 after completing a magnetometry survey at Cinto, identifying magnetic anomalies.
The company released its updated investor presentation and reported $2.7 million in cash as of August 30.
Ovanti Ltd saw a major increase, with its share price jumping over 700%, rising from $0.003, now trading at $0.02 by the end of the week.
Lastly, Inhalerx Ltd (ASX:IRX) doubled its share price to $0.035 cents following the announcement of a $38.5 million funding agreement with Clendon Biotech Capital to cover the costs of Phase 1 and 2 clinical development of its key projects.