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The Markets
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Small cap headlines: atai, Trust Stamp, Norsk Titanium, New Era Helium...

Predictive Discovery Ltd has achieved a raft of important regulatory and development milestones in the half year period to December 31, securing several government approvals and initiating a definitive feasibility study for the Bankan Gold Project in Guinea.

The company also secured binding commitments to raise A$69.2 million via a strategic private placement with the Lundin family and Zijin Mining Group Co., Ltd.

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Lisata Therapeutics Inc (NASDAQ:LSTA) has announced the first step of an intended multi-part strategic agreement with GATC Health, a leading drug discovery firm leveraging artificial intelligence.

The partnership combines GATC’s proprietary Multiomics Advanced Technology (MAT) AI platform with Lisata’s expertise in drug development to reduce risks and improve efficiency in bringing new therapies to market.

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atai Life Sciences (NASDAQ:ATAI, ETR:9VC) announced that patient enrollment has been completed in Beckley Psytech’s Phase 2b trial evaluating BPL-003 in treatment-resistant depression (TRD), with topline results expected by mid-2025.

The trial is assessing the efficacy and safety of a single dose of BPL-003, an intranasal formulation of mebufotenin benzoate developed by Beckley Psytech, in which atai is invested, designed for rapid and lasting antidepressant effects with minimal clinic time.

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Blockmate Ventures Inc (TSX-V:MATE, OTCQB:MATEF) announced that its subsidiary, Hivello Holdings, has teamed up with Nosana, a network that uses computer power from graphics cards (GPUs) to help with artificial intelligence (AI) tasks and software development processes.

In a statement, Hivello said that Nosana’s inclusion in Hivello’s platform will allow users to contribute their GPUs to a decentralized ecosystem focused on AI model training and software development.

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Abercrombie & Fitch (NYSE:ANF) shares fell nearly 14% on Wednesday morning following the company's release of cautious guidance for fiscal year 2025, overshadowing its strong fourth-quarter performance.​

The retailer reported a 9% year-over-year increase in fourth-quarter revenue, reaching $1.58 billion, and an 18% rise in net income to $189.7 million.

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T Stamp Inc (NASDAQ:IDAI, EURONEXT:AIID), doing business as Trust Stamp, announced that it has been awarded the D-seal certification for IT security and responsible data usage.

The D-seal is the first certification to integrate IT security and responsible data usage under a single label, ensuring that organizations meet the highest ethical and security standards.

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Norsk Titanium (OTCQX:NORSF), a leading manufacturer of aerospace-grade structural titanium components, has announced the appointment of Boyd Adams as chief commercial officer.

Adams joins Norsk Titanium from FRISA, where he served as vice president of FRISA Aerospace/FRISA Precision.

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New Era Helium Inc (NASDAQ:NEHC) said it plans to enhance its value by generating behind-the-meter power to support the AI-driven economy.

The company released a statement Wednesday outlining its plans to support the AI-driven economy by leveraging its helium and natural gas assets in the Permian Basin.

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Challenger Energy Group PLC's (AIM:CEG, OTC:BSHPF) progress in Uruguay should “herald a period of significant news flow”, that’s according to analysts at Zeus Capital, which sees substantial upside to the current price.

The stockbroker, in a note, today repeated a net asset value of 27p – versus a market price of 9.42p.

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Challenger Energy Group PLC (AIM:CEG, OTC:BSHPF) continues to make progress towards a farm-out process for the OFF-3 Block planned for the back end of 2025, as it is gaining a better understanding of the exploration area.

Today, in a stock market statement alongside a summit in London, it highlighted progress of its technical work – with the reprocessing of seismic data now nearly complete.

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Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) told investors it has now spudded the Jackson-4 well at its Galactica helium project in Colorado.

It will be drilled down to the Upper Lyons Formation, where wireline logging and flow testing will determine production potential.

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GTI Energy Ltd has passed a foundational milestone for the Lo Herma in-situ recovery (ISR) Uranium Project in Wyoming, US, having completed scoping study fieldwork, metallurgical studies, and hydrogeological testing.

The company determined there was sufficient submergence of Lo Herma mineralisation within the local groundwater to support ISR mining via data from four monitor ground wells.

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Evion Group NL continues to advance its Maniry Community Development Plan in Madagascar, achieving significant milestones in recent weeks. The company has secured further endorsements from the local community, reinforcing strong support for the development of the Maniry Graphite Project.

A key regulatory step is also progressing, with officials from the Office of National pour l’Environnement (ONE) set to conduct a site visit in the coming weeks. An agreement has been reached on the final pathway for securing Evion’s environmental approval, marking a crucial step toward project development.

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