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The Markets
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The Markets
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
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Archive

Small cap wrap: ReconAfrica, Standard Uranium, Ocean Power Technologies, Bit Digital...

Bit Digital Inc (NASDAQ:BTBT) said on Friday it has secured rights to a new data center site in Saint-Jérôme, Québec.

The new location will support a previously announced 5MW colocation agreement with Cerebras Systems, a developer of generative AI infrastructure.

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IQ-AI Ltd (LSE:IQAI, OTCQB:IQAIF) has reported encouraging preliminary data from a phase I trial evaluating oral Gallium Maltolate (GaM) in patients with recurrent or refractory glioblastoma.

The study, which is close to completion, included 23 evaluable patients.

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Forte Minerals Corp (CSE:CUAU, OTCQB:FOMNF) announced plans to launch a 1,500-metre diamond drill program at its Pucarini gold project in southern Peru by the end of the second quarter of 2025.

The program, which will comprise five holes, marks the company’s first-ever drilling at the site and will target high-sulfidation epithermal gold mineralization.

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Greatland Gold PLC (AIM:GGP, OTC:GRLGF) has shown it is possible for a mine developer to chart a route from the ranks of the microcaps to jackpot-style success as a producer.

Right now, it is valued at over £1.4 billion. And in time, one imagines, it will vault into the ranks of the blue chips — certainly if it realises the full potential of its elephantine discovery in Western Australia.

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Ocean Power Technologies Inc (NYSE-A:OPTT) announced the signing of a strategic reseller agreement with Elektron SAS, a Colombia-based company specializing in hydrographic and oceanographic instrumentation.

As part of the agreement, Elektron has committed to $4 million in purchases of OPT’s intelligent maritime solutions, including its WAM-V USVs, PowerBuoy, and AI-driven Merrows platform.

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Predictmedix AI Inc. (CSE:PMED, OTCQB:PMEDF) highlighted the potential of its Smart Health AI Stations amid the Food and Drug Administration (FDA)’s move to phase out mandatory animal testing in drug development.

The company sees the regulatory shift as an opportunity to position its technology as a scalable and human-focused alternative for early-stage clinical evaluations.

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Greatland Gold PLC (AIM:GGP, OTC:GRLGF) shares rose some 13% in Friday's dealing as it detailed plans to add a listing on the ASX as the rapidly growing gold miner continues to build in stature.

Significantly, alongside the dual-listing process, Greatland is going to execute a capital consolidation and effectively create a new business structure.

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Catenai (LSE:CTAI), a small London-listed tech company, has raised £750,000 and plans to invest most of it into a new artificial intelligence venture.

The company said on Thursday it would use £500,000 to take a stake in Alludium, a start-up that is building software for automating business processes using what it calls “multi-agent” AI, software systems made up of multiple specialised bots working together.

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Elixir Energy Ltd earlier this week discussed the advancement of its ATP 2077 project, highlighting a farm-out agreement with Xstate Resources and confirming a fully funded drilling schedule for 2025.

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Altech Batteries Ltd earlier this week told investors its CERENERGY® solid-state sodium chloride batteries have passed individual cell testing, conducted by Fraunhofer, a German government-backed R&D institute and the company’s joint venture partner.

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Latrobe Magnesium Ltd earlier this week outlined the strategic importance of the US exemption on magnesium tariffs, positioning the company to benefit from improved competitiveness in the American market.

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