Ocean Power Technologies Inc (NYSE-A:OPTT) has shipped a Merrows-capable PowerBuoy as part of a demonstration aimed at validating the system’s survivability and suitability for defense and security applications, including surface and subsea monitoring.
The shipment marks a key milestone following the company's teaming agreement signed last year with a major international defense contractor.
NextSource Materials Inc. (TSX:NEXT, OTCQB:NSRCF) said on Thursday that Johnny Velloza will step down as interim chief operating officer following a tenure marked by operational improvements at the company’s Molo graphite mine in Madagascar.
The Toronto-listed miner said Velloza’s responsibilities will be assumed by Nick Miller, who has been named acting executive vice president of operations, a newly consolidated role that combines the duties of COO and general manager as part of a broader organizational restructuring.
Itaconix PLC (AIM:ITX, OTCQB:ITXXF) shares rose 6% in afternoon trading on Thursday after the plant-based polymer specialist said it remained on track to meet its 2025 targets, despite growing trade uncertainty in the US.
The AIM-quoted company, which supplies sustainable ingredients used in products like laundry detergents, acknowledged that new tariffs would raise some input costs but said the impact should be modest.
GoviEx Uranium Inc (TSX-V:GXU, OTCQX:GVXXF) said on Thursday it is increasing its previously announced private placement financing to up to C$8 million, citing strong investor interest led by a strategic group from Zambia keen to see the company’s Muntanga uranium project move into production.
The company now plans to issue up to 160 million units at a price of C$0.05 per unit, up from its earlier plan to issue 150 million units for C$7.5 million, it said in a statement.
OKYO Pharma Ltd (NASDAQ:OKYO) announced that the US Food and Drug Administration has granted Fast Track designation to urcosimod for the treatment of neuropathic corneal pain (NCP), a chronic ocular condition with no FDA-approved therapies.
The designation is intended to expedite the development and review of drugs targeting serious conditions with unmet medical needs.
Shares in Seeing Machines Ltd (AIM:SEE, OTC:SEEMF) rose 6% on Thursday after its third-quarter update showed a solid rebound in automotive production and encouraging early sales of its next-generation Guardian Gen 3 product.
Automotive volumes hit 358,000 units in the quarter, up 34% from the previous quarter and 14% year-on-year. While still below the Q1 peak, both Peel Hunt and Stifel described the recovery as reassuring, with Stifel noting that the company has now surpassed 3.24 million cars on the road using its driver monitoring systems.
Shares in Ilika PLC (AIM:IKA, OTCQX:ILIKF) rose as much as 5% on Thursday after the company confirmed its prototype solid-state battery cells have met performance targets in third-party tests, a key step towards commercial traction.
The P1 Goliath prototypes, which have been undergoing evaluation by automotive manufacturers and suppliers, were found to meet targets on energy capacity, charge rate, and durability.
Shares in Mirriad Advertising PLC (AIM:MIRI, OTCQX:MMDDF) plummeted 78% on Thursday after the company warned it may soon run out of money and could enter administration within days unless fresh funding is secured.
The AIM-quoted virtual product placement specialist revealed that talks over a potential takeover had collapsed at the end of April, leaving the board scrambling for alternatives to keep the business afloat.
Seeing Machines Ltd (AIM:SEE, OTC:SEEMF), the driver monitoring technology group, reported an encouraging pick-up in production volumes for the third quarter of its financial year, following a broader slowdown across the automotive sector.
The AIM-listed company, which supplies driver monitoring systems (DMS) to global carmakers, produced over 358,000 units in the three months to the end of March 2025, a 34% increase on the previous quarter.
Itaconix PLC (AIM:ITX, OTCQB:ITXXF), the plant-based polymer specialist, has said it still expects to meet its 2025 targets, despite growing uncertainty over trade policy in the United States following tariff threats from President Donald Trump.
The AIM-quoted company, which supplies sustainable ingredients used in household products such as laundry detergents, said recent US trade actions were likely to raise some of its production costs.
Ilika PLC (AIM:IKA, OTCQX:ILIKF), the AIM-listed battery technology developer, has said its latest prototype solid-state battery cells have passed a series of commercial performance tests carried out by automotive industry partners.
The company, which specialises in next-generation solid-state batteries, announced on Thursday that its Goliath P1 prototype cells met their technical targets when tested by a group of original equipment manufacturers (OEMs) and Tier 1 suppliers. These are companies that make parts or systems that are used in vehicles built by the world’s largest carmakers.
Results continued to flow through Imugene Ltd’s immuno-oncology pipeline during the March 2025 quarter, which was marked by positive clinical outcomes, regulatory milestones, expanded patent protection and strengthened funding.
The company continues to move forward on multiple fronts and retains a strong funding position to do so.
In the wake of the De Grey Mining Ltd takeover, it’s hard to look past Kairos Minerals as the new standout single-asset gold exploration and development play in Western Australia’s Pilbara region.
As close followers of the mining industry would know, De Grey reawakened the world to the Pilbara’s gold potential with its Hemi discovery, within an hour’s drive of the bustling iron ore port of Port Hedland, in 2019.
In the March quarter, Resolution Minerals Ltd broadened its exploration footprint with the acquisition of three new Australian mineral projects and the identification of high-potential mineralised systems through advanced survey work.
In March 2025, the company picked up three projects for its portfolio – the Drake East Antimony-Gold Project and Spur South Gold-Copper Project in New South Wales, along with the Neardie Antimony Project in Queensland.
Andromeda Metals Ltd has produced ultra-high purity alumina (HPA) using its proprietary flowsheet and refined kaolin from the Great White Project and is a step closer to commercialising this high-value critical mineral.
Laboratory-scale test work confirmed the production of 4N HPA – purity above 99.99% – with the latest sample achieving 99.9985% purity.
archTIS Ltd, a provider of zero-trust, data-centric security solutions, reported a strong March 2025 quarter, achieving a record annual recurring revenue (ARR) of A$4.6 million – up 27% year-on-year – alongside continued operational efficiencies and strategic customer wins.
The March quarter performance was marked by a deliberate shift toward high-margin, proprietary licensing revenue.