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The Markets
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The Markets
by Proactive
Proactive UK has moved.
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Small cap wrap: NanoViricides, New Era Helium, Charbone Hydrogen, Voyageur Pharmaceuticals...

Ocean Power Technologies Inc (NYSE-A:OPTT) said on Wednesday it has appointed retired US Navy Captain Jason Weed as its new senior vice president of commercial sales.

Weed, who brings over 15 years of executive-level experience in maritime and technology organizations, most recently served as a senior business developer at Leidos' Maritime Systems Division.

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Reconnaissance Energy Africa Ltd (TSX-V:RECO, OTCQX:RECAF) (ReconAfrica) revealed plans to raise C$10 million through an overnight marketed public offering of units to fund drilling of its high-potential Kavango West 1X exploration well in Namibia.

"We are excited to spud one of the company’s largest and most attractive prospects, Kavango West 1X,” said Brian Reinsborough, President and CEO of ReconAfrica.

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Greatland Gold has just dropped its latest investor presentation, which makes fascinating reading, bringing together its latest plans, while painting an optimistic long-term picture.

Remember, Greatland, now valued at close to £2 billion, owns two assets: the producing Telfer Mine and Havieron, the world's second-largest undeveloped gold asset. Near one another (comparatively by Australian standards), they are located in Western Australia's Patterson Region, a hotspot for the yellow metal.

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Voyageur Pharmaceuticals Ltd (TSX-V:VM, OTC:VYYRF) announced its first commercial sale, marking the Canadian company’s transition into revenue-generating operations in the radiology contrast media sector.

The initial C$89,000 purchase order was placed by a leading Canadian radiology provider and includes the full suite of Voyageur’s Health Canada–approved barium contrast agents, the company said in a statement Wednesday.

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Power Metallic Mines Inc (TSX-V:PNPN, OTCQB:PNPNF) has reported the final assay results from its winter 2025 drill campaign, with promising intersections at the Lion Zone and early signs of mineralization at Nisk East.

Nine holes were drilled at the Lion Zone, with highlights including 12.54 meters grading 3.1 g/t gold, 25.5 g/t silver, 4.1% copper, 12.1 g/t palladium, and 2 g/t platinum, for a copper equivalent of 11%.

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NanoViricides (NYSE-A:NNVC) said it is advancing its measles drug development program with a new animal trial to evaluate its antiviral candidate NV-387.

The company has commissioned a study using specially modified mice that express the human SLAM/CD150 protein, a key receptor the measles virus uses to infect cells.

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Charbone Hydrogen Corporation (TSX-V:CH, OTCQB:CHHYF) has announced the execution of a previously disclosed project finance facility of up to US$50 million to support its continued growth.

Funds will be directed toward accelerating the construction of Charbone’s modular hydrogen facilities across North America.

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BioHarvest Sciences Inc. (NASDAQ:BHST) has launched a new product tailored to athletes and individuals with active lifestyles called VINIA DailyChews 2X Formula.

The developer of botanical-based wellness products using its proprietary Botanical Synthesis said this new product is now available for purchase in a 30-count pack through VINIA.com.

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New Era Helium Inc (NASDAQ:NEHC) told investors that its computing joint venture has inked a deal to secure power to the project.

The firm’s Texas Critical Data Centers (TCDC) joint venture vehicle has signed a non-binding memorandum of understanding with PowerForward Energy Solutions (PFES), potentially for 250 megawatts of on-site power.

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Terra Metals Ltd (ASX:TM1, OTC:PNGZF) has secured the necessary heritage and drilling approvals to start Phase 3 drilling at its flagship Dante Project in Western Australia’s West Musgrave region. The company will target both infill and extensional drilling at the Reef 1 and Reef 2 copper-critical metal discoveries, aiming to upgrade resources ahead of its maiden Mineral Resource Estimate (MRE).

Additional approvals cover several new, high-priority targets featuring outcropping reef layers and strong electromagnetic (EM) anomalies. Exploration has also started on recently acquired HRM tenements and at Dante East, a vast, underexplored zone with over 30 kilometres of mapped reef layers. These initiatives position Terra Metals for significant resource growth and steady news flow in the months ahead.

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Andromeda Metals Ltd (ASX:ADN, OTC:ANDMF)has received credit approval for a A$75 million debt facility from Merricks Capital to advance the development of its Great White Project in South Australia. The facility includes principal, interest, fees, reserves, and a cost overrun tranche and represents a key step toward finalising the Stage 1A+ development.

Negotiations for binding financing documentation are now underway, with completion subject to standard conditions precedent including securing the balance of required funding.

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