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The Markets
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Archive

Small cap wrap: Aftermath Silver, Santacruz Silver, Power Metallic, Gunnison Copper...

Aftermath Silver Ltd (TSX-V:AAG, OTCQX:AAGFF) released the final assay results from its Phase 2 diamond drilling program at the Berenguela silver-copper-manganese project in southern Peru, with key intercepts confirming the deposit remains open to the east.

The Vancouver-based company said it completed 82 holes totaling nearly 5,300 meters, expanding the original 60-hole, 4,600-meter plan after receiving encouraging geological data.

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Power Metallic Mines Inc (TSX-V:PNPN, OTCQB:PNPNF) announced that it has entered into a definitive agreement to acquire a 100% interest in 313 mineral claims totaling 167 square kilometers from Li-FT Power.

The newly acquired claims are adjacent to Power Metallic’s Nisk property in Quebec, where exploration is currently underway at the Lion copper-platinum group elements discovery and the Nisk nickel-copper-cobalt deposit.

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Santacruz Silver Mining Ltd (TSX-V:SCZ, OTC:SZSMF) has produced 3.69 million silver equivalent ounces in the first quarter of 2025, supported by steady output from its Zimapan mine in Mexico and margin-focused operations in Bolivia.

The company reported standalone silver production of 1.59 million ounces, along with nearly 20,700 tonnes of zinc, 2,700 tonnes of lead, and 279 tonnes of copper.

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EDM Resources Inc (TSX-V:EDM, OTC:SWNLF) announced that it has entered into a definitive gypsum offtake supply agreement with a large vertically integrated gypsum producer and Canadian wallboard manufacturer.

The agreement, valued at approximately US$58 million, will span a projected 10-year period and covers half of the gypsum reserves at EDM’s Scotia Mine in Nova Scotia.

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Medicus Pharma (NASDAQ:MDCX) said on Monday it has submitted a comprehensive product development plan to the US Food and Drug Administration (FDA) to advance its investigational treatment for external squamous cell carcinoma (SCC) in horses.

The plan was submitted under the company’s existing Investigational New Animal Drug file and follows the FDA’s Minor Use in Major Species designation, which Medicus received in December 2024 for its dissolvable doxorubicin-containing microneedle array (D-MNA).

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Standard Uranium Ltd (TSX-V:STND, OTCQB:STTDF) announced a summary of its 2025 exploration plans for the Corvo uranium project, located beyond the eastern margin of the Athabasca Basin, currently under a three-year earn-in option agreement with Aventis Energy.

The company said it is preparing a prospecting, mapping, and geochemical sampling program scheduled for July 2025.

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Century Lithium Corp. (TSX-V:LCE, OTCQX:CYDVF) has announced a non-brokered financing under the Listed Issuer Financing Exemption (LIFE), with plans to raise between $2 million and $5 million.

The net proceeds from the financing will be used to advance the company’s wholly owned Angel Island lithium project in Nevada, including an updated feasibility study, completion of the plan of operations, and progress toward National Environmental Policy Act (NEPA) compliance.

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Shares in Empire Metals Ltd (AIM:EEE, OTCQB:EPMLF) rose 16% after the company announced it had produced a high-purity titanium dioxide (TiO₂) product with an assay grade of 99.25%.

The breakthrough came from ongoing testwork at its Pitfield project in Western Australia.

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Petra Diamonds Limited (LSE:PDL, OTC:PDLMF) has reported US$53 million of sales from its mines in South Africa, comprising 613,682 carats worth of stones.

The sales were made across two tender events, which saw an average price per carat of US$86.

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Guardian Metal Resources PLC (LSE:GMET) has joined the Critical Minerals Forum, gaining access to policymakers and capital markets through the DARPA-supported OPEN initiative.

It is expected to support the firm’s objective of reviving domestic tungsten production.

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Pantheon Resources PLC (AIM:PANR, OTCQX:PTHRF) has appointed Tralisa Maraj as chief financial officer and Erich Krumanocker as chief development officer.

Tralisa Maraj will succeed Phil Patman, with her appointment effective from 14 July.

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Empire Metals Ltd (AIM:EEE, OTCQB:EPMLF) told investors it has produced a high-purity titanium dioxide (TiO₂) product with an assay result of 99.25% TiO₂.

It comes through ongoing work to optimise the Pitfield project’s technical design. The product development testwork used concentrates from Pitfield.

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