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The Markets
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Small cap wrap: Charbone Hydrogen, North Bay Resources, Fineqia, Synchronoss...

Bit Digital Inc (NASDAQ:BTBT) said on Wednesday it will transition into a pure-play Ethereum staking and treasury company, marking a significant shift from its previous focus on bitcoin mining.

The New York-based company, which began accumulating Ethereum and building staking infrastructure in 2022, reported holdings of 24,434.2 ETH and 417.6 BTC at the end of March 2025. At that time, the assets were valued at approximately $44.6 million and $34.5 million, respectively.

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U.S. Global Investors (NASDAQ:GROW) announced hat it will continue its monthly dividend payments through the third quarter of 2025.

The company’s board of directors approved dividends of $0.0075 per share for each of the months of July, August, and September.

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North Bay Resources Inc. (OTC:NBRI) announced that it has achieved continuous operations at its Bishop Gold Mill in California.

The company has completed processing of all remaining stockpiled gold ore following upgrades completed in April and May.

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Zynex Inc (NASDAQ:ZYXI) announced that it has been issued a UK patent for its multiparameter, non-invasive sepsis monitor.

Zynex's technology is designed to continuously track multiple physiological signals with the goal of providing early alerts on patient trends and potential sepsis development.

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Scancell Holdings PLC (AIM:SCLP, OTC:SCNLF) has some big dates on the calendar. July will bring results from the first three groups of its phase II SCOPE trial for advanced melanoma, and it's already started dosing patients in the final group.

Broker Panmure Liberum, which has a 'buy' rating on the shares, said the early signs from Cohort 4 are positive.

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Northern Superior Resources Inc. (TSX-V:SUP, OTCQX:NSUPF) has closed its previously announced bought deal financing, raising C$5 million through the issuance of 6.5 million common shares at C$0.77 each.

Proceeds from the offering will be used for general corporate purposes and working capital, the exploration-focused company said.

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Baselode Energy Corp (TSX-V:FIND, OTCQB:BSENF) and Forum Energy Metals Corp (TSX-V:FMC, OTCQB:FDCFF) said on Wednesday they are preparing to open their exploration camp at the Aberdeen project in Nunavut, with plans to begin a two-drill diamond drilling program in July targeting uranium mineralization.

The announcement comes just days following the news that the two companies are planning to merge into a new company, Geiger Energy, which will focus on uranium exploration in Nunavut and Saskatchewan’s Athabasca Basin.

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Synchronoss Technologies Inc (NASDAQ:SNCR) announced that it has achieved certification under the EU-US Data Privacy Framework (DPF), a transatlantic data transfer mechanism administered by the US Department of Commerce.

The certification enables US-based companies to process personal data from the European Union in compliance with the region’s privacy regulations, including the General Data Protection Regulation.

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NEXE Innovations Inc (TSX-V:NEXE, OTC:NEXNF) said on Wednesday it received purchase orders totaling more than 700,000 compostable coffee pods in May from three North American customers.

The May orders come on top of the 1 million pods the company has produced since November 2024 and include both new and repeat business, NEXE said in a statement.

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First Phosphate Corp. (CSE:PHOS, OTCQB:FRSPF) announced that it has collected a 5,000-kilogram bulk sample from its Bégin-Lamarche phosphate project in the Saguenay-Lac-Saint-Jean region of Quebec to be used for metallurgical testing to refine the recovery process of critical minerals.

The company aims to refine the process for the recovery of apatite (phosphate), magnetite (iron), and ilmenite (titanium).

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Charbone Hydrogen Corporation (TSX-V:CH, OTCQB:CHHYF) has signed a collaboration with Green Hydrogen ASIAPAC SDN BHD to support the development of its first ultra-high purity (UHP) hydrogen production facility in Malaysia.

The flagship plant, based on Charbone’s modular and scalable production model, will form part of a decentralized ecosystem aimed at serving local end-users.

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Scancell Holdings PLC (AIM:SCLP, OTC:SCNLF) shares rose 6% on Wednesday after the company began dosing patients in a new arm of its Phase II melanoma trial, marking a key step in the development of its next-generation cancer immunotherapy.

The new cohort, part of the ongoing SCOPE study, will test intradermal delivery and a faster dosing schedule of Scancell’s iSCIB1+ Immunobody therapy in combination with checkpoint inhibitors. The company said the first eight patients were treated without significant side effects.

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Anglo Asian Mining Plc (LSE:AAZ, OTC:AGXKF) said momentum and confidence had “continued to increase significantly” in recent months as it brought new mines into production and recovered from a difficult 2024 marked by suspended operations and tight cash flow.

In a statement ahead of the company’s annual shareholder meeting, chief executive Reza Vaziri acknowledged the past year had been “challenging,” with limited output due to delays in raising the wall of its tailings dam at Gedabek, its flagship mine in Azerbaijan.

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Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) said its southern Rukwa project in Tanzania could become a “unique and strategic” helium development in Africa, following the completion of an independent assessment of the site’s resources.

James Smith, non-executive chairman of the AIM-listed explorer, said the independent Competent Person’s Report (CPR) confirmed the company’s long-held view of the project’s potential.

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Scancell Holdings PLC (AIM:SCLP, OTC:SCNLF) has begun dosing patients in a new arm of its ongoing phase II trial, exploring an updated method for delivering its next-generation cancer immunotherapy for advanced melanoma.

Known as Cohort 4, the study will assess intradermal administration and an accelerated dosing schedule of Scancell’s iSCIB1+ Immunobody therapy, which is designed to stimulate the immune system to attack tumours.

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Zephyr Energy PLC (AIM:ZPHR, OTCQB:ZPHRF), the London-listed oil and gas company focused on US shale, has raised £10.5mn through an oversubscribed share placing and director subscription to support its drilling and acquisition plans in the States.

The company said it had secured £9.8 million from institutional and other investors at 3p per share through a process known as an accelerated bookbuild, where shares are offered to investors over a short timeframe.

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Solis Minerals Ltd has completed its voluntary delisting from the TSX Venture Exchange (TSX-V), effective June 23, 2025. The move signals a strategic shift to focus solely on its Australian Securities Exchange (ASX) listing, a decision aimed at enhancing liquidity, governance, and cost efficiency.

Following the delisting, certain ASX waivers previously granted to the company have either been revoked or modified. Solis also intends to align its financial year-end with the calendar year, adopting December 31, 2025 as its new reporting period.

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Firebird Metals Ltd (ASX:FRB, OTC:FRBMF) has announced promising early-stage results from its ongoing lithium manganese iron phosphate (LMFP) cathode active material (CAM) development program, forwarding its strategy to become a low-cost, globally competitive producer of manganese-based battery materials.

The progress comes as a global shift towards manganese-rich cathodes, especially LMFP, accelerates, driven by increasing demand for electric vehicles (EVs) and higher-performance battery technologies.

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Andromeda Metals Ltd (ASX:ADN, OTC:ANDMF) has validated its high-purity Great White CRM™ kaolin product for industrial use in ceramic glaze formulations, following successful large-scale pilot trials conducted at a ceramic frit and glaze producer in Alcora, Spain. The trials confirmed Great White CRM™ as a premium-quality material capable of enhancing critical glaze characteristics, including whiteness, adhesion and cohesion.

The results could unlock new commercial opportunities for Andromeda, particularly within the Southern European ceramic manufacturing sector, and build on previous certifications for high-end ceramics and countertops.

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A newly signed agreement to supply 80 metric tonnes of expandable graphite to a leading United States-based graphite supply chain company gives Evion Group NL (ASX:EVG, OTC:EVIGF) its maiden US order.

The order is to be delivered over the coming months and is expected to generate approximately A$400,000 in revenue for Evion’s 50:50 joint venture (JV), Panthera Graphite, located near Pune, India.

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