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Proactive's stories of the week: Bit Digital, North Bay Resources, Nextech3D.ai, U.S. Global Investors...

Seeing Machines Ltd (AIM:SEE, OTC:SEEMF) has launched a new pilot with a North American subsidiary of Mitsubishi Electric, which Stifel views as a positive step in expanding its presence in the region’s automotive safety market.

Certainly, the market appears to agree with the shares rising 10% to 2.95p.

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Black Swan Graphene (TSX-V:SWAN) announced that it has entered into a non-exclusive distribution and sales agreement with METCO Resources, a major Indian supplier of specialty materials and polymers.

The agreement enables METCO to supply Black Swan's graphene-enhanced masterbatches (GEM) for a wide range of polymer applications in the Indian market.

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North Bay Resources Inc. (OTC:NBRI) is launching a private placement offering with a structure that includes both equity and a physical gold component.

The offering consists of units priced at $0.001 per unit, each comprising 60% common shares in North Bay and 40% in physical gold from the company’s own production.

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Seeing Machines Ltd (AIM:SEE, OTC:SEEMF) has begun a six-week trial of its latest driver safety system with a North American division of Mitsubishi Electric, in a move that could help broaden its reach in the transport technology market.

The trial involves Guardian Generation 3, the latest version of Seeing Machines’ aftermarket monitoring platform, which uses artificial intelligence to track driver attention and prevent accidents.

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In another major step forward, Imugene Ltd (ASX:IMU, OTC:IUGNF) Ltd has started patient dosing in Australia for the Phase II Neo-POLEM clinical trial investigating its PD1-Vaxx immunotherapy in a specific subtype of colorectal cancer. The first patient was treated at Queen Elizabeth Hospital in Adelaide.

Neo-POLEM is a neoadjuvant study, meaning PD1-Vaxx is administered before surgery, aiming to enhance treatment outcomes in patients with mismatch repair-deficient / microsatellite instability-high (dMMR/MSI-high) colorectal cancer—a subtype affecting about 15% of colorectal cancer cases. The trial will recruit across Australia and the United Kingdom.

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Following US Food and Drug Administration (FDA) 510(k) clearance in April 2025, the first US surgical procedure using Orthocell Ltd (ASX:OCC, OTC:ORHHF)’s Remplir™ nerve repair device has now been completed.

The surgery is the first in-market use of Remplir in the United States’ US$1.6 billion nerve repair market and is significant milestone in the product’s commercial rollout.

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European Lithium Ltd (ASX:EUR, OTCQB:EULIF) Ltd has put an extra US$5 million in the bank (A$7.8M) after selling two million Critical Metals Corp. (Nasdaq: CRML) shares at US$2.50 per share in an off-market transaction to a US institutional investor.

“This transaction validates the valuation of CRML shares held by EUR that are currently trading at a valuation of US$250 million (A$389M) at close of business on June 24, 2025. This highlights the massive arbitrage that exists between the two markets," EUR executive chairman Tony Sage.

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Condor Resources Inc. (TSX-V:CN, OTC:CNRIF) said on Thursday its Peruvian subsidiary has signed a non-binding letter of intent (LOI) to sell a 100% interest in the Soledad project in Ancash, Peru, for total consideration of up to $3 million.

Under the terms of the LOI, Condor Exploration Perú granted a local Peruvian company an exclusive 36-month option to acquire the project’s three mineral concessions.

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Ideal Power Inc (NASDAQ:IPWR) said on Thursday it received an order from a global Tier 1 automotive supplier for its B-TRAN semiconductor devices, marking a step forward in the company's push into the electric vehicle market.

The order includes B-TRAN devices, SymCool power modules, solid-state circuit breaker reference boards, and drivers.

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Ocean Power Technologies Inc (NYSE-A:OPTT) announced that the United States Patent and Trademark Office has issued a Notice of Allowance for the company’s US patent application covering a system designed for autonomous, floating marine vehicle charging, titled “System and Method for Vehicle Charging.”

The technology enables electric vessels, including uncrewed surface vehicles, to locate, dock with, and recharge from a floating platform while at sea.

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Millennial Potash Corp (TSX-V:MLP, OTCQB:MLPNF) has intersected over 100 metres of potash mineralization in its latest drillhole at the Banio potash project in Gabon, a result the company says could significantly enhance the project’s resource base.

The drillhole, BA-004, was completed to a depth of 667 metres and encountered the evaporite-bearing salt sequence from about 260 metres to the bottom of the hole, Millennial said in a statement.

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New Era Helium Inc (NASDAQ:NEHC) announced that it has expanded its board of directors with the appointment of three new members.

The new members bring expertise in digital infrastructure, energy markets, and capital formation as the company, active in the Permian Basin, aims to strengthen its leadership as it moves into its next growth phase with a focus on AI infrastructure.

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Aftermath Silver Ltd (TSX-V:AAG, OTCQX:AAGFF) announced the exercise of 13.2 million warrants since March 2025, raising C$4.57 million.

The $0.35 warrants have now expired, with 132,950 unexercised.

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Northstar Gold Corp. (CSE:NSG) said it has received encouraging results from a development and mining evaluation study conducted by Novamera for the Zone 2 target at its historic Cam Copper Mine in Ontario.

The study, based on Northstar’s recently released 3D exploration target models, outlines a copper zone containing between 75,000 and 140,000 tonnes of mineralized material grading between 9% and 18% copper, with a conceptual average of 12% copper.

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Lisata Therapeutics Inc (NASDAQ:LSTA), in collaboration with the Australasian Gastro-Intestinal Trials Group and the NHMRC Clinical Trials Centre at the University of Sydney, announced positive preliminary results from Cohort B of the ASCEND Phase 2b clinical trial evaluating certepetide in combination with standard-of-care chemotherapy in metastatic pancreatic ductal adenocarcinoma (mPDAC).

The ASCEND trial is a 158-patient, double-blind, randomized, placebo-controlled study assessing the addition of certepetide to standard-of-care gemcitabine and nab-paclitaxel.

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Nextech3D.AI (CSE:NTAR, OTCQX:NEXCF) said it has secured a new enterprise contract valued at $150,000 for the production of 5,000 photorealistic 3D models.

The Toronto-based technology firm said the models are expected to be delivered within 60 days.

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HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) finished its fiscal year strong, reporting $115.3 million in revenue and $56.2 million in adjusted earnings before interest, taxes, depreciation and amortization (EBITDA), while expanding its presence in Bitcoin mining and AI-driven high-performance computing (HPC) hosting services.

The company mined 1,414 Bitcoin during the year and more than tripled its AI GPU cloud revenue, it said in a statement on Thursday.

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Bit Digital Inc (NASDAQ:BTBT) said on Thursday it has priced an underwritten public offering of 75 million ordinary shares at $2 each, aiming to raise $150 million in gross proceeds before expenses.

The New York-based digital assets firm said it plans to use the net proceeds from the offering to purchase Ethereum, aligning with its newly announced transition to a pure-play Ethereum staking and treasury company.

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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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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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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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Immunic Inc (NASDAQ:IMUX) released new long-term data from an ongoing study showing that its experimental drug, vidofludimus calcium, continues to help patients with relapsing-remitting multiple sclerosis (RRMS) over time.

The biotech company said 92.3% of patients remained free of 12-week confirmed disability worsening (CDW) and 92.7% free of 24-week CDW at week 144, based on data representing roughly 952 cumulative treatment years.

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HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) announced that its wholly owned subsidiary BUZZ High Performance Computing (BUZZ HPC) has launched a new NVIDIA Hopper GPU cluster in Quebec.

This marks one of three supercomputing clusters currently operated by the company across Canada and Sweden.

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Candel Therapeutics Inc (NASDAQ:CADL) has announced a $15 million registered direct offering of common stock, the proceeds of which will support launch readiness, medical affairs, and pre-commercialization activities, as well as preparation for a Biologics License Application (BLA) submission for CAN-2409 in prostate cancer, expected in the fourth quarter of 2026.

“We are pleased to strengthen our financial position with the resources intended to support pre-commercialization and launch readiness activities for CAN-2409 in prostate cancer, pending regulatory approval, as well as other key corporate purposes,” Candel CEO Dr Paul Peter Tak said.

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Ideal Power Inc (NASDAQ:IPWR) said it is collaborating with a fourth global Tier 1 automotive supplier to explore the use of its patented B-TRAN semiconductor technology as a replacement for electromechanical contactors in electric and hybrid vehicles.

The new engagement adds to Ideal Power's previously announced collaborations with three other Tier 1 suppliers and three major global automakers, including Stellantis.

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US Gold Corp (NASDAQ:USAU) said it has contracted Micon International Limited and Halyard Inc to advance engineering work at its CK Gold Project in southeast Wyoming.

Micon-Halyard was selected following a competitive review process focused on expertise in concentrator process design and project execution, according to US Gold.

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Standard Uranium Ltd (TSX-V:STND, OTCQB:STTDF) outlined progress across its 100%-owned projects and said it is actively seeking joint venture partners to advance several drill-ready properties.

The company, which holds more than 233,000 acres in the uranium-rich Athabasca region, said it is pursuing a project generator model to move its early-stage and drill-ready properties toward discovery.

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Shares in Polarean Imaging PLC (AIM:POLX, OTC:PLLWF) rose 6% after the company announced a new commercial partnership with Ascend Imaging to boost US sales of its xenon-based MRI technology.

The agreement, covering four states, allows Ascend to act as an independent sales representative, helping expand Polarean’s footprint without growing its internal team.

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Anglo Asian Mining Plc (LSE:AAZ, OTC:AGXKF) has received its first sustainability rating from ESG assessor Digbee, with both the company and its Gedabek mine receiving a ‘BB’ score.

BB reflects a strong base for future improvement in environmental, social and governance performance, the company noted.

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Polarean Imaging PLC (AIM:POLX, OTC:PLLWF) has signed a commercial agreement with Ascend Imaging, a US-based medical technology distributor, as part of efforts to expand sales of its lung imaging products in the United States.

The UK-listed company, which develops specialist magnetic resonance imaging (MRI) technology using hyperpolarised xenon gas, said Ascend would act as an independent sales representative in four US states.

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Critical Metals Corp (Nasdaq: CRML) has awarded a US$2 million (A$3 million) diamond drilling contract to Greenland-based 60 Degree North for exploration at the Tanbreez Rare Earth Project. European Lithium Ltd (ASX:EUR, OTCQB:EULIF) Ltd, which holds approximately 63% of Critical Metals, welcomed the development as part of the broader strategy to advance the Fjord eudialyte resource.

The drilling program builds on recent progress, including a US$120 million Letter of Intent (LOI) for project financing from the Export-Import Bank of the United States (EXIM). The LOI is expected to support the development of Tanbreez — one of the world’s largest rare earth deposits.

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A series of regulatory approvals and amendments now clear the path for Cyprium Metals Ltd (ASX:CYM, OTC:CYPMF)’s Phase 1 redevelopment at its Nifty Copper Complex in Western Australia. These include critical modifications to construction specifications, an extended works approval, and a deferred mine closure submission date, which position the company to proceed with the reactivation of the cathode plant.

Executive chair Matt Fifield said the existing approvals significantly reduced project risk and maintained alignment with Cyprium’s staged restart strategy. “We have aligned Nifty’s environmental approvals with our forward work plans following a review of our existing approvals that cover the refurbishment and operation of the SX-EW plant, operation of the heap leach pads,” he said.

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Firebird Metals Ltd (ASX:FRB, OTC:FRBMF) has appointed globally recognised battery materials authority Ken Hoffman as special advisor to the board. With more than 30 years of experience, including his role as global head of battery materials at McKinsey & Company, Hoffman will play a key role in shaping Firebird’s strategy to penetrate Western markets.

Hoffman’s appointment comes as demand for high-purity manganese chemicals continues to grow around the world, propelled by increasing adoption of lithium manganese iron phosphate (LMFP) and lithium manganese-rich (LMR) cathode technologies — particularly by automotive giants GM and Ford.

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Fineqia International Inc (CSE:FNQ, OTC:FNQQF) on Monday reported a 152% rise in total revenue for the first quarter of 2025, powered by strong institutional demand for its Cardano-linked exchange-traded note (ETN).

The digital asset and investment firm said revenue rose to nearly C$358,00 for the three months ended March 31, from C$142,000 in the previous quarter — its strongest performance to date.

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Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL, VFEX:CMCL) is a ‘buy’, offering a potential 45% upside, that’s according to stockbroker Panmure Liberum, which called today’s high-grade gold results “encouraging”.

Panmure Liberum’s ‘buy’ rating comes with a price target pitched at 2,054p.

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Candel Therapeutics Inc (NASDAQ:CADL) announced that it has appointed Charles Schoch as its chief financial officer.

Schoch had served as interim CFO since January 2024 and is being elevated to the permanent position, the company said on Monday.

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Medicus Pharma (NASDAQ:MDCX) said on Monday it has appointed Andrew Smith as chief operating officer, bringing on board a seasoned asset management executive as the company accelerates its clinical development programs in the US, Europe, and the Middle East.

Smith, who most recently served as CEO of SR Asset Management until its sale in 2024, brings over 30 years of experience in financial and operational leadership. Prior to SRAM, he held several senior roles at Aberdeen Asset Management, including co-head of Americas, COO, CFO, and CCO for its North American Closed-End Funds.

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HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) has signed a deal to acquire a data center facility in Toronto with approximately 7.2 megawatts of installed capacity.

The company said the purchase, made through its wholly owned subsidiary BUZZ High Performance Computing Inc., will support large-scale AI training, inference, and cloud services aimed at Canadian enterprises, government programs, and researchers.

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Nextech3D.ai (CSE:NTAR, OTCQX:NEXCF) announced that it has rolled out a major update to its Map Dynamics platform, including a full migration to Amazon Web Services (AWS), the launch of new AI-powered features, and a strategic push into new event verticals such as music festivals and public expos.

"We've spent the last year upgrading Map Dynamics into a true growth engine with scalable infrastructure, robust margins, and a powerful roadmap," Nextech3D.ai CEO Evan Gappelberg said.

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Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) has unearthed high grades in new drilling results from its Blanket Mine in Zimbabwe.

Grades and intersection widths from the Blanket and Eroica orebodies were better than expected.

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