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The Markets
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Small cap wrap: Medicus Pharma, Zynex, Liberty Star, First Phosphate...

Protalix Biotherapeutics Inc (NYSE-A:PLX) has been added to the Russell 3000 and Russell 2000 Indexes as part of FTSE Russell’s annual reconstitution.

The inclusion provides the Israel-based biopharmaceutical company with broader exposure to institutional investors and index funds that benchmark against the widely tracked indexes.

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T Stamp Inc (NASDAQ:IDAI, EURONEXT:AIID), doing business as Trust Stamp, has announced a strategic partnership with Neural Payments, a company offering real-time peer-to-peer (P2P) payment solutions to banks and credit unions.

The collaboration aims to combat rising fraud risks in the rapidly growing P2P payment market, now valued at $3.2 trillion.

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Zynex Inc (NASDAQ:ZYXI) has announced the appointment of Steve Dyson as chief executive officer, marking a new chapter for the medical technology company founded in 1996 by its outgoing CEO, Thomas Sandgaard.

Sandgaard will continue to serve as chairman of the board and will also lead the company’s Technology Committee.

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Liberty Star Uranium & Metals Corp. (OTCQB:LBSR) announced that it has initiated a three-dimensional induced polarization (3D IP) geophysical survey at its Red Rock Canyon (RRC) gold project, located within the Hay Mountain project area in southeastern Arizona.

The goal of the survey is to better define subsurface targets for potential future exploration, the company said on Monday.

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Seeing Machines Ltd (AIM:SEE, OTC:SEEMF), the UK-listed tech firm specialising in driver monitoring systems, is picking up speed with its next-generation aftermarket product.

Stifel notes that the Guardian Gen 3 platform is now gaining industry traction, with Mitsubishi Electric North America already piloting the technology and more recently placing the largest Gen 3 order to date.

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Medicus Pharma (NASDAQ:MDCX) has agreed to acquire Antev, a UK-based drug developer working on treatments for prostate conditions, in a share-based deal that could be worth up to US$65 million in future milestone payments.

Under the terms of the agreement, Antev shareholders will receive 2.67 million Medicus shares, equivalent to around 17% of the enlarged company, and worth $7.7 million at current prices.

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First Phosphate Corp. (CSE:PHOS, OTCQB:FRSPF), the Quebec-based mineral development firm, plans to raise at least $2 million in a private share placement to a strategic investor, aiming to support exploration work and general corporate activities.

The offering will follow the structure of a similar fundraising in May that was initially pitched at $1 million but ultimately pulled in more than three times that amount. That earlier raise closed in two tranches at the end of May and early June.

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Protalix Biotherapeutics Inc (NYSE-A:PLX) announced that it has been added to the Russell 3000 and Russell 2000 Indexes, effective after the US market closed on Friday, June 27.

The inclusion follows the annual reconstitution of the Russell indexes by global index provider FTSE Russell. The Russell indexes reconstitution ranks the 4,000 largest US stocks based on total market capitalization as of April 30.

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Valdor Technology International Inc (CSE:VTI), a provider of advanced fiber optic components, announced that its CEO, Dorian Banks, has stepped down from his role and resigned from the company’s board of directors.

The company’s board of directors expressed appreciation for Banks’ contributions during his tenure and extended best wishes for his future endeavors.

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Shares in Seeing Machines Ltd (AIM:SEE, OTC:SEEMF) rose 10% after the driver monitoring technology company announced a new agreement with Mitsubishi Electric Europe to boost sales of its Guardian Generation 3 system across the continent.

The partnership aims to capitalise on rising demand driven by European Union safety regulations, which now require all new vehicle models to be fitted with systems that monitor driver attention and fatigue.

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Touchstone Exploration Inc (AIM:TXP, TSX:TXP, OTC:PBEGF) shares slumped on Monday after the oil and gas junior was forced to close its previously announced £15.38 million equity raise with only $5.05 million proceeds in its coffers.

Some £10 million pledged by Portillion Capital Asset Management had still not been received by the time a 27 June deadline passed.

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Shares in Guardian Metal Resources (LSE:GMET) rose 4% on Monday after the company reported high-grade tungsten and gallium mineralisation across multiple zones at its Tempiute project in Nevada.

Recent assays confirmed tungsten trioxide (WO₃) grades of up to 2.66% and gallium concentrations as high as 100 ppm in surface and stockpile samples, with new targets identified through expanded claim staking.

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Argo Blockchain PLC (LSE:ARB, OTCQX:ARBKF, NASDAQ:ARBK) shares plummeted 62% on Monday after the company unveiled a sweeping restructuring plan that will see existing shareholders’ equity cancelled.

The plan, aimed at avoiding insolvency, will hand control to US-based Growler Mining in exchange for emergency financing and asset contributions.

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Chariot Ltd (AIM:CHAR, OTC:OIGLF) chief executive Adonis Pouroulis told investors there’s a clear plan for both its upstream and renewable energy businesses as the small-cap firm reported final results for 2024, a period that preceded plans to split the company.

In May, Chariot announced it would separate the two businesses, which each have their own growth paths.

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Zephyr Energy PLC (AIM:ZPHR, OTCQB:ZPHRF) chair Rick Grant described 2024 as “a period of continued progress” as the company reported its audited final results for the year.

It comes as Zephyr works to ‘unlock the next prolific onshore oil and gas play in the United States’, in the Paradox basin, in Utah.

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CleanTech Lithium PLC (AIM:CTL, OTCQX:CTLHF) said its appeal to enter the streamlined process for a Special Lithium Operating Contract for its Laguna Verde project was rejected by Chile’s Ministry of Mines.

It stated that the Ministry of Mines determined that CleanTech Lithium's application did not meet the specific technical thresholds to enter the streamlined process.

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ACG Metals Ltd (LSE:ACG, OTC:ACGAF) has appointed Peter Carter as chief operating officer, to lead its global operations, starting with the Gediktepe mine in Turkey.

Carter brings over 40 years’ experience in mine engineering, operations management and project development. As well as leading operations, he is also expected to work closely with senior management to deliver on the company’s acquisition plans.

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Seeing Machines Ltd (AIM:SEE, OTC:SEEMF) has entered into a new agreement with Mitsubishi Electric’s European division aimed at expanding sales of its Guardian Generation 3 driver monitoring system across the region, as demand grows ahead of new European vehicle safety rules.

The AIM-listed company, which develops technology that tracks driver attention and fatigue using artificial intelligence and computer vision, said the partnership would give it access to Mitsubishi Electric Europe’s established fleet networks and long-standing relationships with commercial vehicle manufacturers.

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Vinanz Ltd (LSE:BTC, OTCQB:VINZF), the Bitcoin treasury company with mining operations in the United States and Canada, said it had repaid a $2 million debt facility by transferring shares from its executive directors to the lender, bringing an earlier investment agreement to an end.

The London main board-listed group had originally signed a financing agreement in May with an institutional investor, allowing for up to $4 million in funding.

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West Wits Mining Ltd (ASX:WWI, OTCQB:WMWWF) will bank ZAR 875 million (approximately US$50M, AU$76.5M) after signing definitive agreements for a senior syndicated loan facility to fund the Qala Shallows Gold Project in South Africa.

This is a significant step in the development of the first phase of the Witwatersrand Basin Project and coincides with the delivery of a 7.5-tonne underground Load-Haul-Dump (LHD) unit to the Qala Shallows site, marking the start of on-the-ground mine development works.

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Experienced geologist Austin Zinsser joins the Resolution Minerals Ltd (ASX:RML, OTC:RLMLF) team as lead consulting geologist to support exploration and development at the Horse Heaven Antimony-Gold-Silver-Tungsten Project in Idaho, United States.

With over 15 years’ experience, including 12 years at Perpetua Resources’ Stibnite Gold Project, adjacent to Horse Heaven, Zinsser brings with him a wealth of experience that Resolution will draw on to help the company fulfil its aim of turning Horse Heaven into a major critical metals deposit.

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