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The Markets
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Proactive UK has moved.
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The Markets
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Proactive UK has moved.
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
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Archive

Small cap wrap: Bit Digital, GMG, Fineqia, Lancaster Resources...

Bit Digital Inc (NASDAQ:BTBT) announced that it has completed the transition of its corporate treasury strategy to Ethereum (ETH), positioning the company among the largest public holders of ETH globally.

Shares of Bit Digital were up over 24% on Monday morning in New York at US$3.69.

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First Phosphate Corp. (CSE:PHOS, OTCQB:FRSPF) announced that it has successfully produced commercial-grade lithium iron phosphate (LFP) 18650 format battery cells using critical minerals sourced entirely from North America.

This development marks a step forward in First Phosphate's efforts to establish a localized LFP battery supply chain within the continent, the company said on Monday.

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Sona Nanotech Inc (CSE:SONA, OTCQB:SNANF) announced that it has dosed the first patient in an early feasibility study of its Targeted Hyperthermia Therapy (THT) cancer treatment.

The study is evaluating the safety, tolerability, and preliminary efficacy of its THT therapy in patients with advanced melanoma who have not responded to standard immunotherapy treatments.

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Graphene Manufacturing Group Ltd (TSX-V:GMG, OTCQX:GMGMF) said on Monday it has commenced global sales of its G Lubricant product through both its website and direct-to-customer channels.

The company said the lubricant is now being sold in several markets including Australia, the UK, Europe, China, Canada and the US.

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Santacruz Silver Mining Ltd (TSX-V:SCZ, OTC:SZSMF) announced that it has made the third payment of US$7.5 million to Glencore as part of its previously disclosed acquisition of Bolivian mining assets.

The payment is the third in a series under the company’s US$40 million Acceleration Option plan, which is set to be completed by October 31.

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Lancaster Resources Inc (CSE:LCR, OTCQB:LANRF) said on Monday it had completed the acquisition of the Lake Cargelligo gold project in New South Wales, Australia.

The deal, finalized on June 30, and includes a 100% interest in the district-scale property located in the prolific Cobar mining district.

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Fineqia International Inc (CSE:FNQ, OTC:FNQQF) said on Monday its recently launched yield-bearing Bitcoin exchange-traded product (ETP) has exceeded C$13.9 million ($10.1 million) in assets under management (AUM).

Issued by its Liechtenstein-based unit Fineqia AG and listed on the Wiener Börse, the Fineqia Bitcoin Yield ETP is the first listed product to offer both exposure to Bitcoin and yield generated via decentralised finance protocols.

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Thor Energy PLC (AIM:THR, OTCQB:THORF, ASX:THR) shares traded higher in Monday morning's deals after it reported positive soil gas geochemistry results at the HY-Range project (RSEL 802) in South Australia.

Hydrogen readings exceeding 1,000 ppm and peaking at 3,000 ppm, and helium values up to 27 ppm, the company told investors.

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Mkango Resources Ltd (AIM:MKA, TSX-V:MKA, OTC:MKNGF) shares moved up on Monday after it announced the first production runs from its commercial-scale Hydrogen Processing of Magnet Scrap (HPMS) vessel at its Tyseley Energy Park recycling plant in Birmingham.

The operation, developed with the University of Birmingham and commercial partner HyProMag, will initially supply high-grade NdFeB alloy powder for third-party processing and aims to deliver 0.5 tonnes per month of recycled product by the end of July, rising to at least 2 tonnes per month by December 2025.

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Guardian Metal Resources PLC (AIM:GMET, OTCQX:GMTLF) told investors it has expanded its footprint near the Pilot Mountain project, in Nevada.

The explorer announced it has acquired 59 Bureau of Land Management Lode Claims, to form the Pilot North tungsten project.

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Pantheon Resources PLC (AIM:PANR, OTCQX:PTHRF) has announced a $16.25 million equity raise, with proceeds set to fund the planned Dubhe-1 appraisal well on Alaska’s North Slope.

A placing and subscription are price the new shares at 21.15p each.

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CleanTech Lithium PLC (AIM:CTL, OTCQX:CTLHF) said recent trials of new membrane technology developed by DuPont Water Solutions met or exceeded expectations, supporting the case for more efficient lithium processing at lower cost.

The test work, carried out on eluate from CleanTech’s pilot plant in Chile, showed strong lithium recovery alongside high rejection rates for impurities such as calcium and magnesium.

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Cobalt Blue Holdings Ltd (ASX:COB, OTC:CBBHF) last week confirmed it had secured a three-year extension to major project status for the Broken Hill Cobalt Project. Dr Andrew Tong spoke with Proactive about the latest developments.

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Resolution Minerals Ltd (ASX:RML, OTC:RLMLF) last week shared plans to begin exploration at the Horse Heaven Gold, Antimony, Silver, and Tungsten Project in Idaho, USA. Resolution Minerals CEO of US Operations Craig Lindsay talked with Proactive about the company’s upcoming maiden exploration program.

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Buru Energy Ltd (ASX:BRU, OTC:BRNGF) has received approval from the Western Australian Government Department of Mines, Petroleum and Exploration (DMPE) for a two-year extension to apply for a Petroleum Production Licence or a Petroleum Retention Lease over the Rafael gas and condensate field, located within Exploration Permit EP 428 in the Canning Basin.

The extension preserves Buru’s development timeline for the Rafael Gas Project, allowing the company to progress towards first production while retaining the flexibility to lodge a licence application upon completion of key project milestones.

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The Markets
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