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The Markets
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Small cap wrap: Power Metallic Mines, Graphene Manufacturing Group, Ocean Power Technologies, Fineqia International…

Thor Explorations Ltd (TSX-V:THX, AIM:THX, OTC:THXPF) delivered a solid second quarter of production at its Segilola gold mine in Nigeria and remains on track to meet full-year guidance, with analysts at Hannam & Partners seeing clear near-term upside and a “material re-rating” potential once the company publishes a Pre-Feasibility Study (PFS) for its Douta project in Senegal.

“This is a good set of results and demonstrates a solid operational performance at Segilola,” the analysts wrote in a note following Thor’s release of Q2 production figures.

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Graphene Manufacturing Group Ltd (TSX-V:GMG, OTCQX:GMGMF) announced that the Australian patent for its graphene aluminium ion battery has been granted.

The patent is held by the University of Queensland (UQ), which has provided GMG with a worldwide exclusive commercialization license, the company said on Monday.

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NanoViricides (NYSE-A:NNVC) said on Monday it is close to finalizing the design of a Phase II adaptive clinical trial for its lead candidate NV-387 to treat MPox virus Clade 1a and 1b infections.

The trial aims to assess safety, tolerability, and antiviral effectiveness in approximately 80 patients, with the initial Phase IIa portion to be conducted at a single site in the Democratic Republic of Congo (DRC).

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Ocean Power Technologies Inc (NYSE-A:OPTT) announced it has achieved ISO 9001 certification for its quality management system.

The certification, awarded under the ISO 9001 standard, recognizes organizations that consistently meet customer and regulatory requirements through effective quality management practices.

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Fineqia International Inc (CSE:FNQ, OTC:FNQQF), a digital asset and investment firm, said on Monday it has cross-listed its recently launched yield-bearing Bitcoin exchange-traded product (ETP), YBTC, on the Amsterdam and Paris venues of the Euronext Stock Exchange.

The product, which targets a 6% annual yield through decentralized finance (DeFi) activities on the blockchain, was first issued by Fineqia’s Liechtenstein-based subsidiary, Fineqia AG, on the Vienna Stock Exchange earlier this month.

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Power Metallic Mines Inc (TSX-V:PNPN, OTCQB:PNPNF) told investors that it has closed its previously announced agreement to acquire a 100% interest in 313 mineral claims from Li-FT Power, expanding its Nisk property in Quebec.

The acquired claims total 167 square kilometres and bring the company’s Nisk camp to approximately 212.86 km² of land, including 20 kilometres of strike on the northern basin margin and 30 kilometres on the southern margin.

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UK companies holding Bitcoin on their balance sheets have seen their shares lifted as the cryptocurrency smashed through $120,000 for the first time on Monday.

In early trading, the cryptocurrency was $122,569.40, up 3% on Friday's closing price. With it rose London BTC Company Ltd (LSE:BTC, OTCQB:VINZF), which was up 4.4% and Coinsilium Group Limited (AQSE:COIN, OTCQB:CINGF), which rose 5.6%.

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Thor Explorations Ltd (TSX-V:THX, AIM:THX, OTC:THXPF) has delivered a solid operational update from the Segilola mine in Nigeria for the second quarter, alongside a progress report on its assets in Senegal and Côte d'Ivoire.

Between April and June, the company poured just under 23,000 ounces of gold. It sold a slightly higher 25,900 ounces at an average price of $3,187 per ounce, generating revenue of $82.5 million.

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For those affected by Cutaneous T-Cell Lymphoma (CTCL), a rare and aggressive cancer, treatment options can be limited, and the side effects harsh. In Australia, Prescient Therapeutics Ltd (ASX:PTX, OTC:PSTTF) is working on an innovative solution that could offer a new treatment pathway for patients facing this devastating disease.

CTCL, which begins in the skin but can also affect the blood and internal organs, has long been a cancer of unmet need. The disease is often misdiagnosed in its early stages, and as it progresses, it can cause painful, disfiguring lesions. The treatments available today have a mixed track record, with 98% of patients reporting adverse reactions from their current therapies.

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GTI Energy Ltd (ASX:GTR, OTC:GTRIF) has issued a Notice of Meeting (NoM) ahead of a proposed rebrand to “American Uranium Limited”, alongside several resolutions requiring shareholder approval. The Extraordinary General Meeting (EGM) will consider the company’s proposed new name and ASX ticker change to “AMU”.

GTI believes the new name better reflects its asset base and future direction, with the shift aligning with the company’s US-focused uranium strategy, particularly in Wyoming’s Lo Herma region.

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Shares in DroneShield Ltd (ASX:DRO, OTC:DRSHF) surged as much as 12% to a record A$3.09 after the company unveiled major capacity expansion plans, coinciding with news that French President Emmanuel Macron will bring forward a significant defence budget increase. Macron announced that French military spending will double to €64 billion by 2027 — three years ahead of schedule.

“In response to rising threats and multiple wars taking place across the globe, Australia’s allies are increasing investment in modern defence capabilities,” DroneShield CEO Oleg Vornik said.

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A Beetaloo Basin record highlights the start to Tamboran Resources Corporation (ASX:TBN, NYSE:TBN, OTC:TBNRL)’s 2025 drilling campaign. The company has reported initial production (IP60) flow rate from its Shenandoah South 2H sidetrack (SS-2H ST1) well, averaging 6.8 million cubic feet per day (MMcf/d) over a 60-day test period.

The well was drilled within the Mid Velkerri B Shale and delivered consistent flow with low decline. It positions Tamboran’s acreage as commercially promising for dry gas delivery to Australia’s East Coast market.

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Lithium Universe Ltd (ASX:LU7, OTC:LUVSF) has started the first phase of its critical metals recovery initiative, with a focus on silver extraction from photovoltaic (PV) solar panels. The development follows collaboration with Dr Binesh Puthen Veetti and his team at Macquarie University, who have pioneered new silver extraction technology.

The company has secured global rights to the university’s proprietary “Microwave Joule Heating Technology” (MJHT), designed to recover metals from solar panel waste. The technology enables energy-efficient recovery of valuable materials from discarded solar panels.

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West Wits Mining Ltd (ASX:WWI, OTCQB:WMWWF) has announced a strategic refresh of its board as the company advances its operational activities at the Qala Shallows gold project in South Africa. Key changes include the appointment of current chief executive officer Rudi Deysel as managing director, and the addition of experienced mining executive Keith Middleton as non-executive director.

Long-serving director Hulme Scholes has stepped down after 14 years of service.

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Imugene Ltd (ASX:IMU, OTC:IUGNF) has announced promising new data from its ongoing Phase 1b trial of azer-cel (azercabtagene zapreleucel), an allogeneic, off-the-shelf CAR T-cell therapy targeting relapsed/refractory diffuse large B-cell lymphoma (DLBCL).

The updated results show a continued high overall response rate (ORR), with a total of six Complete Responses (CR) and three Partial Responses (PR) in the trial, bringing the ORR to 75%. These results further reinforce the potential of azer-cel as a treatment option for patients who have previously failed multiple lines of therapy, including autologous CAR T therapies.

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