The S&P/ASX Small Ordinaries Index (XSO) has risen 11.20 points or 0.34% today to 3,275.40, extending its gains to 17.80 points or 0.55% over the past five sessions. The index closed at 3,266.30 yesterday.
The index, which tracks companies ranked 101st to 300th by market capitalisation on the Australian Securities Exchange (ASX), reflected modest investor confidence in the small-cap sector.
It has been a little light on news this morning, however, you can read about the following and more throughout the day.
AuKing Mining Ltd (ASX:AKN) has kicked off exploration activities at its 100%-owned Myoff Creek Niobium and Rare Earth Elements (REE) project in the South-Central mining region of British Columbia, Canada.
Aurum Resources Ltd (ASX:AUE) has successfully completed a $35.6 million strategic placement, issuing 100 million ordinary shares at $0.356 per share.
Prescient Therapeutics Ltd (ASX:PTX, OTC:PSTTF) has extended the closing date of its Share Purchase Plan (SPP) to 5.00 pm (AEST) on Tuesday, July 22, 2025, to give eligible shareholders additional time to participate in the offer. The SPP aims to raise up to A$7 million to progress lead candidate PTX-100 through Phase 2 clinical development towards potential regulatory approval.
Evion Group NL has made strong progress at its flagship Maniry Graphite Project in Madagascar, following its recognition as a Strategic Project under the European Union’s (EU) Critical Raw Materials Act in June 2025.
Nova Minerals Ltd has confirmed the pricing of its NASDAQ offering to raise gross proceeds of approximately US$11.1 million. The funds are expected to support ongoing exploration and development activities at its flagship Estelle Gold Project in Alaska.