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The Markets
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Small cap wrap: Nextech3D.ai, EnWave, G Mining Ventures, Santacruz Silver...

Blockmate Ventures Inc (TSX-V:MATE, OTCQB:MATEF) announced the expansion of its Bitcoin treasury division through the acquisition of one Bitcoin, bringing its total holdings to two.

The newly acquired Bitcoin was purchased using the company’s existing cash reserves and is now stored using secure wallet infrastructure that integrates with Blockmate’s audited reporting framework.

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Nextech3D.AI (CSE:NTAR, OTCQX:NEXCF) has reported its audited financial results for the 15-month period ended March 31, 2025, which showed strong progress in gross profitability and cost discipline.

Gross profit increased 55% to $2.24 million from $1.45 million in the previous 12-month period, while gross margin expanded to 64% from 29%.

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HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) announced it has exceeded 14 Exahash per second (EH/s) of Bitcoin mining hashrate across its operations in Canada, Sweden, and Paraguay.

This milestone brings the company’s current Bitcoin annual run rate for revenue to $315 million, with mining margins of approximately 55% after electricity costs, based on the current hashprice as tracked by the Bitcoin Hashprice Index.

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Royalty Management Holding Corp (NASDAQ:RMCO) said on Wednesday it had identified valuable rare earth elements within its TR Mining & Equipment portfolio company’s exclusive prospecting lease in Jamaica, expanding the resource potential of the 213 million-ton raw feedstock deposit.

Initial assessments of the site had focused on iron ore, titanium, and vanadium. However, a recent expanded sampling program revealed the presence of rare earth elements used in electric vehicles, wind turbines, defense technologies, and high-performance electronics, the company said.

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EnWave Corp (TSX-V:ENW, OTC:NWVCF) has announced the sale of two additional 10kW Radiant Energy Vacuum (REV) dehydration machines to Dairy Concepts Ireland (DCI).

These are the fifth and sixth REV units acquired by the Ireland-based company, which holds an exclusive license to use EnWave’s proprietary drying technology to produce specific dairy snacks in the UK.

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American Resources Corp (NASDAQ:AREC) and its subsidiary ReElement Technologies have signed a memorandum of understanding (MOU) with the American Samoa Economic Development Authority (ASEDA) to explore the development of a critical mineral refinery in the U.S. territory, the company said on Wednesday.

The project would focus on processing deep sea nodules found in the waters around American Samoa, targeting key materials such as copper, cobalt, nickel, manganese, and rare earth elements.

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NanoViricides (NYSE-A:NNVC) said on Wednesday that its antiviral candidate NV-387 could play a key role in addressing the growing number of measles cases globally, particularly in industrialized nations including the US, Canada, the UK, and the EU.

The company said NV-387 has shown safety and effectiveness in preclinical studies using humanized mouse models and has completed a Phase I clinical trial with no reported adverse events, supporting its potential as a measles treatment.

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G Mining Ventures Corp (TSX:GMIN, OTCQX:GMINF) has released its 2024 Environmental, Social, and Governance (ESG) Report, highlighting its transition from mine developer to operator and progress at the Tocantinzinho Gold Mine (TZ) in Brazil, the Oko West Project in Guyana, and the Gurupi Project in Brazil.

The report was prepared in alignment with globally recognized frameworks, including GRI, SASB, TCFD, TNFD, IFRS S1/S2, and the United Nations Sustainable Development Goals.

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MustGrow Biologics Corp. (TSX-V:MGRO, OTCQB:MGROF) said on Wednesday it plans to raise up to C$3 million through a non-brokered private placement, as the agricultural biotech firm looks to ramp up production of its mustard-derived soil bioproducts.

The financing will see the company issue up to 4.29 million units at C$0.70 each, with each unit comprising one common share and one five-year warrant exercisable at C$0.90.

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Santacruz Silver Mining Ltd (TSX-V:SCZ, OTC:SZSMF) reported stable second-quarter production, supported by higher throughput at several of its operations.

The company produced 3.55 million silver equivalent ounces in Q2 2025, with silver output totaling 1.42 million ounces and zinc production steady at 21,148 tonnes.

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Cornish Metals Inc (AIM:CUSN, TSX-V:CUSN, OTC:SBWFF) this week hosted the UK Chancellor of the Exchequer Rachel Reeves at its South Crofty tin project.

The visit, on Tuesday, followed the UK Government’s £28.6 million investment earlier in the year via the National Wealth Fund.

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Petro Matad Limited (AIM:MATD, OTC:PRTDF) has reported continued stable production from its Heron-1 well at rates between 150 and 160 barrels of oil per day with a water cut of less than 3%.

To date, around 46,000 barrels have been produced and exported under an agreement with PetroChina.

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Zephyr Energy PLC (AIM:ZPHR, OTCQB:ZPHRF) chair Rick Grant has told investors he is expecting “a prolonged period of positive news flow”, as the company advances its assets in Utah and progresses its portfolio of production assets.

Grant’s comments come in a statement ahead of today’s AGM, taking place in London later today.

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Titan Minerals Ltd (ASX:TTM, OTC:TTTNF) has extended high-grade gold mineralisation at its Dynasty Project and confirmed a kilometre-scale porphyry copper system at Linderos, as part of a milestone-packed June quarter across its Ecuadorian portfolio.

At Dynasty, drilling at Cerro Verde and Iguana returned multiple high-grade intercepts, including 7.8 metres at 2.5 g/t gold and 30.2 g/t silver from 218.2 metres at Cerro Verde and 2.6 metres at 3.5 g/t gold and 21.5 g/t silver from just 26.8 metres at Iguana.

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Prescient Therapeutics Ltd (ASX:PTX, OTC:PSTTF) on Wednesday issued results for the June quarter highlighting the first patient dosing in its Phase 2a trial of PTX-100 for cutaneous T-cell lymphoma (CTCL), following the US FDA’s decision to grant the investigational cancer therapy Fast Track designation.

The designation provides access to expedited regulatory pathways in the US, recognising PTX-100’s potential to address an unmet need in relapsed or refractory mycosis fungoides, the most common CTCL subtype. Prescient closed the quarter with $6.9 million in cash and later raised a further $6.8 million via a Share Purchase Plan (SPP), which concluded in July.

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Apollo Minerals Ltd (ASX:AON, OTC:APOMF) advanced its exploration strategy in Gabon during the June 2025 quarter, completing a 14-hole (1,695-metre) Phase 2 diamond drilling program across the A1, A3, and P6 prospects at the Salanie Gold Project. The campaign tested both previously reported shallow high-grade zones and newly identified structural targets.

Key results included:

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Ionic Rare Earths Ltd (ASX:IXR, OTC:IXRRF) subsidiary Ionic Technologies is accelerating production of two critical heavy rare earths — dysprosium oxide (Dy2O3) and terbium oxide (Tb₄O₇) — at its Belfast plant in response to urgent supply requests from major customers across the US, Europe, and Asia.

The strategic move, announced on Wednesday, comes as the global shortage of these essential materials, used in the manufacture of high-performance neodymium-iron-boron (NdFeB) magnets, intensifies amid China's export restrictions, with Chinese exports now at historically low levels.

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Firebird Metals Ltd (ASX:FRB, OTC:FRBMF) has announced its strategic move into the development of Lithium Manganese Rich (LMR) cathode materials, targeting next-generation solid-state battery applications and expanding Firebird’s existing expertise in manganese battery chemicals.

The move enables Firebird to tap into the growing demand for advanced battery technologies, particularly within the electric vehicle (EV) sector and emerging high-energy applications such as eVTOL aircraft and robotics.

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Solis Minerals Ltd (ASX:SLM, TSX-V:SLMN, OTCQB:SLMFF) made significant strides during the quarter ending May 31, 2025, across its copper exploration portfolio in southern Peru, with drilling approvals secured, early-stage exploration advancing, and a strategic delisting from the TSX Venture Exchange (TSX-V) completed post-quarter.

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Terra Metals Ltd (ASX:TM1, OTC:PNGZF) has detailed significant progress across exploration, resource development and corporate initiatives at its flagship Dante Project in Western Australia.

During the quarter, Terra secured a A$4 million placement to strategic investors, including Golden Energy and Resources Pte Ltd (GEAR), Matt Latimore (Founder and President of M Resources Pty Ltd), and Tribeca Investment Partners. The capital raise not only strengthens the company’s balance sheet, but also brings high-profile backing to support ongoing exploration and development work.

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Anteris Technologies Pty Ltd (ASX:AVR, NASDAQ:AVR) has executed a First Amended and Restated Master Services Agreement (A&R MSA) with Switchback Medical, LLC to support the development and manufacture of its structural heart devices.

The updated agreement, signed on July 28, 2025, outlines Switchback’s continued provision of engineering, testing, and manufacturing services under defined purchase orders and pricing structures. All activities are to be carried out in line with regulatory and quality management standards.

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