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The Markets
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Small cap wrap: Gunnison Copper, BioHarvest Sciences, Santacruz Silver, EDM Resources...

Synchronoss Technologies Inc (NASDAQ:SNCR) reported second-quarter results reflecting steady subscriber growth and strengthened financial flexibility, while reaffirming its outlook for 2025.

The company posted total revenue of $42.5 million for the quarter ended June 30, supported by 2% year-over-year growth in cloud subscribers.

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Royalty Management Holding Corp (NASDAQ:RMCO) on Monday reported record second-quarter results, driven by gains from its portfolio of resource and technology investments.

Revenue for the first half of 2025 rose to $2.25 million, up 440% from $416,000 a year earlier.

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AMC Entertainment Holdings (NYSE:AMC) reported strong second quarter 2025 results, with revenues surging 35% year-over-year, driven by a rebound in movie attendance and increases in per-guest spending.

Revenue was $1.4 billion, exceeding analyst estimates by $50 to $60 million.

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Tiziana Life Sciences Ltd (NASDAQ:TLSA) announced that the US Food & Drug Administration (FDA) has approved the Investigational New Drug (IND) application for its Phase 2a clinical trial of intranasal foralumab in patients with Multiple System Atrophy (MSA).

The Phase 2a study is a six-month, open-label clinical trial designed to evaluate the effects of intranasal foralumab on microglial activation, clinical outcomes, and safety in MSA patients.

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American Resources Corp (NASDAQ:AREC), through its holding in ReElement Technologies, announced it has developed commercial protocols to produce germanium with purities exceeding 99.9% from both recycled and ore-based feedstocks.

The company's process is designed to supply commercial and defense markets requiring germanium products with purities ranging from 99.9% to 99.999%. Production can be sourced from virgin material or customer-provided recycled feedstock.

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Wedgemount Resources Corp (CSE:WDGY, OTCQB:WDGRF) said on Monday it had agreed to sell up to a 5% overriding royalty interest (ORRI) in its west central Texas oil and gas assets to an undisclosed third party for as much as $800,000.

The deal includes an initial sale of a 1% ORRI in Wedgemount’s 100% working interest for $160,000, according to a statement from the company.

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Falcon Oil & Gas Ltd (AIM:FOG, TSX-V:FO) shares climbed in Monday’s early deals after reporting a successful result in its Shenandoah South 2H Sidetrack well.

The well, part of Falcon’s Beetaloo Basin project, gave one of the play’s best results to date. It showed an average flow rate of 6.7 million cubic feet per day over 90 days.

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EDM Resources Inc (TSX-V:EDM, OTC:SWNLF) announced the final results of a dense media separation (DMS) study on zinc and lead composite samples from its Scotia Mine, near Halifax in Nova Scotia, showing the potential to increase metal grades while reducing processing costs.

The company said the process could pre-concentrate crushed run-of-mine material prior to flotation, thereby lowering overall mineral processing expenses.

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BioHarvest Sciences Inc. (NASDAQ:BHST) reported a 41% rise in second-quarter revenue, driven by growth in its VINIA product line and contributions from its contract development and manufacturing (CDMO) business.

Revenue for the quarter ended June 30 rose to $8.5 million from $6 million a year earlier, in line with the company’s guidance.

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Santacruz Silver Mining Ltd (TSX-V:SCZ, OTC:SZSMF) said on Monday its Bolivian unit San Lucas SA has raised 70 million Bolivian Bolivianos ($10.1 million) through a second promissory note issuance.

The deal lifts total proceeds from the San Lucas Promissory Notes Issuance Program to 140 million Bolivian Bolivianos.

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Gunnison Copper Corp (TSX:GCU, OTCQB:GCUMF) has kicked off operations at its solvent extraction and electrowinning plant at the Johnson Camp Mine in southeast Arizona, with first copper sales expected as soon as September.

This marks a significant milestone for the company, moving closer to producing “Made-in-America” copper.

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Spanish Mountain Gold Ltd (TSX-V:SPA, OTC:SPAZF) said its planned fundraising has increased by C$1 million to C$6 million, thanks to strong investor demand.

The Vancouver-based miner is offering a mix of ordinary shares and flow-through shares, a Canadian tax incentive vehicle that allows investors to claim exploration expenses as deductions, making these shares particularly attractive.

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Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL, VFEX:CMCL) delivered an exceptional second quarter, setting new records for production, profitability, and cash generation at its flagship Blanket Mine in Zimbabwe.

The results, released earlier on Monday, show the company firing on all cylinders amid soaring gold prices, with Cavendish Capital Markets highlighting that second-quarter profitability actually exceeded entire full-year profits from recent years.

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Versarien PLC (AIM:VRS, OTC:VRSRF) shares dropped 31% on Monday amid mounting concerns over its financial position and restructuring efforts.

The advanced engineering materials group confirmed it has begun placing key subsidiaries, including Versarien Graphene Limited, into administration or voluntary liquidation to conserve cash.

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Chill Brands Group PLC (LSE:CHLL, OTCQB:CHBRF) shares resumed trading on the Main Market of the London Stock Exchange for the first time since being suspended in June 2024.

It follows the delayed release of its FY24 audited results and interim results, which were published recently (during June and July). That coincided with the company changing its accounting reference date.

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Zenith Energy Ltd (LSE:ZEN, TSX-V:ZEE) announced the acquisition of five development-stage agrivoltaic solar projects in the Piedmont region of Italy, with the assets adding a combined capacity of about 30 MWp.

The projects are expected to integrate agricultural activities with solar energy production using single-axis tracker systems on farmland, the company said.

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Tertiary Minerals PLC (AIM:TYM, OTC:TTIRF) has completed its second phase of drilling at Target A1, part of the Mushima North Project in Zambia’s Iron-Oxide-Copper-Gold region, delivering what it described as 'encouraging' early data.

The company drilled 1,116 metres across 16 holes, extending the known silver, copper and zinc mineralisation by about 350 metres to the north and over a width of roughly 300 metres.

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Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL, VFEX:CMCL) reported a strong second quarter, boosted by record gold production and rising prices.

The company’s gold revenue rose 30% to $65 million, compared with $50.1 million in the same period last year.

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Chill Brands Group PLC (LSE:CHLL, OTCQB:CHBRF) is gearing up for growth following the restoration of its London Stock Exchange listing.

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CleanTech Lithium PLC (AIM:CTL, OTCQX:CTLHF) has announced a series of significant developments, including the acquisition of additional licences, a fundraising plan, a loan note restructuring, and changes to its board.

It has signed an agreement to acquire 30 more licences at its Laguna Verde project in Chile from Minergy Chile, a local family office.

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Provaris Energy Ltd (ASX:PV1, OTC:GBBLF) has begun a fully funded front-end engineering design (FEED) program for its proprietary large-scale low-pressure liquid carbon dioxide (LCO₂) tank, marking a key step towards commercialisation and positioning the company for growing opportunities in the carbon capture and storage (CCS) sector.

Development partner Yinson Production AS (Yinson) will fund 100% of the FEED phase under the parties’ existing joint development agreement, covering four major engineering and integration packages for use in Yinson’s planned Floating Storage Injection Unit (FSIU) for offshore LCO₂ injection.

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Tamboran Resources Corporation (ASX:TBN, NYSE:TBN, OTC:TBNRL)'s Shenandoah South 2H sidetrack (SS-2H ST1) well has achieved a Beetaloo Basin record average 90-day initial production (IP90) flow rate of 6.7 million cubic feet per day (MMcf/d) over a 5,483-foot stimulated horizontal within the Mid Velkerri B Shale.

Flow rates over the final 30 days increased by approximately 2% without downhole intervention, maintaining a 44/64-inch choke. At the end of the 90-day period, the well flowed at 6.5 MMcf/d with wellhead pressure of around 700 psi, only a 3% decline from Day 60.

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Lanthanein Resources Ltd (ASX:LNR, OTC:FRNRF) has outlined plans for a targeted soil geochemical sampling program at the Hart Bore area of its Lyons Project (E09/2515) in the Gascoyne region of Western Australia, following a detailed review of historic exploration data.

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Terra Metals Ltd (ASX:TM1, OTC:PNGZF) has unveiled a maiden mineral resource estimate (MRE) for its 100%-owned Dante Project in Western Australia’s West Musgrave region, confirming a globally significant titanium-vanadium-copper-platinum group element (PGE) system just 12 months after discovery.

The MRE totals 148 million tonnes at 14.8% titanium dioxide (TiO₂), 0.54% vanadium pentoxide (V₂O₅), 0.18% copper (Cu) and 0.33 g/t 3PGE (1.38% copper equivalent), containing an estimated 22 million tonnes (Mt) of TiO₂, 800,000 tonnes of V₂O₅, 270,000 tonnes of copper and 1.6 million ounces of 3PGE (400,000 ounces gold, 880,000 ounces platinum and 330,000 ounces palladium).

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Sovereign Metals Ltd (ASX:SVM, OTC:SVMLF, AIM:SVML) has confirmed its mining method and completed fleet design for the Kasiya Rutile-Graphite Project in Malawi, marking a major DFS milestone. The equipment, designed for large-scale dry mining, follows 2024 pilot trials that validated the efficiency of conventional dry mining techniques for Kasiya’s soft, saprolite-hosted mineralisation.

The fleet plan covers both primary and support operations for the initial 25-year mine life, with around 200 units to be acquired over the period, including replacements. CEO Frank Eagar said the phased deployment strategy reflects disciplined capital allocation and operational efficiency while ensuring low operating costs, flexibility and reliability.

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Solis Minerals Ltd (ASX:SLM, TSX-V:SLMN, OTCQB:SLMFF) has begun a 5,000-metre diamond drilling program at its wholly owned Ilo Este copper-gold project in southern Peru.

The company secured all required permits to start drilling and is targeting a series of high-priority zones.

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Lindian Resources Ltd (ASX:LIN, OTC:LINIF) has secured formal approval from the Malawi Mining and Minerals Regulatory Authority (MMRA) to expand its mining licence area for the Kangankunde Rare Earths Project from 900 hectares to 2,500 hectares.

The approval provides Lindian with a larger operational footprint, enabling the Stage 2 modular expansion to progress alongside construction of the Stage 1 process plant. It also offers regulatory certainty and government backing for the company’s development pathway.

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