European Lithium Ltd (ASX:EUR, OTCQB:EULIF) has unveiled fresh assay results from its Tanbreez Rare Earth Project in Greenland, with new 2024 diamond drilling confirming consistent high-grade mineralisation and a high proportion of strategic heavy rare earth oxides (HREOs).
The company released results from four drill holes at the Fjord Deposit, all of which intersected significant rare earth mineralisation with Total Rare Earth Oxide (TREO) grades ranging between 0.48% and 0.55% and heavy rare earths representing about 25–27% of the total. The program also returned strong zirconium oxide (ZrO₂) grades of 1.86–1.99% and gallium oxide assays of 90–100 parts per million (ppm), highlighting the project’s multi-metal potential.
The S&P/ASX Small Ordinaries Index (XSO) edged down marginally by 1.80 points or 0.05% to 3,489.80 on Wednesday but remains up 0.97% over the past five trading days.
It's a quiet start on the news front this morning, but you can read about the following and more throughout the day.
NanoViricides (NYSE-A:NNVC) said on Monday that its experimental broad-spectrum antiviral drug NV-387, now advancing into Phase II clinical trials, may help lower the risk of metastatic cancer returning in patients following viral infections.
The company said recent studies have found that inflammation, particularly elevated levels of the cytokine IL-6 caused by infections such as COVID-19 and influenza, can reactivate dormant cancer cells, leading to the resurgence of metastatic disease.
Viking Therapeutics (NASDAQ:VKTX) shares tumbled 43% on Tuesday following the release of data from its Phase 2a Venture Oral weight loss trial showing strong efficacy but that raised tolerability concerns.
The study showed that participants taking VK-2735 achieved placebo-adjusted weight losses of approximately 7.5% at 60 mg, 10% at 90 mg, and 11% at 120 mg over 13 weeks.
HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) announced that its subsidiary BUZZ High Performance Computing (BUZZ HPC) has entered into a preferred partnership with Bell Canada to provide large-scale sovereign artificial intelligence (AI) infrastructure through Bell AI Fabric.
Under the agreement, BUZZ HPC will supply Bell’s government and enterprise clients with access to NVIDIA Ampere, Hopper, and Blackwell GPU clusters connected through NVIDIA Quantum-2 InfiniBand networking.
American Resources Corp (NASDAQ:AREC) said Tuesday its rare earth refining unit ReElement Technologies has signed a binding long-term supply agreement with US magnet manufacturer Vulcan Elements, in a move aimed at building a fully domestic supply chain for critical minerals.
Under the deal, ReElement will provide magnet-grade high-purity heavy and light rare earth oxides, including neodymium, neodymium-praseodymium, and dysprosium, to support Vulcan’s magnet production.
Ocean Power Technologies Inc (NYSE-A:OPTT) announced that it has introduced an upgraded version of its Merrows Maritime Domain Awareness Solution (MDAS), enhancing the system’s role as an intelligence, surveillance, and reconnaissance (ISR) node.
The company said the update improves the system’s performance, stability, and security, while enabling autonomous collaboration across surface, subsurface, and aerial platforms.
374Water Inc (NASDAQ:SCWO) said it has successfully removed toxic PFAS chemicals from landfill wastewater using its AirSCWO treatment system.
The company said the results showed PFAS levels in treated effluent were non-detectable, which highlights the system’s ability to neutralize one of the most problematic waste streams facing landfill operators.
Canagold Resources Ltd (TSX:CCM, OTCQB:CRCUF) has closed a C$4 million financing through a mix of flow-through and common share issuances to advance its New Polaris gold project in British Columbia.
The company sold 4.65 million charity flow-through shares at C$0.43 each for gross proceeds of C$2 million, alongside 5.13 million common shares priced at C$0.39, also raising C$2 million. A total of 9.78 million shares were issued under the private placement.
Buccaneer Energy Plc (AIM:BUCE) has raised £600,000 through a placing and subscription, with proceeds set to support development and commercialisation efforts in East Texas.
The funds will be used to support the company’s 32.5% working interest in
Defence Holdings PLC (LSE:ALRT) rose 10% on Tuesday after the company announced a strategic partnership with Whitespace Global to develop artificial intelligence systems for defence and national security.
The collaboration will build software on Whitespace’s Collective OS platform, which is already in use within classified UK defence environments, including a naval vessel.
Shares in Tribal Group PLC (AIM:TRB) rose 22% on Tuesday after the education software provider said it expected full-year results to come in ahead of forecasts, supported by new contracts and stronger recurring revenues.
The company reported that since the end of June it had secured an additional £4 million of business, including major student information system deals with London South Bank University and Durham University.
Power Metal Resources (LSE:POW) shares strengthened in Tuesday's trade, rising around 12.5%, after confirming a £13.58 million cash divestment.
The company has now sold its remaining stake (some 24.69 million shares) in Guardian Metal Resources (LSE:GMET), owner of tungsten projects in Nevada, receiving a price equivalent to 55p per share.
Seascape Energy Asia (LSE:SEA) started Tuesday on the front foot after giving details from its new Competent Person’s Report pertaining to the Temaris Cluster and DEWA Complex Cluster assets, offshore Malaysia.
The report, prepared by Sproule-ERCE, estimated net 2C Contingent Resources were confirmed at 276 billion cubic feet (bcf) for Temaris, up from 250 bcf, and also identified 683 bcf of mean Prospective Resources across nearby prospects like Allamanda and Keladi.
Applied Nutrition PLC started Tuesday's trading strongly, after reporting a 24% jump in revenue to £107 million for the year ended 31 July, helped by a second-half performance that's driving bullish expectations.
"We are proud to report that we have exceeded the guidance we gave at our IPO, with our first full-year results expected to come in ahead of market expectations," chief executive Thomas Ryder said in a trading update.
Defence Holdings PLC (LSE:ALRT), the UK’s first listed software-led defence company, has formed a partnership with Whitespace Global to develop artificial intelligence systems for national security applications.
The agreement will see the two groups co-develop defence-focused software on Whitespace’s Collective OS platform, which is already deployed in classified environments, including a UK naval vessel.
Georgina Energy PLC (LSE:GEX) has updated on its Mt Winter project, in Australia's Northern Territory, where the company expects a first draft Aboriginal Land Rights Act (ALRA) agreement shortly.
The Central Land Council (CLC) has identified no major impediments, the company said in a statement.
Percheron Therapeutics Ltd (ASX:PER, OTC:PERCF) could be set for a re-rating as it advances its newly in-licensed immuno-oncology candidate, HMBD-002, according to a new report from Pitt Street Research.
Analysts Stuart Roberts and Nick Sundich argue that Percheron, currently trading close to its cash backing, has substantial upside potential as it prepares to move HMBD-002 into Phase 2 clinical development.