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The Markets
by Proactive
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Small cap wrap: Arizona Gold & Silver, Fineqia, Tiziana Life Sciences...

Lithium Americas Corp (TSX:LAC, NYSE:LAC) shares powered 97% higher to C$8.26 in late afternoon trading on Wednesday after the Trump administration is seeking an ownership interest in the mining company, which is based in Canada, Bloomberg reported.

Lithium Americas is in negotiations with the US Energy Department and General Motors (GM) over the terms of its US$2.26 billion government loan for a lithium mining project in Nevada.

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Arizona Gold & Silver Inc (TSX-V:AZS, OTCQB:AZASF) announced its plan to advance the Silverton gold-antimony project in Nevada.

The precious metals-focused exploration company said it has submitted a Notice of Intent (NOI) to the US Bureau of land Management to drill 27 reverse circulation drill holes from 17 drill pads and build an associated access road.

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T Stamp Inc (NASDAQ:IDAI, EURONEXT:AIID), doing business as Trust Stamp, saw its shares climb more than 42% to $4.27 in early trading on Wednesday after the company announced the publication of a Partnership Brief by Intel Corporation focused on its “Protect” artificial intelligence (AI)-powered identity platform.

Trust Stamp said the platform utilizes quantized AI-models optimized using Intel’s OpenVino, reducing model size and latency and allowing deployment on resource-constrained environments.

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Medicus Pharma (NASDAQ:MDCX) announced that Stonegate Capital Partners has initiated coverage on the company.

Stonegate analysts wrote that with the closing of its $8 million debenture financing, Medicus has cash of $9.7 million as of the second quarter of 2025, which extends the company’s runway into 2026.

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Union Jack Oil PLC (AIM:UJO, OTCQB:UJOGF) told investors that oil was recovered during 'swabbing' at its 60%-owned Sark well in central Oklahoma, USA.

The well was drilled to a total depth of 5,391 feet, and it cut the Prue interval between 4,586 and 4,600 feet. This zone was confirmed as hydrocarbon-bearing and was subsequently perforated.

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Fineqia International Inc (CSE:FNQ, OTC:FNQQF) announced that it has invested in LSE-listed Satsuma Technology PLC, formerly known as Tao Alpha Plc.

Fineqia said its investment in Satsuma is in line with its strategy of building a portfolio of companies involved with decentralization technologies, Web 3.0, and artificial intelligence (AI).

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Tiziana Life Sciences Ltd (NASDAQ:TLSA) is set to highlight the design of its mid-stage trial for an experimental multiple sclerosis treatment at a leading international neurology conference this week.

The biotechnology company said it will present a poster at the 41st Congress of the European Committee for Treatment and Research of Multiple Sclerosis, or ECTRIMS, being held Sept. 24-26 in Barcelona.

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NEXE Innovations Inc (TSX-V:NEXE, OTC:NEXNF), a Canadian maker of compostable packaging, is adding new flavours to its coffee pod lineup as it pushes deeper into the US and Canadian markets.

The company said Wednesday it has launched a pumpkin-flavoured pod through a partnership with a North American distributor that specialises in office coffee services and retail sales. Six pallets of the seasonal product have already been shipped to customers.

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Standard Uranium Ltd (TSX-V:STND, OTCQB:STTDF) reported that it has closed a second tranche of its previously-announced, non-brokered private placement for gross proceeds of C$484,000.

The company issued 1.55 million non-flow-through (NFT) units in the second tranche, for $0.08 per NFT unit, for gross proceeds of C$124,000, and 3.6 million flow-through (FT) units, for $0.10 per FT unit, for gross proceeds of C$360,000.

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Nextech3D.AI (CSE:NTAR, OTCQX:NEXCF) provided more details about its previously announced blockchain ticketing roadmap.

The AI-powered event management company said it will first launch a custodial- no-crypto-wallet-needed- ticketing solution in the fourth quarter of 2025, followed by a Phase 2 native/self-custody wallet option targeted for early 2026.

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Gunnison Copper Corp (TSX:GCU, OTCQB:GCUMF) has signed a letter of intent with US-based defence and mineral sensing start-up Lunasonde to pilot the company’s aerial subsurface imaging technology across its copper-rich land in southeastern Arizona.

The partnership will give Lunasonde access to Gunnison’s extensive land package in the Cochise Mining District, a region thought to contain copper, rare earth elements, and other critical minerals, much of it hidden beneath deep layers of gravel and sediment.

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First Phosphate Corp. (CSE:PHOS, OTCQX:FRSPF) has closed the final tranche of an oversubscribed private placement, raising a total of $11.5 million to advance its phosphate mining plans in Quebec.

The Saguenay-based company said the non-brokered offering was completed in four tranches, with the latest closing on September 19.

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Zacatecas Silver Corp. (TSX-V:ZAC, OTC:ZCTSF) has raised just over C$2.3 million in the first tranche of a private placement that will help fund exploration at its silver and gold assets in Mexico.

The Vancouver-based miner said it issued 38.4 million new units at 6 cents apiece, each consisting of one share and a warrant giving investors the right to buy more shares at 10 cents over the next two years.

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Empire Metals Ltd (AIM:EEE, OTCQX:EPMLF) told investors it is now being included in the FTSE AIM 100 index, effective 22 September, after the latest review by FTSE Russell.

Managing director Shaun Bunn described it as "a solid milestone" which shows the momentum built by the company in recent years.

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Tertiary Minerals PLC (AIM:TYM, OTC:TTIRF) reported further drilling results from its Mushima North project in Zambia.

It sees the further extension of the project's A1 silver target, where the footprint now spans at least 350x300 metres, with the mineralisation described as open to the north and south.

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Seeing Machines Ltd (AIM:SEE, OTC:SEEMF) told investors that it has signed its first Guardian Generation 3 contract through Mitsubishi Electric Automotive America (MEAA).

The agreement is with Savannah Transport, a family-owned fleet operator in the United States, and was completed faster than its typical sales cycle, boosted by the Mitsubishi referral.

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Ionic Rare Earths Ltd (ASX:IXR, OTC:IXRRF) has opened its pro-rata renounceable entitlement offer, giving eligible shareholders the chance to participate in its recently announced capital raising.

The offer, detailed in a prospectus lodged on September 12, allows shareholders registered on September 19 to subscribe for one new share at 1.6 cents for every 15 shares held. Each new share will also come with a free-attaching option, exercisable at 2.5 cents before September 30, 2028.

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Lindian Resources Ltd (ASX:LIN, OTC:LINIF) has appointed engineering consultancy DRA Pacific to complete the Phase 2 Expansion Study for its flagship Kangankunde Rare Earths Project in Malawi, marking another key step in advancing one of the world’s largest undeveloped rare earths deposits.

The Phase 2 study will provide strategic direction for the next stage of development at Kangankunde, building on Stage 1 where construction is already under way following a final investment decision earlier this year.

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Race Oncology Ltd (ASX:RAC, OTC:RAONF) has received Investigational New Drug (IND) approval from the Republic of Korea’s Ministry of Food and Drug Safety (MFDS) to begin a Phase 1 clinical trial of RC220, its novel formulation of (E,E)-bisantrene.

The green light follows an extensive review of Race’s data package covering chemistry, manufacturing and controls (CMC), nonclinical toxicology and pharmacology, and the proposed clinical protocol.

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