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The Markets
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The Markets
by Proactive
Proactive UK has moved.
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Archive

Small cap wrap: Nevis Brands, Sonoro Gold, NanoViricides, Medicus Pharma…

Ora Banda Mining Ltd (ASX:OBM, OTC:ESGFF) has reported continued exploration success across its high-grade Little Gem prospect and the broader Riverina Gold Camp.

At Little Gem, Phase 3 drilling has significantly expanded the extent of gold mineralisation, which now extends for around 1,200 metres along strike and reaches 700 metres below surface. Importantly, mineralisation remains open in all directions, highlighting the strong potential for further resource growth.

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Nevis Brands (CSE:NEVI, OTCQB:NEVIF) reported third-quarter revenue growth of 16% from the previous quarter, driven by expanding sales in licensed markets and early success with its hemp-derived THC product line.

Revenue for the quarter ended August 31 rose to C$478,808 from C$418,745 in the prior quarter, while gross profit edged down to C$302,156 from C$315,345.

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Sonoro Gold Corp (TSX-V:SGO, OTCQB:SMOFF) reported that it has closed its previously announced oversubscribed, non-brokered private placement of 20.5 million company units, priced at C$0.20 per unit, raising gross proceeds of C$4.1 million.

The exploration and development company said net proceeds from the offering will be used primarily to fund ongoing development of its flagship Cerro Caliche gold project in Mexico.

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NanoViricides (NYSE-A:NNVC) said on Wednesday its experimental drug NV-387 showed strong activity against the measles virus in both cell culture studies and a humanized animal model.

The company said NV-387 treatment led to a 130% increase in survival time to 17 days from 7.4 days in mice infected with a lethal strain of the measles virus.

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Medicus Pharma (NASDAQ:MDCX) announced that the first patient has been treated in the United Arab Emirates (UAE) as part of its SKNJCT-004 Phase 2 clinical study evaluating a non-invasive treatment for basal cell carcinoma (BCC) of the skin.

The 36-participant study is being conducted across six sites in the UAE, with Cleveland Clinic Abu Dhabi (CCAD) serving as the principal investigator.

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Phunware Inc (NASDAQ:PHUN) has appointed interim CEO Jeremy Krol to its board of directors, effective immediately.

Krol, who has been serving as interim CEO since July 2025, will continue in that role while joining the board, the enterprise cloud platform company said in a statement.

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Digi Power X Inc (NASDAQ:DGXX, TSX-V:DGX) announced the appointment of Ajay Gupta to the company’s board of directors, effective October 21, 2025.

The energy infrastructure company said Gupta is a seasoned wealth management executive, investor and family office principal, who is currently serving as principal of Robbins Gupta Holdings, the exclusive family office for Tony Robbins and the Gupta family.

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Argentina Lithium & Energy Corp (TSX-V:LIT, OTCQX:LILIF) announced the results of the first mineral resource estimate for the Rincon West lithium brine project in Argentina.

The lithium projects developer said the estimate showed a Measured & Indicated resource containing 0.15 km3 brine volume with an average grade of 296 milligrams (mg)/lithium, representing 238,000 tonnes Lithium Carbonate Equivalent (LCE), as well as an Inferred resource of 0.08 km3 brine volume with an average grade of 216 mg/lithium, representing 64,000 tonnes LCE.

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Charbone Hydrogen Corporation (TSX-V:CH, OTCQB:CHHYF) announced that it has received all major components of its production equipment at its Sorel-Tracy site in Quebec, with the delivery completed safely and without incident.

The company said the arrival of the equipment represents a key milestone in the development of the green hydrogen project.

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Greatland Resources Ltd (AIM:GGP, OTC:GRLGF, ASX:GGP), in its September quarter drilling update, told investors it had drilled 53,543 metres during the three months across its Telfer gold-copper operation in Western Australia.

The work included 711 holes across the West Dome Open Pit, West Dome Underground and Main Dome Underground areas.

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Polarean Imaging PLC (AIM:POLX, OTC:PLLWF) has begun a strategic review to assess its future direction and capital structure, which may potentially lead to its exit from AIM.

The company cited continued undervaluation and low trading volumes in the UK small-cap market as factors behind the review.

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Ora Banda Mining Ltd (ASX:OBM, OTC:ESGFF) has delivered a record September quarter, with gold production, sales, and cash flow all rising sharply as its second underground mine at Sand King ramped up to full scale.

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Lumos Diagnostics Holdings Ltd (ASX:LDX, OTC:LDXHF) has started its FebriDx® CLIA-waived pediatric study in the United States, with the enrolment of the first patient. The study is being conducted in partnership with the US Department of Health and Human Services’ Biomedical Advanced Research and Development Authority (BARDA), part of the Administration for Strategic Preparedness and Response (ASPR).

The trial will evaluate the use of the FebriDx® rapid point-of-care diagnostic test in children aged 2 to 12 years, aiming to determine its effectiveness in distinguishing between bacterial and non-bacterial acute respiratory infections in a CLIA-waived setting.

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Resolution Minerals Ltd (ASX:RML, OTC:RLMLF) is fast-tracking its downstream critical minerals strategy in the US, launching detailed metallurgical test work on high-grade antimony samples from its Horse Heaven gold-antimony-silver-tungsten project in Idaho and appointing Tribeca Capital as corporate adviser to strengthen its North American expansion plans.

The company has engaged Kingston Process Metallurgy (KPM), a Canadian process-development specialist, to conduct analytical, mineralogical and bench-scale concentration test work on high-grade material collected from the project’s Antimony Ridge prospect. Recent sampling from historical trenches returned exceptional grades of up to 49.8% antimony, 1,420 g/t silver and 3.12 g/t gold.

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Titan Minerals Ltd (ASX:TTM, OTC:TTTNF) has reported another round of strong drill results from its 100%-owned Dynasty Gold Project in southern Ecuador, with wide, high-grade gold-silver intercepts from multiple zones at the Cerro Verde prospect confirming significant potential to grow resources in the company’s next mineral resource estimate (MRE).

The results come as Titan advances an 8,000-metre resource-definition drilling program designed to expand the existing 3.1-million-ounce (Moz) gold and 22Moz silver resource base. The company expects to release the updated MRE in early Q1 2026.

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American Uranium Ltd (ASX:AMU, OTC:GTRIF) has kicked off resource development drilling at its flagship Lo Herma in-situ recovery (ISR) Uranium Project in Wyoming’s Powder River Basin, targeting growth and upgrades to its existing 8.57-million-pound (Mlb) uranium resource.

The company said Phase 1 drilling — the first part of a two-phase campaign — is now under way and will focus on expanding the current resource base ahead of an interim mineral resource estimate (MRE) update expected in early 2026.

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