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The Markets
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The Markets
by Proactive
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Small cap wrap: Highland Critical Minerals, Charbone Hydrogen, Millennial Potash...

Riversgold Ltd (ASX:RGL, OTC:RVSGF) has extended shallow gold mineralisation at the Northern Zone Intrusive Hosted Gold Project near Kalgoorlie, reporting assays from a further six drillholes that confirm and expand the mineralised footprint within the Kalgoorlie Gold Project, 25km east of Kalgoorlie in Western Australia.

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Lindian Resources Ltd (ASX:LIN, OTC:LINIF) has secured an underwriting agreement with Petra Capital Pty Limited for the remaining listed options, ensuring up to A$5 million in potential gross proceeds from the approximately 17.8 million unexercised options (A$0.30 exercise price) due to expire on December 9, 2025.

The underwriting provides an avenue for supportive institutional investors to increase their holdings in the company at what Lindian describes as an important stage of its development and is seen by the board as an endorsement of market support for the company and its assets.

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GameStop Corp (NYSE:GME) shares fell 5.4% afterhours as its third quarter sales fell short of Wall Street expectations.

The company reported net sales of $821 million for the period, down from $860.3 million in the third quarter of 2024 and below the FactSet consensus of $987.3 million.

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Challenger Energy Group PLC's (AIM:CEG, OTCQB:BSHPF) takeover by Canada-listed Sintana Energy Inc (TSX-V:SEI, OTCQB:SEUSF) has taken another step towards completion after regulators cleared several of the final conditions attached to the deal.

The two companies agreed the all-share offer in October, with the transaction to be carried out through a court-sanctioned scheme of arrangement in the Isle of Man. Challenger shareholders backed the scheme at meetings held on 26 November.

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Highland Critical Minerals Corp (CSE:HLND) and Highland Red Lake Gold have announced the completion of a previously announced Plan of Arrangement, under which Highland distributed a portion of its holdings in Highland Red Lake to its securityholders.

Under the arrangement, each holder of Highland’s pre-arrangement common shares received 0.5 Highland Red Lake Share and 0.5 Highland Red Lake Warrant for each share held.

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Millennial Potash Corp (TSX-V:MLP, OTCQB:MLPNF) announced that it has begun work on its Environmental and Social Impact Assessment (ESIA) for the Banio Potash Project in Gabon.

The company said on Tuesday it has hired a consortium led by Artelia, Société par Actions Simplifée, with Biotope Afrique Centrale and Insuco Gabon participating.

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Nextech3D.AI (CSE:NTAR, OTCQX:NEXCF) announced that it has signed a definitive agreement to acquire Krafty Labs, an AI-based virtual and in-person event engagement platform with a global enterprise customer base.

The agreement was executed on December 4 and the companies have entered a formal due diligence and integration period, Nextech3D.ai said on Tuesday.

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Panmure Liberum said Scancell Holdings PLC's (AIM:SCLP, OTC:SCNLF) latest clinical update has strengthened the case for its cancer vaccine programme, arguing that “significant value is building” as the company moves toward a pivotal phase III trial.

The broker reiterated its buy rating and 32p target price following new readouts from the phase II SCOPE study and encouraging feedback from regulators, including the US Food and Drug Administration.

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Charbone Hydrogen Corporation (TSX-V:CH, OTCQB:CHHYF) said on Tuesday it has appointed industry veteran Jean Watelle to help lead clean ultra-high-purity hydrogen production as the company prepares for first deliveries from its flagship Sorel-Tracy project in Quebec.

Watelle, an engineer with more than 25 years of experience in technical and manufacturing management, previously spent 11 years as Director of Hydrogen and Site Operations for Air Liquide Canada’s Large Industries – Eastern Region.

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IXICO PLC (LSE:IXI, OTC:PHYOF) shares climbed on Tuesday after Cavendish said the neuroscience imaging specialist had delivered a “pivotal year”, prompting the broker to lift its target price to 26p from 24p. The shares were up 11% at 11.96p.

Cavendish said the company’s full-year numbers marked a return to growth, with revenue rising 13% to £6.5 million and gross profit improving to £3.2 million, both ahead of expectations.

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IXICO PLC (LSE:IXI, OTC:PHYOF) shares jumped 4% to 11.13p after the company said it is entering 2026 with strong momentum, helped by a sharp rise in new contract wins.

The neuroscience imaging group has lifted its order book by 27% since the September year-end, taking it from £13.8 million to £17.7 million by the end of November.

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Allergy Therapeutics PLC (AIM:AGY, OTC:AGYTF) has cleared an important hurdle in the early testing of its experimental peanut allergy treatment, saying the highest planned dose in its PROTECT study has proved safe and well tolerated.

The phase I/IIa trial has now completed dosing of the minimum required number of participants at that top dose, meeting its primary safety endpoint.

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Scancell Holdings PLC (AIM:SCLP, OTC:SCNLF) has reported another encouraging set of mid-stage trial results for its melanoma vaccine candidate iSCIB1+, saying the treatment continues to show better outcomes than today’s standard therapies and is shaping up for late-stage testing next year.

Fresh data from the phase II SCOPE trial suggest the therapy, when combined with the immunotherapy drugs ipilimumab and nivolumab, produced a progression-free survival rate of 74% at 16 months in a genetically defined group of patients.

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IXICO PLC (LSE:IXI, OTC:PHYOF) has struck an optimistic tone for the year ahead after a surge in new business pushed its order book sharply higher in the weeks following its September year-end.

The London-listed neuroscience imaging specialist said the order book has grown 27% since the close of the 2025 financial year, rising from £13.8 million to £17.7 million by the end of November.

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Solis Minerals Ltd (ASX:SLM, TSX-V:SLMN, OTCQB:SLMFF) is set to begin drilling at the 100%-owned Cinto Copper Project in southern Peru after securing permits from the Ministry of Energy & Mines. Mobilisation of the diamond drill rig and drill pad preparation will commence during December, marking the start of the project’s maiden drill campaign.

The program is designed to test a series of coincident geochemical, geophysical and structural targets outlined through extensive groundwork completed over the past year. Drilling will initially focus on:

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