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The Markets
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The Markets
by Proactive
Proactive UK has moved.
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Small cap wrap: Gunnison Copper, Nextsource Materials, Alvopetro Energy, HIVE Digital Technologies…

Elixir Energy Ltd (ASX:EXR, OTC:ELXPF) has drilled the Lorelle-3 appraisal well to the planned intermediate section depth of 2,320 metres measured depth below rotary table (MDRT) in ATP2056 in Queensland’s Taroom Trough and has started running casing.

The company has already drilled the 17-1/2” top hole, then set and cemented 13-3/8” casing at 682 m MDRT. After installing and testing well control equipment, Elixir drilled ahead in the 12-1/4” intermediate hole section to 2,320 m MDRT.

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Provaris Energy Ltd (ASX:PV1, OTC:GBBLF, FRA:WS90) has completed and delivered Phase 1 milestones for its large-scale liquid CO₂ (LCO₂) tank front-end engineering and design (FEED) program with partner Yinson Production, finishing on time and within budget in January 2026.

The work is part of a joint development agreement (JDA)-funded FEED program targeting completion in June 2026 and covering detailed engineering, material and weld testing, integration with Yinson’s Floating Storage Injection Unit (FSIU) concept and an ongoing classification approval process with DNV.

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Elf Beauty Inc (NYSE:ELF) shares fell more than 5% on Thursday after the company reported third quarter fiscal 2026 results and raised its full-year guidance, with the increase seen as modest relative to analyst expectations.

For the three months ended December 31, 2025, Elf Beauty posted net sales of $489.5 million, surpassing Wall Street’s consensus estimate of roughly $460 million.

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VivoPower International PLC (NASDAQ:VVPR, FRA:51J) said it has completed a definitive agreement with South Korea’s KWeather Co that will allow the company to exit its digital asset holdings and refocus on its data center infrastructure business.

Under the agreement, KWeather, a KOSDAQ-listed company, will acquire the economic rights to a portion of VivoPower’s holdings in Ripple Labs shares, while VivoPower will receive a 20% equity stake in KWeather valued at about $4.3 million.

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Standard Uranium Ltd (TSX-V:STND, OTCQB:STTDF, FRA:9SU0) announced that it has begun mobilization for its first diamond drilling program at the Corvo uranium project in the eastern Athabasca Basin, with drilling scheduled to start in the coming days.

The winter 2026 program will focus on the Manhattan Showing, an area with surface uranium mineralization where grab samples have returned grades of up to 8.1% U3O8 along a northeast–southwest trending electromagnetic corridor that coincides with low-density geophysical anomalies.

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NextSource Materials Inc. (TSX:NEXT, OTCQB:NSRCF) said on Thursday it has signed a non-binding letter of intent with a major Japanese anode material producer to negotiate long-term supply agreements for electric vehicle battery materials.

The Canadian company said the proposed agreements would cover the supply of anode active materials starting in 2027 from its planned Battery Anode Facility in Abu Dhabi, UAE.

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Gunnison Copper Corp (TSX:GCU, OTCQB:GCUMF, FRA:3XS0) announced that Greenstone Resources and its affiliates have entered into an agreement with Paradigm Capital to facilitate the distribution of up to 143.2 million Gunnison common shares currently held by the Greenstone Group.

Under the agreement, Paradigm has been appointed to act as agent on a commercially reasonable “best efforts” basis in connection with an offering of the shares to institutional investors.

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Alvopetro Energy Ltd (TSX-V:ALV, OTC:ALVOF, FRA:A6Y0) said its January sales volumes rose 8% from the fourth-quarter average to a record high, supported by stronger output in Brazil and higher oil sales in Canada.

The Canada-based energy producer reported January sales of 3,099 barrels of oil equivalent per day (boepd), up from an average of 2,867 boepd in the fourth quarter of 2025, based on field estimates.

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HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE, FRA:YO0, BVC:HIVECO) reported January 2026 Bitcoin production of 297 BTC, up 191% from 102 BTC a year earlier, as network difficulty increased 30% year over year.

The company said it averaged 9.6 BTC per day during the month.

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IXICO PLC has announced the appointment of Tanya Voloshen as its chief commercial officer, in a newly created role, as the firm seeks to accelerate business development activity and broaden its US footprint.

The AIM-listed neuroscience imaging and biomarker analytics group said Voloshen will be based in Boston, Massachusetts.

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Futura Medical PLC (AIM:FUM, OTC:FAMDF, FRA:GYX) has secured a US notice of allowance for a continuation patent covering its erectile dysfunction treatment Eroxon and an in-development women’s sexual health product, extending protection until 2040.

The consumer healthcare group, listed on London’s Alternative Investment Market, said the patent includes formulation claims that also apply to the Eroxon Intense formulation and its investigational product WSD4000.

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American Uranium Ltd (ASX:AMU, OTC:AMUIF) mobilised a mud rotary drill rig to the Lo Herma ISR uranium project in Wyoming’s Powder River Basin, with drilling due to restart in the week starting February 9, 2026, ahead of an interim Mineral Resource update targeted for March 31, 2026.

The program is aimed at expanding and upgrading Lo Herma’s current 8.57Mlb uranium resource, with the next round focused on step-out drilling north of Mine Unit 2. American Uranium expects to drill up to 15 additional holes for around 6,900 metres (about 22,500ft) as it continues resource development work following a successful 2025 campaign.

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European Lithium Ltd (ASX:EUR, OTCQB:EULIF) has added another A$45 million to its cash reserves following the sale of a further parcel of shares in Critical Metals Corp. (NASDAQ:CRML), underpinning a significantly strengthened cash position.

The company advised the ASX that it has sold 2.5 million ordinary CRML shares, with the transaction expected to lift its cash reserves to around A$356 million. European Lithium retains a substantial strategic stake in Critical Metals, holding 45,536,338 ordinary shares following the sale.

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Titan Minerals Ltd (ASX:TTM, OTC:TTTNF) has delivered a strong set of final resource drilling results from its 100%-owned Dynasty Gold Project in southern Ecuador, confirming continuity of gold-silver mineralisation well below current resource limits at the Cerro Verde prospect.

The latest diamond drilling at the Brecha-Comanche target has more than doubled the depth extent of mineralisation, while also providing infill data expected to lift confidence levels in the upcoming Mineral Resource Estimate (MRE), which remains on track for late Q1 2026.

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