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The Markets
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The Markets
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Proactive UK has moved.
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Small cap wrap: Aftermath Silver, M2i Global, NanoViricides, AtaiBeckley…

Asara Resources Ltd (ASX:AS1, OTC:GMRMF) has extended high-grade gold mineralisation at its Massan deposit within the company’s flagship Kada Gold Project in Guinea, returning 54 metres at 2.3 g/t gold from 42 metres in a step-out hole targeting a northeast-trending structural corridor.

The standout intercept from drillhole MSRC26-013 forms part of the company’s Phase 2 Inferred Extension programme and confirms the continuation of the NE–SW trending D2 structure where it intersects the primary north–south D1 trend — an area that has seen limited effective drill testing to date.

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Candel Therapeutics Inc (NASDAQ:CADL) on Thursday announced two financing initiatives to support the potential US launch of its cancer therapy aglatimagene besadenovec (CAN-2409) for intermediate- to high-risk localized prostate cancer: a $100 million royalty funding agreement with RTW Investments and a proposed $100 million public offering of common stock.

The royalty funding agreement provides Candel with non-dilutive financing to strengthen its balance sheet for a potential commercial launch of aglatimagene in the United States, subject to US Food and Drug Administration (FDA) approval.

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Ganfeng Lithium has completed the first shipment of lithium chloride from its Mariana project in Argentina, a milestone that has welcomed by royalty-holder TNR Gold Corp (TSX-V:TNR, FRA:TNW, OTC:TRRXF).

TNR Gold holds a 1.5% net smelter return (NSR) royalty on the Mariana project, which includes 0.15% held on behalf of a shareholder.

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M2i Global Inc (OTC:MTWO) announced that it and Volato Group (NYSE:SOAR) have entered a Strategic Collaboration Agreement with SMX (NASDAQ:SMX), a company focused on supply chain traceability and integrity solutions.

The agreement establishes a structured collaboration to support a pilot initiative focused on physical and digital shipment-assurance technologies, as well as digital traceability, custody, and commercialization workflows through M2i’s CAINO digital backbone and Metals Marketplace.

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Aftermath Silver Ltd (TSX-V:AAG, OTCQX:AAGFF, FRA:FLM1) has appointed DRA Global Limited to lead the preliminary feasibility study (PFS) for its Berenguela silver-copper-manganese project in southern Peru, marking a step forward in the project’s development.

The Vancouver-based company said the selection of DRA followed a comprehensive evaluation process involving several international engineering firms. Criteria included technical capability, regional experience, metallurgical expertise, project delivery track record and alignment with Aftermath’s development strategy.

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NanoViricides has provided an update on the development of its investigational antiviral NV-387, alongside the filing of its quarterly report for the fiscal quarter ending December 31, 2025.

NanoViricides said it is preparing to advance NV-387 into a Phase II clinical trial for Monkeypox (MPox) in the Democratic Republic of Congo. The trial has received regulatory approval from ACOREP, subject to completion of certain requirements, most of which have been met. NanoViricides is now finalizing clinical site readiness and related documentation.

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AtaiBeckley NV (NASDAQ:ATAI, XETRA:9VC) announced that it has appointed Michael Faerm as chief financial officer, effective March 9, 2026, as the clinical-stage biotechnology company continues to advance its mental health treatment pipeline.

According to the company, Faerm brings more than 25 years of experience spanning life sciences firms, equity research and investment banking. In the role, he will oversee the company’s financial strategy, capital markets activities and overall financial operations.

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Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL, VFEX:CMCL) has released a highlights video from its Zimbabwe Mining Forum, after the company hosted around 150 mining executives, investors and officials for a Cape Town breakfast focused on the country’s mining sector.

Chief executive Mark Learmonth said the session enabled “a substantive dialogue between government and industry,” adding that the message from Zimbabwe’s senior officials was clear: “the country is open for business.”

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As copper trades near multi-year highs and major miners scramble to secure long-life supply across the Andes, Solis Minerals Ltd (TSX-V:SLMN, ASX:SLM, OTCQB:SLMFF, FRA:08WA) is preparing to test two porphyry copper systems in Peru in what shapes as a defining first half of 2026.

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