Novo Resources Corp (TSX:NVO, OTCQX:NSRPF, ASX:NVO, FRA:1NOR) has launched a proposed placement to raise up to approximately C$5,800,000 (roughly A$6,000,000). The raise is being offered to institutional, professional and sophisticated investors, with the company currently in a trading halt on ASX pending announcement of results — expected before the market opens on February 26, 2026.
The placement comprises up to 59,100,000 units and/or Chess Depository Interests (CDIs), with pricing structured across two markets:
Riversgold Ltd (ASX:RGL, FRA:RGV, OTC:RVSGF) has wasted no time in 2026, completing 31 new shallow drill holes totalling 2,013 metres at the Northern Zone of its Kalgoorlie Gold Project — located just 25 kilometres east of one of the world's most celebrated gold mining hubs. The program targeted a largely untested corridor between the central and eastern mineralisation zones, with 1,475 samples now submitted for assay. Results are expected to flow in batches over the coming weeks.
The Northern Zone is hosted within a Tonalite-Trondhjemite Intrusion (TTI) — a porphyry unit characterised by high background gold and horizontal mineralised units — sitting within the Canon Shear fault zone. The dry conditions to 60 metres depth make it particularly amenable to the company's existing drilling techniques.
Lindian Resources Ltd (ASX:LIN, OTC:LINIF) has appointed Cliff Webster as technical manager for its Kangankunde Rare Earths Project in Malawi, bolstering the team driving the operation toward first production as Stage 1 construction moves into its final stretch.
Webster steps into the role at a pivotal moment, with commissioning on the horizon and Stage 2 expansion studies running in parallel. He will provide technical leadership across commissioning, operational readiness and performance reliability to underpin a disciplined start-up and ramp-up. Webster will also ensure Stage 2 technical inputs remain aligned with Lindian's objective of delivering 100,000 tonnes per annum of additional concentrate production under its expansion pathway.
AuMEGA Metals Ltd (ASX:AAM, TSX:AUM, OTCQB:AUMMF, FRA:FRA: MA30) has closed the books on its oversubscribed C$30.1 million capital raise, turning away late investors as it moves swiftly to deploy funds across an expanded drilling campaign at its Cape Ray Gold Project in Newfoundland, Canada.
The raise was anchored by US-based Condire Investors LLC and attracted strong institutional appetite, with the company electing not to take on additional commitments despite continued inbound interest. AuMEGA is now pressing ahead with a structured two-tranche placement to get cash in the door quickly while managing its ASX listing rule obligations.
NextSource Materials Inc. (TSX:NEXT, OTCQB:NSRCF) announced that it has completed a brokered private placement under a listed issuer financing exemption (LIFE) for gross proceeds of approximately C$25 million.
The company issued approximately 58.8 million units at C$0.425 per unit.
374Water Inc (NASDAQ:SCWO, FRA:8LL) has announced a series of leadership changes to its executive team and board of directors as the company seeks to accelerate the commercialization of its supercritical water oxidation technology.
The Morrisville, North Carolina-based cleantech company said the moves are intended to enhance operating pace, advance key milestones and position the business for scalable commercial deployment beginning in 2026.
Millennial Potash Corp (TSX-V:MLP, OTCQB:MLPNF, FRA:XOD) announced that it has been granted the Haute Banio exploration permit in southern Gabon, expanding the land position for its Banio Potash Project by about 20%.
The Haute Banio permit covers approximately 261.39 square kilometres and is contiguous with the company’s core Mayumba exploration permit. It fills the area between Mayumba and the Atlantic Ocean to the north and extends southward to the border with the Republic of Congo. A portion of the permit includes marine coastline areas.
Ocean Power Technologies Inc (NYSE-A:OPTT) announced it has received an approximately $1.5 million purchase order from the United States Coast Guard (USCG) for the installation and deployment of buoy systems that were previously ordered.
According to the company, the award completes the acquisition cycle and supports the near-term fielding of the systems for Department of Homeland Security (DHS) maritime security missions. OPT said it expects the order to contribute to near-term revenue as installation and deployment activities begin.
Argentina Lithium & Energy Corp (TSX-V:LIT, OTCQX:LILIF) said it has amended the terms of its previously announced “best efforts” marketed offering under the listed issuer financing exemption (LIFE), with plans to raise up to C$4.3 million in gross proceeds.
The Vancouver-based company has entered into an agreement with Red Cloud Securities Inc., which is acting as sole agent and bookrunner for the offering.
EDM Resources Inc (TSX-V:EDM, OTC:SWNLF) announced that it has commenced a focused gold exploration program at its Scotia Mine property in Nova Scotia, as the company evaluates the potential for gold mineralization within its broader land package.
The program builds on high-grade gold assays previously reported from concentrate sampling in September 2025. At that time, lead concentrate composite assays returned values of up to 142 grams per tonne (g/t) gold, with repeat assays of 157 g/t and 95.5 g/t gold. Zinc concentrate composite assays returned 2.93 g/t gold, with repeat assays of 3.64 g/t and 1.46 g/t gold.
essensys PLC (AIM:ESYS, FRA:3L8) shares were down around 10% on Tuesday, after it agreed a recommended 17p-a-share cash offer that would take the AIM-listed flexible workspace software group private, valuing its equity at about £11.3 million.
The bid is being made by essensys Bidco, a newly incorporated company controlled by founder and former chief executive Mark Furness and backed by a concert party of long-standing investors.
Stellar Resources Ltd (ASX:SRZ, OTC:SLROF) has increased the Mineral Resource Estimate at its Queen Hill deposit by 41%, pushing the total resource base at its Heemskirk Tin Project in western Tasmania beyond 100,000 tonnes of contained tin.
The updated Queen Hill MRE, reported at a 0.4% tin cut-off, now stands at 4.11 million tonnes at 0.85% Sn for 34,900 tonnes of contained tin. Indicated resources rose 46% to 2.26Mt at 0.94% Sn for 21,190 tonnes of tin, reflecting improved confidence from recent drilling and revised modelling.
Orthocell Ltd (ASX:OCC, OTC:ORHHF) has delivered record half-year revenue and gross profit, as its flagship nerve repair product Remplir™ gathers momentum in the United States and the company accelerates its international expansion.
For the six months to December 31, 2025, the regenerative medicine group reported revenue of $6.2 million, up 48% on the prior corresponding period. The result included two consecutive record quarters, with $3.0 million in 1Q FY26 and $3.2 million in 2Q FY26, and reflects a compound half-year growth rate of 21% since 2H FY24.
West Coast Silver Ltd (ASX:WCE, OTC:ERWWF, FRA:8N70) has expanded shallow silver mineralisation at its Elizabeth Hill project near Karratha in WA’s Pilbara, with scout aircore drilling extending mineralisation north and south of the historic mine workings.
The December 2025 program comprised 76 aircore holes for 1,060 metres and confirmed silver up to 150 metres along strike at Elizabeth Hill North. Standout results included 3 metres at 787 g/t silver from 1 metre, including 1 metre at 2,340 g/t, and 24 metres at 28 g/t from 2 metres.