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The Markets
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Archive

Small cap wrap: AtaiBeckley, New Era Energy & Digital, Standard Uranium, Namibia Critical Metals…

Orthocell Ltd (ASX:OCC, OTC:ORHHF) has reported that its Remplir™ nerve repair device has been used in 23 surgical procedures on Ukrainian soldiers injured in combat, marking an important real-world application of the technology in frontline trauma care.

The update follows a humanitarian delivery of Remplir to Ukraine in April 2025, with the company now receiving confirmation that the device has been successfully deployed by local surgeons in both primary and secondary nerve repair procedures.

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Resolution Minerals Ltd (ASX:RML, OTCQB:RLMLF, FRA:NC3) is preparing to launch a major follow-up drilling campaign at its Horse Heaven gold-antimony-tungsten-silver project in Idaho, with the new program designed to build on the success of its 2025 work at Golden Gate and move the target closer to a maiden resource.

The company plans to begin a fully permitted Phase 2 diamond drilling program in early May 2026, comprising up to 45 holes for 13,700 metres at the Golden Gate fault zone. The campaign is a substantial step-up from the Phase 1 program completed in 2025, which totalled 3,780 metres across 14 holes.

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Titan Minerals Ltd (ASX:TTM, OTC:TTTNF) has delivered a substantial upgrade to the mineral resource at its 100%-owned Dynasty Gold Project in southern Ecuador, lifting contained gold by 25% to 3.9 million ounces (Moz) and silver by 19% to 26.1Moz

The updated mineral resource estimate (MRE) now stands at 65.6 million tonnes at 1.85 g/t gold and 12.38 g/t silver, reflecting the impact of an extensive drilling campaign completed over the past year.

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The S&P/ASX Small Ordinaries index (ASX: XSO) edged higher on the latest session, closing at 3,389.40, up 15.90 points or 0.47% for the day, although the index remains down 3.93% over the past five days, reflecting ongoing volatility across the small-cap space.

Against this mixed backdrop, several ASX-listed companies have reported resource upgrades, exploration progress and technology advancements, highlighting continued activity at the project level despite broader market weakness. You can read about the following and more throughout the day.

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Ocean Power Technologies Inc (NYSE-A:OPTT) reported strong backlog growth and strategic contract wins in its fiscal third quarter, highlighting momentum in its offshore autonomous systems business.

The New Jersey-based renewable energy and maritime technology company said its backlog reached $19.9 million as of January 31, up 165% from the prior year, while its pipeline expanded to $163.9 million, an 84% increase year-over-year.

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Candel Therapeutics Inc (NASDAQ:CADL) has reported updated clinical data showing extended survival outcomes from its ongoing phase 2a trial of aglatimagene besadenovec (CAN-2409) in patients with advanced non-small cell lung cancer (NSCLC) who had previously shown an inadequate response to immune checkpoint inhibitors (ICIs).

The additional 12 months of follow-up data indicate that 50% of the 46 patients in the per-protocol population remained alive at 24 months after treatment.

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New Era Energy & Digital (NASDAQ:NUAI) has announced the appointment of Ted Warner as its chief financial officer, bringing a capital markets executive with nearly two decades of experience in energy, power, and digital infrastructure to its leadership team.

Warner has held roles spanning investment banking and executive leadership. Most recently, he led Northland Capital Markets’ Energy, Power and Digital Infrastructure practice. According to the company, since 2023, Northland has structured and sole managed more than $7 billion in financing solutions for large-scale data center development.

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Namibia Critical Metals (TSX-V:NMI, OTCQB:NMREF) said on Tuesday that Toyota Tsusho Corporation has been selected through a public tender led by Japan Organization for Metals and Energy Security to join the Lofdal Heavy Rare Earths Project in Namibia.

Toyota Tsusho, part of the broader Toyota Group, will participate in the project under JOGMEC’s ownership interest, the Canadian-listed company said.

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Pinnacle Silver & Gold Corp (TSX-V:PINN, OTCQB:PSGCF, FRA:P9J) said it has discovered previously unknown silver-lead-zinc mineralization at its El Potrero gold-silver project in Durango, Mexico, following early-stage fieldwork guided by a recent LiDAR survey.

The company said the discovery was made on the southern Maria Fernanda 2 claim block during initial mapping and prospecting work aimed at following up on historical shafts, adits and pits identified through airborne LiDAR data.

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AtaiBeckley Inc. (NASDAQ:ATAI, XETRA:9VC) has announced the publication of results from its ongoing Phase 2a clinical study of its investigational treatment for treatment-resistant depression (TRD), BPL-003, reporting rapid and sustained antidepressant effects in a small patient cohort.

The data, published in the Journal of Psychopharmacology, comes from Cohort 1 of the four-part trial. This segment consisted of a 12-week, open-label study evaluating a single 10 mg intranasal dose of BPL-003 in 12 patients with moderate-to-severe TRD who were not taking concomitant antidepressants.

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Standard Uranium Ltd (TSX-V:STND, OTCQB:STTDF, FRA:9SU0) said on Tuesday it has commenced drilling at its Rocas uranium project in northern Saskatchewan, the first drill campaign in the property’s history.

The program will test shallow, high-grade basement-hosted uranium targets across multiple priority zones and is expected to run for about five weeks, the company said.

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Shares in CRISM Therapeutics (AIM: CRTX) rose 12% to 13.4p on Tuesday after the clinical-stage drug delivery company announced the U.S. Food and Drug Administration has granted Orphan Drug Designation to its irinotecan-ChemoSeed programme for the treatment of malignant glioma.

The designation covers all high-grade gliomas, including Grade III and IV tumours, broader than the company's original request, which was limited to glioblastoma. Glioblastoma is among the most aggressive brain cancers, with median survival typically measured in months.

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New Frontier Minerals Ltd (LSE:NFM, ASX:NFM, FRA:7OR0, OTCQB:NFMXF) shares rose 5% to 0.5p after the company said its Mining Lease Application for the Big One copper deposit in Queensland had cleared initial regulatory review and received technical assessment approval from the Queensland Natural Resources and Mines Department.

The milestone moves the project closer to potential near-term production.

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Atlantic Lithium Ltd (AIM:ALL, ASX:A11, OTCID:ALLIF) has lined up access to about US$16.4 million in fresh funding as it pushes the Ewoyaa lithium project in Ghana toward production, bringing Ghanaian pension-fund investors onto its register while also drawing down the final tranche of its Long State Investments Ltd facility.

The funding package includes a US$11 million strategic investment facilitated by IC Asset Managers (Ghana), made up of an unconditional US$5 million share subscription and up to US$6 million from milestone-linked warrants.

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Active Energy Group PLC (AIM:AEG, OTCQB:ATGVF) has moved to deepen its Abu Dhabi power infrastructure push, agreeing terms to acquire a second energised grid connection asset that will take its secured capacity to about 13 MVA as it targets revenue-generating digital infrastructure operations.

The new asset comprises a 1.5 MVA grid connection, equivalent to around 1.275 MW of available load, and requires only modest upgrade works before deployment.

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Empire Metals Ltd (AIM:EEE, OTCQX:EPMLF) told investors that new diamond drilling at the Thomas Prospect, part of its Pitfield Project, in Western Australia, has confirmed a near-surface high-grade central zone.

It helps Empire sharpen its focus for future infill drilling, metallurgical test work and mine planning as the small-cap firm works toward an updated resource later this year.

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Recce Pharmaceuticals Ltd (ASX:RCE, OTC:RECEF) will host an online webinar on March 19, 2026, as the company updates investors on progress across its anti-infective portfolio.

The webinar will be held via Zoom at 10:30am AEDT and will be recorded for those unable to attend live.

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Magnetite Mines Ltd (ASX:MGT, OTCQB:RRSXF, FRA:RRSXF) has reported high-grade silver and copper mineralisation from a re-assay of archived diamond drill core at its Mutooroo Ridge project in South Australia, with the standout result returning 8 metres at 38.5 grams per tonne (g/t) silver.

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