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The Markets
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Archive

Small cap wrap: Sintana Energy, HIVE Digital Technologies, Record Resources…

Century Lithium Corp. (TSX-V:LCE, OTCQX:CYDVF) recently filed its 2026 NI 43-101 feasibility study for the 100%-owned Angel Island lithium project in Nevada, which Noble Capital Markets analysts said materially enhances the project’s economic profile.

The updated study incorporates engineering optimization, pilot plant validation, and refinements to the mine plan, strengthening the project’s financial outlook.

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The royalty company's structure shields investors from rising fuel and chemical costs that are squeezing conventional miners

RBC Capital Markets has highlighted Ecora Royalties PLC (LSE:ECOR, TSX:ECOR, OTCQX:ECRAF, FRA:HGR), the London-listed mining royalty company, as one of the better-performing equities since the outbreak of war with Iran.

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Nextech3D.AI (CSE:NTAR, OTCQX:NEXCF, FRA:1SS) announced that a recently acquired division Krafty Labs reached profitability in its first full month under company ownership, as the firm pointed to improving margins and reiterated its expectation of achieving cash-flow positive operations in 2026.

The company said Krafty Labs, which it acquired in January 2026, generated approximately $130,000 in revenue in February, with a gross margin of 66% and a net margin of about 55%.

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Shares of VivoPower PLC (NASDAQ:VIVO, FRA:51J) surged 23.3% on Wednesday morning after the company announced it had terminated its $180 million Form F-3 registration statement.

The decision, effective immediately, means no further sales of ordinary shares will be made under the filing, originally dated before the end of December 2025.

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Sintana Energy Inc (TSX-V:SEI, OTCQB:SEUSF, FRA:3ZX1, AIM:SEI) announced that its joint venture partner, Pancontinental Energy Limited, has received approval from the Namibian Ministry of Industry, Mines and Energy to extend the First Renewal Exploration Period of Petroleum Exploration License 87 (PEL 87).

Pancontinental Energy, the operator of PEL 87, was granted a 12-month extension, running until January 22, 2027.

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Montero Mining and Exploration Ltd (TSX-V:MON, OTC:MXTRF) said on Wednesday that an integrated analysis of geological, geochemical and geophysical data at its Elvira gold project in Chile’s Maricunga Gold Belt confirms a district-scale high-sulphidation hydrothermal system.

The Phase 1 exploration program, completed earlier this month, identified several structurally controlled alteration centers, resistivity domains and sulphide-bearing chargeability anomalies that the company said represent priority areas for follow-up exploration and potential drill testing.

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Record Resources Inc (TSX-V:REC) said it is evaluating options to unlock value from its natural hydrogen properties in Ontario, aiming to capitalize on rising energy demand from artificial intelligence data centers.

The company, which owns three hydrogen-focused properties near the Lake Timiskaming region, said it is considering non-dilutive strategies to enhance shareholder value as interest grows in hydrogen as a potential baseload power source for energy-intensive AI infrastructure.

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U.S. Gold Corp (NASDAQ:USAU) announced that it is set to join the VanEck Junior Gold Miners ETF (GDXJ) following the fund’s latest quarterly rebalance, the company said Wednesday.

The inclusion will take effect at the close of trading on March 20.

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Arizona Gold & Silver Inc (TSX-V:AZS, OTCQB:AZASF, FRA:A9J0) said on Wednesday it had entered into a binding agreement with institutional investors Sorbie Bornholm LP and Sorbie Investments LLP for a C$18 million investment to fund exploration and development at its Philadelphia gold-silver project in Arizona.

The financing will not result in a new control position, the company said.

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OKYO Pharma Ltd (NASDAQ:OKYO) said on Wednesday it observed improvements in quality-of-life measures in patients treated with its experimental therapy urcosimod in a mid-stage study for neuropathic corneal pain (NCP), a chronic eye condition with no approved treatments.

The clinical-stage biopharmaceutical company said the findings stem from an exploratory analysis of patient-reported outcomes in its Phase 2a trial and will be presented at the 2026 Annual Meeting of the Association for Research in Vision and Ophthalmology.

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Protalix Biotherapeutics Inc (NYSE-A:PLX, FRA:PBDA) reported its 2025 financial results and outlined recent regulatory, clinical and commercial developments, including a new European approval for its Fabry disease therapy and updated guidance for 2026.

"2025 was a year of meaningful progress for Protalix, marked by strong commercial execution with our partners and important advances and strategic direction across our clinical and preclinical pipeline," the company’s CEO Dror Bashan said.

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Alvopetro Energy Ltd (TSX-V:ALV, OTC:ALVOF, FRA:A6Y0) said on Wednesday it lifted production and reserves in 2025, buoyed by strong performance at its flagship Murucututu field in Brazil.

The Calgary-based oil and gas producer reported average daily sales of 2,523 barrels of oil equivalent per day (boepd) for 2025, up 41% from a year earlier, while proved plus probable (2P) reserves rose 43% to 13.1 million boe.

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HIVE Digital Technologies Ltd (TSX-V:HIVE, NASDAQ:HIVE, FRA:YO0, BVC:HIVECO) announced that its BUZZ AI Cloud platform in Asunción, Paraguay, is now operational, with a Columbia University research team running live GPU-based workloads on the system.

The deployment marks the first GPU cluster to go live under the company’s strategy to expand into artificial intelligence and high-performance computing (HPC) by leveraging its renewable energy assets in Paraguay.

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The Malawi-based miner's flagship deposit remains the world's largest natural rutile reserve

Sovereign Metals Ltd (ASX:SVM, OTCQX:SVMLF, AIM:SVML, FRA:SVM), the AIM-listed critical minerals company, has significantly upgraded the resource estimate for its Kasiya project in Malawi, sending shares up 9% to 44p.

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Shares in Gem Diamonds Limited (LSE:GEMD, OTC:GMDMF)) fell 18% to 3.78p on Wednesday after the company reported a $104 million attributable loss for 2025, driven by a $77.5 million writedown of the carrying value of its Letšeng mine in Lesotho.

Revenue fell to $98.4 million from $154.2 million in 2025, while underlying EBITDA (earnings before interest, tax, depreciation and amortisation) collapsed to $3.9 million from $29.7 million.

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80 Mile PLC (AIM:80M, OTCQB:BLLYF) shares jumped on Wednesday as it revealed it is moving its shares from the London Stock Exchange’s SETSqx platform to SETS from today, a step the company said should widen investor access and improve liquidity.

The AIM-listed explorer and developer said the move to SETS, the exchange’s electronic order book for equities, is intended to broaden its shareholder base and make the stock more accessible to investors, including those trading internationally, through traditional order-book dealing. 80 Mile is also listed in Frankfurt and on the US OTC market.

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The AIM-listed battery maker says its Goliath cells outperformed conventional lithium-ion technology in firing range safety tests conducted for the Ministry of Defence

Ilika PLC (AIM:IKA, OTCQX:ILIKF, FRA:I8A), the UK solid-state battery pioneer, has received positive feedback from a UK defence agency after its Goliath cells were subjected to live firing range tests designed to simulate battlefield conditions.

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Galantas Gold Corp (AIM:GAL, TSX-V:GAL, OTCQX:GALKF) has kicked off its first drill programme at the Indiana gold project in Chile, launching a 5,000-metre campaign aimed at tightening mine planning data while also testing for higher-grade extensions that could add to the resource base.

The 17-hole diamond drilling programme at the project near Copiapó will target mineralisation at depths of around 200 to 350 metres below surface.

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Core Lithium Ltd (ASX:CXO, OTC:CXOXF, FRA:7CX) has approved a Final Investment Decision (FID) to restart operations at its Finniss Lithium Project in the Northern Territory, alongside securing a fully funded restart package exceeding $300 million.

The FID marks a key milestone for the company, following completion of updated mine planning, engineering studies and operating strategies designed to reposition Finniss as a lower-cost, long-life lithium operation with reduced execution risk. It is underpinned by updated project economics, including a pre-tax NPV of $1.1 billion and forecast free cash flow of $1.7 billion, based on a long-term spodumene price of US$1,500/t.

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Belararox Ltd (ASX:BRX, OTC:BRXLF) has reported high-grade silver results from drilling at its Toro Central prospect in Argentina, with the second hole confirming a newly identified near-surface mineralised zone and reinforcing the potential for a broader silver system.

Results from hole TMT-TC-DDH-002 returned 47 metres at 171.99 grams per tonne (g/t) silver from 59 metres, including 27 metres at 290.55 g/t silver, alongside zinc, copper, gold and lead credits.

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Barton Gold Holdings Ltd (ASX:BGD, OTCQB:BGDFF, FRA:BGD3) has started an approximate 8,000-metre reverse circulation (RC) drilling program at its Challenger Gold Project in South Australia, with work focused on defining open pit material for an initial Stage 1 development case under its Definitive Feasibility Study (DFS).

The campaign is targeting the Challenger Main and Challenger West open pits, along with additional open pit targets at Challenger South-Southwest and Challenger 3.

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Sovereign Metals Ltd (ASX:SVM, OTCQX:SVMLF, AIM:SVML, FRA:SVM) has delivered a substantial upgrade to the mineral resource at its flagship Kasiya rutile-graphite project in Malawi, strengthening confidence in the deposit as it advances towards a definitive feasibility study (DFS).

The updated estimate lifts total rutile resources to 2.1 billion tonnes at 0.96% rutile for 20.3 million tonnes (Mt) of contained rutile, alongside 20.0Mt of contained graphite, cementing Kasiya’s status as the world’s largest natural rutile deposit.

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