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The Markets
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Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
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The Markets
by Proactive
Proactive UK has moved.
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
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Small cap wrap: VivoPower, Giyani Metals, Phunware, Delivra Health Brands…

St George Mining Ltd (ASX:SGQ, FRA:S0G, OTC:SGQMF) recently reported further high-grade rare earths and niobium results from ongoing diamond drilling at the Araxá Rare Earths and Niobium Project in Brazil, reinforcing the project’s potential scale and development prospects.

Executive chairman John Prineas said the latest results, comprising 16 drill holes, continued to demonstrate thick zones of mineralisation from surface to depths of around 160 metres. He noted that multiple holes intersected more than 100 metres of high-grade rare earth mineralisation, with grades broadly in line with the company’s existing resource.

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Stocks finished sharply lower on Friday, capping off what’s been a volatile and broadly negative week for equities.

The Nasdaq led declines, falling 2% (down 443 points) to 21,648, while the Dow Jones Industrial Average slipped 1% (down 444 points) to 45,577. The S&P 500 dropped 1.5% to 6,506, and the Russell 2000 underperformed, sliding 2.4% to 2,436.

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Gold’s recent weakness is a short-term anomaly driven by an oil-induced surge in interest rates and the U.S. dollar, not a breakdown of its long-term safe-haven role.

In this op ed, Frank Holmes, CEO of U.S. Global Investors (NASDAQ:GROW), argues that the real market shock isn’t geopolitical fear itself, but the spike in oil prices, which is feeding inflation expectations and pushing bond yields higher. That dynamic is temporarily pressuring gold. However, the same forces are laying the groundwork for a more supportive environment for gold over time, especially if stagflation risks materialize.

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Lithium Americas Corp (TSX:LAC, NYSE:LAC) shares fell about 5% to less than $4 following the company’s fiscal fourth quarter 2025 earnings report, which showed a larger-than-expected loss.

The company posted a loss per share of $0.37, more than estimates of a $0.04 loss per share.

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VivoPower PLC (NASDAQ:VIVO, FRA:51J) said on Friday it has begun converting a portion of its publicly traded shares into a restricted class held by insiders, reducing its public float as part of a broader push to align management with long-term shareholder interests.

The company said executive chairman and CEO Kevin Chin and affiliated entities have voluntarily converted about 2.96 million Nasdaq-listed Class A ordinary shares into unlisted Class B shares, which carry enhanced voting rights but cannot be freely traded.

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Xpeng Inc (NYSE:XPEV)’s US-listed shares fell nearly 5% in early trading on Friday, as a weaker near-term outlook overshadowed the company’s first-ever quarterly profit.

The Chinese electric vehicle maker reported a fourth-quarter net profit of RMB0.38 billion ($54.8 million), compared with a loss of RMB1.33 billion a year earlier and a loss in the prior quarter.

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Delivra Health Brands Inc. (TSX-V:DHB, OTCQB:DHBUF, FRA:3F0) has announced the upcoming US launch of its Dream Water Kids Sleep Gummies, with availability expected across distributors, retailers and e-commerce channels in June 2026.

The product is formulated to support children’s sleep and contains chamomile, lemon balm and 1 mg of melatonin. The gummies are lightly sweetened with honey and cane sugar and are free from artificial colors, flavors, gelatin and gluten.

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Phunware Inc (NASDAQ:PHUN, FRA:2RJA) reported improved fourth-quarter revenue and sharply higher margins, as the mobile software platform company pivots toward artificial intelligence-driven solutions for the hospitality sector.

Net revenue rose 33% to $0.8 million in the fourth quarter ended December 31, 2025, while gross margin expanded to 57.7% from 23.3% a year earlier, reflecting a shift toward higher-margin software offerings. The company’s net loss narrowed to $2.1 million from $2.6 million in the prior-year period.

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Giyani Metals Corp (TSX-V:EMM, OTC:CATPF, FRA:KT9) has announced amendments to its existing convertible loan facility with the Industrial Development Corporation of South Africa (IDC), including an additional ZAR29.9 million in funding for its subsidiary, Giyani Metals South Africa.

The funds were drawn on March 9 and received on March 12, increasing the total loan facility to ZAR264.3 million and the combined IDC facilities to ZAR329.9 million.

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Sound Energy PLC (AIM:SOU, OTC:SNEGF) shares slumped some 38%, to 5.2p, after it secured around US$2.2 million in fresh funding as a revised timetable pushed first gas from its Tendrara Phase 1 micro-LNG project in Morocco into early Q3 2026.

The AIM-listed group said it had agreed a €1.3 million term loan facility and completed a £0.5 million equity placing to fund working capital through to first gas, while also providing initial backing for Tayra Energy SAS, its newly formalised solar joint venture with Gaia Energy.

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Cloudbreak Discovery PLC (LSE:CDL, OTC:CDBDF) shares moved up in Friday's trade, rising 17% to 0.5p, after the explorer set out its 2026 gold exploration plan for its Darlot West and Crofton projects in Western Australia, with drilling at Darlot West edging closer as the company pushes ahead with approvals and target definition.

At Darlot West, the company is planning an initial 3,000m to 5,000m drilling programme to test structural targets identified through recent geophysical interpretation and surface exploration. A Program of Work application has already been submitted, with approval expected in the coming weeks.

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KEFI Gold and Copper PLC (AIM:KEFI, OTC:KFFLF, FRA:KMSA) shares traded at 1.3p, down 7%, after it completed a £34 million placing priced at 1.2p a share, capping a fast-moving fundraise launched after market close on 19 March and pitched as the final equity piece needed to fully fund development of the Tulu Kapi gold project in Ethiopia.

At the same time, it has also made a £1 million offer of stock to retail investors.

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Atlantic Lithium Ltd (AIM:ALL, ASX:A11, OTCID:ALLIF) said Ghana’s Parliament has ratified the mining lease for its Ewoyaa lithium project, handing the developer a key de-risking milestone as it pushes funding talks and works toward a final investment decision on what could become Ghana’s first lithium mine.

The approval gives formal backing to the proposed Ewoyaa mine and processing plant. Atlantic said the ratified lease allows it to advance discussions on project financing, with the company framing the move as a major step toward first production of spodumene.

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St George Mining Ltd (ASX:SGQ, FRA:S0G, OTC:SGQMF) recently outlined the significance of its inclusion in the S&P/ASX All Ordinaries Index, with executive chairman John Prineas describing the milestone as recognition of the company’s rapid growth following the acquisition of the Araxá Rare Earths–Niobium Project in Brazil.

Speaking to Proactive, Prineas said the company had undergone a significant transformation over the past year, noting that St George Mining acquired the Araxá project in February 2025 when the company had a market capitalisation of around $25 million.

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Provaris Energy Ltd (ASX:PV1, OTC:GBBLF, FRA:WS90) recently outlined how a newly completed capital raise will support the next phase of development across the company’s hydrogen and CO₂ transport programs.

Managing director and CEO Martin Carolan told Proactive the company had secured firm commitments to raise $1.325 million through an oversubscribed placement, with funds earmarked for key technical milestones in the lead-up to potential commercial outcomes.

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Nova Minerals Ltd (ASX:NVA, NASDAQ:NVA, OTC:NVAAF, FRA:QM3) will present its latest developments at the upcoming Emerging Growth Conference, offering investors a fresh look at progress across its flagship Estelle Gold and Critical Minerals Project in Alaska.

Chief executive officer Christopher Gerteisen is scheduled to deliver the presentation via a live webinar on April 1 (US time), outlining recent advances at Estelle and the company’s broader strategy to build a US-based antimony supply chain.

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