Lindian Resources Ltd (ASX:LIN, OTC:LINIF) has reshaped its board and management team as it pushes towards first production at its flagship Kangankunde Rare Earths Project in Malawi and advances downstream processing plans in Kazakhstan.
The appointments are aimed at reinforcing execution capability across both the upstream mine development and the company’s emerging mixed rare earth carbonate (MREC) processing strategy, with first production targeted in the second half of 2026.
S&P/ASX Small Ordinaries (ASX: XSO) closed at 3,378.30, up 133.20 points or 4.10% yesterday and 11.20 points or 0.33% over the past 5 days. Several small-cap companies have reported notable operational and corporate developments this morning. You can read about the following and more throughout the day.
Lindian Resources Ltd (ASX:LIN, OTC:LINIF) provided an update on board and management appointments as it strengthens its team and advances both the Kangankunde Rare Earths Project and the SARECO Mixed Rare Earths Carbonate Processing Facility.
Algernon Health (CSE:AGN, OTCQB:AGNPF, FRA:AGW0) on Wednesday announced “NovaScan Neuroimaging Clinics” as the new brand name for its planned US network of brain PET scanning centers, with the first location set to open in Davie, Florida.
The company said the clinics will feature the US Food and Drug Administration-cleared CareMiBrain system, a standalone PET scanner designed specifically for brain imaging and not integrated with computed tomography (CT).
GameStop Corp (NYSE:GME) reported fourth quarter results that beat earnings expectations but fell short on revenue, with shares little changed at Wednesday’s open, trading at about $23.
For the quarter ended January 31, 2026, the video game retailer posted adjusted earnings per share of $0.49, above the $0.37 consensus estimate.
NEXE Innovations Inc (TSX-V:NEXE, OTC:NEXNF, FRA:FRA: NX5) said on Wednesday a commercial partner has begun transitioning a significant portion of its single-serve coffee pod volumes from plastic to the company’s compostable platform, a move expected to scale up production and support revenue growth.
The materials company said the phased transition, set to unfold over the coming months, could lift annual partner volumes to between 10 million and 15 million compostable pods.
Braemar PLC (LSE:BMS, OTC:BSEAF) shares fell 5.3% to 212p after the shipping and energy broker reported a drop in revenue and profits for the year to February 2026, despite finishing the year in line with expectations.
The Middle East conflict is creating a mixed picture for shipping, with higher freight rates but lower volumes in certain markets, the company said.
Ethernity Networks Ltd (AIM:ENET, OTCQB:ENETF), the AIM-listed semiconductor company, has reported growing revenues from its Tier-1 US defence and aerospace customer, sending its shares up 44% to 0.0039p.
The company, which supplies data processing chip technology for networking appliances, said it recognised $0.2 million in revenue from the customer during the first quarter of 2026.
American Rare Earths Ltd (ASX:ARR, OTCQX:ARRNF) has appointed former Newmont Corporation (NYSE:NEM, TSX:NGT, ASX:NEM, XETRA:NMM) executive Nick Lissolo as vice president of corporate development and strategy, strengthening its leadership bench as it advances its flagship Halleck Creek rare earths project in Wyoming.
The company said Lissolo would take on a central role in shaping corporate strategy, capital markets initiatives and portfolio development, with a focus on partnerships, project evaluation and long-term value creation.