Ocean Power Technologies Inc (NYSE-A:OPTT) earlier this week outlined rapid progress in deploying its power and monitoring systems, as CEO Philipp Stratmann highlighted accelerating demand for ocean security solutions in an interview with Proactive.
Stratmann said the company had moved from contract award to deployment with the US Homeland Security Department, delivering its first operational system in less than four months. He added that additional systems are already in the pipeline, with a second unit nearing installation and a third on the way, while data streaming has commenced.
Trillion Energy International Inc. (CSE:TCF, OTCQB:TRLEF, FRA:Z620) said on Friday it plans to raise up to C$2 million through a non-brokered private placement to fund near-term obligations tied to its oil assets in Türkiye.
The company intends to issue up to 13.3 million units at C$0.15 each, with each unit made up of one common share and one-half of a warrant, with each whole warrant exercisable at C$0.25 for one year.Proceeds from the financing will primarily be used to support work commitments under the company’s farm-in agreement on the M47 concession in southeastern Türkiye, along with general working capital, offering expenses and limited investor relations activities.
Medicus Pharma (NASDAQ:MDCX) said on Friday it has submitted an application to the US Food and Drug Administration seeking orphan drug designation for its SkinJect therapy to treat basal cell carcinoma in patients with Gorlin Syndrome, a rare genetic condition marked by recurring skin cancers.
The company said the filing expands its SkinJect program into an area of high unmet medical need, where treatment options are limited and often rely on repeated surgical procedures that can lead to cumulative physical and psychological burden.
HIVE Digital Technologies Ltd (TSX-V:HIVE, NASDAQ:HIVE, FRA:YO0, BVC:HIVECO) said it had priced $100 million of zero-coupon exchangeable senior notes due 2031 in a private offering, increasing the size of the deal from a previously announced $75 million.
Proceeds will be used to fund investments in subsidiaries, capital expenditures including the purchase of graphics processing units, and the development of data centres, as well as general corporate purposes.
Shares in Premier African Minerals Ltd (AIM:PREM, OTC:PRMMF) rose 17% to 0.021p after the company reported encouraging progress on the installation of a new flotation plant at its Zulu Lithium and Tantalum Project in Zimbabwe.
Work on the Xinhai Flotation Plant, supplied by Chinese processing equipment specialist Xinhai Technology Processing, has centred on site-based fabrication of overflow launders, walkways, interconnecting pipework between flotation cells, and large-diameter air supply piping.
Metals One PLC (AIM:MET1, FRA:HT7, OTCQB:MTOPF), the critical and precious metals developer, has moved a step closer to securing a significant South African gold asset after creditors of Barbrook Mines approved a business rescue plan under which Lions Bay Resources (LBR) will acquire certain assets, including a 2.1 million ounce gold resource, for approximately $17 million.
Metals One holds a 30% stake in LBR, with an option to increase that to 49.9% subject to shareholder approval.
Orthocell Ltd (ASX:OCC, OTC:ORHHF) has moved beyond market access and into active clinical use within the US military and veteran healthcare system, completing the first surgical case using its Remplir nerve repair product in a Department of Defense facility shortly after securing network-wide approval.
