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The Markets
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Small cap wrap: Trust Stamp, Immunic, Delivra Health Brands, Purepoint Uranium…

VivoPower PLC (NASDAQ:VIVO, FRA:51J) has launched a formal request for proposals to find tenants for its newly acquired data center in northern Norway, as the Nasdaq-listed company looks to capitalize on surging demand for artificial intelligence computing infrastructure.

The B Corp-certified energy and infrastructure developer completed its acquisition of the Mo i Rana data center on April 21 and said it has already received unsolicited inquiries from AI cloud operators and major technology companies.

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Trust Stamp Inc (NASDAQ:IDAI, ISE:AIID) has announced a commercial agreement with Partisia and Digital Platformer to develop and deploy decentralized identity technologies aimed at financial services and other regulated sectors in Japan and broader Asia-Pacific markets.

The agreement brings together Trust Stamp's biometric identity systems and the secure computation infrastructure of Partisia as part of Digital Platformer’s next-generation identity platform.

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Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF, FRA:6E2) said on Thursday its Assafou gold project in Côte d’Ivoire could be worth $5.1 billion at current gold prices after a definitive feasibility study confirmed the deposit's potential as a major long-life asset for the company.

The London-listed miner said the study projected average annual production of more than 320,000 ounces over the first eight years of a 16-year mine life, at an all-in sustaining cost of $1,026 per ounce.

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Fox Tungsten Ltd (TSX-V:FOXT, OTC:HPYCF, FRA:1HC) said on Thursday it has completed a previously announced bought deal private placement, raising gross proceeds of about C$12.7 million to fund exploration and general corporate activities.

The offering consisted of 6.1 million hard dollar units priced at C$0.165 each and 48.9 million charity flow-through units priced at C$0.24 apiece, including a partial exercise of the underwriters’ over-allotment option.

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Century Lithium Corp. (TSX-V:LCE, OTCQX:CYDVF) said it is progressing with the relocation of its lithium extraction demonstration plant to Tonopah, Nevada, as rising global sulfur prices underscore the competitive advantage of its salt-based processing technology at the Angel Island project.

The Canadian company said the facility, which previously operated for five years in Amargosa Valley producing battery-grade lithium carbonate, is being moved alongside its Angel Island project in Esmeralda County.

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Pantheon Resources PLC (AIM:PANR, OTCQX:PTHRF) said it expects to update the market on its farm-out process before the end of the summer, as management continues talks with a range of potential counterparties over its Alaska assets.

The oil and gas group said its chairman and chief executive have been focused almost exclusively on farm-out discussions since the AGM and board changes in March. Pantheon said multiple organisations of varying sizes are in the data room, with most still actively engaged, while other companies continue to express interest.

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Immunic Inc (NASDAQ:IMUX, FRA:10VA) announced it will implement a 1-for-10 reverse stock split of its common shares, effective April 27, as part of efforts to meet contractual obligations tied to a recent securities agreement.

The reverse split will take effect at 12:01 a.m. Eastern Time, with the company’s shares continuing to trade on the Nasdaq Capital Market under the ticker symbol “IMUX.” Trading on a split-adjusted basis is set to begin at market open the same day.

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Purepoint Uranium Group Inc (TSX-V:PTU, OTCQX:PTUUF, FRA:P5X0) said on Thursday it has improved its uranium exploration targeting across multiple projects in Saskatchewan’s Athabasca Basin using an integrated geophysical program that combines airborne MobileMT surveys with advanced 3D structural modelling.

The Canadian explorer said the work covered its Celeste East, Russell South and Tabbernor projects and has enhanced its ability to identify and rank subsurface structures prospective for uranium mineralization.

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Delivra Health Brands Inc. (TSX-V:DHB, OTCQB:DHBUF, FRA:3F0) has announced a new licensing agreement aimed at expanding the reach of its LivRelief Infused topical products in Canada.

The agreement is between Delivra Health’s wholly owned subsidiary, LivCorp, and Peak Processing Solutions. Under the terms of the deal, Peak will manufacture, distribute, and sell LivRelief Infused topicals across the Canadian market.

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The AIM-listed virtual product placement company says it may have to enter administration or liquidation in the near term after failing to secure fresh capital

Mirriad Advertising PLC (AIM:MIRI, FRA:8WQ, OTCQX:MMDDF), the virtual in-content advertising technology company, has warned it may be forced into administration or liquidation after efforts to secure emergency funding failed, sending shares down as much as 50% in early trading.

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Anglo Asian Mining Plc (LSE:AAZ, OTC:AGXKF, FRA:A4A) is stepping up processing capacity at Gedabek and Demirli, betting relatively modest plant upgrades can lift recoveries and margins as it builds toward a bigger copper production profile in Azerbaijan.

At Gedabek, the company said a flotation plant upgrade is on course for completion by the end of April, with nine newly installed Imhoflot pneumatic flotation cells designed to process higher-grade ore from the Gilar mine and improve gold and copper recoveries.

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Imugene Ltd (ASX:IMU, OTC:IUGNF, FRA:ILA) has secured overwhelming shareholder support for a series of funding-related resolutions at its extraordinary general meeting (EGM), clearing the way for the completion of a $16 million capital raising package aimed at advancing its clinical pipeline.

All resolutions put to shareholders were passed by poll, with strong majorities across each item, including approvals tied to the company’s recent placement and share purchase plan (SPP). The approvals underpin tranche two of a previously announced institutional placement and the issuance of shares and options under the SPP.

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Barton Gold Holdings Ltd (ASX:BGD, OTCQB:BGDFF, FRA:BGD3) has started a new diamond drilling program at its Tunkillia gold project in South Australia, with two rigs now operating on site as the company pushes toward ore reserves, a pre-feasibility study and a mining lease application by the end of 2026.

The diamond campaign, totalling about 3,000 metres, will run alongside the company’s ongoing Phase 2 reverse circulation program, which is planned for around 30,000 metres. Together, the programs are designed to upgrade resources, refine pit designs and build the technical dataset needed for the next stage of project development.

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Greatland Resources Ltd (AIM:GGP, OTC:GRLGF, FRA:G8G, ASX:GGP) will lodge its March 2026 quarterly activities report on Tuesday, April 28, 2026, and will also present the quarterly via webcast for shareholders, research analysts, media and other stakeholders at 8.30 am AWST / 10.30 am AEST on the same day, followed by a Q&A session.

To join the March quarter 2026 webcast, register at:

https://webcast.openbriefing.com/ggp-qtr3-2026/

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Noviqtech Ltd (ASX:NVQ, OTC:NVQLF, FRA:63Q0) subsidiary Coralia has signed a research partnership with Swinburne University of Technology to explore how biochar can be used in low-carbon concrete, with an initial focus on non-structural applications linked to data centre infrastructure.

The agreement is an important step in Coralia’s strategy to expand beyond carbon credits and build a presence in physical decarbonisation markets, particularly in construction materials where demand for lower-emissions solutions is growing.

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Investigator Silver Ltd (ASX:IVR, OTC:SUTAF, FRA:VOP) has begun a new drilling program at its Paris Silver Project in South Australia, with work underway since March 2026 as the company pushes the project closer to development.

The program is designed to tighten drill spacing in the early years of the mine plan, where production performance is expected to be most important for financing and debt repayment. By increasing data density in these near-term mining zones, Investigator is aiming to strengthen confidence in grade, tonnage and continuity ahead of lender due diligence and detailed mine scheduling.

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Kairos Minerals Ltd (ASX:KAI, OTCQB:KAIFF, FRA:YAJ) has officially rebranded as Pilbara Gold Ltd, with the name change and new ASX ticker taking effect from the start of trading on Wednesday, April 22, marking a shift in focus towards its flagship Western Australian gold assets.

The company, formerly trading under ASX code KAI, is now trading as PGL following completion of the transition approved by shareholders at a March 30 extraordinary general meeting.

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Elixir Energy Ltd (ASX:EXR, OTC:ELXPF) has reported one of its most active quarters to date, highlighted by strong appraisal outcomes at its flagship Taroom Trough project in Queensland and a clear run of near-term catalysts as it moves towards potential reserve booking.

The company completed drilling, coring and casing of the Lorelle-3 and Lorelle-3H wells in ATP2056 on schedule and within budget, with results exceeding internal expectations.

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Resolution Minerals Ltd (ASX:RML, OTCQB:RLMLF, FRA:NC3) has secured firm commitments to raise about $20 million in a two-tranche placement to institutional and sophisticated investors at $0.07 per share, with the raising cornerstoned by Tribeca Investment Partners and L1 Capital Global Opportunities Master Fund.

The raise is a 12.5% discount to the last closing price on ASX on $0.08 on April 20, 2026, a 6.3% premium to the 20-day volume weighted average price (VWAP) of $0.0658 up to, and including, April 20, 2026, and a 1.7% premium to the 15-day VWAP of $0.0689 to April 20, 2026.

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