Hut 8 Mining Corp (TSX:HUT, Unlisted (US):HUTMF) shares surged nearly 33% on Wednesday after the cryptocurrency miner-turned-AI infrastructure developer announced a $9.8 billion, 15-year triple-net lease with a high investment-grade tenant, marking a major milestone in the company's strategic shift toward hyperscale AI data center development.
The lease, tied to the company's Beacon Point campus, covers 352 megawatts of engineered capacity built to Nvidia specifications.
Medicus Pharma (NASDAQ:MDCX) has reported additional results from a pre-specified expanded dataset analysis of its Phase 2 SKNJCT-003 trial, showing a positive dose-response relationship for its Doxorubicin Microneedle Array (D-MNA) in treating nodular basal cell carcinoma (BCC).
The analysis builds on previously disclosed topline results and incorporates biological, histologic, and safety data from a refined group of 69 patients whose diagnoses met the study’s intended inclusion criteria.
Arizona Gold & Silver Inc (TSX-V:AZS, OTCQB:AZASF, FRA:A9J0) reported assay results from four diamond drill holes at its Philadelphia project in Arizona, highlighting multiple high-grade gold and silver intercepts and continued expansion of the Perry Zone mineralization.
The company said the 1,105-metre drill program included three holes targeting up-dip extensions of the high-grade Perry Zone and one deeper step-out hole.
When a junior mining company's largest shareholder decides to monetize its position, the market feels it immediately and the effects can linger long after the shares have changed hands.
That was the reality for Royal Road Minerals Ltd (TSX-V:RYR, OTC:RRDMF, FRA:RLU), a TSX-listed exploration company with assets spanning Colombia, Morocco, and Saudi Arabia. In March 2023, Agnico Eagle Mines, which had held an 18% stake since 2019, began exploring its exit options. The process took longer than anyone anticipated, and it was not until September 2025 that the position was fully resolved.
Power Metallic Mines Inc (TSX-V:PNPN, FRA:IVV1, OTCQB:PNPNF) has reported additional assay results from its winter 2026 drilling program, including what it described as its second-best intersection to date at the Lion Zone, as the company advances toward an updated mineral resource estimate (MRE).
The company said infill drilling continues to define and expand the high-grade Lion Zone of its Nisk polymetallic project in Quebec, with results covering approximately 560 metres along the down-plunge extent of the system.
Standard Uranium Ltd (TSX-V:STND, OTCQB:STTDF, FRA:9SU0) said on Wednesday it has completed drilling at its Rocas uranium project in Saskatchewan, with results from three of four reconnaissance holes showing anomalous radioactivity that the company called a strong early indicator for potential uranium mineralization.
The junior explorer drilled 962 metres across four holes at the project, located 75 kilometres southwest of the Key Lake Mine and Mill facilities along Highway 914.
Miivo Holdings Corp (TSX-V:MIVO) has launched Miivo Sales Leads, a self-serve artificial intelligence product that allows small and mid-market businesses to search and generate enriched B2B contact lists without manual research or third-party tools.
The new standalone offering enables users to search for target companies and generate contact lists that include company name, contact name and position, mailing address, verified email, and phone number.
Gunnison Copper Corp (TSX:GCU, OTCQB:GCUMF, FRA:3XS0) said on Wednesday that technology startup Lunasonde has completed an airborne geophysical survey over the company's Cochise Mining District land package in southern Arizona, as the copper explorer advances district-scale targeting efforts ahead of potential drilling.
The survey employed Lunasonde's proprietary Airborne Georadiotomography (aGRT) technology to generate high-resolution subsurface imaging aimed at identifying copper-bearing structures.
Silver Range Resources Ltd (TSX-V:SNG, OTC:SLRRF, FRA:8SR) said on Wednesday it has expanded its Sniper Property in western Nevada from 4 to 14 claims by staking, with sampling at newly acquired showings returning up to 16.2 grams per tonne (g/t) gold.
The property is located on the north flank of Gold Mountain, south of Gold Point in Esmeralda County, and covers a high-grade gold occurrence near the historic mining district.
Seeing Machines Ltd (AIM:SEE, OTC:SEEMF, FRA:M2Z) shares rose 11% to 4.58p on Wednesday after a record quarterly production update prompted Peel Hunt to declare that a long-predicted surge in automotive royalty volumes had materialised, vindicating the broker's medium-term investment case.
The broker, which carries a 'buy' rating on the stock, said automotive production volumes of 1.3 million units in the three months to 31 March, up 122% on the prior quarter and 259% year-on-year, validated its thesis that European safety regulation would trigger a step-change in demand for Seeing Machines' driver and occupant monitoring systems.
Seeing Machines Ltd (AIM:SEE, OTC:SEEMF, FRA:M2Z), the AI-powered driver monitoring technology company, has reported record automotive production volumes of 1.28 million units in the three months to 31 March 2026, up 122% on the previous quarter and 259% on the same period a year earlier.
The surge was driven by car manufacturers scaling up fitment of driver and occupant monitoring systems (DMS/OMS) ahead of a July 2026 European General Safety Regulation (GSR) deadline, which will require the technology across new vehicle platforms.
Union Jack Oil PLC (AIM:UJO, OTCQB:UJOGF, FRA:1UJ0) said drilling has started at the Crossroads Well in Oklahoma, putting the AIM-quoted explorer on a short timeline to the next operational readout from its US portfolio.
The small-cap oil and gas company said it had been informed by operator Reach Oil and Gas that the well was spudded on 5 May 2026.
Resolution Minerals Ltd (ASX:RML, OTCQB:RLMLF, FRA:NC3) has reported high antimony recoveries from initial metallurgical test work on samples from Antimony Ridge, part of its Horse Heaven Antimony-Tungsten-Gold-Silver Project in Idaho, USA.
Rougher flotation tests conducted by IMO labs in Perth achieved sulphur recovery of 99.5%, which the company said indicated near-complete recovery of stibnite, the primary antimony sulphide mineral, during the rougher concentration stage.
St George Mining Ltd (ASX:SGQ, FRA:S0G, OTC:SGQMF) has appointed Worley Engenharia Ltda, the Brazilian subsidiary of Worley Ltd (ASX:WOR), a global engineering and project management group headquartered in Australia, as feasibility technical adviser for the potential development of its 100%-owned Araxá Niobium-Rare Earths Project in Minas Gerais, Brazil.
St George yesterday delivered more thick, high-grade rare earths and niobium assays from ongoing diamond drilling at Araxá.
The S&P/ASX Small Ordinaries [XSO] closed at 3,458.80, gaining 15.20 points or 0.44% in the latest session. Over the past five days, the index has added 4.50 points, or 0.13%, pointing to a modestly positive tone across the small-cap market.
Several ASX-listed companies have delivered operational, clinical and project development updates this morning. You can read about these and more throughout the day.