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The Markets
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The Markets
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The Markets
by Proactive
Proactive UK has moved.
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The Small Cap Wrap: Carnavale increases resource; 88E on track; Catapult delivers record revenue and more...

XDC Network has welcomed Animoca Brands Corporation Ltd (Unlisted (AU):AB1) as a strategic validator, with the Web3 investment and development group set to operate masternodes on the enterprise-focused blockchain.

XDC said the appointment marked a further step in the development of its institutional validator program, which supports a network used for trade finance, cross-border settlement and real-world asset tokenisation.

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88 Energy Ltd (AIM:88E, ASX:88E, OTCQB:EEENF, FRA:POQ) has told investors that its planned Augusta-1 exploration well at South Prudhoe on Alaska’s North Slope remains on track for a first-quarter 2027 spud, as the company advances permitting, logistics and farm-out discussions.

The AIM and ASX-listed explorer said Augusta-1 is designed to test up to 133.7 million barrels of gross unrisked 2U prospective resources, or 111.4 million barrels net to 88 Energy, across stacked Ivishak, Kuparuk and Brookian reservoir targets.

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It's been a tough week for the Albanese government since Treasurer Jim Chalmers released the 2026 Federal Budget. Anthony Albanese is no longer preferred Prime Minister - although we'll see how long that lasts in the fickle fury of the Australian voter - and the government has taken a dive in the polls.

It seems no one is happy. Entrepreneurs, small business owners and start-ups are asking why they should bother. Testamentary trust changes have family trust holders up in arms. Even the The Australian Council of Social Service (ACOSS) and the Council on the Ageing (COTA) have criticised the budget, arguing it fails to adequately support low-income Australians and unfairly impacts older people reliant on private health insurance.

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Shares in Technology One Limited (ASX:TNE) rebounded sharply on Wednesday after an initially mixed market reaction to the company’s half-year results gave way to renewed confidence in its long-term growth story.

The enterprise software group was up about 7% as of 1:30 pm AEST after swinging nearly 3% lower in the previous session, when investors initially focused on softer-than-expected revenue growth and the impact of foreign exchange movements on statutory earnings.

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FLAGSHIP MINERALS Ltd (ASX:FLG) is raising A$2.75 million before costs through a 2-tranche strategic placement priced at A$0.25 per share.

The placement will see 11 million new fully paid ordinary shares issued, with support from three long-term strategic investors aligned with the company’s development strategy for the Isidora Gold Project in Chile.

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CATAPULT SPORTS LTD (ASX:CAT, OTC:CAZGF) has delivered record FY26 revenue of US$140.7 million, up 19% year-on-year on a constant currency basis, as the sports technology company continued to scale its software-as-a-service platform.

The company, which provides performance analytics, athlete monitoring, video analysis and scouting intelligence to professional sports teams, also grew management EBITDA by 67% to US$24.7 million.

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Lightning Minerals Ltd (ASX:L1M, FRA:YZ1) last week announced the appointment of experienced geoscientist and corporate executive Andrew Lambert as exploration and corporate development manager, as the company accelerates its strategic pivot toward Australian gold exploration.

The appointment follows the company’s recent repositioning around the Mt Turner Gold Project in north Queensland, where Lightning Minerals is shifting away from its previous lithium-focused strategy to become a gold-led exploration and development company.

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The autonomous drone partnership between ROCKETDNA LTD (ASX:RKT) and BHP Mitsubishi Alliance (BMA) has evolved into one of the largest continuous autonomous drone deployments operating in Australia, following the completion of around 4,400 missions across four Queensland coking coal mines since February 2026.

The drone technology company has logged more than 2,000 hours of autonomous flight time across BMA’s Peak Downs, Goonyella, Saraji and Caval Ridge operations in the Bowen Basin.

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Vista Group International Ltd (ASX:VGL) has signed a six-year agreement with Cinépolis to transition its Mexican cinema circuit to Vista Cloud Operational Excellence.

The agreement covers Cinépolis’ largest global circuit, comprising 504 sites and more than 4,100 screens across Mexico. Commercial terms begin from January 1, 2026, with the transition expected to take place during 2026.

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Nova Minerals Ltd (ASX:NVA, NASDAQ:NVA, FRA:QM3) is taking its US critical minerals ambitions to one of Alaska’s highest-profile energy and resources events this week, with chief executive officer Christopher Gerteisen set to present at the 2026 Alaska Sustainable Energy Conference (ASEC) in Anchorage.

The May 19–21 conference brings together senior government officials, industry leaders and researchers focused on energy security, infrastructure and resource development across Alaska and the broader United States. Nova’s appearance comes as the company pushes ahead with plans to establish a domestic antimony supply chain centred around its Estelle Gold and Critical Minerals Project in Alaska.

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Carnavale Resources Ltd (ASX:CAV, FRA:YBB) has upgraded the mineral resource estimate (MRE) at its Kookynie Gold Project in Western Australia, increasing confidence in the shallow high-grade portions of the deposit as the company advances towards a bankable feasibility study (BFS).

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