Abercrombie & Fitch (NYSE:ANF) shares rose about 12% after the company reported first-quarter results that beat profit expectations, while revenue slightly missed and comparable sales declined.
For the quarter ended May 2, the company posted adjusted earnings of $1.47 per share, above analyst expectations of $1.28.
When Thistle Resources (TSX-V:TRCG) began trading on the TSX Venture Exchange in May, it brought something rare to the junior mining space: nearly eight years of quietly funded exploration, with capital deployed into the ground rather than into marketing and overhead.
For investors used to junior miners asking for money before they drill a single hole, Thistle's story is a different kind of pitch. Approximately 90% of the capital raised prior to the IPO has been deployed directly into exploration work. The company is fully funded for two to three years of activity and carries no near-term dilution pressure. That means shareholders are not buying into a raise-to-drill story, but a drill-and-discover story, one where the geophysical work is done, the targets are defined, and the rigs are ready to move.
Virtuix Holdings Inc (NASDAQ:VTIX) is accelerating its push into the US defense sector, securing an Air Force research contract, advancing a Marine Corps infantry training program, and forming a special committee to pursue acquisitions in the defense simulation industry.
The full-body virtual reality systems developer has been selected by the US Air Force for Phase I funding under the AFWERX SBIR program to develop its Virtual Terrain Walk (VTW) platform for military mission planning and leader rehearsals.
Immunic Inc (NASDAQ:IMUX, FRA:10VA) has named biopharmaceutical executive Erik Lundgren as its CEO as the company advances its multiple sclerosis treatment candidate through late-stage development and prepares for potential commercialization.
Lundgren succeeds Daniel Vitt, who will continue to oversee scientific strategy and portfolio advancement while remaining on the company’s board of directors.
Blockmate Ventures Inc (TSX-V:MATE, OTCQB:MATEF, FRA:8MH) told investors that it is continuing discussions with multiple parties regarding the potential development of an AI data center in Wyoming, as the company looks to advance the project through talks with investors and strategic partners.
The company said key executives will attend the Datacloud Global Congress 2026 in France next week, where they plan to continue discussions with potential counterparties tied to the Wyoming opportunity. The event is focused on the global data center and hyperscaler sectors.
Abacus Global Management (NYSE:ABX) has entered into a strategic alliance agreement with diversified wealth and asset management firm Manning & Napier, alongside closing a minority equity investment in the company, the firms announced.
Abacus joins Callodine Group and East Asset Management as institutional investors in Manning & Napier under the deal.
Gunnison Copper Corp (TSX:GCU, OTCQB:GCUMF, FRA:3XS0) has received a refundable tax credit from Arizona's state commerce authority to support its copper operations in the state.
The Arizona Commerce Authority's Qualified Facility Tax Credit Program offers refundable state income tax credits tied to qualifying capital investments and net new full-time employment.
Power Metallic Mines Inc (TSX-V:PNPN, FRA:IVV1, OTCQB:PNPNF) announced that it is expanding its summer 2026 exploration program at its polymetallic Nisk project in Quebec, adding several geophysical surveys aimed at identifying deeper nickel, copper and platinum group element mineralization across the property.
The company said the program will include an Ambient Noise Tomography (ANT) survey at the Nisk Far West target, along with gravity and superconducting quantum magnetometer (SQUIDs) surveys over the Lion area.
Arc Minerals Limited (AIM:ARCM, OTC:ACMNF, FRA:DFYA) told investors it has reached a comprehensive settlement in Zambia, drawing a line under all outstanding litigation affecting the copper explorer in the country.
The AIM-listed company said the agreement terminates eight sets of ongoing proceedings across multiple Zambian courts and tribunals, with consent judgments now being filed with the relevant courts.
Asiamet Resources Ltd (AIM:ARS, OTC:KMGLF, FRA:0FK) ended 2025 with a stronger cash position as it continued work on the proposed US$105mln sale of its interest in the KSK Project to Norin Mining and advanced the BKM copper project in Indonesia.
The company reported year-end cash of US$3.4mln, up from US$2.3mln a year earlier, while its net loss narrowed to US$4.9mln from US$5.5mln in 2024. Equity proceeds totalled US$5.6mln during the year, including a US$2.5mln direct placement to PT BUMA International Tbk and a further US$3.1mln placement to existing shareholders and new investors.
Itaconix PLC (AIM:ITX, OTCQB:ITXXF, FRA:18G0) has launched a North American e-commerce marketing initiative aimed at speeding adoption of its plant-based polymer technologies in next-generation detergents.
The AIM-listed speciality ingredients group said deeperclean.com will give consumer detergent brand managers ready access to fully packaged dishwashing and laundry products, including performance claims and pricing, to support faster evaluation and purchasing decisions.
Cybersecurity company archTIS Ltd (ASX:AR9, OTCQB:ARHLF) says its NC Protect platform has passed the final internal production testing phase with the US Department of Defense (DoD), marking a major step towards potential deployment in high-assurance military environments.
archTIS announced the DoD completed the final round of Warfighter Command production testing for NC Protect on April 30, with a formal pilot report issued on May 20 confirming the platform met all 60 of 60 test cases assessed.
Minbos Resources Ltd (ASX:MNB, OTC:MNBRF, FRA:OMB) has signed the final security agreement required under its US$16 million loan facility with the Industrial Development Corporation of South Africa, clearing the way for the first drawdown request.
The company has submitted a Facility Utilisation Request for 30% of the facility, equivalent to about US$4.8 million, with funds expected to be received in coming weeks subject to final IDC processing.
Element 25 Ltd (ASX:E25, OTCQX:ELMTF, FRA:QFP) has awarded long-term mining services and ore haulage contracts for the Butcherbird Expansion Project in WA’s Pilbara region, marking a key operational milestone as the company advances the manganese project toward construction and expanded production.
Regroup Australia Pty Ltd has been appointed for both contracts, extending its long-term relationship with Element 25 and creating an integrated mining-to-port operating model for the project.
Vista Group International Ltd (ASX:VGL, OTC:VGLIF) has signed a 5-year agreement with Cinemex to transition the exhibitor’s Mexican cinema circuit back to Vista Group.
Cinemex is Mexico’s second-largest exhibitor, operating 289 sites with more than 2,800 screens across over 100 cities. The company also operates 23 sites and more than 300 screens in the United States.
American Rare Earths Ltd (ASX:ARR, OTCQX:ARRNF) has launched its 2026 drilling program at the Halleck Creek rare earths project in Wyoming, marking the start of feasibility-level drilling designed to underpin a definitive feasibility study (DFS) at what the company describes as the largest known rare earth deposit in the United States on a total rare earth oxide (TREO) basis.
The drilling campaign is focused on the Cowboy State Mine area within Halleck Creek and comes as the company continues advancing the project amid growing US efforts to strengthen domestic critical minerals supply chains and reduce reliance on Chinese rare earth imports.
Sovereign Metals Ltd (ASX:SVM, OTCQX:SVMLF, AIM:SVML, FRA:SVM) has confirmed the presence of monazite-hosted heavy rare earths across multiple planned mining pits at its Kasiya Rutile-Graphite Project in Malawi, potentially opening a third revenue stream from material currently destined for tailings.
The company said metallurgical test work recovered monazite concentrates containing dysprosium (Dy), terbium (Tb) and yttrium from four pits within the Kasiya definitive feasibility study (DFS) mine plan, including areas scheduled for first-year production.
International Graphite Ltd (ASX:IG6, FRA:H99, OTC:IGRPF) has signed a binding joint venture and shareholders’ agreement with Alkeemia S.p.A. to develop a major graphite processing hub at Alkeemia’s Porto Marghera chemical production facility near Venice, Italy.
The agreement gives IG6 a fast-track route into European graphite processing, using Alkeemia’s established industrial platform, including permitting, warehousing, laboratories, control rooms, waste management, port and rail access, an operating workforce and graphite purification capacity being built on site.
Expansion into the Middle East and North Africa (MENA) region is now firmly in Recce Pharmaceuticals Ltd (ASX:RCE, OTC:RECEF)'s sights after it took a step toward commercialising its R327 Topical Gel, signing a non-binding term sheet with a leading publicly listed Middle Eastern pharmaceutical company.
The proposed 10-year exclusive licensing agreement covers commercial sales and distribution of R327G for diabetic foot infections across Saudi Arabia, GCC countries, Egypt, Algeria and Morocco.
Novo Resources Corp (TSX:NVO, OTCQX:NSRPF, ASX:NVO, FRA:1NOR) has regained full control of exploration at the Egina Gold Project in Western Australia’s Pilbara region after Northern Star Resources Ltd (ASX:NST) withdrew from its earn-in agreement.
Northern Star, which inherited the agreement through its acquisition of De Grey Mining, will not proceed with the additional A$18 million expenditure required to earn a 50% interest in the Egina tenements. As a result, the proposed Egina joint venture will not be formed and exploration activities will revert to Novo.