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The Markets
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Small cap wrap: First Phosphate, 1911 Gold, American Resources, Purepoint Uranium…

First Phosphate Corp. (CSE:PHOS, OTCQX:FRSPF, FRA:KD0, OTC:FPHOY) announced that it has formalized a series of international investment and offtake agreements under the Critical Minerals Resilience and Production Alliance during the 52nd G7 Summit in Évian, France.

The company said the framework includes multiple letters of interest (LOIs) from export credit agencies, financial institutions, and industrial partners supporting the development of its Quebec-based phosphate projects and downstream processing infrastructure.

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Graphene Manufacturing Group Ltd (TSX-V:GMG, OTCQX:GMGMF) announced that it has shipped its first bulk order of THERMAL-XR graphene coating to Nu-Calgon Wholesaler, its exclusive distributor in North America, marking a step toward commercial sales in the US HVAC-R market.

The product will be marketed and sold under the brand name Nu-Calgon CoolWorx powered by GMG Graphene, according to the company.

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Purepoint Uranium Group Inc (TSX-V:PTU, OTCQX:PTUUF, FRA:P5X0) announced that drilling has begun at the Dorado project in Saskatchewan’s Athabasca Basin, the flagship asset of its 50/50 joint venture with IsoEnergy.

The fully funded summer 2026 exploration program will consist of seven drill holes totaling approximately 3,150 metres and is expected to continue through July and August.

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Nine Mile Metals Ltd. (CSE:NINE, OTCQB:VMSXF, FRA:KQ9) said on Wednesday that drilling at its Wedge Mine property has returned two zones of copper mineralization, including a new zone discovered at depth.

The completed hole reached a final depth of 290.5 metres and was drilled to follow up on mineralization found in 2024, with targeting guided by 3D modelling from Apex Geoscience.

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1911 Gold Corp (TSX-V:AUMB, OTCQB:AUMBF, FRA:2KY) said that it has increased the size of its previously announced bought-deal financing to gross proceeds of approximately $31 million, reflecting continued investor demand as the company advances its True North gold project in Manitoba.

Under the amended agreement, a syndicate of underwriters led by Haywood Securities, and including BMO Capital Markets (NYSE:BMO), Roth Canada and Velocity Trade Capital, agreed to purchase a combination of common share units and flow-through units for total gross proceeds of $31 million.

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American Resources Corp (NASDAQ:AREC) announced that its wholly owned subsidiary, Electrified Materials Corporation (EMCO), has joined NAATBatt International, a North American trade association focused on the development, commercialization and manufacturing of advanced battery technologies.

The company said the membership aligns with EMCO's efforts to expand its battery recycling, pre-processing and conditioning operations as it works to support domestic critical mineral recovery and battery supply chain development.

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Record Resources Inc (TSX-V:REC) is doubling down on its Gabon oil and gas operations after selling mineral rights on an Ontario property, clearing the path for the company to concentrate resources on its flagship Ngulu block in West Africa.

The company sold diamond, precious and base metals rights on its Lorrain-Bucke property at Lake Timiskaming, Ontario, to Kirkland Lake-based RJK Explorations in a deal concluded June 8 valued at approximately $75,000 in favour of Record. Record retains 100% of all hydrogen and hydrocarbon rights on the property.

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Varon Corp (OTCID:OZSC)'s US subsidiary, Varon USA, has secured placement for its Ballislife drink across nearly 100 retail locations in the greater Chicago metropolitan area, marking one of the brand's first concentrated urban rollouts.

The pilot launch, which began in June 2026, targets high-traffic retail corridors across one of the most active markets in the Midwest, allowing the company to evaluate consumer behavior and in-store performance at scale.

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Coiled Therapeutics (AIM:COIL, OTCQB:COTXF), the clinical-stage oncology company, has appointed two senior cancer drug developers to a newly formed medical advisory board guiding its lead programme, AO-252.

Professor Guru Sonpavde and Dr Alexander Spira join as founding members as the experimental drug advances through early-stage phase I human trials.

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AIC Mines Ltd (ASX:A1M, OTC:IAUFF, FRA:HLS) has returned high-grade copper, gold and silver results from resource definition and extension drilling at the Jolly shoot within the Jericho copper deposit in northwest Queensland.

The results are important for the company because Jolly is the first area scheduled to be mined at Jericho, which is being developed as part of AIC’s broader plan to lift production from the nearby Eloise operation.

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