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The Markets
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Small cap wrap: Thistle Resources, HIVE Digital Technologies, Miivo...

First Phosphate Corp. (CSE:PHOS, OTCQX:FRSPF, FRA:KD0, OTC:FPHOY) has gained strategic and financial validation through its participation in G7-linked critical minerals initiatives and related investment interest, according to Noble Capital Markets analysts.

The company this week announced that it has obtained international investment support and finalized offtake agreements through the Critical Minerals Resilience and Production Alliance during the 2026 G7 Summit in Evian, France.

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HIVE Digital Technologies Ltd (TSX:HIVE, NASDAQ:HIVE, FRA:YO0, BVC:HIVECO) announced that it has received approval from the Boden Municipal Council to acquire the Big Boden 32-megawatt data center in Sweden from Bodens Utvecklings AB, a facility that has housed the company's Swedish operations since 2018.

The acquisition, which remains subject to customary closing conditions, would allow HIVE to transition from leasing the site to owning it outright.

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Thistle Resources (TSX-V:TRCG, OTC:TRCGF) has completed the second anniversary payment under its option agreement for the Brunswick antimony project in New Brunswick, keeping the company on track to acquire full ownership of the property.

The payment comprised $25,000 in cash and 250,000 common shares issued to optionor Prospect 'Or Corp.

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Miivo Holdings Corp (TSX-V:MIVO) announced that the TSX Venture Exchange has approved its previously announced name change to Miivo AI Inc, with the change set to take effect at the opening of trading on June 22.

The company's common shares will continue to trade on the TSXV under the ticker symbol "MIVO."

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Grey Matters Health (CSE:GREY, OTCQB:AGNPD, FRA:AGW0) has closed a non-brokered private placement of C$1.25 million, with proceeds earmarked to advance its Alzheimer's Disease program and open its first US brain-specific neuroimaging clinic.

The Canadian healthcare company completed the second and final tranche of the offering, raising C$750,000 through the sale of 1.875 million units at C$0.40 per unit. Combined with the first tranche closed on June 5, the offering totalled 3.125 million units.

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Seeing Machines Ltd's (AIM:SEE, OTC:SEEMF, FRA:M2Z) $31 million expansion, commencing production in the second half of 2026, differs fundamentally from recent wins with new Japanese suppliers.

Stifel analysts believe the existing OEM is likely Volkswagen, expanding across its brand estate, including Audi and Skoda, with implementation via rear-view mirrors to enable rapid deployment.

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Shares in Seeing Machines Ltd (AIM:SEE, OTC:SEEMF, FRA:M2Z), the computer vision company focused on transport safety, rose 7% to 4.54p after it secured a $31 million expansion of an existing automotive production programme with a major European carmaker.

The deal broadens the deployment of the company's Driver and Occupant Monitoring System, technology that uses in-cabin cameras to track driver attention and detect signs of fatigue or distraction, across additional vehicle models.

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London BTC Company Ltd (LSE:BTC, OTCQB:VINZF) has added a third project to its US gold hedge strategy after staking the Teep Gold-Silver Project in Nevada, where due-diligence sampling returned high-grade gold and silver results.

Rock-chip samples collected by Schiehallion Consulting in 2026 included 36.90 grams per tonne gold and 730.8 g/t silver from sample BTCRK008, alongside 27.66 g/t gold and 1,332.5 g/t silver from BTCRK005.

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Victory Metals Ltd (ASX:VTM, OTC:VTYMF, FRA:SJ60) has marked a key development milestone at its North Stanmore Heavy Rare Earth Project in Western Australia, with Federal Resources Minister Madeleine King officially launching the company’s rare earths pilot processing plant in Perth.

The facility has been designed to demonstrate and optimise Victory’s critical minerals extraction process and produce representative mixed rare earth product samples for assessment by potential customers and offtake partners.

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European Lithium Ltd (ASX:EUR, OTCQB:EULIF)’s proposed merger with NASDAQ-listed Critical Metals Corp remains on track, with the company progressing key workstreams toward implementation of the court-approved schemes of arrangement.

EUR entered into a binding Scheme Implementation Deed with Critical Metals in May, under which Critical Metals has agreed to acquire 100% of European Lithium’s issued share capital and all listed options.

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American Rare Earths Ltd (ASX:ARR, OTCQX:ARRNF) (ASX: ARR, OTCQX: ARRNF, ADR: AMRRY) is advancing its drill program at its flagship Halleck Creek rare earths project in Wyoming as it works to define the next phase of development across its US critical minerals portfolio.

The company said the 2026 field season was centred on Halleck Creek, where drilling is underway at the Cowboy State Mine area to support the project’s feasibility study.

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First Graphene Ltd (ASX:FGR, OTCQB:FGPHF) has completed the acquisition of USA-based MITO® Material Solutions, giving the advanced materials company an immediate commercial platform in the US and a broader graphene product portfolio targeting defence, aerospace and other high-growth markets.

The company acquired MITO’s assets, intellectual property, product lines and manufacturing capabilities, including 4 key product lines spanning thermoset, thermoplastic and composite materials, coatings, liquids, resins and nanomaterial additives.

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