US stocks finished mixed on Wednesday as a jump in oil prices fueled inflation concerns and weighed on investor sentiment.
The Nasdaq gained 52 points, or 0.2%, to finish at 25,871. The Dow fell 577 points, or 1.1%, to 52,348, while the S&P 500 declined 21 points, or 0.3%, ending at 7,483.
FuelCell Energy (NASDAQ:FCEL) shares declined on Wednesday after the company priced an upsized public offering of common stock, raising concerns among investors over potential dilution.
The stock fell 15% to $22.04 following the announcement that FuelCell priced an offering of 10.7 million newly issued shares at $21 per share. The offering price represented a discount to the company’s previous closing price of $25.96.
Millennial Potash Corp (TSX-V:MLP, OTCQB:MLPNF, FRA:XOD) announced that Gabon's Minister of Mines and Geological Resources, Sosthene Nguema Nguema, led a government delegation on a field visit to the company's Banio Potash Project on July 5 and 6, where officials reiterated government support for the project and discussed infrastructure development.
The delegation also included the Director General of Geology and Mining Support, the Director General of Mining Exploitation, Nyanga Province Governor Jean Robert Mabobet and other local government officials.
OKYO Pharma Ltd (NASDAQ:OKYO) announced that it has received positive feedback from a US Food and Drug Administration Type D meeting that supports advancing its investigational therapy urcosimod into a global Phase 3 pivotal trial for neuropathic corneal pain (NCP).
The clinical-stage biotechnology company said the FDA aligned with its proposed single-dose Phase 3 study design and provided feedback that could support a potential single-trial registration pathway, subject to successful study results and continued agency review.
Graphene Manufacturing Group Ltd (TSX-V:GMG, OTCQX:GMGMF) announced that its board has approved A$1.2 million in capital expenditure to advance the next stage of design, engineering and long-lead procurement for its planned next-generation graphene manufacturing facility.
The company said the funding will support feasibility-level design, engineering work and procurement activities for its planned "Fulcrum" facility, which will be located at a newly leased warehouse in Richlands, Australia, near its existing headquarters and Gen 2.0 production plant.
Royal Road Minerals Ltd (TSX-V:RYR, OTC:RRDMF, FRA:RLU) said it has entered into an agreement to raise up to C$10 million through an offering of ordinary shares.
The offering will see up to 50 million shares sold at C$0.20 apiece under a commercially reasonable efforts arrangement.
Sovereign Metals Ltd (ASX:SVM, OTCQX:SVMLF, AIM:SVML, FRA:SVM) told investors it will keep direct control of the Kasiya rutile-graphite project in Malawi and sharpen its US critical minerals strategy after Rio Tinto declined an option to become project operator.
Rio Tinto told Sovereign the decision reflected a change in corporate strategy and a strategic review of its iron and titanium business.
Greatland Resources Ltd (AIM:GGP, OTC:GRLGF, FRA:G8G, ASX:GGP) has strengthened its executive team with the appointment of experienced mining engineer Nick Strong as chief operating officer, putting him in charge of operations at Telfer and Havieron from 5 October 2026.
Strong brings more than 25 years of operational and leadership experience across the mining industry, mainly in gold and base metals, with previous roles at Northern Star Resources, Rio Tinto and Newcrest Mining.
Itaconix PLC (AIM:ITX, OTCQB:ITXXF, FRA:18G0), the maker of plant-based specialty polymers used in homecare products, has extended its collaboration with Bonals Technologies until December 2028.
The two companies are working to speed the introduction of plastic-free unit-dose detergent tablets in the United States and Canada.
EV Resources Ltd (ASX:EVR, OTC:EVRSF, FRA:R1EA) has strengthened both sides of its antimony strategy, defining new exploration targets in Nevada while advancing a near-term production pathway at its Tecomatlán processing plant in Mexico.
The company has outlined a 10-to-12-month timeline to complete and operate a direct-to-flotation circuit at Tecomatlán using third-party ore, while maiden soil geochemistry at its 100%-owned Milton and Dollar projects in Nevada has identified structurally controlled antimony-gold and polymetallic mineral corridors.
Sovereign Metals Ltd (ASX:SVM, OTCQX:SVMLF, AIM:SVML, FRA:SVM) is prioritising a US-focused critical minerals strategy and advancing commercial and financing workstreams for its Kasiya Rutile-Graphite Project in Malawi.
The company is aiming to supply natural rutile and natural graphite to US and allied supply chains and to address gaps in secure, non-Chinese sources of critical-minerals feedstock.
Greatland Resources Ltd (AIM:GGP, OTC:GRLGF, FRA:G8G, ASX:GGP) has strengthened its executive leadership team with the appointment of experienced mining engineer Nick Strong as chief operating officer, as the company advances its integrated Telfer-Havieron mining hub in Western Australia.
Strong will join Greatland on October 5, 2026, taking responsibility for Telfer and Havieron operations, including oversight of the brownfield Havieron underground mining development.