Power Metallic Mines Inc (TSX-V:PNPN, FRA:IVV1, OTCQB:PNPNF) is well-positioned for a series of development and exploration catalysts in the second half of 2026, according to Noble Capital Markets, which maintained its ‘Outperform’ rating on the company.
The analysts also maintained their US$2.65 price target on the company, which traded hands at about $0.73 on Thursday afternoon.
Century Lithium Corp. (TSX-V:LCE, OTCQX:CYDVF) has retained its Outperform rating from Noble Capital Markets, which pointed to the successful conversion of lithium carbonate from the company's Angel Island project in Nevada into high-purity lithium metal and battery cells.
According to Noble, the lithium carbonate was processed into high-purity lithium metal by Alpha-En Corporation using its proprietary extraction and electrodeposition technology, then incorporated into cylindrical battery cells manufactured by EaglePicher Technologies.
AtaiBeckley Inc. (NASDAQ:ATAI, XETRA:9VC) has agreed to be acquired by Eli Lilly and Co (NYSE:LLY) in a transaction valued at up to approximately $3.8 billion, with the deal adding the clinical-stage biotechnology company's pipeline of investigational therapies for treatment-resistant depression and other mental health conditions to Lilly's neuroscience portfolio.
Under the terms of the agreement, Lilly will pay $6.75 per share in cash at closing, representing an aggregate equity value of about $2.8 billion.
American Resources Corp (NASDAQ:AREC) said its majority-owned subsidiary, Electrified Materials Corporation (EMCO), has completed its previously announced private placement, raising approximately $9.5 million in gross proceeds before fees and expenses.
The offering consisted of 378,200 shares of EMCO's Series A Convertible Preferred Stock, priced at $25 per share.
Trillion Energy International Inc. (CSE:TCF, OTCQB:TRLEF, FRA:Z620) has finalized plans for a new 40-kilometre 2D seismic survey on its M47c,d oil block in southeastern Türkiye, with acquisition targeted for late summer 2026.
The program covers three priority exploration areas: the South Lead along the southeastern boundary, and the North field discovery area, which includes the area around the Çetinkaya-1 and Çetinkaya-2 wells.
Reconnaissance Energy Africa Ltd (TSX-V:RECO, OTCQX:RECAF, FRA:0XD) reported preliminary production testing results from its Kavango West 1X discovery well in Namibia, saying it successfully produced hydrocarbons to the surface from the Elandshoek formation and has now begun preparations to test the overlying Huttenberg formation.
The company said testing of the three lowest zones in the Elandshoek formation, which began on June 8, produced natural gas to the surface during three separate flow tests in the uppermost zone.
Montero Mining and Exploration Ltd (TSX-V:MON, OTC:MXTRF) said on Thursday it has completed drillhole MON-ELV-02 to a final depth of 625.25 metres at its Elvira gold project in northern Chile, the first hole finished under the company's 2026 drill program.
The hole, a successful redrill of the original MON-ELV-01 target, tested high-priority exploration targets defined through geological, geochemical and geophysical interpretation, including AI and machine-learning-assisted data integration.
374Water Inc (NASDAQ:SCWO, FRA:8LL) has signed a memorandum of understanding with Arcadis to jointly pursue federal and commercial contracts for the destruction of PFAS-contaminated waste streams, including aqueous film-forming foam (AFFF).
The companies said the collaboration is aimed at developing turnkey PFAS destruction solutions that combine waste characterization, regulatory support, permitting, transportation, treatment operations and permanent destruction using 374Water's AirSCWO technology.
Medicus Pharma (NASDAQ:MDCX) said it has received US FDA feedback and central Institutional Review Board approval for its optimized Phase 2 study of Teverelix in men following a first episode of acute urinary retention.
The redesigned study, designated ANT-2111-02, is expected to enroll approximately 126 patients across the United States and Europe, down from roughly 390 patients contemplated under the company's previously disclosed development plan.
Thor Explorations Ltd (TSX-V:THX, AIM:THX, OTC:THXPF, FRA:T2X) maintained its full-year production and cost guidance after producing 19,153 ounces of gold from its Segilola mine in Nigeria during the second quarter.
The AIM-listed miner sold 17,050 ounces at an average realised price of US$4,535 per ounce, generating quarterly revenue of US$77.3 million. First-half production reached 39,409 ounces.