Weekly Market Roundup
HydroGraph Clean Power Upsizes Bought Deal to C$61.2M as Two More Battery Material Stocks Report Fresh Updates
A graphene producer that reported just $43,000 in revenue last year upsized a stock offering to C$61.2 million this week, and investors sold the stock anyway. A graphite miner got picked by the Canadian government to represent the country in a battery testing program with Japan. And a lithium company reported a quarterly net loss…
QuantumCore Closes C$4.69M Financing With US Investor, Plus Another Small-Cap Tech Move
QuantumCore doesn’t build quantum computers. It builds the cryogenic chips that let quantum computers actually talk to the outside world, and a US investor just backed that bet with enough new capital to upsize the round mid-raise. Across the country, a fintech company that has spent years turning a struggling China lending business into something…
OmniAb Jumps 13% on Eli Lilly Ion Channel Collaboration
OmniAb landed a partner with deep pockets on Monday. Acurx Pharmaceuticals landed something smaller but just as telling: a brand name regulators are willing to put on a drug label. Neither event is an approval. Both moved the stock like one. OmniAb Jumps 13% on Eli Lilly Collaboration Worth Up to $370 Million OmniAb (Nasdaq:…
Good Data, Bad Reaction: NeOnc Technologies This Week, Plus FOBI AI’s Return From a Trading Halt
A brain cancer drug beat its historical benchmark by nearly two and a half times, with a p-value most drugs never see, and the stock popped 19% before the open and closed down anyway on 20 times normal volume. A company that had been frozen out of trading for a missed filing came back to…
Three Juniors Report Results: Namibia, New Brunswick, Nevada
A single drill hole running 831 metres is longer than most projects’ entire resource pit. This week one company reported exactly that, and the grades got better as the hole went deeper, not worse. Two smaller stories landed the same week, one a brand new discovery on the other side of the world, the other…
Securitize Stock Falls 20% After First Earnings Report as Public Company
A tokenization company just posted its first earnings report as a public company, and Wall Street didn’t like the math. Shares fell more than 20% in a single after-hours session, erasing a solid gain from earlier the same day. The same week, U.S. regulators quietly cleared the path for one of the world’s largest asset…
First Phosphate Elevates ADR Listing to Nasdaq Global Market as Two Clean Energy Stocks Diverge on Fresh Disclosures
A Quebec phosphate developer just added a major U.S. exchange to its growing list of listings, the fourth market where its shares now trade. A thermal energy storage company just shrank its share count for the third time in seven months to keep its stock above a dollar. And a Texas solar manufacturer beat Wall…
Quantum Computing Inc. Revenue Surges to $5.6 Million, Plus Another Tech Stock Move
Quantum Computing Inc. booked $61,000 in revenue a year ago. It just reported $5.6 million for the same quarter this year, alongside a $73.1 million acquisition it completed without pausing to catch its breath. A France-based software company that helps construction firms manage tender bids just went public through the shell of a company that…
Faeth Therapeutics Jumps 18% as Cash Grows to $186 Million
Faeth Therapeutics and Veru posted double-digit stock gains on the same Monday, for reasons that had nothing to do with each other. Faeth used its quarterly numbers to show it is sitting on nine times the cash it had six months ago. Veru used its own earnings call to confirm a trial enrolled faster than…
Founders Metals Drills One of Its Strongest Holes Yet at Antino
Wheaton Precious Metals, IAMGOLD, Torex, and Artemis Gold all reported record quarterly production, cash flow, or earnings this week, the kind of results that come from years of infrastructure and ounces already in the ground. A tiny explorer in Suriname does not have any of that yet. What it does have, as of this week,…
