In Case You Missed It: Tech deals, dispute settlements and a media deal

Stockhead’s In-Case-You-Missed-It highlights today’s most interesting small cap stories that might have slipped beneath your radar.

Below is a wrap of the top 20 performing stocks, by percentage, that made announcements today.

ICYMI Leader Board

Code Company Price % Today Market Cap CGO CPT Global Limited 0.2 70% $4,922,940 FCT Firstwave Cloud Tech 0.04 33% $51,287,419 MCT Metalicity Limited 0.002 33% $6,727,581 FHS Freehill Mining Ltd. 0.005 25% $11,399,338 VNL Vinyl Group Ltd 0.055 22% $23,153,156 BBX BBX Minerals Ltd 0.024 14% $15,539,093 CAI Calidus Resources 0.205 14% $109,842,661 CGR Cgnresourceslimited 0.18 13% $14,524,511 EVR Ev Resources Ltd 0.01 11% $9,896,295 ICG Inca Minerals Ltd 0.01 11% $5,259,920 ATC Altech Batt Ltd 0.071 11% $105,812,857 HZR Hazer Group Limited 0.69 10% $125,681,669 HAS Hastings Tech Met 0.75 10% $87,969,323 PV1 Provaris Energy Ltd 0.044 10% $23,659,168 GWR GWR Group Ltd 0.091 10% $26,660,982 FCL Fineos Corp Hold PLC 1.94 9% $600,517,405 BRE Brazilian Rare Earth 1.605 9% $89,623,483 POS Poseidon Nick Ltd 0.012 9% $40,848,883 BYH Bryah Resources Ltd 0.013 8% $5,203,287 IRI Integrated Research 0.34 8% $55,001,718

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FirstWave Cloud Tech (ASX:FCT) has secured its first major sale of its Network Management Information System (NMIS) platform as part of an expanded reseller deal with Mexico’s largest telecommunications group, Telmex.

Metalicity (ASX:MCT) has executed formal agreements and settled all disputes with Nex Metals Exploration (ASX:NME) regarding the Kookynie and Yundamindra gold joint venture – and will now hold 80% of the JV, up from 51%.

Formerly Jaxsta, the world’s largest dedicated database of official music credits Vinyl Group (ASX:VNL) has inked a more than $10 million deal to acquire The Brag Media, publisher of iconic Rolling Stone in Australia and New Zealand.

As of tomorrow BBX Minerals (ASX:BBX) will change its name to Brazilian Critical Minerals with the ASX ticker BCM to reflect its exploration focus on gold-PGM, base metal and Ionic Adsorbed Clay (IAC) Rare Earth Element (REE) deposits in the country.

And Calidus Resources (ASX:CAI) is picking up Novo Resources’ (ASX:NVO) Nullagine gold project in WA for $250,000 in CAI shares and $5m in deferred production milestones payments.

More Top Small Cap Stories: Thursday

Uranium play Norfolk Metals (ASX:NFL) has completed an aggressive 12-hole, Phase 1 drilling campaign at its Orroroo project in South Australia, delineating U3O8 mineralisation with grades of up to 796ppm.

GreenTech Metals (ASX:GRE) has completed its maiden diamond drilling campaign at the Osborne JV in WA’s West Pilbara region.

Krakatoa Resources (ASX:KTA) says Phase 2 exploration at its King Tamba lithium project in WA’s Mid West is 75% complete – and so far has drilled into multiple pegmatites with thick intersections up to 39m in width downhole.

Galan Lithium (ASX:GLN) says construction of Pond 1 at its Hombre Muerto West lithium brine project in Argentina is 85% complete, with the company remaining on track for lithium chloride production in H1 2025.

Altech Batteries’ (ASX:ATC) Definitive Feasibility Study (DFS) for an 8,000tpa (120 GWh) alumina-coated metallurgical silicon plant in Saxony, Germany has returned impressive economics including capital investment of €112m, a net present value of €684m, and net cash of €105m per annum – plus the internal rate of return (IRR) is estimated at 34%, with investment capital paid back in 2.4 years and total revenue estimated at €328 million per annum.

Poseidon Nickel (ASX:POS) has entered into a farm-in agreement with unlisted Mantis Resources to earn into two tenements that host outcropping lithium-bearing pegmatites near Poseidon’s Lake Johnston project in WA.

Strategic Elements’ (ASX:SOR) lead innovator of its Energy Ink technology at UNSW, Professor Dewei Chu, has been awarded an Australian Research Council (ARC) Industry Fellowship for mid-career researchers – plus $1.02m to fund the project.

Reach Resources (ASX:RR1) has found multiple new niobium and Rare Earth Elements (REE) targets at its Wabli Creek project in WA following an external review on soil assay results.

Ionic Rare Earths (ASX:IXR) says its magnet recycling demonstration plant in Belfast, UK, is on track for 24/7 operations from early January 2024.

New World Resources (ASX:NWC) has nabbed drilling approval to test multiple VMS targets along strike from its Antler Copper project in Arizona, USA.

And ADX Energy’s (ASX:ADX) share purchase plan at A$0.16 per share has raised $1.578m to fund its share of the Giant Welchau Gas Prospect where well site construction has begun and drilling is expected to commence drilling in late January 2024.

At Stockhead we tell it like it is. While Norfolk Metals, Greentech Metals, Krakatoa Resources, Strategic Elements, Reach Resources, Ionic Rare Earths, Altech Batteries, New World Resources, Galan Lithium, Poseidon Nickel, Metalicity and ADX Energy are Stockhead advertisers, they did not sponsor this article.

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