Small Cap Breaking News You Can’t Miss!
Here’s a quick rundown of the latest updates from standout small-cap companies making big moves today:
Power Metallic Mines Inc. (TSXV: PNPN) (OTCMKTS: PNPNF)CEO Terry Lynch pointed to drill intercepts exceeding 10% copper equivalent at the Nisk Nickel Sulfide Project in Quebec, with the Lion Zone continuing to grow. A maiden Mineral Resource Estimate is expected this summer, followed by a Preliminary Economic Assessment targeted for Q4. Metallurgical testing shows copper recoveries near 95–99%, and management is evaluating a potential U.S. listing as it advances the project.
Aurion Resources Ltd. (TSXV: AU) (OTCQX: AIRRF)Agnico Eagle Mines Limited (TSX: AEM) (NYSE: AEM) has agreed to acquire Aurion in an all-cash transaction valued at approximately C$481 million, offering C$2.60 per share, a 46% premium to the April 17 closing price. The acquisition expands Agnico’s footprint in Finland’s Central Lapland Greenstone Belt, where Aurion controls roughly 761 square kilometres of ground. Closing is expected in early Q3 2026, subject to approvals.
New Found Gold Corp. (TSXV: NFG) (NYSE American: NFGC)New Found Gold secured a $205 million financing package to advance its Queensway Gold Project in Newfoundland. The package includes a $100 million bought deal equity financing at $2.96 per share and a $105 million senior secured credit facility at 8.75% fixed for three years. The funding replaces a prior term sheet and supports initial capital expenditures for Phase I development.
Revival Gold Inc. (TSXV: RVG) (OTCQX: RVLGF)Initial results from the Joss area at the Beartrack-Arnett Project in Idaho returned 6.4 g/t gold over 19.1 metres, within a broader 5.4 g/t interval over 32.6 metres in a 100-metre step-out hole. Two additional holes have intersected the target structure, with assays pending. The 2026 drill program has been expanded to 4,900 metres with two rigs active, as the high-grade underground target now extends more than 1.2 kilometres along strike and 700 metres vertically.
Bottom Line: Today’s headlines highlight strong momentum across the small-cap resource sector, from high-grade drill results and strategic acquisitions to fully funded development plans. Exploration, M&A activity, and capital markets support remain front and center.
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