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:Draganfly Incorporated (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8)Draganfly and F4 Defense International have been selected by the DEVCOM Army Research Laboratory to develop a modular, multi-layered counter-drone system for the Department of War. The platform combines tethered aerial intelligence, AI-enabled targeting, and coordinated ground and air defeat capabilities designed for rapid deployment in contested operational environments. This contract expands Draganfly's defense presence in the global Counter-UAS market projected to exceed US$20 billion by 2030.New Age Metals Incorporated (TSX.V: NAM) (OTCQB: NMTLF) (FSE: P7J)New Age Metals is advancing the next phase of PLATSOL metallurgical testwork at its River Valley Platinum Group Metals Project in Ontario, building on proof-of-concept results showing palladium recoveries of up to 93%, platinum of 88%, and gold of 98%. The 6-month program by SGS Canada will optimize processing conditions and evaluate downstream PGM recovery to improve overall project economics. River Valley is one of North America's largest undeveloped primary palladium projects, with a 16-year mine life outlined in its 2023 PEA.Freegold Ventures Limited (TSX: FVL) (OTCQX: FGOVF)Freegold Ventures reported high-grade infill drill results at its Golden Summit Project in Alaska, including 19.2 g/t Au over 24.7 metres and 33.7 g/t Au over 19.5 metres. Higher-grade corridors have now been traced continuously for more than 1.5 km, supporting the scale of a project hosting an Indicated Resource of 17.2 million ounces at 1.24 g/t Au. With six rigs active and a Pre-Feasibility Study advancing, these results continue to build confidence in the project's higher-grade domains.

IMPACT Silver Corp. (TSXV: IPT) (OTCQB: ISVLF)IMPACT Silver delivered record first quarter results for 2026, with revenue nearly tripling to $31.2 million and net income reaching a record $11.3 million. The strong performance at its Zacualpan silver mining camp in Mexico reflects high silver production combined with favorable silver prices and operational efficiency. Since 2006, IMPACT has generated over $352 million in cumulative silver revenue and carries no long-term debt.PharmAla Biotech Holdings Inc. (CSE: MDMA) (OTCQB: MDXXF)PharmAla Biotech has signed a term sheet to license the exclusive U.S. rights to ALA-002, its next-generation non-racemic MDMA therapeutic, to Jupiter Neurosciences (NASDAQ: JUNS) in a transaction valued at over US$100 million through upfront consideration, milestone payments, and royalties. ALA-002 carries FDA Novel Chemical Entity designation and is currently being supplied into U.S. government-sponsored clinical trials for PTSD, including studies by the Department of Veterans Affairs. PharmAla retains all international rights outside the United States, preserving significant additional value potential.Bottom Line: Today's small-cap lineup spans defense innovation, critical metals advancement, high-grade gold discovery, record silver production, and a landmark biotech licensing deal — a strong, diversified day for small-cap investors.Stay ahead of the market — follow AGORACOM for more breaking small-cap news and insights.