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:Quantum BioPharma Ltd. (NASDAQ: QNTM) (CSE: QNTM) (FRA: 0K91)Quantum BioPharma received U.S. FDA clearance of its Investigational New Drug application for Lucid-MS, allowing the company to launch a randomized, double-blind, placebo-controlled Phase 2 trial in progressive multiple sclerosis. Lucid-MS is a first-in-class, non-immunomodulatory candidate targeting demyelination, a market projected to reach roughly US$38.6 billion by 2030. For investors, FDA sign-off de-risks the program and marks the first time MS patients will receive the molecule.Zentek Ltd. (TSXV: ZEN) (NASDAQ: ZTEK)Zentek released a new Preliminary Economic Assessment for its Albany Graphite Project in Ontario, showing a US$3.85 billion after-tax NPV at a 5% discount rate, a 27.4% after-tax IRR and a 4.4-year payback. The study is built on an acid-free thermal route to 99.9992% purity graphite aimed at nuclear and defence supply chains, with initial capital of US$817 million. The scale of the economics repositions Zentek as a critical-minerals developer.Sitka Gold Corp. (TSXV: SIG) (FSE: 1RF) (OTCQX: SITKF)Sitka drilled 218.6 metres of 1.25 g/t gold, including 44.4 metres of 3.86 g/t gold, plus a second interval of 92.7 metres of 1.14 g/t gold in a single hole at its RC Gold Project, Yukon. A separate step-out extended mineralization 150 metres east of the current resource, which stands at 1.29 million ounces indicated and 3.83 million ounces inferred. The results support continued expansion of the wide-open Blackjack deposit.
White Gold Corp. (TSXV: WGO) (OTCQX: WHGOF) (FSE: 29W)White Gold reported a maiden Preliminary Economic Assessment for its flagship Yukon project with a C$1.9 billion after-tax NPV, a 38% after-tax IRR and a 1.7-year payback at US$3,600/oz gold. The plan outlines a 9.4-year open pit producing an average of 188,000 ounces per year, rising to C$3 billion NPV and 52% IRR at US$4,500/oz. Backed by major shareholder Agnico Eagle, the study uses only about 60% of current resource ounces, leaving room to grow.Max Power Mining Corp. (CSE: MAXX) (OTC: MAXXF) (FSE: 89N)Max Power secured a $10 million strategic investment from Eric Sprott at $2.50 per unit, with warrants exercisable at $3.25. Proceeds will fund the ongoing commercial validation drill program at its Lawson natural hydrogen discovery in Saskatchewan, Canada's first confirmed subsurface natural hydrogen system. Sprott's backing, lifting his stake to about 19.5%, is a strong vote of confidence in the emerging hydrogen play.CanCambria Energy Corp. (TSXV: CCEC) (FSE: 4JH) (OTCQB: CCEYF)CanCambria's updated independent contingent resource evaluation for its Kiskunhalas deep gas project in southern Hungary lifted the NPV10 by 16% to US$2.04 billion, driven by stronger European natural gas prices. The best-estimate 2C development-pending resource stands at 571.9 Bcf of gas and 59.6 million barrels of condensate, with first production targeted for mid-2027. The revision highlights the project's leverage to Europe's push for secure domestic energy.
Sterling Metals Corp. (TSXV: SAG) (OTCQB: SAGGF)Sterling extended high-grade copper east at its Soo Copper Project in Ontario, with hole SC-26-13 returning 445 metres of 0.40% copper equivalent, including 203.1 metres of 0.51% CuEq and higher-grade hits of 16.25 metres at 2.31% CuEq and 9.50 metres at 2.34% CuEq. The near-surface system now traces over one kilometre and remains open. With copper named a Canadian strategic asset, the growing scale strengthens the project's national relevance.Goliath Resources Limited (TSX-V: GOT) (OTCQX: GOTRF) (FSE: B4IF)Goliath reported up to 9.87 g/t gold over 5.00 metres, including 65.65 g/t over 0.75 metres, and confirmed a 320-metre northeast expansion of its Golden Gate Zone at the Surebet discovery in B.C.'s Golden Triangle. =
