Small cap wrap: Standard Uranium, Sona Nanotech, Weight Watchers...

Accsys Technologies Plc (LSE:AXS, AEX:AXS, OTC:ACSYF) is at what Panmure Liberum describes as a clear inflexion point, with the company now equipped to deliver on its long-term growth potential.

The sustainable wood specialist is backed by rising demand for climate-conscious construction materials, a fully operational US plant, and a sharpened commercial strategy. 

Weight Watchers International (NASDAQ:WW) shares plunged 43% to $0.45 as it struck a deal for a "pre-packaged" Chapter 11 bankruptcy, aiming to clear $1.15 billion of debt off its balance sheet.

The company, officially known as WW International, has cut a deal with a group of lenders and bondholders holding around 72% of its debt, with the process expected to zip through the courts in around 45 days.

Sona Nanotech Inc (CSE:SONA, OTCQB:SNANF) is joining forces with BioVaxys Technology Corp. (CSE:BIOV, OTCQB:BVAXF) to explore a new approach to cancer treatment.

The two companies are collaborating on research that brings together Sona’s Targeted Hyperthermia Therapy (THT) and BioVaxys’ DPX Immune Educating Platform, with the goal of developing a next-generation cancer therapy.

Standard Uranium Ltd (TSX-V:STND, OTCQB:STTDF) has generated multiple new priority drill targets and confirmed uranium mineralization from its 2024 drill campaign at its Sun Dog project in northern Saskatchewan.

The firm completed a high-resolution ground gravity survey across three target areas covering the Wishbone, McNie, and Armbruster South target zones and identified several high-priority drill targets, according to a statement from Standard Uranium.

I could not be more pleased with the initial results from this latest production test - CEO Colin Harrington

Zephyr Energy PLC (AIM:ZPHR, OTCQB:ZPHRF) has reported strong early results from a production test at its State 36 2R well in Utah, delivering a peak rate of nearly 2,850 barrels of oil equivalent per day without the need for fracture stimulation.

Terra Metals Ltd has exercised its option to acquire 100% of HRM Exploration Pty Ltd, nearly doubling its landholding in Western Australia’s West Musgrave region as it continues to expand its flagship Dante polymetallic project.

The strategic acquisition adds four exploration licenses covering 618 square kilometres, contiguous with the Dante Project, significantly enhancing the company’s presence in the highly prospective Jameson Layered Intrusion – geologically analogous to South Africa’s Bushveld Complex.

Latrobe Magnesium Ltd has raised $1.65 million through a successful share purchase plan (SPP), bolstering the company’s efforts to bring its unique magnesium demonstration plant into production.

The oversubscribed SPP, which closed on May 2, raised $836,800 through the issue of 76,072,670 shares at $0.011 per share, with the new shares to be issued on May 12. It follows the company’s $2.75 million institutional placement completed in April and is part of a broader $6.3 million funding package.

FireFly Metals Ltd has reported strong extensional drilling results at its Green Bay Copper-Gold Project in Newfoundland, Canada, with mineralisation intersected more than 200 metres beyond the current Mineral Resource. 

The Green Bay Project hosts a substantial Mineral Resource, with 24.4 million tonnes at 1.9% copper equivalent (CuEq) classified as Measured and Indicated, and a further 34.5 million tonnes at 2.0% CuEq in the Inferred category.