Small cap wrap: Midnight Sun Mining, MustGrow Biologics, Candel Therapeutics, HIVE...

GameStop Corp (NYSE:GME) has jumped headfirst into crypto, revealing on Wednesday that it bought 4,710 Bitcoin — a stash worth roughly $513 million at current prices.

The video game retailer didn’t say when it made the purchase, what it paid, or whether the move happened all at once or in stages. But the investment comes just a couple of months after GameStop updated its corporate policy in March to allow for cryptocurrency holdings.

First Phosphate Corp. (CSE:PHOS, OTCQB:FRSPF) announced that it has raised approximately $2.4 million through a non-brokered private placement.

First Phosphate issued 4.4 million Flow-Through Shares for gross proceeds of $1.8 million and 1.8 million Hard Dollar Units, comprising 1.8 million shares and 895,000 warrants, for gross proceeds of $600,000.

Abercrombie & Fitch (NYSE:ANF) shares popped after the clothing retailer posted record first quarter sales of $1.1 billion, led by growth in its Hollister brand.

First quarter sales were up 8% from the year-ago quarter, as Hollister sales jumped 22% to approximately $549 million.

Candel Therapeutics Inc (NASDAQ:CADL) said on Wednesday the US Food and Drug Administration has granted Regenerative Medicine Advanced Therapy (RMAT) designation to its lead immunotherapy candidate, CAN-2409, for the treatment of newly diagnosed localized prostate cancer in patients with intermediate- to high-risk disease.

The RMAT designation is intended to expedite the development and review of regenerative therapies for serious conditions where preliminary evidence suggests the drug may address unmet medical needs.

North Bay Resources Inc. (OTC:NBRI) has announced the final acceptance and settlement of the company’s second and third gold concentrate test shipments from its Fran Gold Project in British Columbia, which were processed at its Bishop Gold Mill.

In April 2025, gold concentrate shipments totaling 667 wet pounds were delivered to Just Refiners in Reno, Nevada, the company’s refinery partner.

Midnight Sun Mining Corp (TSX-V:MMA, OTCQB:MDNGF) said it has signed an earn-in and operating agreement with Zambezi Mint Investment Limited for the Luswishi Dome project, expanding its presence in Zambia’s copper-rich Domes region.

The 366 square kilometre project is located about 40 kilometres southeast of Midnight Sun’s flagship Solwezi project and lies in a region known for hosting major copper deposits, including Barrick’s Lumwana Mine, First Quantum’s Kansanshi and Sentinel Mines, and Ivanhoe Mines’ Kamoa-Kakula.

MustGrow Biologics Corp. (TSX-V:MGRO, OTCQB:MGROF) has reported first quarter revenue of $3.8 million, a record for the company.

The developer of regenerative farming solutions posted a gross profit for the quarter of over $541,000 at a 14.3% gross margin.

Thor Explorations Ltd (TSX-V:THX, AIM:THX, OTC:THXPF) has reported a strong first quarter performance, driven by continued cost discipline and gold prices.

The miner revenue of US$64 million for the first quarter of 2025, selling 22,750 ounces of gold at an average price of US$2,720 per ounce.

ANGLE PLC (AIM:AGL, OTCQX:ANPCY) said it is in active discussions over multiple large-scale commercial opportunities with pharmaceutical and diagnostics companies, as it continues to build momentum in the liquid biopsy market.

The AIM-listed group, which develops blood tests to detect and monitor cancer by analysing circulating tumour cells (CTCs), said the timing of these potential deals remains uncertain, and tends to be 'binary in nature', but noted they could deliver growth beyond the modest increase expected for 2025.

Genflow Biosciences PLC (LSE:GENF, OTCQB:GENFF) has signed a long-term agreement with its Belgian research partner CER Groupe to support the development of its gene therapy programmes aimed at tackling ageing.

The Master Service Agreement sets out a framework for how the two companies will work together, expanding on a partnership that has already been running informally for several years.

American Rare Earths Ltd (ASX:ARR, OTCQB:ARRNF) has completed the installation of 10 groundwater monitoring wells at its Cowboy State Mine, part of the Halleck Creek Rare Earths Project in Wyoming, marking a major advancement in its permitting process. The company is advancing one of the largest and most strategically significant rare earth projects in the United States.

Through this milestone, the company can begin baseline environmental data collection—critical to securing a mining permit under the Wyoming Department of Environmental Quality (WDEQ). Located on State-managed land, the project benefits from a simplified regulatory framework compared to federal projects, which helps streamline the path toward production, targeted for as early as 2029.