Here's a look at some of the small-cap companies making news this Tuesday.
FireFly Metals has jumped 7% after making a significant exploration discovery at its Green Bay Copper-Gold Project in Newfoundland, Canada, where the first drilling program at the Mount Joy prospect has uncovered a new copper-gold volcanogenic massive sulphide system.
The company is now working towards an updated Mineral Resource Estimate and Feasibility Study in the coming quarter, ahead of a Final Investment Decision expected in mid-2027.
Janus Electric has climbed more than 12% after securing a A$3.1 million repeat order from US customer King Fio Trucking for another six electric truck conversions, doubling the customer's commitment to 12 trucks.
The latest order takes Janus' North American order book to 124 trucks with a total value of about A$64.6 million, although the order remains conditional on approval of California incentives.
Lumos Diagnostics has reported further commercial growth for its FebriDx respiratory test, which is now live at 265 sites across the United States, up from 215 in September, with another 485 sites currently evaluating the product.
First-quarter product revenue increased 224%, while FebriDx sales rose 351%.
Axel REE has produced its first mixed rare earth carbonate from laboratory column leach testwork on material from the Woolrich deposit in Brazil, with the product grading up to 54.4% total rare earth oxides.
The result was achieved without a dedicated impurity-removal stage, which the company says could simplify the processing flowsheet, with a controlled field test now planned as the next step.
And Aruma Resources has acquired a 90% interest in a claim adjoining its Tillex Copper-Silver Project in Canada, extending the prospective target trend to around 3.2 kilometres.
Drilling across the newly acquired area is planned as a near-term exploration priority.
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