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Breaking news and real-time updates from the ASX small-cap market

Weekly Wrap: market steps back from the brink with a rise

Australian Dairy Nutritionals Targets China Growth after Future Brand Powder Sales Lift
Australian Dairy Nutritionals sees Future powder sales lift in China; March quarter revenue $1.4m, powders up 20%, China target 1,000 stores by FY26.

Ava Risk Group Advances Australian Security Contracts as Hale Capital Invests $7m
Ava Risk Group secures $7m Hale Capital investment to fund US expansion, boosts Home Affairs contracts and Telstra tie-ups, with FY26 guidance intact.

LTR Pharma Unveils Strong SPONTAN Data and Dual US Strategy
LTR Pharma reports SPONTAN PK: 5 mg intranasal Tmax 10 min vs 60 min oral; FDA 505(b)(2) pathway; dual US strategy; $24.1m cash, 2026 milestones

Bison Resources Targets Carlin Trend Discoveries after Impressive ASX Debut
Bison Resources follows its strong ASX debut with a $5.5m IPO funds a Carlin Trend exploration push across four Nevada projects.

NH3 Clean Energy Strengthens Financing Case with Strong Public Benefits Forecast for WAH2 Clean Ammonia Project
NH3 Clean Energy (ASX: NH3) wins financing bid for WAH2 as ACIL Allen flags BCR 3.07, A$7.3b GDP boost; FID targeted by end-2026

Austral Resources Completes Lady Loretta Acquisition to Finalise North-West Queensland Copper Strategy
Austral Resources completes Lady Loretta acquisition, debt-free with ~$83m cash as Anthill and Flying Horse advance its NW Queensland copper strategy. ASX: AR1

Resolution Minerals Builds US Critical Minerals Momentum at Horse Heaven
Resolution Minerals advances US Horse Heaven with high-grade Antimony Ridge results; FAST-41 support, $20m placement, NASDAQ ADR plan.

BPH Energy Strengthens Funding Base Ahead of PEP-11 Court Decision
BPH Energy raises $1.2m+ via placement, $0.54m via options; cash rises to $3.59m as PEP-11 court decision on Advent Energy looms amid portfolio progress.

The Calmer Co Hits Record March Sales as US Revenue Momentum Builds
The Calmer Co hits record March sales of $1.2m as US revenue momentum builds; US sales up 11% QoQ to $1.15m (59% of group) and wholesale +78%.

Betr Entertainment Reaffirms Earnings Targets as Net Win Margin Rebounds
Betr Entertainment Q3 FY26 net win margin hits 10% as net win rises to $38.2m; earnings targets reaffirmed amid cash outflows and buyback.

Finder Energy Launches A$30m Equity Raise to Fast-Track KTJ Project
Finder Energy launches ~A$30m equity raise to fast-track KTJ; aims FID by mid-2026 and first oil by late 2027/early 2028; price A$0.50 per share.