Small-cap stocks update: Ocean Power Technologies, Alvopetro Energy, Power Metallic Mines, Excellon Resources, and others make headlines with new agreements and appointments.

Ocean Power Technologies has signed a Master Services Agreement with Unique Group in the UAE, expanding their existing partnership. Power Metallic Mines has appointed Seamus O'Regan, Canada's former Minister of Energy & Natural Resources, to its board of directors. Excellon Resources has announced a brokered private placement of up to 40 million common shares. Reconnaissance Energy Africa has filed its second quarter results and provided an update on its ongoing exploration program in Namibia. Alvopetro Energy has announced initial production results from its 183-D4 Murucututu well in Brazil. Orosur Mining has reported further assay results from its infill drilling campaign at the Pepas prospect within the Anzá gold project in Colombia. Filtronic has won a £47.3 million order from Elon Musk's SpaceX for its proprietary gallium nitride (GaN) E-band product.

Ocean Power Technologies (NYSE American: OPTT) has signed a Master Services Agreement (MSA) with Unique Group, expanding their existing partnership in the UAE. The MSA positions Unique Group as OPT's exclusive non-defense WAM-V® unmanned surface vehicle (USV) partner in the UAE [1]. Key aspects of the agreement include the immediate lease of one OPT WAM-V 22 USV, revenue sharing, purchase options, joint expansion of regional fleet capacity, and the establishment of a dedicated Maintenance, Repair, and Overhaul (MRO) hub in the UAE. This strategic collaboration aims to accelerate WAM-V deployments, scale recurring lease income, and reduce operational risks and costs [1].

Power Metallic Mines (OTCBB: PNPNF) has appointed Seamus O'Regan, Canada's former Minister of Energy & Natural Resources, to its board of directors. O'Regan brings extensive experience in government affairs, particularly in critical minerals and Indigenous services [2]. The company is advancing its Nisk polymetallic discovery in Nemaska, Quebec, which aims to become the world's first carbon-neutral polymetallic mine. The project focuses on critical minerals including Copper, Platinum, Palladium, Gold, Silver, and Nickel [2].

Excellon Resources Inc. (TSXV: EXN) has announced a brokered private placement of up to 40 million common shares. The company will use the net proceeds of the offering to advance the development of the Mallay Mine, working capital, and general corporate purposes [3]. The offering is subject to compliance with applicable regulatory requirements and will be offered for sale to purchasers resident in all of the provinces of Canada, other than Québec, pursuant to the listed issuer financing exemption under NI 45-106 [3].

References:
[1] https://www.stocktitan.net/news/OPTT/ocean-power-technologies-accelerates-uae-growth-strategy-through-2z42p8udbak3.html
[2] https://www.stocktitan.net/news/PNPNF/power-metallic-appoints-retired-federal-minister-seamus-o-regan-to-hzm1zpa2y9v9.html
[3] https://www.juniorminingnetwork.com/junior-miner-news/press-releases/506-tsx-venture/exn/186082-excellon-announces-brokered-private-placement-of-common-shares-for-gross-proceeds-of-up-to-c-8-million.html