NanoViricides (NNVC) – Novel Technology With Broad-Spectrum Antiviral Applications In Development


Monday, July 06, 2026

Robert LeBoyer, Senior Vice President, Equity Research Analyst, Biotechnology, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

We Are Initiating Coverage With An Outperform Rating. NanoViricides has a proprietary technology platform that it has used to formulate antivirals with a unique mechanism of action. These drugs, called nanoviricides, have been designed to carry a peptide sequence that the virus recognizes as a binding site on a host cell, effectively acting as decoys that the virus binds to instead of healthy cells. Once bound to the drug, the virus is trapped and neutralized.

NV-387 Addresses Viral Outbreaks and Pandemic Preparedness. The lead product, NV-387, is in development for MPox, Ebola, and smallpox. A Phase 2a trial evaluating NV-387 for treating MPox in the Democratic Republic of Congo (DRC) is expected to begin treatment in mid-2027, followed by a Phase 2a in Ebola. Initial data is expected to be available toward the end of 2027.


Get the Full Report

Equity Research is available at no cost to Registered users of Channelchek. Not a Member? Click ‘Join’ to join the Channelchek Community. There is no cost to register, and we never collect credit card information.

This Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 

Conduent (CNDT) – Transformation Unlocks Earnings Potential


Monday, July 06, 2026

Michael Kupinski, Director of Research, Equity Research Analyst, Digital, Media & Technology , Noble Capital Markets, Inc.

Jacob Mutchler, Research Associate, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Transportation exit complete. Conduent announced the sale of its Tolling business for $70 million, completing its planned exit from the Transportation segment and substantially finishing management’s portfolio rationalization strategy.

Higher-quality business emerges. The Transportation divestitures simplify Conduent’s operating structure, reduce capital intensity, and sharpen management’s focus on its core Government and Commercial businesses, which we believe should improve long-term earnings quality and free cash flow generation.


Get the Full Report

Equity Research is available at no cost to Registered users of Channelchek. Not a Member? Click ‘Join’ to join the Channelchek Community. There is no cost to register, and we never collect credit card information.

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 

Release – Alliance Resource Partners, L.P. Completes $206 Million Acquisition of Oil & Gas Mineral Interests

ULSA, OKLAHOMA, July 2, 2026 — Alliance Resource Partners, L.P. (NASDAQ: ARLP) (“ARLP”) today announced that it has completed its previously announced acquisition of certain general partner and limited partner interests in AllDale Minerals III, LP and AllDale Minerals IV, LP for approximately $206.2 million, subject to customary post-closing adjustments.


ARLP funded the acquisition using a combination of cash on hand, borrowings under its revolving credit facility, and a new $150.0 million term loan at its wholly owned subsidiary Alliance Minerals, LLC.


Following the acquisition, ARLP now controls approximately 115,680 net royalty acres within its Oil & Gas Royalties segment, including over 44,770 net royalty acres in the Permian Basin. ARLP expects to provide additional commentary regarding the acquisition during its next quarterly earnings conference call.


About Alliance Resource Partners, L.P.

ARLP is a diversified natural resource company that is currently the second largest coal producer in
the eastern United States, supplying reliable, affordable energy domestically and internationally to
major utilities, metallurgical and industrial users. ARLP also generates operating and royalty income
from mineral interests it owns in strategic coal and oil & gas producing regions in the United States.
In addition, ARLP is positioning itself as a reliable energy partner for the future by pursuing
opportunities that support the growth and development of energy-related technologies and
infrastructure.


News, unit prices and additional information about ARLP, including filings with the Securities and Exchange Commission (“SEC”), are available at www.arlp.com. For more information, contact the investor relations department of ARLP at (918) 295-7673 or via email at [email protected].


Investor Relations Contact
Cary P. Marshall
Senior Vice President and Chief Financial Officer
918-295-7673
[email protected]

Release – Kratos Receives Approximate $36 Million Air Defense System Single Award Contract

Primary Logo

July 2, 2026

PDF Version

SAN DIEGO, July 02, 2026 (GLOBE NEWSWIRE) — Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a technology company in the defense, national security and global markets, today announced that it has recently received an approximate $36 million sole-source contract award for a new air defense missile system. Kratos is a recognized industry leader in the rapid engineering, development and production at scale of affordable military-grade hardware, products and systems, including for hypersonic, missile, radar, air defense, directed energy, high-powered microwave, counter unmanned aerial system (C-UAS), chemical, biological, radiological, and nuclear (CBRN), unmanned aerial drone, strategic, and other systems. 

Tom Mills, President of Kratos’ C5ISR Division, said, “Building military-grade hardware on schedule and on budget, hardware that must work every time, is hard, and is also a clear differentiating capability of Kratos. The entire C5ISR team is proud to have been selected for this critical national security program.”

Eric DeMarco, President and CEO of Kratos, said, “Kratos’ air defense related hardware, products, and systems business, both in the United States and internationally, is currently seeing increased demand from numerous customers for multiple systems, platforms and technologies. Over the past several years, Kratos has made significant investments in property, plant, equipment and facilities, which we are continuing as we are laser focused on supporting the United States Department of War and the rebuild and recapitalization of our nation’s defense industrial base.”

Work under this contract award will be performed at a secure Kratos manufacturing facility. Due to security related, competitive and other considerations, no additional information related to this program will be provided.

About Kratos Defense & Security Solutions
Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) is a technology, products, system and software company addressing the defense, national security, and commercial markets. Kratos makes true internally funded research, development, capital and other investments, to rapidly develop, produce and field solutions that address our customers’ mission critical needs and requirements. At Kratos, affordability is a technology, and we seek to utilize proven, leading-edge approaches and technology, not unproven bleeding edge approaches or technology, with Kratos’ approach designed to reduce cost, schedule and risk, enabling us to be first to market with cost effective solutions. We believe that Kratos is known as an innovative disruptive change agent in the industry, a company that is an expert in designing products and systems up front for successful rapid, large quantity, low-cost future manufacturing which is a value-add competitive differentiator for our large traditional prime system integrator partners and also to our government and commercial customers. Kratos intends to pursue program and contract opportunities as the prime or lead contractor when we believe that our probability of win (PWin) is high and any investment required by Kratos is within our capital resource comfort level. We intend to partner and team with a large, traditional system integrator when our assessment of PWin is greater or required investment is beyond Kratos’ comfort level. Kratos’ primary business areas include virtualized ground systems for satellites and space vehicles including software for command & control (C2) and telemetry, tracking and control (TT&C), jet powered unmanned aerial drone systems, hypersonic vehicles and rocket systems, propulsion systems for drones, missiles, loitering munitions, supersonic systems, space craft and launch systems, C5ISR and microwave electronic products for missile, radar, missile defense, space, satellite, counter UAS, directed energy, communication and other systems, and virtual & augmented reality training systems for the warfighter. For more information, visit www.KratosDefense.com and follow Kratos on LinkedIn and X.

Notice Regarding Forward-Looking Statements
Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Kratos and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Kratos undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Kratos believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Kratos in general, see the risk disclosures in the Annual Report on Form 10-K of Kratos for the year ended December 28, 2025, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by Kratos.

Press Contact:
Claire Cantrell
[email protected]

Kratos Investor Information:
877-934-4687
[email protected]

The Russell 2000 Just Had Its Best First Half in 35 Years. The Setup for the Second Half Looks Even Better.

The numbers are now official and they tell a story that most of the financial media spent the first six months of 2026 largely ignoring. The Russell 2000 surged nearly 22% through the first half of the year, marking its strongest January-through-June performance since 1991. That is not a typo. Small caps have not started a year this strong in 35 years.

For context, the Dow Jones Industrial Average gained 8.9% over the same period. The S&P 500 rose 9.6%. The Nasdaq climbed 12.8%. Small caps outperformed all of them, and it was not particularly close.

How We Got Here

The first half was anything but smooth. The US went to war with Iran in late February, sending oil above $100 and inflation to a three-year high. Treasury yields hit levels not seen since 2007. Consumer sentiment fell to an all-time record low. A new Federal Reserve chair took office and immediately dropped the central bank’s easing bias. By any conventional reading, this should have been a terrible environment for small caps.

Instead, the Russell 2000 powered through it. The index staged a historic 15-session winning streak against the S&P 500 in January, posted the strongest microcap returns in years through the spring, and held its ground even as chip stocks sold off and large cap technology leadership faltered in June. Active managers had their best month of the year in June as market breadth expanded and capital rotated away from a handful of mega cap names and into the broader market.

Why the Second Half Setup Is Compelling

Three forces that weighed on small caps during the first half are now either reversing or stabilizing, and that shift is what makes the second half particularly interesting.

First, oil prices. Brent crude has fallen below $75 after trading above $110 at its peak. The Iran ceasefire and the gradual reopening of the Strait of Hormuz are removing the energy cost pressure that squeezed consumer-facing small caps all spring. Lower fuel costs flow almost immediately into improved operating margins for the transportation, logistics, food service, and retail companies that bore the brunt of the spring squeeze.

Second, yields. The 10-year Treasury has dropped below 4.5% as oil declines ease inflation expectations. That matters directly for the small and microcap companies carrying variable-rate debt, because lower yields translate into lower borrowing costs and a more favorable refinancing environment heading into the back half of the year.

Third, market breadth. The rotation out of concentrated mega cap technology positions and into the broader market accelerated meaningfully in June. More than 63% of S&P 500 stocks now trade above their 50-day moving average, up from 50% at the start of the month. The correlation between cap-weighted and equal-weighted S&P returns fell to its lowest level since 2003. Capital is spreading out, and small caps are catching it.

The Valuation Case Has Not Closed

Despite a 22% first-half gain, the Russell 2000 still trades at a meaningful discount to the S&P 500 on a forward earnings basis. The valuation gap has narrowed but remains near historically wide levels. Consensus earnings growth estimates for small caps continue to run well above large cap projections. The fundamentals that drove the first-half rally have not been exhausted. They have been reinforced.

History offers one more data point worth noting. When the Russell 2000 has posted a first-half gain of 15% or more, the second half has been positive roughly 80% of the time.

Thirty-five years is a long time between records. The small cap market just set one. The conditions heading into the second half suggest it has room to keep going.

Snail (SNAL) – Clearing The Path Forward


Thursday, July 02, 2026

Michael Kupinski, Director of Research, Equity Research Analyst, Digital, Media & Technology , Noble Capital Markets, Inc.

George Proost, Research Associate, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Reverse Split. On July 1, 2026, the company announced a one-for-five reverse stock split of both its Class A and Class B common stock, effective at 11:59 pm Eastern Time on July 2, 2026, with the shares trading on a split-adjusted basis at market open on July 6, 2026. Notably, we view the reverse split as a favorable development in the company’s efforts to satisfy NASDAQ’s minimum $1 listing price requirement. Although a reverse split does not alter the company’s underlying fundamentals, it removes a technical overhang that has weighed on investor sentiment and could improve trading liquidity and marketability.

Reverse Split Details. Fractional shares will be redeemed for cash based on the average closing price during the ten trading days preceding the effective date. Outstanding stock options, warrants, and convertible securities will be adjusted proportionately, while the company’s authorized share count will remain unchanged. The shares will continue trading under the SNAL ticker with a new CUSIP (83301J308).


Get the Full Report

Equity Research is available at no cost to Registered users of Channelchek. Not a Member? Click ‘Join’ to join the Channelchek Community. There is no cost to register, and we never collect credit card information.

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 

Resolution Minerals Ltd (RLMLF) – Resolution Advances Horse Heaven Toward Maiden Resource


Thursday, July 02, 2026

Mark Reichman, Managing Director, Equity Research Analyst, Natural Resources, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

2026 Drill Program. Resolution continues to de-risk its flagship Horse Heaven Antimony-Tungsten-Gold-Silver Project in Idaho. The company has completed 16 diamond drill holes totaling 4,470 meters at the Golden Gate South target, maintaining a rapid drilling rate while keeping geological logging and sample preparation current. With approximately one-third of the drilling campaign complete, Resolution is advancing Golden Gate toward its first mineral resource estimate, which is expected during the first quarter of 2027. Successful drilling could substantially de-risk the project and establish the foundation for future economic studies.

Defining Scale and Continuity. The program is designed to define the scale and continuity of gold mineralization along strike and at depth while also evaluating the extent of tungsten mineralization surrounding the historic Golden Gate Tungsten Mine and a large tungsten soil anomaly. The campaign builds on encouraging 2025 drilling results that intersected broad intervals of gold mineralization.


Get the Full Report

Equity Research is available at no cost to Registered users of Channelchek. Not a Member? Click ‘Join’ to join the Channelchek Community. There is no cost to register, and we never collect credit card information.

This Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 

NN (NNBR) – A $75 Million PIPE


Thursday, July 02, 2026

Joe Gomes, CFA, Managing Director, Equity Research Analyst, Generalist , Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

A Raise. Yesterday, NN announced it entered into a securities purchase agreement for a private investment in public equity financing (“PIPE”) that is expected to result in gross proceeds of $75.0 million before deducting placement agent fees and offering expenses. The PIPE is expected to close on or about July 2, 2026. The raise should enable NN to restructure a significant part of its balance sheet, positioning the Company for accretive organic growth, in our view, and opening up the potential for accretive M&A.

Details. Pursuant to the terms of the securities purchase agreement, at the closing of the PIPE, NN will issue an aggregate of 24,509,804 shares of common stock at a price of $3.06 per share. As of April 27th, NN had 52.8 million common shares outstanding. The shares to be issued under the PIPE will increase the outstanding shares to 77.2 million, a substantial increase in outstanding shares.


Get the Full Report

Equity Research is available at no cost to Registered users of Channelchek. Not a Member? Click ‘Join’ to join the Channelchek Community. There is no cost to register, and we never collect credit card information.

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 

NeuroSense Therapeutics Ltd. (NRSN) – Strong PrimeC Data Continues As Phase 2b PRAADIGM Study Meets Primary Endpoint In ALS With Reduction


Thursday, July 02, 2026

Robert LeBoyer, Senior Vice President, Equity Research Analyst, Biotechnology, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

NeuroSense Reported Strong Phase 2b PARADIGM Data. Results of the Phase 2b PARDIDM study testing PrimeC in ALS met its primary endpoint of a statistically significant reduction in TDP-43 at six months. The reduction in neuron-derived TDP-43 in the treated group indicates that PrimeC affects an important mechanism of disease and the underlying cause of ALS. To our knowledge, this is the first clinical trial to show that a drug could reduce TDP-43 in people living with ALS.

Phase 2b PARADIGM Study Tested Functional and Biological Endpoints. The trial was a double-blind trial enrolling 68 patients with confirmed ALS. Patients were randomized 2:1 to receive either PrimeC or a placebo for 6 months. All patients then received PrimeC for the next 12 months (18 months total). The trial endpoints included TDP-43, safety, tolerability,  and biomarkers of disease.


Get the Full Report

Equity Research is available at no cost to Registered users of Channelchek. Not a Member? Click ‘Join’ to join the Channelchek Community. There is no cost to register, and we never collect credit card information.

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 

DLH Holdings (DLHC) – A Leadership Transition


Thursday, July 02, 2026

Joe Gomes, CFA, Managing Director, Equity Research Analyst, Generalist , Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Leadership Transition. After a 16-year run as CEO, Zach Parker has retired as DLH’s President and CEO. The Board appointed CFO Kathryn JohnBull as the new President and CEO. Steve Oroho, Senior Vice President, Finance & Accounting, has been named as the new CFO. Mr. Parker will remain with the Company as an advisor to the Board and to Ms. JohnBull through the end of the current fiscal year. He will continue to serve as a member of the Board and, beginning in fiscal 2027, will serve as a consultant to the Company in support of certain strategic growth pursuits.

Kathryn JohnBull. Ms. JohnBull brings deep public-company leadership experience, financial discipline, and a thorough understanding of the government services market to her new role. She joined DLH as Chief Financial Officer in 2012, and has been central to the Company’s growth, acquisition strategy, capital markets activities, financial operations, and investor engagementWe view Ms. JohnBull’s appointment positively, as not only does it provide continuity, but her in-depth knowledge of the Company and its industry is a strong positive.


Get the Full Report

Equity Research is available at no cost to Registered users of Channelchek. Not a Member? Click ‘Join’ to join the Channelchek Community. There is no cost to register, and we never collect credit card information.

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 

Mortgage Rates Just Hit a Seven-Week Low. The Housing Market Is Quietly Waking Up.

Mortgage rates dropped again this week, and this time the move came with something the housing market has been missing for a while. Actual data pointing in the right direction.

Freddie Mac’s Primary Mortgage Market Survey put the 30-year fixed at 6.43% for the week ending July 1, down six basis points from the prior week and well below the 6.67% reading from a year ago. The 15-year fixed came in at 5.79%. It marks a seven-week low, though rates have now spent seven straight weeks camped out within a hair of 6.5%.

That is the headline. The story underneath it is more interesting.

June nonfarm payrolls came in at 57,000, roughly half of what Wall Street was expecting. Consensus estimates were closer to 115,000. That kind of miss shifts the entire rate conversation. Traders who had been pricing in the possibility of a summer Federal Reserve rate hike, unusual as that sounds, started walking those bets back within minutes of the release. The 2-year Treasury yield fell toward 4.1%. The 10-year, which is what mortgages actually track, followed it lower.

For anyone holding rate-sensitive equities, the removal of near-term hike risk matters more than the six-basis-point weekly move in mortgage quotes. It resets the ceiling.

The Housing Data Is Finally Cooperating

Joel Kan, deputy chief economist at the Mortgage Bankers Association, noted that purchase applications are running ahead of last year’s pace and have posted year-over-year growth for nearly three straight months. Buyers are finding opportunities in markets with rising inventory and easing home price growth.

Danielle Hale, chief economist at Realtor.com, pointed to eight consecutive months of falling home prices and seven consecutive months of rising pending sales. Sellers are pricing more realistically out of the gate. Buyers are showing up. That is what a functioning market looks like.

What It Means for Small-Cap Housing Names

Entry-level homebuilders sit at the center of this setup. LGI Homes, Century Communities, M/I Homes, Green Brick Partners, and Dream Finders Homes serve exactly the buyer cohort that gets squeezed hardest when a 30-year mortgage sits above 6%. Second-quarter earnings from these names begin rolling in later this month, and improving pending-sales data should show up in order books.

Manufactured and affordable housing plays like Legacy Housing, Cavco Industries, Champion Homes, and UMH Properties represent another affordability angle. Small-cap mortgage originators and mortgage REITs including UWM Holdings, Orchid Island Capital, ARMOUR Residential, and Ellington Financial tend to react first to shifts in rate volatility. Micro-cap title insurer Investors Title offers a clean read on transaction volumes.

The Bottom Line

The housing market is not back. Rates are still above 6%. Affordability is still tight. Builder margins are still under pressure from incentives and construction costs. But the direction has changed, and that is the piece that has been missing for two years.

If the 10-year keeps drifting lower and mortgage rates edge toward 6%, the small caps in this space are positioned to catch it first. If a hot inflation print revives the hike narrative, the same names give it back. For now, the tape is telling investors the ceiling just got a little lower.

Private Payrolls Miss Expectations in June as Hiring Slows. Thursday’s Report Will Tell the Full Story

The US labor market showed signs of cooling Wednesday morning, and the timing could not be more consequential. Private employers added just 98,000 jobs in June according to ADP’s monthly payroll report, falling well short of the 120,000 economists had anticipated. The miss comes one day before the government’s official employment situation report, which is expected to show a gain of approximately 115,000 positions and is being released Thursday rather than Friday due to the July 4 holiday market closure.

After months of surprisingly strong job gains that helped keep the Federal Reserve locked in a hawkish posture, the June ADP number introduces a new variable into the rate conversation at precisely the moment investors needed clarity most.

What the Data Actually Shows

The 98,000 figure represents a meaningful deceleration from May’s revised 122,000 and an even sharper slowdown from the blowout 172,000 gain reported in the government’s May payroll data. ADP’s chief economist described the report as reflecting a labor market caught between two forces: workers are taking longer to find new positions, while certain industries are simultaneously running into labor supply constraints. The net effect is a slowdown in job creation that is neither a collapse nor a continuation of the strength that characterized the spring.

Other labor market indicators released this week paint a slightly more constructive picture. Layoff announcements fell in June, and job openings for May came in stronger than economists had predicted at 7.6 million. But hiring activity itself remained weak, reinforcing a pattern the Federal Reserve’s Beige Book described last month as a “low-hire, low-fire environment” in which companies are holding headcount steady rather than expanding.

Why Thursday Matters More

The ADP report is a useful directional signal, but the government’s nonfarm payrolls report is the data point the Fed actually uses in its policy deliberations. Thursday’s number will land less than two weeks after Fed Chair Kevin Warsh’s first FOMC meeting, where the committee dropped its easing bias and signaled through its dot plot that nine of 18 officials expect at least one rate hike before year-end.

A strong Thursday print would reinforce that hawkish posture and keep rate hike probabilities elevated. A miss particularly one that aligns with ADP’s softening signal — would complicate the committee’s case for tightening and could mark the first meaningful crack in the “higher-for-longer” narrative that has dominated rate expectations since March.

The Small Cap Implications

For companies in the sub-$2 billion market cap space, the difference between those two outcomes is material. Small and microcap companies carry disproportionately more variable-rate debt than their large cap counterparts, making them acutely sensitive to shifts in rate expectations. A labor market that is genuinely cooling gives the Fed room to hold rather than hike, which would be a direct and immediate benefit to smaller balance sheets that have been absorbing elevated borrowing costs all year.

At the same time, a slowing labor market carries its own risk for consumer-facing small caps. Fewer jobs means less consumer spending power, and the companies most exposed to discretionary spending: restaurants, specialty retail, travel, and leisure feel that pressure faster than most. The staffing and employment services sector, where several smaller publicly traded companies operate, is also a direct read on hiring trends.

Wednesday’s ADP report is a warning flare, not a verdict. Thursday morning’s number is the one that will actually move the Fed’s thinking, the bond market, and the cost of capital for every small company in America.

Release – Aurania Grants Stock Options Including Options in Lieu of Fees to Directors

Toronto, Ontario–(Newsfile Corp. – June 30, 2026) – Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (FSE: 20Q) (“Aurania” or the “Company”) announces that its Board of Directors granted 3,260,000 stock options to directors, officers, and employees (the “Optionees”) pursuant to the terms and subject to the conditions of the Company’s Incentive Stock Option Plan.

The 3,260,000 stock options were granted to directors, officers, and employees on June 30, 2026, and have an exercise price of C$0.185. These options are exercisable for five years from the date of grant and the options shall vest in thirds on the date of grant and each of the first and second anniversaries of the dates of grant, always subject to the Optionee’s maintenance of continuous status as an employee, director, or officer of the Company.

In addition to the options noted above, certain Directors of the Company agreed to receive their quarterly director fees for the second quarter of 2026 in the form of stock options in lieu of cash. On June 30th, 2026, an aggregate of 94,500 stock options was granted to directors in lieu of their director fees for the second financial quarter of 2026. All such stock options will be exercisable at a price of C$0.185 for a period of three years from the date of grant and vested immediately upon grant. In the event a director intends to exercise such stock options, such director shall be solely responsible for paying the entirety of the exercise price.

About Aurania
Aurania is a mineral exploration company engaged in the identification, evaluation, acquisition, and exploration of mineral property interests, with a focus on precious metals and critical energy in Europe and abroad.

Information on Aurania and technical reports are available at www.aurania.com and www.sedarplus.ca, as well as on Facebook at https://www.facebook.com/auranialtd/, Twitter at https://twitter.com/auranialtd, and LinkedIn at https://www.linkedin.com/company/aurania-resources-ltd-.

For further information, please contact:

Carolyn Muir
VP Corporate Development & Investor Relations
Aurania Resources Ltd.
(416) 367-3200
[email protected]

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.