Small cap companies are generally more vulnerable in higher interest rate environment. Their capital structure is such, that when the interest rates are low, their debt servicing becomes easier and tend o perform better. Already with one cut in hand, and expectation of two or three in the offing, these are buoyed up.
Echo IQ (ASX: EIQ)
Echo IQ (ASX: EIQ), on 21 May 2025 declared that its application for a Category III CPT code for EchoSolv AS in the US was not approved. The company is working with the American Medical Association (AMA) to understand the reasons behind the decision. Echo IQ is revising its submission, addressing AMA feedback, and preparing to resubmit for the next review cycle by 11 June 2025. The company remains confident about its strategy and assures that the active use of EchoSolv AS across current US sites will not be affected by this setback.
EIQ raised $17.3M through an institutional placement at $0.30per share in May 2025. The funds will support ongoing initiatives, such as the deployment of EchoSolv AS across large US hospitals and strategic partnerships. Echo IQ also plans to advance regulatory approval for EchoSolv HF, a technology aimed at detecting heart failure, through a validation study in collaboration with the Mayo Clinic. The company is also expanding its integration pipeline, with EchoSolv AS now active at six US sites and a target of 60 more in the coming months.
Echo IQ secured a collaboration agreement with the Mayo Clinic Platform to advance a study for EchoSolv HF, aiming for FDA clearance in H2 2025. Mayo Clinic will also have access to EchoSolv HF across 30 hospitals. Also, Echo IQ is moving forward with its efforts to gain reimbursement from insurance providers through the Category III CPT code application. The company’s integration pipeline and strategic partnerships, including agreements with ScImage and MedAxiom, are progressing well.
Meeka Metals Ltd (ASX: MEK)
In April 2025, Meeka Metals Ltd (ASX: MEK) achieved an important goal at the Murchison Gold Project. The first ore was mined from the St Anne’s North open pit and stockpiles are now being built up in preparation for the process plant’s commissioning, which is expected to begin in June 2025. Moreover, mining started at the Turnberry Central open pit, the 2nd of five high grade oxide open pits planned for production. Work on expanding the processing plant has been progressing well, with major structural work completed and upgrades to the gold room, as well as installation of electrical, air and water services, well underway.
The Andy Well underground mine was reopened, and open pit mining began earlier than planned in February 2025. The first ore from the open pits was mined in April 2025 and is being stored for the plant startup. Infrastructure support for the open pit mining has been completed, including the administration complex, vehicle workshop, and fuel storage. The CIL gold processing plant expansion continued, adding a new 750kW ball mill and other important equipment.
The focus remains on upgrading and refurbishing the process plant which will continue through the second quarter of 2025. Preparations for underground mining at the Andy Well mine are also in progress with development and drilling planned to begin in June 2025. The company also plans to expand ore development and drilling activities at the Andy Well underground mine starting in mid-2025.
(Source: Company Announcements)
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