Investors are likely to keep an eye on the following small-cap stocks listed on the Australian Securities Exchange.

Gold Mountain (ASX:GMN)

Gold Mountain found clustered high-grade total rare earth oxides from stream sediment sampling at the Varzedo prospect within the Down Under project area in Brazil.

Livium (ASX:LIT)

Livium signed a memorandum of understanding (MOU) with South Korean firm Won Kwang S&T to collaborate on solar panel recycling in Australia. The two companies are working towards the execution of a binding joint development agreement based on the MOU.

WestStar Industrial (ASX:WSI)

WestStar Industrial's SIMPEC subsidiary secured an AU$8 million contract to supply and install the ventilation system for the New South Wales government's Western Harbour Tunnel project. Work is expected to be completed in 2026.

Somerset Minerals (ASX:SMM)

Somerset Minerals found zones of visible copper mineralization at the Jura prospect, within the Coppermine project in Canada, following the completion of drilling of the first two holes. The company is working on defining mineralization at Jura, while testing the broader landholding for coincident geochemical and geophysical anomalies.

AuKing Mining (ASX:AKN)

AuKing Mining agreed to acquire a 100% shareholding interest in Orion Resources, which will also deliver full ownership of the Cloncurry gold project in Queensland.