Small caps ignite: REC doubles as deals and drill stories dominate Materials week

• Recharge Metals (ASX:REC) jumped 🟢 109.09% after locking in funding and a deal for a defined gold resource in WA
• EAU Lithium (ASX:C1X) surged 🟢 85.19% after signing a negotiation framework with Bolivia’s state lithium group using Vulcan’s extraction tech
• King River Resources (ASX:KRR) rose 🟢 45.45% after taking an option over a high-grade historic gold area and flagging a 2026 work program
• Calix (ASX:CXL) sank 🔴 -36.36% after Pilbara Minerals took full control of their lithium processing venture and paid $11.4m for Calix’s stake