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

James Bay Minerals (ASX:JBY)

James Bay Minerals received AU$477,000 from Revenue Quebec for refundable exploration tax credits for the year ended Dec. 31, 2024. The company expects an additional AU$60,000 in refundable mining duties credits for its 2024 exploration activities.

Compumedics (ASX:CMP)

Compumedics secured a $3.7 million magnetoencephalography (MEG) contract with Hangzhou Normal University in China, through Beijing Fistar, the company's Chinese distributor for brain research technology.

Beamtree (ASX:BMT)

Beamtree secured a contract renewal with the Healthcare Pricing Office in Ireland for another five years to deliver the PICQ software as the national data quality tool for public hospitals. The contract is worth 2.3 million euros over five years.

Lunnon Metals (ASX:LM8)

Lunnon Metals agreed with St Ives Gold Mining, a subsidiary of Gold Fields, to modify St Ives' right of pre-emption for future gold-bearing material from the Lady Herial deposit at its Kambalda project in Western Australia. This will enable exclusive negotiations on the sale of material from Lady Herial to St Ives for treatment at St Ives' Lefroy gold plant.

Power Minerals (ASX:PNN)

Power Minerals' investment partner, Navigate Energy, received overseas direct investment approval from Chinese regulatory authorities for the Rincon project joint venture within the Salta project in Argentina. The approval enables the release of $4 million in funding from Navigate Energy to the Rincon JV.