In Case You Missed It: Mineral sands joint venture and GMP licensing progress for cannabis

Stockhead’s In-Case-You-Missed-It highlights some strongest performing ASX stocks that might have slipped your notice today.

It’s a short, sharp update to help frame the trading day by showing some of the biggest movers in percentage terms.

ICYMI Leader Board

Stocks highlighted in blue have made market-moving announcements (click headings to sort).

Code	Company	Price	% Today	Market Cap
ME1	Melodiol Glb Health	0.012	20%	$26,885,538
WWI	West Wits Mining Ltd	0.021	17%	$40,374,310
MEK	Meeka Metals Limited	0.039	11%	$37,366,313
BM8	Battery Age Minerals	0.44	11%	$29,316,174
M2R	Miramar	0.04	11%	$3,993,365
SIX	Sprintex Ltd	0.036	9%	$9,514,776
OBM	Ora Banda Mining Ltd	0.125	9%	$194,918,525
GSM	Golden State Mining	0.038	9%	$6,688,090
BTR	Brightstar Resources	0.013	8%	$18,888,183
VTM	Victory Metals Ltd	0.395	8%	$28,031,643
ADX	ADX Energy Ltd	0.0075	7%	$25,271,497
PIL	Peppermint Inv Ltd	0.008	7%	$15,283,926
HGO	Hillgrove Res Ltd	0.069	6%	$124,278,116
AW1	Americanwestmetals	0.18	6%	$58,709,224
FHE	Frontier Energy Ltd	0.37	6%	$90,065,829
MAT	Matsa Resources	0.037	6%	$14,420,258
XF1	Xref Limited	0.19	6%	$33,511,732
CHR	Charger Metals	0.3	5%	$17,702,595
KNG	Kingsland Minerals	0.315	5%	$13,415,940
RFX	Redflow Limited	0.21	5%	$35,954,872
MAU	Magnetic Resources	0.74	5%	$167,052,595
INF	Infinity Lithium	0.11	5%	$48,572,170
TGM	Theta Gold Mines Ltd	0.11	5%	$73,507,876
AQI	Alicanto Min Ltd	0.048	4%	$24,855,493
PSC	Prospect Res Ltd	0.125	4%	$55,471,135
WA8	Warriedarresourltd	0.08	4%	$33,191,529
REC	Rechargemetals	0.27	4%	$27,451,963
EVS	Envirosuite Ltd	0.092	3%	$112,300,203
AZS	Azure Minerals	1.775	3%	$671,206,044
HCH	Hot Chili Ltd	1.515	3%	$175,584,453
LRS	Latin Resources Ltd	0.355	3%	$903,579,946
ATC	Altech Batt Ltd	0.072	3%	$102,873,611
REE	Rarex Limited	0.04	3%	$26,082,243
STK	Strickland Metals	0.043	2%	$66,769,856
IG6	Internationalgraphit	0.22	2%	$19,132,443
GRL	Godolphin Resources	0.044	2%	$5,821,910
MTM	MTM Critical Metals	0.092	2%	$8,734,205
LEL	Lithenergy	0.7	2%	$70,561,850
SVM	Sovereign Metals	0.495	2%	$268,675,748
NC6	Nanollose Limited	0.053	2%	$7,742,091
OCN	Oceanalithiumlimited	0.285	2%	$14,861,420
ASN	Anson Resources Ltd	0.1575	2%	$196,931,152
GT1	Greentechnology	0.635	2%	$133,110,952
GLN	Galan Lithium Ltd	0.79	1%	$264,478,593

Exploration minnow MRG Metals (ASX:MRQ) has entered a Memorandum of Understanding (MOU) with Tianjin Lanqi Materials Company (LANQI) for a joint venture operation on its Mozambique Corridor Sands projects.

LANQI will invest all funds necessary to develop the initial mining operation and all subsequent funds for mine expansion either on the initial Corridor project or subsequent Corridor projects.

They’ll also guarantee that the total output of the HMC in the initial Corridor project shall be not less than 100,000 tpa at 18 months from the date any mining commences, and that the total output of the HMC in initial Corridor project shall be increased to 200,000 tpa at or before 3 years from the date any mining commences and to 400,000 tpa at or before 5 years from the date any mining commences.

Both parties will sign a JV agreement upon or before completion of due diligence period that parties will set up a JV company in Mozambique owned 75 % by LANQI and 25 % by MRG, achieved upon first production.

Melodiol Global Health’s (ASX:ME1) is making good progress on securing the key European Good Manufacturing Practice (EU GMP) licence that will allow it to export cannabis to the lucrative markets of Australia and Europe.

The company is working with leading North American regulatory and scientific cannabis consulting agency CannDelta to advance the licensing process, which it describes as “well progressed”, for EU GMP – a minimum standard that a medicines manufacturer must meet in its production processes before it can export to several major global markets.

On the back of a major $26.96m financial endorsement from the Industrial Development Corporation of South Africa (IDC), West Wits Mining (ASX:WWI) has wrapped up the updated definitive feasibility study (DFS) for its Qala Shallows deposit and increased the recovered gold tally by a massive 38%.

Production rate increases, a life of mine increase and 236,000 extra ounces of gold, among other improved metrics – not a bad day at the office for the Africa-focused miner.

Cosmos Exploration (ASX:C1X) has identified three priority target areas for lithium exploration from some remote-sensing and geophysical surveys undertaken on its prospective Lasalle lithium project in the James Bay district in Quebec, Canada.

“Multiple targets are now emerging with many similarities to the lithium-bearing pegmatites on Patriot Battery Metals’ (ASX:PMT) neighbouring Corvette Project justifying our recent expansion of the project area,” executive chairman Jeremy Robinson said.

And online retailer Redbubble (ASX:RBL) announced that its US subsidiary, Redbubble Inc, has received two favourable decisions from a US Court in the ongoing litigation commenced by Brandy Melville and Atari relating to alleged intellectual property infringement.

The court agreed that Redbubble cannot be held contributorily liable when third parties misuse Redbubble’s service to infringe without the company’s knowledge.

In the Atari case, the court upheld the district court’s judgment in Redbubble’s favour.

At Stockhead we tell it like it is. While Melodiol Global Health and West Wits Mining are Stockhead advertisers, they did not sponsor this article.