Excitement has been running high among ASX lithium stocks lately, as market favourite Tesla flags updated plans to secure its global supply chain.

That’s resulted in plenty of name-dropping and optimism around possible deals.

But North Carolina-based Piedmont Lithium (ASX:PLL) has gone and put some actual runs on the board this morning, announcing a five-year sales agreement with the electric car giant.

Shares in the company — which had been in a halt since September 18 — jumped by more than 60 per cent after the announcement was released at 11:16am EST.

Elsewhere on markets, it was a steady if unspectacular start to the week as the ASX200 edged higher following Friday’s banking-led rally.

There were stronger gains among small caps, with the ASX Emerging Companies Index up by around 0.8 per cent into midday trade.

The Australian dollar has climbed (slightly) off the mat, after six straight losing sessions last week saw it almost fall below US70c for the first time since July.

WINNERS

Here are the best performing ASX small cap stocks at 12pm Monday September 28:

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TICKER NAME PRICE % CHANGE MARKET CAP
ENA Ensurance Ltd 0.032 78 $ 10,277,212
PLL Piedmont Lithium 0.247 65 $ 173,300,000
CLZ Classic Min Ltd 0.0015 50 $ 13,042,052
FYI FYI Resources Ltd 0.255 34 $ 46,466,904
EGR Ecograf Limited 0.2 33 $ 54,598,015
EMU EMU NL 0.041 32 $ 9,238,169
SCN Scorpion Minerals 0.105 31 $ 16,721,429
AEV Avenira Limited 0.026 30 $ 17,257,056
UNL United Networks Ltd 0.06 28 $ 18,441,831
CXU Cauldron Energy Ltd 0.048 26 $ 14,945,014
BOT Botanix Pharma Ltd 0.094 25 $ 72,952,353
MRQ Mrg Metals Limited 0.011 22 $ 12,149,565
ICU Isentric Ltd. 0.145 21 $ 35,812,368
MIO Macarthur Minerals 0.63 20 $ 62,822,469
CZN Corazon Ltd 0.003 20 $ 8,133,398
SHH Shree Minerals Ltd 0.012 20 $ 7,592,369
JXT Jaxstaltd 0.125 19 $ 16,845,120
HTG Harvest Tech Grp Ltd 0.325 18 $ 128,805,667
CIO Connected Io Ltd 0.027 17 $ 5,702,713
IVZ Invictus Energy Ltd 0.068 15 $ 27,243,743
RMX Red Mount Min Ltd 0.008 14 $ 7,091,257
DTS Dragontail Systems 0.12 14 $ 29,969,297

PLL’s deal saw it top the list of big movers, among stocks which posted market-moving announcements in morning trade.

Shares in the company rose for seven straight sessions starting on September 10 — from 9c to 14.5c — before going into a trading halt on September 18 following an ASX price query.

After confirming the sales deal, PLL shares ripped higher to around 23c. The ASX announcements timeline also revealed negotiations with the ASX went something like this:

ASX: wtf.
PLL: Tesla.
ASX: oh ok.

The five-year term has an option for an additional five years for the sale of spodumene concentrate.

PLL didn’t provide an exact sales figure, but said it expects Tesla sales to comprise around 10-20 per cent of company revenues from its mine-to-hydroxide project.

LOSERS

Here are the best performing ASX small cap stocks at 12pm Monday September 28:

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TICKER NAME PRICE % CHANGE MARKET CAP
ANW Aus Tin Mining 0.001 -33 $ 4,994,661
CCE Carnegie Cln Energy 0.002 -25 $ 22,282,905
MRD Mount Ridley Mines 0.002 -20 $ 6,706,985
VPR Volt Power Group 0.002 -20 $ 22,923,834
AZI Alta Zinc Ltd 0.005 -17 $ 21,664,195
MLS Metals Australia 0.0025 -17 $ 10,945,058
XTC Xantippe Res Ltd 0.0025 -17 $ 12,223,693
RNX Renegade Exploration 0.006 -14 $ 4,988,386
TPD Talon Petroleum Ltd 0.003 -14 $ 15,231,263
CCG Commschoice 0.091 -13 $ 20,096,187
NVX Novonix Limited 1.02 -13 $ 409,447,139
ARE Argonaut Resources 0.007 -13 $ 15,733,518
PSL Paterson Resources 0.0035 -13 $ 16,013,418
RDN Raiden Resources Ltd 0.014 -13 $ 8,617,178
LIN Lindian Resources 0.022 -12 $ 14,548,741
CGB Cann Global Limited 0.004 -11 $ 16,049,620
GGE Grand Gulf Energy 0.008 -11 $ 3,453,745
SER Strategic Energy 0.068 -11 $ 12,160,016
IVX Invion Ltd 0.009 -10 $ 55,035,989
RBR RBR Group Ltd 0.009 -10 $ 10,007,301