In Case You Missed It: A maiden resource and high tech propeller deal
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Stockhead’s In-Case-You-Missed-It highlights today’s most interesting small cap stories that might have slipped beneath your radar.
Below is a wrap of the top 20 performing stocks, by percentage, who made announcements today.
Galileo Mining (ASX:GAL) delivered the maiden resource estimate for its Callisto deposit of 17.5Mt at 1.04g/t 4E, 0.20% Ni, 0.16% Cu (2.3g/t PdEq or 0.52% NiEq).
Metalicity (ASX:MCT) has increased its interest in the Kookynie and Yundamindra gold joint ventures from effectively 65.6% (51% direct and 14.6% indirect interest) to 80% direct interest after settling all disputes with partner Nex Metals Exploration (ASX:NME)
Careteq (ASX:CTQ) says significant orders from ADT New Zealand, a subsidiary of Intelligent Monitoring Group (ASX:IMB) have progressed the company towards its goal of reaching 15,000 subscribers by the end of FY24.
Aussie designer and manufacturer of ‘disruptive, high-technology marine propulsion and stabilisation systems for the global luxury motor yacht, fast ferry, commercial workboat and defence industries’, Veem (ASX:VEE), says it’s struck JV deals with Sharrow Engineering to design, exclusively manufacture and sell Sharrow propellers worldwide, up to 5m in diameter, for inboard motor vessels.
And cloud communications company Symbio Holdings (ASX:SYM) announced today that the best and final offer from Superloop (ASX:SLC) to acquire 100% of the company for a 50:50 cash and scrip consideration of $2.85 per share had lapsed on September 29.
Belararox (ASX:BRX) has established permanent operations in Argentina as well as key relationships with government and exploration and mining sector stakeholders as it hunts for gold and copper.
Magnetic Resources (ASX:MAU) has completed a $4.8 million placement to accelerate development plans at its Laverton gold projects.
New assays have confirmed clay-hosted rare earth intersections in 26 of 31 holes at Ionic Rare Earths (ASX:IXR) Makuutu project in Uganda.
Anson Resources (ASX:ASN) has announced plans for a new resource drilling program at three priority targets at its Green River lithium project in Utah, USA.
Moho Resources (ASX:MOH) is raising $476,062 via a placement at $0.007 per share to fund exploration at the Whistlepipe critical minerals projects along with the Silver Swan North, Burracoppin and Empress Springs projects.
And De Grey Mining (ASX:DEG) has received firm commitments for a fully underwritten two tranche placement to raise $300 million at $1.05 per share to fund the path to production at its Hemi gold project.
At Stockhead we tell it like it is. While Belararox Resources, Blue Star Helium, Moab Minerals, Magnetic Resources, Ionic Rare Earths, Strickland Metals, IperionX, Meeka Metals, Anson Resources, Moho Resources, Metalicity and De Grey Mining (ASX:DEG) are Stockhead advertisers, they did not sponsor this article.