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In Case You Missed It: Garnet, rare earths and an AI deal

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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 green have made market-moving announcements (click headings to sort).

Code Company Price % Today Market Cap
CLE Cyclone Metals 0.0015 50% $10,264,505
RMX Red Mount Min Ltd 0.0055 38% $9,087,404
VAL Valor Resources Ltd 0.004 33% $11,409,104
CSF Catalanoseafoodltd 0.05 25% $1,348,160
MRD Mount Ridley Mines 0.0025 25% $15,569,766
IG6 Internationalgraphit 0.21 20% $15,397,919
CNJ Conico Ltd 0.008 14% $10,990,665
NWM Norwest Minerals 0.065 12% $16,102,802
GNM Great Northern 0.028 12% $3,865,727
BTR Brightstar Resources 0.011 10% $15,740,152
EZZ EZZ Life Science 0.56 10% $21,779,550
LEX Lefroy Exploration 0.24 9% $35,300,760
MKG Mako Gold 0.0315 9% $16,191,224
BUR Burleyminerals 0.19 9% $13,058,466
ALM Alma Metals Ltd 0.014 8% $14,352,010
ADX ADX Energy Ltd 0.0075 7% $25,271,497
RLG Roolife Group Ltd 0.0075 7% $5,036,907
XF1 Xref Limited 0.18 6% $31,649,969
LNR Lanthanein Resources 0.019 6% $20,188,360
STK Strickland Metals 0.039 5% $58,821,064
IXR Ionic Rare Earths 0.024 4% $90,760,413
BC8 Black Cat Syndicate 0.37 4% $94,741,141
PEX Peel Mining Limited 0.13 4% $72,595,984
MME Moneyme Limited 0.079 4% $60,805,964
ADD Adavale Resource Ltd 0.028 4% $14,038,747
G88 Golden Mile Res Ltd 0.059 4% $18,775,202
SVM Sovereign Metals 0.445 3% $202,476,260
PFE Panteraminerals 0.09 3% $4,480,597
NWC New World Resources 0.032 3% $65,270,253
IPX Iperionx Limited 1.135 3% $212,843,370
POD Podium Minerals 0.066 3% $23,317,542
HCH Hot Chili Ltd 1.2 3% $139,153,665
AQI Alicanto Min Ltd 0.035 3% $18,371,451
OEC Orbital Corp Limited 0.175 3% $19,930,002
DEG De Grey Mining 1.3775 3% $2,091,963,666
AEE Aura Energy 0.195 3% $109,151,999
REE Rarex Limited 0.04 3% $26,082,243
OMA Omegaoilgaslimited 0.2 3% $29,820,207
ENR Encounter Resources 0.41 3% $158,210,312
OSX Osteopore Limited 0.084 2% $12,703,328
BPM BPM Minerals 0.091 2% $5,871,527
LRS Latin Resources Ltd 0.3575 2% $915,309,382
VTM Victory Metals Ltd 0.255 2% $16,639,174
EYE Nova EYE Medical Ltd 0.27 2% $50,436,892
SPN Sparc Tech Ltd 0.275 2% $23,124,332
PGD Peregrine Gold 0.32 2% $17,672,322
OCN Oceanalithiumlimited 0.36 1% $14,262,658
EVS Envirosuite Ltd 0.1 1% $124,898,404
GT1 Greentechnology 0.67 1% $141,630,053
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Heavy Minerals (ASX:HVY)
tipped the scales today after boosting resources at the Port Gregory garnet project in WA by 23% to 166Mt at 4% for 6.6Mt total heavy mineral (THM).

That includes 5.9Mt of contained garnet, representing ~5 years of current global demand, HVY says.

Port Gregory will contribute more than 10% to world garnet production when the mine comes online, pencilled in for 2027.

“The updated mineral resource estimate now credibly positions HVY to be the next potential garnet producer in the Port Gregory region,” HVY CEO Andrew Taplin says.

Garnet sand is a good abrasive, and a common replacement for silica sand in sand blasting. It is also used in waterjets to cut steel, and in water filtration.

HVY says industrial garnet demand is forecast to outstrip supply in the coming years with a widening deficit forecast from 2024 onwards, unless additional supply is brought to market.

Red Mountain Mining (ASX:RMX) has executed a binding farm-in agreement with Liontown Resources (ASX:LTR) for 80% interest in its prospective Monjebup Rare Earth Project where recent surface sampling include TREO of up to 969ppm. 

The company says the terms are attractive in an all-scrip transaction and exploration requirement of $500,000 within 24 months.

Activeport Group (ASX:ATV) and Radian Arc have expanded their relationship that will accelerate artificial intelligence (AI) deployment within the telecommunications industry.

The collaboration aims to leverage Radian Arc’s AMD-based GPU platform, already installed in a rapidly expanding network of 50+ telco customers worldwide, to offer GPU-as-a-Service (GaaS) for AI.

This will enable telcos and their enterprise customers to easily deploy AI models within their networks, resulting in unique low-latency AI solutions.

Forrestania Resources (ASX:FRS) has now earned 50% in the 293sqkm Hydra greenfields lithium project in James Bay, Canada, forming a JV with TSXV-listed ALX Resources.

And Burley Minerals (ASX:BUR) has restarted diamond core drilling at its Chubb lithium project in Canada following the lifting of fire-related machinery restrictions.

 

At Stockhead we tell it like it is. While Burley Minerals is a Stockhead advertiser, it did not sponsor this article.

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