In Case You Missed It: Lithium, Nootropics and a dash of nickel

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
MRD	Mount Ridley Mines	0.0025	25%	$15,569,766
BPH	BPH Energy Ltd	0.022	22%	$16,744,239
GNM	Great Northern	0.032	19%	$4,174,985
MOH	Moho Resources	0.014	17%	$3,114,933
AQI	Alicanto Min Ltd	0.05	11%	$24,315,156
BPM	BPM Minerals	0.098	9%	$5,937,499
UVA	Uvrelimited	0.125	9%	$3,760,296
ADD	Adavale Resource Ltd	0.026	8%	$12,558,254
ALM	Alma Metals Ltd	0.013	8%	$13,248,009
ANX	Anax Metals Ltd	0.067	8%	$25,382,479
EM2	Eagle Mountain	0.135	8%	$38,120,858
PIM	Pinnacleminerals	0.097	8%	$2,301,750
VMS	Venture Minerals	0.015	7%	$27,300,182
MRR	Minrex Resources Ltd	0.016	7%	$16,273,013
FFG	Fatfish Group	0.017	6%	$17,411,182
KGD	Kula Gold Limited	0.018	6%	$6,344,603
EVG	Evion Group NL	0.038	6%	$12,324,931
XF1	Xref Limited	0.21	5%	$37,235,258
MTM	MTM Critical Metals	0.105	5%	$9,704,672
INF	Infinity Lithium	0.115	5%	$50,885,130
SOR	Strategic Elements	0.115	5%	$49,162,678
ICI	Icandy Interactive	0.055	4%	$71,136,901
MKG	Mako Gold	0.029	4%	$15,632,906
REC	Rechargemetals	0.32	3%	$32,731,187
CRD	Conradasiaenergyltd	1.7	3%	$159,769,688
T88	Taitonresources	0.175	3%	$8,759,172
VTM	Victory Metals Ltd	0.35	3%	$22,822,968
STK	Strickland Metals	0.037	3%	$57,231,306
OMA	Omegaoilgaslimited	0.19	3%	$28,290,966
VSR	Voltaic Strategic	0.04	3%	$14,408,852
PTX	Prescient Ltd	0.08	3%	$62,811,044
AZS	Azure Minerals	1.975	2%	$753,155,619
IPX	Iperionx Limited	1.125	2%	$212,843,370
PAT	Patriot Lithium	0.27	2%	$16,267,688
DXB	Dimerix Ltd	0.073	1%	$27,940,251
RNU	Renascor Res Ltd	0.1975	1%	$495,184,462
EUR	European Lithium Ltd	0.089	1%	$122,693,047
HRE	Heavy Rare Earths	0.098	1%	$5,770,329

Sand stock Perpetual Resources (ASX:PEC) has made a move into Brazilian lithium, inking a binding option deal over exploration ground in Minas Gerais, 20km from the Grota do Cirilo spodumene mine owned by C$5bn capped Sigma Lithium Corp (TSXV:SGML).

Latin Resources’ (ASX:LRS) advanced Colina project is also nearby.

A 60-day due diligence period has now kicked off over the +3000sqkm of greenfields (unexplored) tenure. If PEC likes what it sees, the plan is “rapid exploration in the coming months”.

The deal explains the ‘leaky ship’ action earlier in the week when the stock surged on no news before going into a halt “regarding a potential acquisition”.

Brazil has become a lithium hotspot thanks to Sigma’s success at Grota do Cirilo.

The Calmer Co (ASX:CCO) – formerly Fiji Kava – launched its new Noble Focus product online today.
Noble Focus is a synergistic combination providing calm, focus and memory enhancement utilising the proprietary Noble Kava water extract.

Noble Focus is targeting the US$4.6bn Nootropics market which has grown at 17% to US$4.6bn in 2023, and includes executives looking for an edge.

Armada Metals (ASX:AMM) has inked a deal to acquire 80% of a historic Zimbabwean nickel sulphide deposit, untouched since the ’90s.

The Bend nickel deposit was initially discovered by Anglo-American Prospecting Ventures in 1971, and subsequently drilled in the 1990s, “with notable nickel intercepts reported from these programs”, AMM says.

The company can earn 50% of the project by funding a 2500m drill program. That stake will increase to 80% after it spends another $3 million on exploration over three years.

Maiden drilling expected to commence in Q3.

Clothing retailer Mosaic Brands (ASX:MOZ) expects a $17m profit for FY23 – a $33m turnaround to the prior financial year loss of $16m.

“Whilst the Group remains cautious for FY24, it enters the new financial year with its cost base in the strongest position in over four years, as Covid related costs fall,” it says.

And Adavale Resources (ASX:ADD) has received a further $820,000 for exploration drilling at its flagship Kabanga Jirani nickel project in Tanzania, taking the total investor placement to $2.47m so far.

At Stockhead we tell it like it is. While Adavale Resources is a Stockhead advertisers, it did not sponsor this article.