In Case You Missed It: Lithium takeover, a new lithium discovery and a gold asset sale

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.

ICYMI Leader Board

Code	Company	Price	% Today	Market Cap
LPI	Lithium Pwr Int Ltd	0.53	28%	$261,133,587
PSC	Prospect Res Ltd	0.0905	22%	$34,207,200
AUN	Aurumin	0.031	19%	$7,759,520
SXL	Sthn Cross Media	0.855	17%	$175,126,379
FBM	Future Battery	0.105	17%	$45,891,539
FHS	Freehill Mining Ltd.	0.0035	17%	$8,534,403
NSM	Northstaw	0.035	17%	$3,603,810
G88	Golden Mile Res Ltd	0.022	16%	$6,258,401
NOX	Noxopharm Limited	0.11	15%	$28,054,843
FRB	Firebird Metals	0.165	14%	$10,595,875
MYX	Mayne Pharma Ltd	3.12	13%	$233,954,292
OBM	Ora Banda Mining Ltd	0.11	13%	$165,186,370
PAR	Paradigm Bio.	0.71	13%	$176,704,474
BTR	Brightstar Resources	0.011	10%	$19,158,334
FRS	Forrestaniaresources	0.035	9%	$3,273,651
RHY	Rhythm Biosciences	0.18	9%	$36,488,527
NNL	Nordicnickellimited	0.19	9%	$10,230,501
HIO	Hawsons Iron Ltd	0.052	8%	$44,115,411
LM1	Leeuwin Metals Ltd	0.325	8%	$13,435,500
BOA	Boadicea Resources	0.042	8%	$4,800,522

Lithium Power International (ASX:LPI) has entered into a binding scheme implementation deed under which Codelco will acquire 100% of LPI at $0.57 a share – which values the company at around $385 million.

Scout drilling at Prospect Resources (ASX:PSC) Step Aside project has flagged a new discovery zone, with up to 1.51% Li2O intersected

Aurumin (ASX:AUN) is selling its Mt Dimmer gold mining leases to Beacon Minerals for $3m cash plus a 2% net smelter return royalty on gold production abover 12,000oz and on all other minerals.

Southern Cross Media Group (ASX:SXL) announced a takeover deal from ARN Media (ASX:A1N) and Anchorage Capital Partners, offering 0.753 ARN ordinary shares and $0.296 cash per share.

And Golden Mile Resources (ASX:G88) is gearing up to start works at its Marble Bar lithium and gold project after the grant of two of the three tenements that make up the project.

More Top Small Cap Stories: Wednesday

Melodiol Global Health (ASX:ME1) marks another record revenue quarter with $7.5m of unaudited sales, up 265% on the PCP.

PNX Metals (ASX:PNX) says a continuous stream of very high-grade gold results from the C6 prospect in the NT has given it the confidence to kick off deeper drilling.

Drilling has hit very broad zones of disseminated nickel sulphides within higher grade zones at Nordic Nickel (ASX:NNL) flagship Pulju project in Finland.

Battery Age Minerals (ASX:BM8) is exploring four critical minerals projects covering lithium, gallium, germanium and copper all at the same time.

Southern Hemisphere Mining (ASX:SUH) has commenced diamond and reverse circulation drilling at its flagship Llahuin copper-gold project to test recently generated targets.

Argenica Therapeutics (ASX:AGN) says its lead drug candidate ARG-007 could be a standalone treatment for reducing total brain injury in a preclinical model of hypoxic-ischaemic encephalopathy (HIE).

St George Mining (ASX:SGQ) has restarted its lithium exploration push at the Mt Alexander project in WA.

Lord Resources (ASX:LRD) embarks on maiden exploration at Jingjing, smack bang in the middle of a WA ‘Lithium Super-Province’.

Recharge Metals (ASX:REC) launches into lithium exploration at Wapistan as Q2 Metals prepares to drill right next door.

Step-out drilling at the Nabarlek North Prospect at DevEx Resources (ASX:DEV) Nabarlek uranium project in the NT has returned shallow uranium equivalent intercepts up to 0.61%.

Ionic Rare Earths (ASX:IXR) says construction is progressing at its Makuutu rare earths demonstration plant with foundations laid, steel columns and structure for technical facility erected.

Latin Resources (ASX:LRS) targets cluster of pegmatites in drilling effort to prove up ‘district scale’ lithium potential at Salinas project in Brazil.

Paradigm Biopharmaceuticals (ASX:PAR) says a single 6-week treatment course of its iPPS treatment of osteoarthritis in the knee showed pain reduction and functional improvement effects through the 12-month study with notable increase of cartilage thickness at 6 months.

Impact Minerals (ASX:IPT) says metallurgical test work for its Lake Hope High Purity Alumina (HPA) project in WA is 80% complete, and that the Pre-Feasibility Study (PFS) remains on track for completion by Q3-Q4 2024.

Indiana Resources (ASX:IDA) is raising $3.8m to accelerate REE and gold exploration activities in Gawler Craton and to progress enforcement activities following the US$110m+ ICSID award against Tanzania.

Leeuwin Metals (ASX:LM1) has kicked off field work at its Cross Lake lithium project in Canada.

Godolphin Resources (ASX:GRL) has commenced a 2,400m RC drill program at the Cyclops and Yeoval East copper-gold prospects at the Yeoval project in NSW.

Sprintex (ASX:SIX) says production of the high speed G15 industrial blower range has commenced on schedule with the larger G26 models to commence on target in November 2023.

Rare earths benefication test work has delivered a 20x TREO upgrade to concentrate for RareX (ASX:REE) Cummins Range project.

And Kula Gold (ASX:KGD) CEO Ric Dawson is moving into a managing director role.

At Stockhead we tell it like it is. While Melodiol Global Health, PNX Metals, Nordic Nickel, Battery Age Minerals, Southern Hemisphere, Prospect Resources, Argenica Therapeutics, St George Mining, Lord Resources, Recharge Metals, Golden Mile Resources, DevEx Resources, Ionic Rare Earths, Latin Resources, Paradigm Biopharmaceuticals, Impact Minerals, Indiana Resources, Leeuwin Metals, Godolphin Resources, Sprintex, RareX and Kula Gold are Stockhead advertisers, they did not sponsor this article.