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.
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.
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.
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%.
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.
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.