In Case You Missed It: M&A, asset sales and biotech profits lead the way

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
DCN	Dacian Gold Ltd	0.23	84%	$152,100,117
KIN	KIN Min NL	0.049	29%	$44,769,721
BME	Blackmountainenergy	0.027	29%	$3,847,708
PRX	Prodigy Gold NL	0.009	29%	$12,257,755
ME1	Melodiol Glb Health	0.006	20%	$14,736,602
LCL	LCL Resources Ltd	0.033	18%	$22,240,525
BMR	Ballymore Resources	0.11	16%	$13,888,740
FGH	Foresta Group	0.016	14%	$28,916,490
BIR	BIR Financial Ltd	0.051	13%	$13,513,285
XTE	Xtek Limited	0.465	12%	$42,231,107
CHM	Chimeric Therapeutic	0.029	12%	$13,889,277
HIQ	Hitiq Limited	0.02	11%	$4,802,027
NOR	Norwood Systems Ltd.	0.04	11%	$14,923,180
MXR	Maximus Resources	0.031	11%	$8,976,962
SPQ	Superior Resources	0.022	10%	$36,691,075
FIN	FIN Resources Ltd	0.025	9%	$14,283,813
SER	Strategic Energy	0.017	6%	$7,773,042
TTT	Titomic Limited	0.017	6%	$13,859,274
TWR	Tower Limited	0.605	6%	$216,305,873
AGH	Althea Group	0.038	6%	$14,257,582

Dacian Gold’s (ASX:DCN) board has told investors that they should definitely take up an offer from Genesis Minerals (ASX:GMD) for the latter to acquire all the bits of Dacian it doesn’t already own. It implies a value of $0.235 per Dacian Share which prices the company at around $265m – plus the improved offer if Genesis acquires a relevant interest in at least 95.1% of Dacian Shares on issue works out to $0.27 per share or a value of $328m.

Black Mountain Energy (ASX:BME) has settled the $10.4m sale of its Half Moon prospect, a well in the Permian basin, currently held by subsidiary Seven Rivers.

Melodiol Global Health (ASX:ME1) subsidiary, Health House International, has delivered an unaudited net profit of $312,548 from Australian operations in the September quarter.

LCL Resources (ASX:LCL) has received the critical environmental licence for its Miraflores gold deposit, part of the company’s 2.6Moz Quinchia gold project in Colombia.

And Ballymore Resources (ASX:BMR) has flagged extremely high-grade gold results with individual assays up to 2206 ppb Au (2.2 g/t) returned from soil sampling over its Dittmer prospect in Queensland.

More Top Small Cap Stories: Monday

Belararox (ASX:BRX) says early exploration works and earthworks are underway plus three additional environmental impact assessments have been approved for its Toro-Malambo-Tambo project in Argentina.

Assay results showing up to 2.73% Li from rock chip sampling at the Falcon Main deposit have confirmed mineralisation across a 5km corridor at Battery Age Minerals’ (ASX:BM8) recently consolidated Falcon lithium project in Ontario, Canada.

A maiden exploration program has already uncovered an extensive swarm of 85 pegmatite outcrops at the Pioneer Lithium (ASX:PLN) Root Lake project in Ontario.

Bindi Metals (ASX:BIM) has flagged large scale potential and 13 new rare earths, niobium drill targets at Schryburt Lake in Canada.

A 2km long chargeability anomaly has indicated that Titan Minerals (ASX:TTM) Copper Ridge and Meseta prospects at the Linderos project are connected as one large porphyry system.

Fin Resources (ASX:FIN) has increased its Cancet West project area by 57% to 79km2 after finding large spodumene crystals.

Sovereign Metals (ASX:SVM) has appointed experienced Africa-based mining executive Frank Eagar as its new managing director to lead development of its Kasiya rutile-graphite project in Malawi.

Maximus Resources (ASX:MXR) has inked two potentially company changing deals with Korean government agency KOMIR and battery maker LG Energy over the Lefroy lithium project.

NickelSearch (ASX:NIS) has reported assays over 5% lithium oxide (Li2O) at its flagship Carlingup nickel sulphide and lithium project in WA.

Anson Resources (ASX:ASN) has upgraded the resource at its Paradox lithium project in Utah by a huge 45% to 1.5Mt of Lithium Carbonate Equivalent (LCE) and 7.61Mt of bromine.

Peregrine Gold (ASX:PGD) says soil sampling at the Pilgangoora North project has confirmed lithium up to 613ppm and caesium up to 313ppm.

Blue Star Helium (ASX:BNL) is raising A$7m at $0.021 per share to support development of its Voyager helium production plant which is targeted for completion Q4 2023.

And as part of the approvals pathway to development, the WA Environmental Protection Authority has advised that De Grey Mining’s (ASX:DEG) Hemi will be assessed on referral information followed by a public review process.

At Stockhead we tell it like it is. While Belararox, Battery Age Minerals, Pioneer Lithium, Bindi Metals, Titan Minerals, Fin Resources, Sovereign Metals, Maximus Resources, NickelSearch, Anson Resources, Peregrine Gold, Melodiol Global Health, Blue Star Helium and are Stockhead advertisers, they did not sponsor this article.