In Case You Missed It: Rare earths, EBITDA growth and dash of gold
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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, that made announcements today.
Viridis Mining and Minerals (ASX:VMM) has reported 46m at 3,285 ppm Total Rare Earth Oxide (TREO) from surface from its newly acquired Colossus rare earths (REE) project in Minas Gerais, Brazil.
The diverse SSH Group (ASX:SSH) – which has a safety, people, and equipment division covering the construction, civil and mining sectors – has reported that strong 40% margins have generated a tidy 169% EBITDA growth over 12 months to $4.7m.
AML3D (ASX:AL3) has received A$2.2m order for the largest custom built ARCEMY metal 3D printing system to date by US value-added reseller Phillips Corp. on behalf of Austal USA.
And Pacgold (ASX:PGO) has identified multiple new regional structures, including surface rock chips up to 47.4g/t gold which defined a >2km strike length structure, at its Alice river project in QLD.
Future Battery Minerals (ASX:FBM) has appointed former Fortescue Metals Group (ASX:FMG) boss Neville Power as non-executive director to drive the company’s lithium development plans in WA and Nevada, USA.
Koonenberry Gold (ASX:KNB) is about to commence deeper AC drilling at the Bellagio prospect in NSW after hitting up to 4.47g/t gold.
Charger Metals (ASX:CHR) has entered into a binding farm-in agreement with Rio Tinto (ASX:RIO) subsidiary Rio Tinto Exploration (RTX) including a potential $42.5m investment for RTX to earn a 75% stake in Lake Johnson project.
Botala Energy (ASX:BTE) has completed the third pilot well at its Pitse project, Serowe-3.5, which is the central well of the five-well system and should become project’s first production well.
Torque Metals (ASX:TOR) has found spodumene in RC drill chips at its New Dawn lithium project in WA.
OD6 Metals (ASX:OD6) has received its R&D tax offset of A$962,697 for FY23.
Ionic Rare Earths (ASX:IXR) has received firm commitments to raise $5.9m via a placement at $0.021 complete the Makuutu demonstration plant and ramp up its magnet recycling demonstration plant to 24/7 continuous operation from early January 2024.
At Stockhead we tell it like it is. While Future Battery Minerals, Golden State Mining, Tambourah Metals, Marmota, Charger Metals, First Lithium, Botala Energy, Fin Resources, Koonenberry Gold, Torque Metals, OD6 Metals, Ionic Rare Earths and Golden Mile Resources are Stockhead advertisers, they did not sponsor this article.