And with a mighty *THOOMPH*, Andreas was expelled into the darkness, like an unpopped kernel of popcorn during a particularly boring romantic comedy. Pic via Getty Images.
News
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.
| CODE | COMPANY | PRICE | % | MARKET CAP |
|---|---|---|---|---|
| NRZ | Neurizer Ltd | 0.014 | 100% | $9,645,620 |
| DXN | DXN Limited | 0.0015 | 50% | $2,153,340 |
| EVG | Evion Group NL | 0.032 | 33% | $8,303,020 |
| PHL | Propell Holdings Ltd | 0.013 | 30% | $1,203,555 |
| NKL | Nickelx Ltd | 0.04 | 25% | $2,810,085 |
| KNM | Kneomedia Limited | 0.003 | 20% | $3,833,178 |
| MOM | Moab Minerals Ltd | 0.007 | 17% | $4,271,781 |
| SSL | Sietel Limited | 9.2 | 15% | $64,219,982 |
| PMT | PatriotBattery Metals | 0.845 | 14% | $372,960,118 |
| ROC | Rocketboots | 0.13 | 13% | $3,741,928 |
| MYG | Mayfield Group Ltd | 0.62 | 13% | $49,806,691 |
| M2R | Miramar | 0.027 | 13% | $3,572,869 |
| BME | Black Mountain Energy | 0.01 | 11% | $3,449,018 |
| ME1DA | Melodiol Global Health | 0.022 | 10% | $4,728,824 |
| STK | Strickland Metals | 0.115 | 10% | $174,279,645 |
| BDM | Burgundy D Mines Ltd | 0.185 | 9% | $241,604,889 |
| GTE | Great Western Exp. | 0.026 | 8% | $8,352,255 |
| PIQ | Proteomics Int Lab | 0.92 | 8% | $103,984,513 |
| GRR | Grange Resources | 0.48 | 8% | $515,015,721 |
| LEG | Legend Mining | 0.014 | 8% | $37,758,203 |
Koba Resources (ASX:KOB) has discovered a new set of stacked LCT (lithium-caesium-tantalum) pegmatites at the Blue Moon Prospect within its Whitlock Lithium Project in Canada, with outcrop and channel sampling returning results including highly anomalous assays up to 3,806ppm (0.38%) Cs2O, 731ppm Ta2O5, 1,498ppm (0.15%) Li2O and 6,259ppm (0.63%) SnO2.
Recharge Metals’ (ASX:REC) Express project is right in the thick of a spodumene-bearing pegmatite trend – strategically positioned between Arcadium’s (ASX:LTM) (formerly Allkem) 110.2Mt @ 1.3% Li2O James Bay lithium deposit and Patriot Battery Metals’ (ASX:PMT) and Cygnus Metals’ (ASX:CY5) respective Pontax projects.
Brazilian Rare Earths (ASX:BRE) is shifting gears in Brazil’s east after the company announced an “accelerated” consolidation plan at the Rocha de Rocha Rare Earth Province. BRE shared today it has signed a binding option agreement to acquire the “advanced” Sulista Rare Earth project, 80km southwest from its existing Monte Alto project.
The acquisition of Sulista adds more than 100sq km of exploration licences to BRE’s portfolio. Peers in the area include Australian Mines (ASX:AUZ) which announced in December it was moving into the neighbourhood with its Jequie rare earths project, adjacent to BRE.
Anson Resources (ASX:ASN) has significantly de-risked the company’s development plans following the completion of a geotechnical engineering study, which confirmed the subsurface conditions are suitable for construction of a proposed processing plant.
Initial soil sampling at Moab Minerals’ (ASX:MOM) Woodlands gold and base metals project in WA’s Murchison region has successfully identified two gold anomalous areas over a 20km structural corridor in the state’s Jillawarra Belt, a structurally controlled zone of clastic and carbonate sedimentary rocks, and is also considered to be prospective for Abra-style base metal mineralisation.
Western Yilgarn (ASX:WYX) has finalised a binding term sheet with Fleet Street Holdings securing WYX the exclusive right to earn-in between a 51% and 80% interest in four tenements (E36/1020, E 57/1235, E 36/1081 and E36/1046, all under application), which are strategically located in the highly prospective Holmes Dyke and Mt Ida Fault region of Western Australia.
Reverse circulation drilling is underway at Mt Malcolm Mines (ASX:M2M) brownfields Golden Crown gold prospect, to advance its strategy of building high-grade resources to support a sustainable production base ahead of delivery of a maiden resource.
Summit Minerals (ASX:SUM) has changed tack and opened the door to uranium exploration and M&A at Stallion, as uranium prices continue to skyrocket leading to renewed investment in the industry as the energy transition and willingness of global governments to support the nuclear energy space continue to grow.
Sovereign Metals (ASX:SVM) has announced that it’s secured the services of African-based social specialist consultancy SocialEssence, to lead development programs and design, implement and manage several social and community initiatives, which will feed into the DFS and permitting requirements.
Meanwhile, Power Minerals (ASX:PNN) is in the money this morning, after securing a a $1 million funding facility to support the near-term project-advancing activities and working capital requirements across its project portfolio. The six-month loan is on top of an expected $1.5 million from the sale of its non-core Santa Ines Copper-Gold Project to Fuyang Mingjin Development Co, and a US$1 million payment on the way from the second tranche of the strategic investment from its direct lithium extraction (DLE) technology provider Summit Nanotech.
Meanwhile meanwhile, Neurotech (ASX:NTI) has delivered its quarterly report, revealing that the company has total operating cash inflows for the quarter of $1.3 million (Q1 FY24: $2.1 million outflow), driven by the $3.2 million R&D tax incentive rebate paid during the current quarter, leaving the company with cash and cash equivalents of $4.5 million (Q4 FY23: $2.9 million), which is sufficient to complete all active clinical trials as previously indicated to the market.
Meanw… yep… Aura Energy (ASX:AEE) has tied up a string of Option Funding Agreements, under which certain investors have agreed to prepay the Company approximately A$4.3 million – which is equal to the exercise monies for all remaining options expiring 30 June 2024.
Annnd Lithium Universe (ASX:LU7) has hired in a new pair of hands, bringing John Sobolewski on board as chief financial officer. Described as a “career mining industry CFO”, Sobolewski most recently crunched the numbers for Galaxy Resources, where he was instrumental in the funding of Mt Cattlin Mine and Jiangsu Refinery, and prior to that he was running the show at Mintrex Engineering.
At Stockhead we tell it like it is. While several companies mentioned in this story are Stockhead advertisers, they did not sponsor this article.
Get the latest Stockhead news delivered free to your inbox.
