Good morning everyone.  On Stockhead today, We’re back in Canada’s James Bay where Patriot Battery Metals’ (ASX:PMT) Corvette project that put James Bay on the map as Canada’s (and the world’s) next lithium hotspot.

Numerous hits, including a highlight 83.7m at 3.13%, have culminated in a 109.2Mt at 1.42% Li2O maiden resource at the CV5 Pegmatite.

But Reuben reports, its popularity means James is now packed tight with TSXV and ASX hopefuls hoping to replicate PMT’s success.

Elsewhere, RareX has agreed to sell its 35% asset level interests in the Trundle, Fairholme, Jemalong, Cundumbul and Condobolin exploration licences in NSW to its Joint Venture partner, Kincora Copper (ASX:KCC).

With all permits secured IperionX (ASX:IPX) hopes to scale its planned Titanium Demonstration Facility (TCF-1) capacity to 1,125tpa of titanium metal within the existing 50,000 square foot shell building in Halifax County, Virginia, with first titanium production targeted for Q1, 2024.

But first, the day ahead…

 

TRADING HALTS

These stocks went into trading halts on Monday and should be out in the coming days.

Linius Technologies (ASX:LNU) – Capital raising.

South Harz Potash (ASX:SHP) – Capital raising.

Rimfire Pacific Mining (ASX:RIM) – Capital raising.

American West Metals (ASX:AW1) – Pending the release of exploration results at the mining company’s Storm project.

Meanwhile…

Talon Energy (ASX:TPD) – The oil trading and gas exploration company’s shares are suspended pending an update on a “proposed material transaction”. Per The Australian: it comes after Strike Energy, Talon’s 55 per cent partner in the Walyering gas fields in the Perth Basin, withdrew a $125m takeover offer before it could be rejected.

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: $US1965.34 (+0.31%)

Silver: $US24.74 (+1.69%)

Nickel (3mth): $US22,305/t (-0.01%)

Copper (3mth): $US8,836/t (+2%)

Oil (WTI): $US81.73 (+1.43%)

Oil (Brent): $US85.27 (+1.02%)

Iron 62pc Fe: $US112.46/t (+0.20%)

AUD/USD: 0.6714 (-0.4%)

Bitcoin: $US29,227 (+0.12%)

 

WHAT GOT YOU TALKING

Titanium.

For all you crypto lovers Stockhead’s Coinhead Twitter is the place to share your views, insights, tips and ideas.

Also, be sure to check in preopen each day for ‘Market highlights and 5 ASX small caps to watch’, and 10.30am for our daily ‘10 at 10’ column — a live summary of winners & losers at the opening bell.

 

MONDAY’S ASX SMALL CAP LEADERS

Here are the worst performing ASX small cap stocks:

Swipe or scroll to reveal full table. Click headings to sort:

Code Company Price % Volume Market Cap
TD1 Tali Digital Limited 0.0015 50% 133,152 $3,295,156
XTC Xantippe Res Ltd 0.0015 50% 2,894,690 $11,480,100
ERG Eneco Refresh Ltd 0.019 46% 167,103 $3,540,659
MTH Mithril Resources 0.002 33% 1,760,790 $5,053,207
AYT Austin Metals Ltd 0.009 29% 6,500 $7,111,123
PPG Pro-Pac Packaging 0.27 29% 31,565 $38,154,419
ECG Ecargo Hldg 0.0175 25% 214,463 $8,613,500
LSR Lodestar Minerals 0.01 25% 22,860,464 $14,747,179
EOF Ecofibre Limited 0.21 24% 3,367,691 $59,366,474
BEX Bikeexchange Ltd 0.006 20% 2,500,004 $5,945,751
KAI Kairos Minerals Ltd 0.024 20% 33,183,828 $52,418,244
SFG Seafarms Group Ltd 0.006 20% 188,306 $24,182,996
AMA AMA Group Limited 0.1425 19% 5,148,050 $128,768,426
AJX Alexium Int Group 0.019 19% 607,121 $10,422,236
HXL Hexima 0.021 17% 29,931 $3,006,713
EDE Eden Inv Ltd 0.0035 17% 5,399,929 $8,990,833
MOB Mobilicom Ltd 0.014 17% 6,101,337 $15,920,120
OPN Oppenneg 0.007 17% 83,002 $6,700,078
EMC Everest Metals Corp 0.19 15% 264,924 $21,356,463
CDR Codrus Minerals Ltd 0.094 15% 223,697 $6,185,260
AD1 AD1 Holdings Limited 0.008 14% 866,052 $5,757,983
ADS Adslot Ltd. 0.004 14% 5,198,763 $11,433,159
GLA Gladiator Resources 0.016 14% 1,398,462 $7,646,379
PIL Peppermint Inv Ltd 0.008 14% 118,717 $14,264,998
RLG Roolife Group Ltd 0.008 14% 85,000 $5,036,907
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TALi Digital (ASX:TD1) finished to the tune of +50%.  The medical device and digital therapeutic tech company, which is focused on cognitive training for 3-10 year-olds, posted a strong Q4-FY23 activities report with annualised costs reduced by $1.7 million.

Industrial hemp company Ecofibre (ASX:EOF), which lit up the ASX small caps this morning, quickly getting high and finishing on cloud 9 but probably hungry for more by the end of the arvo sesh (+24% at close).

Read Gregor’s Lunch Wrap for the detail and derogatory humour:

“The company’s specialty manufacturing division, Hemp Black, has signed a Memorandum of Understanding (MOU) with Under Armour.

“The three-year deal is expected to bring in $9 million per annum, per machine, with a second machine on order to meet demand, financed by Under Armour for $4.5 million. Commissioning of the machinery is expected to take place by Q1 2024.

“Additionally, Hemp Black has also announced an agreement with Cruz Foam to manufacture a sustainable, biodegradable packaging material for its customers, expected to provide $3 million in annual revenue.”

Mithril Resources (ASX:MTH): +33% > The precious metals exploration company is another one boasting a good quarterly report, in which it highlighted, among other things, its Scheme Implementation Deed (SID) with Newrange Gold Corp.

 

MONDAY’S ASX SMALL CAP LAGGARDS

Here are the worst performing ASX small cap stocks:

Swipe or scroll to reveal full table. Click headings to sort:

Code Company Price % Volume Market Cap
DXN DXN Limited 0.001 -50% 450,384 $3,442,630
MEB Medibio Limited 0.001 -33% 4,500,000 $7,725,891
SPL Starpharma Holdings 0.225 -31% 4,496,917 $133,410,250
SCT Scout Security Ltd 0.017 -26% 204,944 $5,305,364
EEL Enrg Elements Ltd 0.006 -25% 21,591,912 $8,073,874
FGL Frugl Group Limited 0.011 -21% 104,394 $13,384,868
SLR Silver Lake Resource 0.89 -20% 66,613,507 $1,036,664,931
T92 Terrauraniumlimited 0.12 -20% 265,982 $7,740,774
AUK Aumake Limited 0.004 -20% 1,729,568 $7,436,297
RMX Red Mount Min Ltd 0.004 -20% 2,247,675 $11,559,255
GRE Greentechmetals 0.295 -19% 808,712 $20,657,378
CBR Carbon Revolution 0.19 -19% 1,759,803 $49,855,839
NAG Nagambie Resources 0.033 -18% 545,214 $23,269,053
FFF Forbidden Foods 0.019 -17% 505,707 $3,374,803
FRX Flexiroam Limited 0.029 -17% 5,259,948 $23,225,710
3DP Pointerra Limited 0.17 -17% 20,076,455 $138,950,272
CMO Cosmometalslimited 0.083 -17% 29,971 $3,308,650
CVV Caravel Minerals Ltd 0.22 -17% 2,230,103 $126,983,859
AQD Ausquest Limited 0.015 -17% 105,560 $14,852,686
MXC Mgc Pharmaceuticals 0.0025 -17% 4,378,508 $11,677,079
PUA Peak Minerals Ltd 0.0025 -17% 2,918,927 $3,124,130
TIG Tigers Realm Coal 0.005 -17% 500 $78,400,214
TSL Titanium Sands Ltd 0.005 -17% 1,325,505 $9,704,145
C29 C29Metalslimited 0.07 -16% 130,771 $3,433,453
BNO Bionomics Limited 0.011 -15% 5,126,311 $19,093,561
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