On Stockhead today, Fitz has got his hands on the annual must-see Garimpeiro extravaganza of junior exploration stocks to stick to, come meet the meat that made the 2023 list ‘cos they’re ALL leveraged to exploration upside…

We’re ALL so into battery metals a the moment, so we asked  VP Capital co-founder John So to share his 3 favourite major plays

But first, the day ahead.

Wall Street took one on the chin overnight, as officials revealed that last week the US Strategic Petroleum Reserve (SPR) fell to lows not seen or possibly imagined since 1983.

The cost of gasoline and oil prices is also rising in bad news for the US administration and for fans of a robust Wall Street.

The Dow Jones Industrial Average  and the S&P 500 lost about 150 points, or 0.5.5%, while the tech-heavy Nasdaq Composite fell almost 1%.

Energy, naturally, was the biggest drag.

Here in Europe, markets have closed mixed on Wednesday the unnatural cost of natural energy and fossil fuels possibly compounded by confusion around the progress of China’s reopening and the impact of mixing oil, Russia, sanctions and the uncertainty of a new year.

TRADING HALTS

The following stocks went into trading halts yesterday and are expected out in the coming days:

DC Two (ASX:DC2) – Share Purchase Agreement (SPA)

Energy Transition Minerals (ASX:ETM) — a response to an ASX price query letter

 

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: $US1,803.23 (-0.59%)

Silver: $US23.85 (-0.78%)

Nickel (3mth): $US29,547/t (+1.05%)

Copper (3mth): $US8,349.50/t (+0.47%)

Lithium Carbonate, China (Benchmark Minerals Intelligence, DEC 21): $US80,275/t (-1.3% weekly, +123% year-to-date)

Lithium Hydroxide, China (Benchmark Minerals Intelligence, DEC 21): $US80,650/t (-0.4% weekly, +169.2% year-to-date)

Oil (WTI): $US79.365 (-0.23%)

Oil (Brent): $US84.12 (-0.25%)

Iron 62pc Fe: $US114.00 (+1.79%)

AUD/USD: 0.678 (+0.89%)

Bitcoin: $US16,673 (-0.09%)

 

WHAT GOT YOU TALKING YESTERDAY?

Where will the investor money flow in 2023? Is it uranium’s turn to sparkle?

Keep up to date with Stockhead coverage or you’ll miss gold like that EVERY DAY. Follow our Twitter page.

For all you crypto lovers Stockhead’s Coinhead Facebook group 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.

 

ASX SMALL CAP LEADERS

Here are yesterday’s best performing ASX small cap stocks:

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Energy Transition Minerals (ASX:ETM) has finished the day 25.4% higher on no news – but the announcement from last week that it’s put in an amended application for its exploitation licence for the Kvanefjeld rare earth element Project in Greenland seems to have been warmly embraced by punters.

It’s some positive news for the stock formerly known as Greenland Minerals, which bore the brunt of new legislation passed by the Greenland government in 2021.

The new legislation banned the mining of mineral resources with a uranium content of 100 parts per million or more, which placed Kvanefjeld and its 0.036% (360ppm) uranium oxide content squarely in the crosshairs.

The new amended application proposes an alternative development scenario, in which only rare earths, zinc and fluorspar will be exploited at Kvanefjeld.

Uranium will be “treated as an impurity, safely removed, and stored as tailings”, ETM says.

It’s all good news in DXN’s (ASX:DXN) end of year business update, with the data centre maker receiving first cashflows from a recent agreement.

It also says uncertainty in recent months around the company’s EDGE module manufacturing business “has been resolved”, with prospective customers resuming their engagement with DXN.

And software company Limeade (ASX:LME) has signed a three-year US$5.1 million enterprise contract with Marsh McLennan, a global professional services firm, representing Contracted Annual Recurring Revenue (CARR) of $1.7 million.

Marsh McLennan is slated to launch Limeade to its global workforce in March 2023.

 

ASX SMALL CAP LAGGARDS

Here are yesterday’s worst performing ASX small cap stocks:

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

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