Rise and Shine: Everything you need to know before the ASX opens

On Stockhead today, why the uranium boom will be a boomer, Guy’s feeling all Patriotic, and the FDA countdown for Neuren begins

But first, the day ahead.

TRADING HALTS

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

DC Two (ASX:DC2) – Asset sale announcement

Los Cerros (ASX:LCL) – Capital raising

S2 Resources (ASX:S2R) – Capital raising

Medlab Clinical (ASX:MDC) – Capital raising

American West Metals (ASX:AW1) – Capital raising

Catalyst Metals (ASX:CYL) – Material acquisition

Norfolk Metals (ASX:NFL) – Exploration results from its Orroroo Project

Way2Vat (ASX:W2V) – Announcement in relation to the Endeavor Group Holdings arrangement

Silex Systems (ASX:SLX) – Capital raising

Conico (ASX:CNJ) – Capital raising

EML Payments (ASX:EML) – News about a letter that EML’s Irish subsidiary, PFS Card Services, got from the Central Bank of Ireland

Great Boulder Resources (ASX:GBR) – Drilling results incoming

Delta Drone International (ASX:DLT) – ASX Speeding ticket

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: $US1,826.03 (+0.07%)

Silver: $US21.52 (+0.11%)

Nickel (3mth): $US26,431/t (-2.49%)

Copper (3mth): $US9,112.00/t (-0.96%)

Oil (WTI): $US74.05 (+0.12%)

Oil (Brent): $US80.65 (+0.07%)

Iron 62pc Fe: $US131.5/t (-1.13%)

AUD/USD: 0.6814 (+0.16%)

Bitcoin: $US24,278 (+2.00%)

WHAT GOT YOU TALKING YESTERDAY?

Once it is built next year the Goulamina operation in Mali will have a more than two decade life ahead of it, with its first stage to see 506,000t of spodumene shipped each year.

$LLL @LeoLithiumLtd

NEW #Lithium Supplier!

1. #DSO from 2Q 2023
2. #Spodumene Concentrate from 1H 2024 @ 831ktpa

“Customers including its Chinese JV partner @GanfengOfficial are bullish on the long term outlook for the battery metal”

ref. https://t.co/dgmp683106 $LLL.AX

— sachz (@sachzaus) February 22, 2023

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.

YESTERDAY’S ASX SMALL CAP LEADERS

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

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

Mt Monger Resources (ASX:MTM) will buy the Pomme hard rock rare earths project in Quebec, Canada, from TSX listed explorer Geomega Resources for ~$1m in cash and shares.

The company says it has similar geology to Geomega’s advanced 266Mt Montviel carbonatite REE-Nb deposit, just 7km away.

Dateline Resources (ASX:DTR) now has a partner which will allow production to restart at its Gold Links gold mine in Colorado.

The deal combines DTR’s Gold Links mine and Lucky Strike processing plant with US company MW Sorter’s 51,000oz stockpiles at the London and Hock Hocking mines, ~160km from the plant.

The new entity will be owned 50% by DTR, 40% by MW and 10% by a private Aussie investor.

Wednesday’s biggest loser FYI Resources (ASX:FYI)  partially bounced back from its precipitous +60% fall.

The selloff began after US aluminium giant Alcoa pulled out of a deal to develop FYI’s advanced HPA project in Perth, WA.

The now scrapped agreement – which wasn’t popular with shareholders either — would’ve seen Alcoa acquire 65% of the project by spending $US243m on project development.

The project now reverts to FYI, who will develop an alternative plan and schedule for development with a “speed to market” approach.

YESTERDAY’S 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:

Red 5’s (ASX:RED) return to equity markets for the second time in under six months has left a sour taste for investors, who pummelled the stock after the gold miner re-emerged to trade after announcing the completion of a $90m cash call.

The $80m placement came at a 22.9% discount to its Monday price of 17.5c, with a $10m fully underwritten share purchase plan also announced.

Graphite project developer Talga Group (ASX:TLG) has raised $40m at $1.55/sh – a 11.5% discount to 20-day VWAP.

This represents a solid premium to TLG’s last raise in October, when it topped up its cash pile with a $32m placement and share purchase plan at $1.10/sh.

And law firm Shine Justice (ASX:SHJ) saw net profit after tax fall 18.39% to $10.65m in the six months ending December, compared to the same period in 2021.