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

Good morning everyone, and welcome to Tuesday, October 15, 2024 – an important date in the history of embarrassing resumes.

That’s because it was on this day in 1066 that Edgar Ætheling was crowned King of England after the death of Harold II at the hands of a gang of oddly courageous Frenchmen from Normandy at the Battle of Hastings.

Edgar was betrayed within two months by Stigand, the Archbishop of Canterbury, who submitted to William the Conqueror in exchange for an immortal existence as a mysterious masked driver known as “The Stig”.

The young king absconded to Scotland where he was betrayed by King Malcolm in retribution for the Three Lions’ fractious win over the Scottish in the ’96 Euros.

Edgar was expelled in 1072, backed William’s son Robert to a loss in the war to succeed the Norman king in 1091 and finally got his own nephew on a throne after accepting the consolation prize of invading Scotland with a comically large army in 1097, kinda like a parents vs children rugby game.

Not knowing when to quit, England’s answer to the Washington Generals backed Robert in a losing bout against his younger bro Henry in 1106 and receded into anonymity after a pardon, removing any reference to his two month stint on the English throne from his LinkedIn page.

Luckily for you, you won’t have to suffer a series of emasculating professional setbacks in order to get your hands on good pre-market info today.

That’s because – as always – we’ve worked super-hard to gather together lots of fiddly little things below, so you don’t need to go ferreting all over the internet for your ASX info this morning.

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: US$2,663.36/oz (+0.56%)

Silver: US$31.49/oz (+0.99%)

Iron Ore: US$107.65/t (+1.36%)

Nickel (3mth): US$17,864/t (+1.84%)

Copper (3mth): US$9,791.50/t (+0.70%)

Zinc: US$3,154/t (+2.19%)

Oil (WTI): US$74.27/bbl (-1.71%)

Oil (Brent): US$77.71/bbl (-1.68%)

AUD/USD: 0.6735 (-0.22%)

Bitcoin: US$64,043.71 (+2.06%)

WHAT GOT YOU TALKING

James Bay Minerals (ASX:JBY) sought some Independence from the lithium price with the purchase of a Nevada gold project. Presenter Sarah Hughan has the deets.

In this episode of Break it Down, host Sarah Hughan tells all on James Bay Minerals’ deal to earn-in up to 100% of the advanced and high-grade Independence gold project in the US. https://t.co/kYaIASOUvV @JamesBayMin #ASX $JBY

— Stockhead (@StockheadAU) October 14, 2024

YESTERDAY’S ASX SMALL CAP LEADERS

Here are the best performing ASX small cap stocks:

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

Code	Name	Price	% Change	Volume	Market Cap
OAR	OAR Resources Ltd	0.003	200%	19,205,027	$3,300,835
RNE	Renu Energy Ltd	0.002	100%	3,280,446	$845,245
JBY	James Bay Minerals	0.330	65%	4,503,210	$6,688,500
XF1	Xref Limited	0.205	52%	4,936,044	$25,526,241
VPR	Voltgroupltd	0.002	50%	1,452,568	$10,716,208
PAT	Patriot Lithium	0.057	36%	1,229,394	$4,346,180
ALR	Altairminerals	0.004	33%	34,000	$12,889,733
AMD	Arrow Minerals	0.002	33%	24,921,174	$19,072,296
CR1	Constellation Res	0.160	28%	243,931	$7,879,903
NYM	Narryermetalslimited	0.028	27%	10	$2,915,134
NSM	Northstaw	0.024	26%	135,660	$3,054,740
TEG	Triangle Energy Ltd	0.008	25%	9,345,687	$12,480,804
CTO	Citigold Corp Ltd	0.005	25%	375,991	$12,000,000
EEL	Enrg Elements Ltd	0.003	25%	103,926	$2,090,032
GTI	Gratifii	0.005	25%	9,720	$8,596,785
TMK	TMK Energy Limited	0.003	25%	3,797,000	$15,183,224
NSX	NSX Limited	0.042	24%	983,291	$15,564,553
BNZ	Benzmining	0.210	24%	150,442	$18,168,652
KLI	Killiresources	0.180	20%	524,194	$21,033,561
AIV	Activex Limited	0.006	20%	500,197	$1,077,513
MVL	Marvel Gold Limited	0.012	20%	7,598,253	$8,637,907
NES	Nelson Resources.	0.003	20%	550,598	$1,596,486
SFG	Seafarms Group Ltd	0.003	20%	630,000	$12,091,498

Yesterday’s Small Cap Winners included:

Oar Resources (ASX:OAR) rose by 200% on no specific news, prompting the ASX to issue the company with a speeding ticket. Oar confirmed there was no insider news or anything to worry about, except for ongoing management restructuring and a renewed focus on its uranium projects.

ReNu Energy (ASX:RNE) partially disclosed a behind-doors offer for its hydrogen assets including Tasmanian green hydrogen project that was recently awarded an $8m grant from the Tasmanian Government based on delivering green hydrogen to customers. The receipt of a non-binding indicative offer for its hydrogen subsidiary, Countrywide Hydrogen, generated investor interest.

James Bay Minerals (ASX:JBY) made headlines with a surprise $2.4 million acquisition of the high-grade Independence gold project in Battle Mountain, Nevada. Known for its extensive landholdings in the James Bay region, JBY has focused on lithium in Quebec but is shifting to gold as lithium prices cool and gold hits record highs of around $2,650/oz.

The Independence project features the Skarn deposit, which has a resource of 796,000 oz at 6.53 g/t gold, with potential for further expansion. Located near Nevada Gold Mines’ Phoenix project and 16 km south of Battle Mountain, the site has shown promising new high-grade discoveries, including a notable hit of 24.4 m at 9.11 g/t gold.

The acquisition terms include $2.4 million in shares for an initial 51.54% stake, with the option to acquire the remaining 48.46% over the next two years.

Xref (ASX:XF1) was up after announcing that it is set to be acquired by jobs platform Seek (ASX:SEK). XF1 said it had entered into an exclusivity deed with SEK following receipt of a non-binding indicative offer to acquire all of its shares for 21.81 cents in cash/share, by way of a scheme of arrangement.

Patriot Lithium (ASX:PAT) was up on news. But recently, Patriot announced it was acquiring the Katwaro copper project in Zambia. PAT’s move into copper aligns with its strategy to diversify and enhance its battery metals portfolio. The company is currently conducting due diligence on Katwaro and plans to resume exploration at its lithium projects as conditions improve in spring.

Clarity Pharmaceuticals (ASX:CU6) is set to launch a phase III trial in the US for diagnosing recurrent prostate cancer, following positive feedback from the FDA. The Amplify trial will enrol around 220 patients with rising prostate-specific antigen levels, and will utilise Clarity’s 64Cu-SAR-bisPSMA PET imaging device.

YESTERDAY’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	Name	Price	% Change	Volume	Market Cap
WEB	WEB Travel Group Ltd	4.620	-34%	25,585,279	$2,759,488,410
IR1	Irismetals	0.260	-29%	1,450,365	$50,775,143
D3E	D3 Energy Limited	0.090	-28%	154,197	$9,934,376
1TT	Thrive Tribe Tech	0.002	-25%	13,582	$1,223,243
TMX	Terrain Minerals	0.003	-25%	2,288,164	$7,200,115
TYX	Tyranna Res Ltd	0.003	-25%	392,432	$13,151,701
YAR	Yari Minerals Ltd	0.003	-25%	125	$1,929,431
WBE	Whitebark Energy	0.007	-22%	84,321	$2,271,001
IMI	Infinitymining	0.030	-21%	581,471	$5,158,277
88E	88 Energy Ltd	0.002	-20%	3,841,926	$72,334,530
BYH	Bryah Resources Ltd	0.004	-20%	82,000	$2,516,434
RMX	Red Mount Min Ltd	0.008	-20%	80,992	$3,873,578
TSL	Titanium Sands Ltd	0.004	-20%	18,237	$11,058,736
STM	Sunstone Metals Ltd	0.007	-19%	22,612,193	$34,607,229
BCM	Brazilian Critical	0.009	-18%	8,508,698	$9,138,134
CUL	Cullen Resources	0.005	-17%	324,813	$4,160,411
CYQ	Cycliq Group Ltd	0.005	-17%	30,000	$2,673,100
CZN	Corazon Ltd	0.005	-17%	1,600,000	$4,007,434
H2G	Greenhy2 Limited	0.005	-17%	829,800	$3,589,105
IBG	Ironbark Zinc Ltd	0.003	-17%	24,000	$5,500,943
OPL	Opyl Limited	0.020	-17%	50,000	$4,097,151