On Stockhead today, a bargain basement REE stock with wealthy neighbours, upsized targets for 6 ASX lithium stocks, and a big uranium bet.
But first, the day ahead.

Local shares are set to open lower today. At 8am AEST, the ASX 200 October futures contract is pointing down by 1%.

TRADING HALTS

The following companies are in trading halts and are expected out in the next few days:

Victory Goldfields (ASX:1VG) – Capital raise

Consolidated Zinc (ASX:CZL) – Capital raise

Encounter Resources (ASX:ENR) – Capital raise

Estrella Resources (ASX:ESR) – Capital raise

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: $US1,664.83 (-0.65%)

Silver: $US19.26 (-1.78%)

Nickel (3mth): $US23,127/t (-4.50%)

Copper (3mth): $US7,729.50/t (+0.94%)

Lithium Carbonate, China (Benchmark Minerals Intelligence, Sept 14): $US71,500/t (+98.6% year-to-date)

Lithium Hydroxide, China (Benchmark Minerals Intelligence, Sept 14): $US70,550/t (+135.6% year-to-date)

Oil (WTI): $US84.27 (-1.70%)

Oil (Brent): $US89.20 (-3.04%)

Iron 62pc Fe: $US98.80(-0.19%)

AUD/USD: 0.6691 (-0.40%)

Bitcoin: $US19,050 (-2.45%)

WHAT GOT YOU TALKING YESTERDAY?

Who doesn’t like a stock that has a good return?

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Also, be sure to check in pre-open 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 BIGGEST SMALL CAP WINNERS

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Kula Gold (ASX:KGD), has jumped again, on top of yesterday’s late (but substantial) gains.

On Monday, KGD revealed plans to raise $1.8m to fast-track its WA lithium exploration and “assess new opportunities in the sector”.

Funds raised from the placement will focus on accelerating lithium exploration work at the company’s 100% owned Brunswick project in WA — ~45km from the Greenbushes lithium mine — as well as follow up recently identified Westonia Ni/PGE/Gold prospects adjacent to the Edna May gold mine, also in WA.

“Kula is also assessing new opportunities in the lithium sector that would complement the existing Brunswick lithium project,” it says.

This $7.5m market cap junior explorer is now up 40% since yesterday morning.

Meanwhile our colleague Cameron England over at The Oz, says it’s a Tuesday Revolution over at the renewable tech play 1414 Degrees (ASX:14D).

Cameron reports the original founders have ganged up to remove Dr Kevin Moriarty – who helped list 1414 four years ago – from the company board.

Dr Moriarty resigned from the board last year, after failing to get the numbers for a tilt at control, but this year succeeded in sneaking back on to the board in June, where a vote to remove two directors and chair Tony Sacre failed.

1414 shares jumped 6% on the news, as the firm looks to build out its silicon-based renewable storage tech SiBox. For now however, it’s a bump to the stock price and lawyers at 50 paces.

Back to the diggers – and Ragusa Minerals (ASX:RAS) snapped up another lithium exploration tenement in the NT.

The wider NT ‘Supergroup’ lithium project area is within the Litchfield Pegmatite Belt – host to Core Lithium’s (ASX:CXO) neighbouring Finnis Project, Lithium Plus (ASX:LPM), Charger Metals (ASX:CHR) and others.

Stockhead’s Reuben Adams reports that two more tenement applications are currently being processed by the NT Mineral Titles office.

“This is another very positive milestone that puts Ragusa in a strong position to rapidly accelerate the development of our project within a proven high-quality lithium district,” RAS chair Jerko Zuvela says.

YESTERDAY’S BIGGEST SMALL CAP LOSERS

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