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

On Stockhead today, is uranium the new lithium, the ASX stocks that hit 52-week highs in October, and ESG in SPAAAAAAAAACE.

But first, the day ahead.

AiGroup’s latest Performance of Construction Index is scheduled, while the RBA updates its economic forecasts in the quarterly Statement on Monetary Policy.

WHO’S SCHEDULED TO LIST?

TAITON RESOURCES (ASX:T88)

When: 12pm AEDT

Raised: $10m

Taiton’s projects include the Lake Barlee gold project in WA, the Highway polymetallic project in South Australia, and the Challenger West gold project also in South Australia.

The company believes its dominant land holding at the Highway Project will allow it to potentially uncover the next elephant deposit in Australia.

TRADING HALTS

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

Sipa Resources (ASX:SRI) – Capital raise

Cobalt Blue Holdings (ASX:COB) – Material fundraise

Southern Hemisphere Mining (ASX:SUH) – Capital raise

Novatti (ASX:NOV) – Novatti is, quite prudently, waiting for an announcement from the Australian Prudential Regulation Authority about its application for a restricted banking licence

Demetallica (ASX:DRM) – There’s news incoming about a “potential corporate transaction” involving the company

AIC Mines (ASX:A1M) – hold on a sec… A1M also has news incoming about a “potential corporate transaction involving the company”. Those two are at it again…

Invictus Energy (ASX:IVZ) – Invictus is prepping a response to a price query

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: $US1,621.60 (-0.82%)

Silver: $US19.031 (-1.28%)

Nickel (3mth): $US24,145/t (-2.31%)

Copper (3mth): $US7,626.5/t (-0.33%)

Lithium Carbonate, China (Benchmark Minerals Intelligence, NOV 2): $US75,125/t (+2.7% weekly, +122% year-to-date)

Lithium Hydroxide, China (Benchmark Minerals Intelligence, NOV 2): $US74,575/t (+2.4% weekly, +164.2% year-to-date)

Oil (WTI): $US88.51 (-1.65%)

Oil (Brent): $US94.76 (-1.45%)

Iron 62pc Fe: $US81.50 (0.00%)

AUD/USD: 0.63 (-0.55%)

Bitcoin: $US20,307.00 (+0.67%)

WHAT GOT YOU TALKING YESTERDAY?

Miner Jervois Global (ASX:JRV) is expecting a significant uptick in cobalt demand across 2023, “and then aggressively from early 2024.”

The next big shift in #battery tech could come from large-scale battery “power-banks” – which require huge cobalt inventories.https://t.co/aDK8LfsAEu

Drilling at Mt Mansbridge’s Deja Vu prospect has previously returned #cobalt hits as high as 0.34% over 30m#ASX $RMX.ax $RMX

— Red Mountain (@RedMountain_ASX) November 3, 2022

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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 the best performing ASX small cap stocks:

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

Norfolk Metals (ASX:NFL) hit native copper and sulphide mineralisation in its first hole at the Roger River project in Tasmania.

HITIQ (ASX:HIQ) signed a commercial agreement with Western Australian Football Commission to deploy its concussion management technology.

New Zealand Coastal Seafoods (ASX:NZS) has inked an MoU to licence the two provisional patents relating to the use of mussels with fucoidan as an anti-inflammatory remedy. “The MoU has the potential to unlock a number of sales opportunities for NZCS in the rapidly growing global nutraceutical market,” it says.

Explorer Oar Resources (ASX:OAR) will acquire a lithium project in WA.

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: