Rise and Shine: What you need to know before the ASX opens
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But first, the day ahead.
The following companies are in trading halts and are expected out in the next two trading days:
Nuheara (ASX:NUH) – clinical trial commencement
African Energy Resources (ASX:AFR) – capital raising
Alkane Resources (ASX:ALK) – exploration results
Firefinch (ASX:FFX) – joint venture update
Dropsuite (ASX:DSE) – capital raising
Canterbury Resources (ASX:CBY) – joint venture and capital raising
IOUpay (ASX:IOU) – s.1322 relief
Pantoro (ASX:PNR) – strategic investment
4DS Memory (ASX:4DS) – technical update
GTI Resources (ASX:GTR) – capital raising and acquisition
Tombola Gold (ASX:TBA) – capital raising
Aldoro Resources (ASX:ARN) – drilling update
Tali Digital (ASX:TD1) – capital raising
Steadfast Group (ASX:SDF) – capital raising
Locality Planning Energy (ASX:LPE) – capital raising
Maximus Resources (ASX:MXR) – capital raising
Mitchell Services (ASX:MSV) – capital raising
Gold: $US1,787.10 ($2,436.71) (+0.45%)
Silver: $US23.84 ($32.51) (+0.41%)
Oil (WTI): $US67.46 (-1.43%)
Oil (Brent): $US69.67 (-1.30%)
Coal: $US172.25 (+0.58%)
Iron 62pc Fe: $US166.96 (-0.59%)
AUD/USD: $US0.7333 (-0.47%)
Bitcoin: $US46,098.02 (-1.49%)
You were feeling exuberant about the tailwinds for battery-grade manganese.
#E25 (@Element25Ltd) $FRB (@AsxFrb)#Manganese demand in lithium-ion batteries will climb an astonishing 9.3 times between today and 2030, according to @business, having the biggest growth profile for any of the currently recognized battery metals.https://t.co/xPSXd2QUCf
— 10 Bagger Club (@10BaggerClub) August 16, 2021
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Dimerix (ASX:DXB) announced a $20 million placement to fund Phase 3 trials for the application of Dimerix’s proprietary DMX-200 formula in the treatment of FSGS kidney disease.
The placement also brought on board Andrew Chapman’s Merchant Funds Management as a major institutional investor.
Nexus Minerals (ASX:NXM) and Australian Mines (ASX:AUZ) had the big news at the small end of the resources sector with Nexus hitting 14m at 8.8g/t at its Wallbrook project near Kalgoorlie and Australian Mines announcing an offtake deal with battery making giant LG Energy Solutions for its Sconi nickel and cobalt project in Queensland.