Top 10 at 10: Which stock scored $923 MILLION to build a critical minerals project?

Stockhead’s Top 10 at 10, published at ~10.40am each trading day, highlights the best (and worst) performing ASX stocks in morning trade using live data.

It’s a short, sharp update to help frame the trading day by showing the biggest movers in percentage terms.

The market opens at 10am (eastern time) and the data is taken at 10:15am, once every ASX stock has started trading.

WINNERS

Stocks highlighted in yellow made market-moving announcements (click headings to sort).

Code	Company	Last	%	Volume	MktCap
AOA	Ausmon Resorces	0.003	50%	350,000	$2,117,999
AYM	Australia United Min	0.003	50%	710,476	$3,685,155
SIH	Sihayo Gold Limited	0.0015	50%	250,000	$12,204,256
SIT	Site Group Int Ltd	0.003	50%	17,361	$5,204,980
CLZDC	Classic Min Ltd	0.02	43%	1,671,196	$3,609,224
LNU	Linius Tech Limited	0.002	33%	2,054,907	$7,795,111
MRZ	Mont Royal Resources	0.085	29%	86,825	$5,611,966
ATH	Alterity Therap Ltd	0.005	25%	200,000	$20,952,072
EFE	Eastern Resources	0.01	25%	24,431,844	$9,935,572
VAL	Valor Resources Ltd	0.0025	25%	1,742,337	$9,178,027

It’s all about the explorers and mining project developers in early trade.

Australian Strategic Materials (ASX:ASM) has received a non-binding Letter of Interest from the Export-Import Bank of the United States for debt funding up to US$600m (A$923m) to build the Dubbo rare earths and critical minerals project.

It follows Export Finance Australia’s previous conditional finance support of A$200 million debt funding.

Eastern Resources (ASX:EFE) has returned several high grade lithium hits from drilling at its Lepidolite Hill project, including a highlight 11m at 2.27% Li2O from 49m (incl. 5m at 3.87% Li2O).

Most of the lithium appears related to lithium silicates petalite and/or spodumene, it says.

Meanwhile, Ausmon Resources (ASX:AOA) has returned “very encouraging” rare earths drill results from the Parrakie exploration license in South Australia.

LOSERS

Stocks highlighted in yellow made market-moving announcements (click headings to sort).

Code	Company	Price	%	Volume	Market Cap
BNL	Blue Star Helium Ltd	0.005	-29%	13,508,480	$13,595,857
CTN	Catalina Resources	0.003	-25%	50,000	$4,953,948
ERL	Empire Resources	0.003	-25%	657,455	$4,451,740
MRD	Mount Ridley Mines	0.0015	-25%	1,019,608	$15,569,766
TTI	Traffic Technologies	0.006	-25%	3,756,497	$6,061,361
1CG	One Click Group Ltd	0.008	-20%	54,253	$6,881,788
AMD	Arrow Minerals	0.004	-20%	10,679,658	$37,918,825
ME1	Melodiol Glb Health	0.004	-20%	157,201	$1,964,980
RIL	Redivium Limited	0.004	-20%	96,257	$13,654,274
ROG	Red Sky Energy.	0.004	-20%	269,375	$27,111,136