Pic: Getty
Eye on Lithium: Arnie sells EVs at the SuperBowl, raw material supply remains tight
Mining
share
- EV spruiked by Arnie, US President Joe Biden
- Mark Creasy scoops up 9.6% stake in gold-lithium explorer Peregrine Gold for $2.25m
- Vulcan set to dual list on the Frankfurt Stock Exchange (FSE)
- Kairos finds 2.7km long lithium and pathfinder elements anomaly at Roe Hills
All your ASX lithium news for Tuesday, February 15.
EVs are so hot right now if the Super Bowl ads are anything to go by.
Not that we’re complaining about Arnie as the Zeus we didn’t know we needed.
I had such a blast filming with @salmahayek for @BMWUSA! Now…GET TO THE CHARGER!! @BMW #BMWElectric #ad pic.twitter.com/o2YmKELhIL
— Arnold (@Schwarzenegger) February 9, 2022
Even Joe Biden jumped on the promo bandwagon.
The ads during last night’s Super Bowl were clear: The future of the auto industry is electric. My Administration is making historic investments in electric vehicles and is building a nationwide network of EV chargers — creating good-paying, union jobs.
— President Biden (@POTUS) February 14, 2022
And yet the problem of raw material supply remains — Fastmarkets’ says that lithium supply in the seaborne East Asia and global market could remain tight for quite some time.
Here’s how ASX lithium stocks are tracking today:
| Code | Company | Price | % Month | % Week | % Today | Market Cap |
|---|---|---|---|---|---|---|
| TKL | Traka Resources | 0.015 | -6% | 0% | 25% | $7,465,294.73 |
| PGD | Peregrine Gold | 0.67 | -4% | 22% | 18% | $19,154,163.15 |
| TSC | Twenty Seven Co. Ltd | 0.004 | -11% | 14% | 14% | $9,312,848.67 |
| KZR | Kalamazoo Resources | 0.35 | -1% | 8% | 8% | $47,188,171.55 |
| AZI | Altamin Limited | 0.065 | -10% | 8% | 5% | $18,025,653.33 |
| TON | Triton Min Ltd | 0.032 | -9% | 0% | 3% | $38,526,309.49 |
| QXR | Qx Resources Limited | 0.036 | -27% | -18% | 3% | $23,742,681.24 |
| IMI | Infinitymining | 0.195 | -3% | 22% | 3% | $10,925,000.00 |
| EMS | Eastern Metals | 0.225 | -18% | -2% | 2% | $7,832,000.00 |
| LKE | Lake Resources | 0.85 | -15% | -3% | 1% | $1,026,732,094.08 |
| DTM | Dart Mining NL | 0.086 | -11% | 12% | 1% | $10,581,729.05 |
| VUL | Vulcan Energy | 8.91 | -11% | -1% | 1% | $1,163,742,595.60 |
| PLL | Piedmont Lithium Inc | 0.685 | -7% | 0% | 1% | $375,318,248.00 |
| JRL | Jindalee Resources | 2.86 | 3% | -11% | 0% | $154,196,303.10 |
| AML | Aeon Metals Ltd. | 0.047 | 15% | 0% | 0% | $40,693,017.74 |
| ASN | Anson Resources Ltd | 0.12 | -27% | -11% | 0% | $122,567,913.60 |
| ESS | Essential Metals Ltd | 0.39 | -15% | -17% | 0% | $95,256,319.08 |
| GXY | Galaxy Resources | 0 | -100% | -100% | 0% | $2,715,139,305.12 |
| INR | Ioneer Ltd | 0.57 | -30% | -10% | 0% | $1,168,812,587.43 |
| LIT | Lithium Australia NL | 0.115 | -8% | -4% | 0% | $118,745,618.54 |
| LPI | Lithium Pwr Int Ltd | 0.62 | -19% | -8% | 0% | $216,237,305.76 |
| QPM | Queensland Pacific | 0.165 | -18% | -6% | 0% | $254,613,666.62 |
| AX8 | Accelerate Resources | 0.042 | -2% | 14% | 0% | $10,645,273.76 |
| AM7 | Arcadia Minerals | 0.23 | -19% | 2% | 0% | $8,048,275.00 |
| AS2 | Askarimetalslimited | 0.34 | 5% | -24% | 0% | $12,964,208.50 |
| BYH | Bryah Resources Ltd | 0.055 | -5% | -2% | 0% | $12,441,394.63 |
| GSM | Golden State Mining | 0.092 | -6% | 3% | 0% | $7,644,094.62 |
| LRV | Larvottoresources | 0.25 | 39% | 0% | 0% | $10,095,625.00 |
| MMC | Mitremining | 0.19 | -5% | 0% | 0% | $5,146,169.00 |
| TMB | Tambourahmetals | 0.245 | -11% | -2% | 0% | $10,092,186.51 |
| WML | Woomera Mining Ltd | 0.018 | 6% | -10% | 0% | $12,272,995.19 |
| CRR | Critical Resources | 0.1 | 16% | 0% | 0% | $132,795,411.40 |
| LRS | Latin Resources Ltd | 0.034 | -6% | 13% | 0% | $48,724,592.94 |
| MTM | Mtmongerresources | 0.17 | 13% | 10% | 0% | $4,812,705.61 |
| KAI | Kairos Minerals Ltd | 0.026 | -7% | 2% | 0% | $51,014,430.77 |
| CHR | Charger Metals | 0.72 | 24% | -11% | -1% | $23,222,500.38 |
| LTR | Liontown Resources | 1.39 | -19% | -3% | -1% | $3,069,115,277.20 |
| PAM | Pan Asia Metals | 0.545 | -15% | -8% | -1% | $40,512,254.20 |
| STM | Sunstone Metals Ltd | 0.084 | -20% | -3% | -1% | $190,359,283.22 |
| PSC | Prospect Res Ltd | 0.81 | -3% | -7% | -1% | $351,963,144.54 |
| IGO | IGO Limited | 11.99 | -6% | 0% | -1% | $9,193,231,249.82 |
| WR1 | Winsome Resources | 0.38 | -7% | -13% | -1% | $51,767,097.69 |
| AKE | Allkem Limited | 8.91 | -22% | -2% | -1% | $5,756,856,041.58 |
| GLN | Galan Lithium Ltd | 1.38 | -27% | -7% | -1% | $415,603,088.60 |
| PLS | Pilbara Min Ltd | 2.98 | -20% | -11% | -2% | $9,049,461,411.68 |
| FFX | Firefinch Ltd | 0.65 | -12% | 2% | -2% | $783,460,573.00 |
| PNN | PepinNini Minerals | 0.4 | -30% | -11% | -2% | $25,099,508.74 |
| ARN | Aldoro Resources | 0.375 | 3% | -3% | -3% | $34,472,356.77 |
| WCN | White Cliff Min Ltd | 0.03 | 25% | 15% | -3% | $18,544,088.37 |
| LEL | Lithenergy | 0.965 | -19% | -10% | -4% | $45,225,000.00 |
| EMH | European Metals Hldg | 1.265 | -10% | -10% | -4% | $185,297,593.80 |
| SYA | Sayona Mining Ltd | 0.115 | -23% | -8% | -4% | $851,431,329.84 |
| TEM | Tempest Minerals | 0.022 | -19% | -8% | -4% | $9,151,720.65 |
| BMM | Balkanminingandmin | 0.325 | -39% | -17% | -4% | $11,135,000.00 |
| MLSDA | Metals Australia | 0.04 | -20% | -20% | -5% | $11,000,970.46 |
| MIN | Mineral Resources. | 48.44 | -26% | -18% | -5% | $9,663,465,296.87 |
| CXO | Core Lithium | 0.75 | -17% | -4% | -6% | $1,346,991,752.96 |
| LPD | Lepidico Ltd | 0.033 | -25% | -11% | -6% | $218,366,062.01 |
| RAG | Ragnar Metals Ltd | 0.033 | -34% | -18% | -6% | $13,043,971.12 |
| INF | Infinity Lithium | 0.16 | -22% | 3% | -6% | $70,521,004.97 |
| FG1 | Flynngold | 0.16 | -3% | 0% | -6% | $10,890,378.50 |
| GL1 | Globallith | 1.32 | -15% | -12% | -6% | $191,249,406.47 |
| ADV | Ardiden Ltd | 0.015 | 25% | -12% | -6% | $34,693,365.70 |
| RLC | Reedy Lagoon Corp. | 0.028 | -30% | -10% | -7% | $16,435,716.90 |
| NMT | Neometals Ltd | 1.23 | -25% | -12% | -7% | $723,856,842.72 |
| KGD | Kula Gold Limited | 0.041 | -21% | -15% | -7% | $9,467,727.81 |
| AGY | Argosy Minerals Ltd | 0.335 | -20% | -4% | -7% | $468,159,227.64 |
| AZL | Arizona Lithium Ltd | 0.13 | 18% | -16% | -7% | $279,659,303.70 |
| FRS | Forrestaniaresources | 0.355 | -5% | -7% | -8% | $10,799,250.00 |
| SCN | Scorpion Minerals | 0.071 | -7% | 4% | -8% | $20,166,776.78 |
| 1MC | Morella Corporation | 0.023 | 21% | -15% | -8% | $129,405,349.65 |
| AAJ | Aruma Resources Ltd | 0.11 | 18% | 28% | -8% | $15,115,380.36 |
| EUR | European Lithium Ltd | 0.105 | -28% | -13% | -9% | $130,678,128.14 |
| AVZ | AVZ Minerals Ltd | 0.73 | -21% | -4% | -10% | $2,796,171,094.80 |
| ENT | Enterprise Metals | 0.015 | 8% | 7% | -12% | $9,741,342.47 |
| SHH | Shree Minerals Ltd | 0.018 | 29% | -25% | -14% | $22,327,974.73 |
Who’s got news out today?
Peregrine Gold (ASX:PGD)
A company controlled by billionaire prospector Mark Creasy has scooped up a 9.6% stake in gold-lithium explorer PGD for $2.25m.
Creasy’s Yandal Investments has subscribed for 4.5m shares at 50c each, plus 1.8m options exercisable at 75c each before 2025.
Cashed-up PGD now has ~$5.5m to accelerate exploration on its portfolio of gold and lithium projects, which has rapidly expanded since listing in March 2021.
Field activities on PGD’s new lithium project adjacent to Pilbara Minerals’ (ASX:PLS) Pilgangoora operations are expected to commence in the near-term.
Vulcan Energy (ASX:VUL)
Vulcan is set to become the first ASX- listed company to have a dual listing on the regulated market (Prime Standard) of the Frankfurt Stock Exchange (FSE), with the German Federal Financial Supervisory Authority approving the company’s listing prospectus.
“An ASX first, the FSE dual listing will increase the international profile of Vulcan, while providing the full range of the European investment community an opportunity to invest in the company and the Zero Carbon Lithium project, which has a German base and plays a role in the EU energy transition,” MD Dr. Francis Wedin said.
Vulcan will retain its existing primary listing on the ASX, where it will continue to trade as normal under the ticker code VUL.
Kairos Minerals (ASX:KAI)
The explorer has found an extensive 2.7km long lithium and pathfinder elements anomaly at its Roe Hills project in WA.
“The significance of this extending north-east trending anomaly has been further enhanced by the discovery of the Manna lithium prospect, located 10km to the north, by Breaker Resources (ASX:BRB),” executive chairman Terry Topping said.
“Breaker has recently transacted on this exciting emerging discovery in a deal with Global Lithium Resources (ASX:GL1), which has acquired an 80% interest in the tenements.”
A detailed mapping and rock chip sampling program has kicked off, with air-core and potentially follow-up RC drilling planned as a priority.
The company has also identified eight potential lithium targets at Roe Hills in a desktop study which it intends to follow up.
Sunstone Metals (ASX:STM)
Sunstone has completed the sale of its JV stake in the Finnish lithium project for A$460,000 in cash and 871,803 shares in United Lithium Corp. (CSE:ULTH), with a value of approximately A$480,000 at the current ULTH share price.
Managing director Malcolm Norris said the sale gives the company additional cash for its Ecuadorian gold-copper focussed exploration campaign “while enabling us to retain exposure to the upside offered by involvement in the rapidly growing European lithium sector”.
Aruma Resources (ASX:AAJ)
The company has secured commitments for $3.1m placement to fund drilling and exploration of its Mt Deans lithium project, as well as its Salmon Gums and Melrose gold projects.
To date, around 800m of a planned 3,000m of drilling has been completed at Mt Deans, with assays expected from April – subject to lab availability.
Post placement Aruma would have a strong financial position, with a tidy cash balance of around $5.2m.
