High Voltage: Germany and Canada team up for critical minerals processing
The countries aim to strengthen cooperation on processing, refining and recycling of critical minerals like lithium and rare earths. Pic: Getty Images.
Our High Voltage column wraps all the news driving ASX stocks with exposure to lithium, cobalt, graphite, nickel, rare earths, and vanadium.
- Germany and Canada to collaborate on critical minerals
- China disrupts global supply chains
- Europe needs to wheel and deal with Chinese EV makers on batteries
This week, concerns over China’s export curbs have pushed Germany and Canada to sign a declaration of intent to strengthen cooperation on critical minerals processing, refining and recycling.
China’s halt of exports of rare earths and related magnets earlier in the year has disrupted global supply chains, with automakers, aerospace firms, semiconductor producers and military contractors still reeling from the blow.
The Germany-Canada deal will see the two countries foster collaboration around critical minerals like lithium, rare earth elements, copper, tungsten, gallium, germanium and nickel by advancing joint projects through both public and private investment.
They also plan to encourage stronger commercial partnerships and research collaboration between companies and financial institutions.
The agreement was announced in Berlin during Canadian Prime Minister Mark Carney’s visit to Germany and was accompanied by several industry deal announcements including between Canada’s Troilus Gold and Hamburg-based Aurubis for future copper concentrate supply, and an MoU between Torngat Metals and Germany’s Vacuumschmelze for rare earth supply.
Interestingly on the battery manufacturing side of things, Bloomberg Hyperdrive’s Ryan Fisher noted yesterday that Europe needs to be wheeling and dealing with Chinese EV makers BYD and CATL if it wants to be even slightly competitive.
Asia’s biggest economy controls the majority of global refining capacity for battery metals and accounts for 83% of global cell manufacturing, according to BloombergNEF’s most recent Electric Vehicle Outlook.
And while the European Union has injected billions into local battery makers, there have been high-profile setbacks like bankruptcies of Britishvolt in the UK and Northvolt in Sweden.
“European policymakers are increasingly focused on protectionist measures but implementing them will be a challenge,” Fisher said.
“Subsidy schemes should be redesigned to foster collaboration and help the sector scale.
“Brussels has little choice but to change its rules and acknowledge the realities of China’s dominance.
“It could start by adjusting how money will be spent from its future European Competitiveness Fund, part of the EU’s €2 trillion 2028-2034 budget proposal.
“Making foreign investments contingent on teaming up with a local joint venture partner could be a smart move — and one right out of Beijing’s playbook.”
Battery Metals Winners and Losers
Here’s how a basket of ASX stocks with exposure to lithium, cobalt, graphite, nickel, rare earths, magnesium, manganese and vanadium is performing >>>
Code Company Price % Week % Month % Six Month % Year Market Cap XTC XTC Lithium Limited 0.2 19900% 19900% 19900% 19900% $17,528,272 BMM Bayanminingandmin 0.255 89% 292% 381% 410% $30,237,620 CAE Cannindah Resources 0.031 85% 53% -49% -24% $16,017,759 QXR Qx Resources Limited 0.007 75% 75% 75% 17% $7,861,973 RLC Reedy Lagoon Corp. 0.003 50% 50% 0% 0% $2,330,120 MOH Moho Resources 0.006 50% 50% 50% 33% $3,727,070 ENT Enterprise Metals 0.006 50% 100% 100% 50% $9,599,221 VML Vital Metals Limited 0.19 36% 90% 153% 90% $24,758,846 RGL Riversgold 0.004 33% 0% -20% -20% $6,734,850 AYM Australia United Min 0.004 33% 100% 33% 100% $7,370,310 FML Focus Minerals Ltd 0.515 32% 32% 158% 268% $144,712,116 OCN Oceanalithiumlimited 0.11 28% 59% 293% 301% $15,817,156 FRS Forrestaniaresources 0.185 28% 28% 928% 928% $59,284,083 AEE Aura Energy 0.185 28% 9% 37% 32% $151,427,524 MTM Metallium Ltd 0.785 26% 3% 241% 1127% $472,254,722 ADD Adavale Resource Ltd 0.03 25% 20% -25% -50% $5,300,658 S2R S2 Resources 0.105 25% 57% 69% -5% $60,176,285 FIN FIN Resources Ltd 0.005 25% 25% -29% -17% $3,474,442 PNN Power Minerals Ltd 0.078 24% 22% -10% -3% $14,073,423 SCN Scorpion Minerals 0.021 24% 11% 5% 50% $11,005,180 LOT Lotus Resources Ltd 0.185 23% -5% 3% -26% $462,512,117 M24 Mamba Exploration 0.016 23% 7% 14% 33% $4,722,650 BCA Black Canyon Limited 0.475 22% 76% 542% 579% $62,609,409 TON Triton Min Ltd 0.006 20% -14% -14% -33% $9,410,332 AKN Auking Mining Ltd 0.006 20% 0% 20% -45% $4,326,698 KNG Kingsland Minerals 0.18 20% 20% 57% -5% $13,060,964 CUL Cullen Resources 0.006 20% 20% 20% 20% $4,160,411 HMX Hammer Metals Ltd 0.031 19% 11% 0% -28% $22,193,968 A8G Australasian Metals 0.087 19% 40% 18% -36% $5,036,406 LSR Lodestar Minerals 0.019 19% 14% 76% -3% $7,195,029 MTC Metalstech Ltd 0.19 19% 41% 46% 6% $42,190,442 GLN Galan Lithium Ltd 0.16 19% 0% 39% 22% $154,232,092 NVX Novonix Limited 0.53 18% -5% 15% -13% $362,178,242 AXN Alliance Nickel Ltd 0.04 18% 18% 21% 25% $29,033,585 FRB Firebird Metals 0.17 17% 31% 87% 62% $24,201,438 GED Golden Deeps 0.041 17% 58% 71% 46% $7,262,154 HRE Heavy Rare Earths 0.049 17% 11% 96% 70% $9,569,559 WSR Westar Resources 0.007 17% 17% -36% -13% $2,791,074 ANX Anax Metals Ltd 0.007 17% 0% -26% -69% $5,296,845 LIN Lindian Resources 0.25 16% 127% 160% 117% $296,730,559 GRE Greentechmetals 0.073 16% -16% 16% -25% $8,277,845 ENV Enova Mining Limited 0.0075 15% 7% 7% -6% $11,842,715 ASL Andean Silver 1.47 15% 3% 41% 72% $273,829,426 CLA Celsius Resource Ltd 0.008 14% 23% -27% -47% $25,083,908 PGM Platina Resources 0.024 14% 14% 14% 14% $14,333,148 CTN Catalina Resources 0.004 14% 0% 42% 71% $9,704,076 AVW Avira Resources Ltd 0.008 14% 14% -27% -60% $1,610,000 ALK Alkane Resources Ltd 1.04 14% 46% 65% 151% $1,419,472,770 NVA Nova Minerals Ltd 0.29 14% 16% 0% 93% $124,465,439 RXL Rox Resources 0.3575 13% 13% 49% 155% $268,894,593 RON Roninresourcesltd 0.175 13% 9% 3% 75% $7,065,627 VRC Volt Resources Ltd 0.0045 13% -10% 13% 13% $23,424,247 GT1 Greentechnology 0.036 13% 20% -25% -61% $15,680,611 LCY Legacy Iron Ore 0.009 13% 0% 0% -28% $87,858,383 GL1 Globallith 0.23 12% 0% 28% -10% $60,198,388 QEM QEM Limited 0.037 12% 28% -45% -69% $8,746,813 NTU Northern Min Ltd 0.037 12% 6% 106% 42% $309,214,765 FGR First Graphene Ltd 0.047 12% 18% 15% -4% $39,144,486 CMO Cosmometalslimited 0.019 12% 0% -10% -14% $7,531,971 SRZ Stellar Resources 0.019 12% 6% 36% 19% $39,515,261 WR1 Winsome Resources 0.19 12% -5% -40% -65% $47,573,848 CHN Chalice Mining Ltd 1.7725 11% -2% 16% 55% $712,063,232 AS2 Askarimetalslimited 0.01 11% -17% 0% -44% $3,853,872 CRI Critica Ltd 0.02 11% 18% 5% 25% $51,265,461 MNB Minbos Resources Ltd 0.07 11% 49% 63% 6% $65,328,324 MEK Meeka Metals Limited 0.155 11% 11% 19% 172% $451,934,301 TMB Tambourahmetals 0.052 11% 117% 86% 36% $8,604,754 VUL Vulcan Energy 3.915 10% -10% -2% 2% $933,028,140 SYR Syrah Resources 0.3025 10% -19% 41% 30% $400,019,315 VMC Venus Metals Cor Ltd 0.11 10% 0% 39% 57% $21,574,155 SYR Syrah Resources 0.3025 10% -19% 41% 30% $400,019,315 ARV Artemis Resources 0.0055 10% 10% -31% -58% $17,194,033 LLM Loyal Metals Ltd 0.28 10% 40% 222% 133% $35,300,927 A11 Atlantic Lithium 0.17 10% 6% -8% -36% $117,835,043 LIT Livium Ltd 0.0115 10% 15% -12% -45% $20,425,285 OMH OM Holdings Limited 0.29 9% -8% -17% -22% $222,214,472 DLI Delta Lithium 0.175 9% 6% 3% -26% $121,929,405 BM8 Battery Age Minerals 0.082 9% 37% 22% -32% $12,751,353 SBR Sabre Resources 0.012 9% 20% 50% 0% $4,733,543 MQR Marquee Resource Ltd 0.012 9% -14% 20% -14% $8,800,788 YAR Yari Minerals Ltd 0.012 9% 9% 100% 200% $8,273,566 ASM Ausstratmaterials 0.61 9% -15% 53% 22% $129,655,055 PLS Pilbara Min Ltd 2.285 9% 19% 13% -26% $7,530,207,750 EMC Everest Metals Corp 0.125 9% -14% -29% 9% $27,021,751 ALY Alchemy Resource Ltd 0.0065 8% 30% -19% 8% $7,068,458 NWM Norwest Minerals 0.013 8% -7% 26% -37% $12,876,337 WA1 Wa1Resourcesltd 18.14 8% 3% 37% 8% $1,408,487,007 L1M Lightning Minerals 0.04 8% -5% -53% -49% $4,753,103 SGQ St George Min Ltd 0.041 8% 5% 95% 21% $119,785,637 STK Strickland Metals 0.135 8% -6% 125% 37% $328,042,171 IPX Iperionx Limited 6.38 8% 1% 61% 181% $2,380,846,919 PLL Piedmont Lithium Inc 0.14 8% 8% 19% 8% $67,063,990 RVT Richmond Vanadium 0.07 8% -3% -42% -78% $15,334,557 RBX Resource B 0.043 8% 26% 19% 5% $4,952,933 BC8 Black Cat Syndicate 0.895 7% 8% 5% 152% $636,956,280 CWX Carawine Resources 0.09 7% -7% -6% -1% $21,251,290 KGD Kula Gold Limited 0.0075 7% -17% 67% -12% $7,774,787 ARL Ardea Resources Ltd 0.455 7% 11% -2% 3% $97,842,005 EVG Evion Group NL 0.032 7% 3% 39% 45% $13,482,519 HAS Hastings Tech Met 0.32 7% 5% -10% 16% $65,368,735 REC Rechargemetals 0.016 7% 23% 0% -47% $4,111,839 EUR European Lithium Ltd 0.099 6% 13% 94% 154% $143,154,102 INF Infinity Metals Ltd 0.017 6% -11% -29% -65% $8,150,887 GAL Galileo Mining Ltd 0.17 6% 3% 10% -8% $33,596,238 SMX Strata Minerals 0.017 6% 13% -47% -23% $4,407,339 EFE Eastern Resources 0.035 6% 9% 30% -13% $4,413,148 PMT Patriotbatterymetals 0.44 6% -6% 60% -12% $233,848,451 NMT Neometals Ltd 0.053 6% -23% -34% -40% $40,836,052 FUN Fortuna Metals Ltd 0.056 6% 87% 0% -17% $10,116,581 FUN Fortuna Metals Ltd 0.056 6% 87% 0% -17% $10,116,581 MLX Metals X Limited 0.6075 6% -3% 10% 52% $549,562,754 LYC Lynas Rare Earths 14.73 5% 37% 114% 117% $13,779,132,425 TVN Tivan Limited 0.1 5% 0% 11% 113% $208,032,036 WC1 Westcobarmetals 0.02 5% -13% 18% -41% $4,167,590 CDT Castle Minerals 0.067 5% -13% -26% -36% $7,656,632 WMG Western Mines 0.23 5% -8% 92% -12% $22,353,319 BOA BOA Resources Ltd 0.024 4% 26% 20% 20% $2,960,468 KAI Kairos Minerals Ltd 0.024 4% -6% 26% 140% $59,266,068 BNR Bulletin Res Ltd 0.05 4% 6% 11% 9% $14,680,666 RAS Ragusa Minerals Ltd 0.025 4% 39% 4% 56% $4,454,970 A4N Alpha Hpa Ltd 0.97 4% 2% 11% 15% $1,102,943,605 SFR Sandfire Resources 12.44 4% 12% 16% 37% $5,839,394,059 LTR Liontown Resources 0.89 3% -5% 32% 12% $2,570,306,588 SRK Strike Resources 0.03 3% -12% 11% -3% $8,512,500 LM1 Leeuwin Metals Ltd 0.155 3% 11% 29% 91% $15,624,990 NST Northern Star 18.81 3% 19% 7% 24% $27,071,009,279 FLG Flagship Min Ltd 0.064 3% 14% 45% -9% $15,546,950 NC1 Nicoresourceslimited 0.096 3% -13% 13% -26% $11,851,255 SRL Sunrise 1.77 3% 48% 521% 332% $214,605,024 CNB Carnaby Resource Ltd 0.33 3% -15% 3% -12% $73,084,435 EMN Euromanganese 0.175 3% -5% -22% -17% $9,284,626 BHP BHP Group Limited 42.965 3% 5% 7% 4% $219,510,627,424 VR8 Vanadium Resources 0.039 3% 8% 44% -7% $21,865,085 PSC Prospect Res Ltd 0.205 3% 14% 118% 86% $136,614,500 SUM Summitminerals 0.043 2% -12% -43% -80% $4,074,500 RIO Rio Tinto Limited 115.58 2% -3% -1% 3% $43,294,947,039 SYA Sayona Mining Ltd 0.0265 2% 15% 20% -2% $323,212,288 HAW Hawthorn Resources 0.057 2% 6% 27% -8% $19,095,890 GBR Greatbould Resources 0.061 2% -2% -20% 30% $60,893,872 QPM QPM Energy Limited 0.0315 2% -10% -44% -15% $95,769,719 ARN Aldoro Resources 0.325 2% -2% -27% 333% $68,584,103 EGR Ecograf Limited 0.33 2% 2% 214% 200% $156,709,978 RNU Renascor Res Ltd 0.069 1% -1% 41% -27% $183,107,114 BSX Blackstone Ltd 0.07 1% -5% 27% 63% $116,589,004 CTM Centaurus Metals Ltd 0.36 1% -10% -3% 3% $199,351,703 ASN Anson Resources Ltd 0.086 1% -18% 41% -22% $122,597,484 MIN Mineral Resources. 35.5 1% 10% 47% -22% $7,359,621,720 DVP Develop Global Ltd 3.82 1% -17% 35% 72% $1,281,085,291 PVW PVW Res Ltd 0.02 0% 11% 25% 0% $3,978,096 AGY Argosy Minerals Ltd 0.037 0% 12% 42% -24% $56,829,075 NWC New World Resources 0.067 0% 0% 205% 294% $243,442,936 AZL Arizona Lithium Ltd 0.007 0% -22% -22% -53% $37,662,201 RIL Redivium Limited 0.004 0% 0% 0% 0% $13,609,422 LPD Lepidico Ltd 0.002 0% 0% 0% 0% $17,178,371 CZN Corazon Ltd 0.003 0% 50% 50% -50% $3,703,717 INR Ioneer Ltd 0.115 0% -8% -18% -18% $319,435,051 MAN Mandrake Res Ltd 0.022 0% 0% 5% -12% $13,799,718 TLG Talga Group Ltd 0.515 0% 10% 10% 20% $243,594,753 MNS Magnis Energy Tech 0.042 0% 0% 0% 0% $50,378,922 BKT Black Rock Mining 0.027 0% -23% -4% -49% $41,430,248 AAJ Aruma Resources Ltd 0.008 0% 0% -20% -43% $2,623,524 TKL Traka Resources 0.0025 0% 25% 150% 150% $6,055,348 AVL Aust Vanadium Ltd 0.01 0% 0% -23% -29% $94,981,239 AUZ Australian Mines Ltd 0.008 0% 0% -11% 14% $15,399,109 LEL Lithenergy 0.37 0% 0% 0% 0% $41,440,581 AQD Ausquest Limited 0.037 0% -18% 9% 247% $52,914,755 1MC Morella Corporation 0.015 0% 7% -25% -56% $5,526,435 REE Rarex Limited 0.02 0% 0% 122% 54% $19,003,116 MRC Mineral Commodities 0.026 0% 0% 0% 0% $25,596,288 PEK Peak Rare Earths Ltd 0.335 0% 3% 247% 82% $144,229,892 G88 Golden Mile Res Ltd 0.008 0% -20% -27% -20% $3,809,735 WKT Walkabout Resources 0.095 0% 0% 0% -4% $63,769,838 CNJ Conico Ltd 0.007 0% 0% 0% -65% $1,905,020 SLZ Sultan Resources Ltd 0.005 0% 0% -44% -17% $1,305,418 MRR Minrex Resources Ltd 0.0085 0% -6% 6% -6% $9,221,374 AM7 Arcadia Minerals 0.031 0% 24% 55% 0% $3,638,886 BYH Bryah Resources Ltd 0.005 0% -29% 25% 25% $5,142,663 DTM Dart Mining NL 0.0025 0% -17% -50% -82% $2,396,111 EMS Eastern Metals 0.01 0% 0% -9% -52% $1,394,262 GSM Golden State Mining 0.008 0% 0% 0% -38% $2,234,965 RAG Ragnar Metals Ltd 0.019 0% -5% 12% -5% $9,005,734 OB1 Orbminco Limited 0.001 0% -33% -20% -52% $3,402,568 KZR Kalamazoo Resources 0.12 0% 9% 54% 26% $27,210,810 KOR Korab Resources 0.008 0% 0% 0% 0% $2,936,400 CMX Chemxmaterials 0.026 0% 0% 0% -35% $33,545,803 JMS Jupiter Mines. 0.235 0% 7% 42% 9% $460,844,814 RR1 Reach Resources Ltd 0.011 0% 10% -21% -27% $9,618,745 STM Sunstone Metals Ltd 0.018 0% 0% 157% 100% $111,406,436 THR Thor Energy PLC 0.009 0% 13% -31% -40% $6,596,909 IG6 Internationalgraphit 0.054 0% -25% -2% -17% $10,452,150 ODE Odessa Minerals Ltd 0.007 0% 17% 40% 180% $11,196,728 M79 Mammothmineralsltd 0.1 0% 9% 54% 39% $49,452,798 CLZ Classic Min Ltd 0.001 0% 0% 0% 0% $3,017,699 PEK Peak Rare Earths Ltd 0.335 0% 3% 247% 82% $144,229,892 IDA Indiana Resources 0.042 0% 14% 37% 94% $27,036,763 M2R Miramar 0.003 0% -25% 0% -77% $3,029,566 ABX ABX Group Limited 0.043 0% 10% 19% -7% $10,579,023 RR1 Reach Resources Ltd 0.011 0% 10% -21% -27% $9,618,745 DRE Dreadnought Resources Ltd 0.012 0% 9% -29% -29% $66,033,500 AOA Ausmon Resorces 0.003 0% 50% 50% 0% $3,933,640 CY5 Cygnus Metals Ltd 0.081 0% -19% -35% 35% $89,314,023 EV1 Evolutionenergy 0.014 0% 13% -24% -45% $5,077,107 OM1 Omnia Metals Group 0.012 0% -14% -85% -85% $2,605,100 LLL Leolithiumlimited 0.332997 0% 0% 0% 0% $401,204,047 SRN Surefire Rescs NL 0.0015 0% -25% -40% -70% $5,860,289 LU7 Lithium Universe Ltd 0.011 0% 57% 22% -21% $15,828,776 TMX Terrain Minerals 0.003 0% 0% -25% 0% $7,745,443 PFE Pantera Lithium 0.016 0% -16% -11% -24% $7,580,539 AMD Arrow Minerals 0.02 0% 0% -43% -67% $17,555,332 BMG BMG Resources Ltd 0.01 0% 25% -29% 25% $9,233,972 HLX Helix Resources 0.002 0% 20% -20% -40% $6,728,387 HWK Hawk Resources. 0.016 0% -16% -36% -40% $4,334,871 ORN Orion Minerals Ltd 0.01 0% 0% -29% -38% $74,523,324 RIE Riedel Resources Ltd 0.03 0% -6% -21% -63% $4,249,970 SER Strategic Energy 0.005 0% -17% -17% -77% $4,183,458 VRX VRX Silica Ltd 0.125 0% 49% 198% 363% $93,412,911 ZEU Zeus Resources Ltd 0.016 0% -20% 129% 78% $11,478,986 ILU Iluka Resources 6.1 0% 13% 43% 0% $2,732,650,657 IGO IGO Limited 5.105 -1% -5% 21% -4% $4,051,382,800 NIC Nickel Industries 0.72 -1% -8% -2% -15% $3,255,701,906 QGL Quantum Graphite 0.475 -1% -2% 6% -14% $167,319,480 JLL Jindalee Lithium Ltd 0.39 -1% -16% 86% 63% $31,948,338 ARR American Rare Earths 0.355 -1% 4% 34% 27% $207,957,871 PUR Pursuit Minerals 0.07 -1% 3% 0% -53% $7,163,945 ICL Iceni Gold 0.069 -1% 10% -14% 77% $23,687,796 1AE Auroraenergymetals 0.066 -1% 43% 89% 18% $11,818,207 E25 Element 25 Ltd 0.305 -2% 9% 15% 56% $73,155,968 TOR Torque Met 0.295 -2% 28% 198% 195% $152,707,373 PBL Parabellumresources 0.058 -2% 7% 16% 53% $3,613,400 COB Cobalt Blue Ltd 0.053 -2% -5% -2% -29% $24,466,137 ATM Aneka Tambang 1.06 -2% -4% 7% 3% $1,388,386 S32 South32 Limited 2.81 -2% -8% -23% -9% $13,105,578,202 HAV Havilah Resources 0.175 -3% -8% -10% 0% $62,066,133 ESR Estrella Res Ltd 0.034 -3% -3% 26% 750% $74,706,180 LRV Larvottoresources 0.675 -3% -3% -16% 65% $337,704,765 PTR Petratherm Ltd 0.32 -3% -15% 12% 1500% $114,382,874 TKM Trek Metals Ltd 0.063 -3% -30% 163% 40% $37,904,576 ADV Ardiden Ltd 0.155 -3% -6% 3% 29% $9,690,213 DEV Devex Resources Ltd 0.082 -4% 1% -1% -56% $37,102,016 FG1 Flynngold 0.027 -4% -7% 4% 0% $10,174,228 KFM Kingfisher Mining 0.053 -4% -9% 6% 8% $3,535,895 BUX Buxton Resources Ltd 0.026 -4% -42% -13% -62% $8,933,754 LMG Latrobe Magnesium 0.025 -4% 56% 56% -24% $68,496,978 WCN White Cliff Min Ltd 0.025 -4% 0% 39% 56% $60,959,654 WC8 Wildcat Resources 0.1675 -4% -16% -16% -43% $240,654,319 MHC Manhattan Corp Ltd 0.022 -4% -8% 10% 10% $12,262,220 CHR Charger Metals 0.06 -5% 0% 11% -35% $4,645,215 MLS Metals Australia 0.02 -5% -9% 0% 0% $14,574,390 ZNC Zenith Minerals Ltd 0.06 -5% 100% 43% 43% $31,237,874 KNI Kunikolimited 0.077 -5% -19% -42% -49% $6,708,569 AXE Archer Materials 0.28 -5% -7% -10% 8% $72,631,399 ARU Arafura Rare Earths 0.18 -5% -8% 3% 13% $524,285,929 DYM Dynamicmetalslimited 0.27 -5% 6% -7% 86% $13,300,022 SVM Sovereign Metals 0.7 -5% -3% -26% 16% $475,499,947 MEI Meteoric Resources 0.1275 -6% -18% 82% 21% $330,116,776 KM1 Kalimetalslimited 0.165 -6% 43% 76% -6% $15,098,730 IXR Ionic Rare Earths 0.016 -6% -24% 129% 167% $85,315,146 GTE Great Western Exp. 0.016 -6% 0% -45% -45% $8,232,490 TLM Talisman Mining 0.16 -6% 7% -6% -20% $28,248,052 KOB Kobaresourceslimited 0.031 -6% -26% -44% -78% $6,158,819 SFM Santa Fe Minerals 0.21 -7% -21% 412% 438% $15,291,946 SVY Stavely Minerals Ltd 0.013 -7% -24% -32% -50% $8,836,833 LPM Lithium Plus 0.077 -7% 0% 24% -16% $10,361,520 VHM Vhmlimited 0.185 -8% -10% -37% -68% $48,178,291 SLM Solismineralsltd 0.097 -8% 17% 4% -1% $13,825,857 IPT Impact Minerals 0.009 -10% 13% 6% -36% $37,019,970 TAR Taruga Minerals 0.009 -10% 13% 0% 13% $6,423,787 KTA Krakatoa Resources 0.0135 -10% 4% 35% 35% $10,076,742 NH3 Nh3Cleanenergyltd 0.053 -10% 0% 141% 194% $34,886,720 EMH European Metals Hldg 0.17 -11% 0% 42% -13% $40,503,367 RMX Red Mount Min Ltd 0.008 -11% 0% -11% -20% $4,761,737 LEG Legend Mining 0.008 -11% -11% 0% -33% $23,315,817 PVT Pivotal Metals Ltd 0.008 -11% -27% 0% -33% $7,257,807 AX8 Accelerate Resources 0.008 -11% 0% -20% -20% $7,354,698 IMI Infinitymining 0.008 -11% -11% -20% -64% $3,384,126 PNT Panthermetalsltd 0.008 -11% -11% -47% -74% $2,407,236 BUR Burleyminerals 0.032 -11% -22% -36% -72% $5,893,354 MHK Metalhawk. 0.155 -11% -59% -53% 70% $18,508,884 SRI Sipa Resources Ltd 0.015 -12% -12% 36% 7% $8,327,966 CXO Core Lithium 0.105 -13% -9% 15% 5% $257,161,865 CRR Critical Resources 0.007 -13% 40% 75% -22% $20,775,641 GCM Green Critical Min 0.028 -13% -7% 87% 833% $75,379,885 ETM Energy Transition 0.074 -13% 51% 3% 252% $137,791,802 ITM Itech Minerals Ltd 0.062 -14% 94% 38% -23% $10,250,123 PGD Peregrine Gold 0.245 -14% -28% 113% 48% $21,211,935 MRD Mount Ridley Mines 0.003 -14% 37% 71% -66% $2,685,787 TEM Tempest Minerals 0.006 -14% 20% 20% -40% $6,610,770 GW1 Greenwing Resources 0.028 -15% -3% -20% -47% $10,363,544 AR3 Austrare 0.11 -15% -15% 37% 79% $23,422,631 OD6 Od6Metalsltd 0.057 -16% 128% 50% 33% $11,537,910 FBM Future Battery 0.025 -17% -14% 25% 14% $17,541,187 EMT Emetals Limited 0.005 -17% 25% 25% 25% $4,250,000 GRL Godolphin Resources 0.014 -18% 27% -13% 4% $7,181,973 LKE Lake Resources 0.032 -18% -27% -14% -14% $69,066,395 EVR Ev Resources Ltd 0.009 -18% 0% 80% 145% $22,275,033 EG1 Evergreenlithium 0.024 -20% -27% -72% -48% $6,352,227 ASR Asra Minerals Ltd 0.002 -20% 0% -33% -67% $8,000,396 AZI Altamin Limited 0.019 -21% 0% -27% -30% $11,490,058 VTM Victory Metals Ltd 1.37 -21% 12% 238% 281% $169,181,859 WIN WIN Metals 0.019 -24% -14% 6% -37% $11,001,168 LML Lincoln Minerals 0.008 -27% 20% 53% 68% $19,148,128 PAT Patriot Resourcesltd 0.032 -29% -41% -30% -22% $6,600,898 DM1 Desert Metals 0.017 -41% -24% -19% -32% $8,137,159
Weekly Small Cap Standouts
Bayan Mining and Minerals (ASX:BMM)
Investors have shown great confidence in BMM and its Californian gold and critical minerals strategy with strong support for a placement.
The placement to new and existing investors raised $3.27 million at 20 cents a share, representing a 47.8% premium to the 15-day VWAP.
Funds will help the company step up exploration efforts at the Desert Star and Desert Star North projects.
BMM director Fadi Diab said the company was well positioned to define and advance high-priority targets following the completion of sampling.
“The strategic location of our projects, within close proximity to MP Materials’ world-class Mountain Pass rare earth mine and Dateline Resources’ Colosseum gold mine, highlights the exceptional potential of our ground,” he said.
“This funding allows us to rapidly progress exploration in a district that is both geologically proven and strategically important to the North American critical minerals supply chain.”
Enterprise Metals (ASX:ENT)
The company is gearing up to start aircore drilling at its Murchison rare earths project next month, which is along the interpreted strike of Victory Metals (ASX:VTM) flagship North Stanmore REE Project.
The plan is for 23 holes to test the potential for REE minerals along a prominent magnetic anomaly which is on the same structural corridor associated with Victory’s REE mineralisation.
Vital Metals (ASX:VML)
A two-tranche placement of $6.8 million will enable Vital Metals (ASX:VML) to advance testwork at its Nechalacho Upper Zone project in Canada which includes the Tardiff REE and niobium deposit.
In the first tranche US company Strategic Resources (SR) will invest A$3m and Vital will issue 28.59m shares at 10.5c giving SR an initial 19.52% interest.
Tranche 2 is subject to shareholder approval and will see Vital issue 36.59m shares to accredited US investors, raising A$3.8m.
SR has worked with Tardiff and North T REE enriched samples for two years delivering promising results for the application of an economic beneficiation process using proprietary Dry Field Force Extraction (DFFE).
Vital plans for a DFFE facility to be operating at North T starting in the Canadian summer 2026.
One of the key objectives of the SR investment is to continue testing and scaling up the technology.
Metallium (ASX:MTM)
Metallium (ASX:MTM) has teamed up with Rice university to test whether its Flash Joule Heating (FJH) technology can directly separate individual REEs.
So far, the tech has been proven to upgrades REE intermediates (e.g. monazite, MREC) into high-grade solvent extraction (SX)-ready product, unlocking higher payables and avoiding foreign-owned toll refineries.
The company now wants to determine if it can simplify or even bypass SX altogether, which could potentially reduce the reliance on China – which currently controls over 90% of global rare earths refining.
A noble goal considering recent Chinese export restrictions on magnet alloy exports forced automakers to suspend production, underlining the fragility of supply chains and the urgency of alternatives.
Plus, the FJH tech is fast and scalable, with units deployable in under 12 months, far quicker than constructing new SX facilities.
“Our Rice University collaboration is tackling the next frontier: using FJH to separate individual REEs directly, potentially bypassing solvent extraction,” MD and CEO Michael Walshe said.
“With SX plants taking years, vast capex and footprint, and massive solvent use, even partial success would be transformative.
“This positions Metallium for near-term revenues from partnerships and licensing, and long-term leadership in REE refining.”
Power Minerals (ASX:PNN)
PNN has reported exceptionally high-grade clay rich rare earths intersections from its Santa Ann project in Brazil, including up to 43,385ppm (or 4.34%) TREO.
Best results included 1m at 43,385ppm TREO from 11m, containing 26.0% MREO and 1m at 7,748ppm niobium from 12m.
The plan now is to work towards a mineral resource estimate, with the company confident these consistent grades indicate a potential world-class and advanced exploration opportunity within the critical mineral sector.
“These high grades from near surface are indicating a potential world class and advanced exploration opportunity with critical minerals for Power,” MD Mena Habib said.
At Stockhead, we tell it like it is. While Bayan Mining and Power Minerals are Stockhead advertisers, they did not sponsor this article.
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