High Voltage: Aussie lithium on Germany's menu; Patient see supply deficit coming

Visiting German foreign minister hints the European country could enter a trade deal for Aussie lithium
The lithium supply deficit narrative is for the patient, but it’s coming, according to Benchmark
Leo Lithium sells off its remaining stake in huge lithium project in Mali

What’s making news in battery metals this week? Lithium, as per. But, more specifically, let’s dive right in to a few news items turning heads.

We’ll start with Germany’s foreign minister…

Germany wants Aussie lithium

… That’d be Annalena Baerbock, who was out here just recently on a visit to tell us, among other things, that Germany really should be buying its lithium directly from Australia.

Baerbock told the ABC this week that the influential European nation had overhauled its approach to China, in order to avoid relying too heavily on it for imports.

Instead, she said that the European nation should look to trade directly with Australia on critical minerals such as the battery metal in chief, lithium.

In a warning to her own country, the minister suggested that avoiding past mistakes was imperative, emphasising that Germany has, for instance, failed in the past to realise the extent of its economic dependence on Russia.

“You shouldn’t repeat mistakes twice,” said Baerbock.

“We Germans were so dependent on Russia for gas and oil [that] Russia calculated in the case of invasion, we couldn’t react.”

The minister noted, however, that Germany’s China strategy is “based on diversification” and that it is not looking to “decouple” from Chinese trade, just limit Germany’s dependence in one direction, especially while Beijing continues to strive for hegemony in the Asia Pacific region.

And that’s where Australia, as the world’s biggest producer of lithium, enters, stage left.

“Lithium comes from Australia then it’s being exported to China, processed there, and then we import it again,” noted the German foreign minister.

“The smartest thing not only for diversification, but also strengthening ties between democracies, and free markets, would be if we could import the lithium directly from Australia.”

The world needs lithium

Just as an adjunct to the above news item, a quick word on the supply/demand narrative of the world’s most-desired battery metal.

Despite what we’ve heard about the supply glut sending the lithium price lower over the past year or so, from what we’ve gleaned, the longer term narrative suggests that worm ought to turn amid increasing demand for electric vehicles and clean energy/tech.

Backing up this idea, Benchmark’s recent Solid-State and Lithium Metal Forecast struck a bullish tone for the sector, claiming that the global lithium metal production will struggle to keep pace with surging demand, and pointing to a “critical bottleneck” that will congest further later this year and into 2025 and 2026.

In a similar vein, the following post caught our eyes, too, from this Bangkok-residing, NZPGA golf professional playing/instructing, ASX and crypto trading X user – Steven Rushbrook.

Even if you’re a lithium bull, best case for smaller plays to break out is in Jan 2025,(IMO) but that’s not that far away. The pattern is starting to play out. And bigger names will slowly start to move now. It could be amazing buying here if you see a better outlook. Commodities… pic.twitter.com/WCHfolUQwF

— steven rushbrook (@RushbrookSteven) May 8, 2024

Yep, that’s right. This week this column is turning to a random golf-playing trader for a quote. Just mixing it up a tad, but it’s a decent post.

“Commodities follow the law of economics, (supply and demand). If any one thinks more lithium isn’t needed in the future yoU will be mistaken,” wrote Rushbrook, before sinking a perfect putt across the carpet into a mug. Probably.

The “best case for smaller plays to break out is in Jan 2025” in the golfer’s opinion. “But that’s not that far away. The pattern is starting to play out. And bigger names will slowly start to move now. It could be amazing buying here if you see a better outlook.”

Hang on, here’s an opinion from a respected established expert for good measure, too.

UBS predicts a tepid supply increase from Oz in 2024 of 5% (or 6.5K MT LCE) but overall has supply growth of 271K MT this year – almost at the level of global demand in 2020 (the actual number not the inflated one below). An example of why you should be skeptical of big banks &… pic.twitter.com/REc7lZPhwE

— Joe Lowry (@globallithium) May 6, 2024

Also making news this week

• Leo Lithium (ASX:LLL) made headlines yesterday after it was revealed it’s sold off the final 40% stake in the Goulamina lithium project in Mali.

Our Josh Chiat informed us in his Monsters of Rock column: The stock has been suspended for months amid disputes with the Mali Government – currently a military junta after a 2021 coup.

Leo will exit the show after a US$60m settlement with the Malian Government, banking US$342.7m from Ganfeng for the final 40% the Chinese lithium giant doesn’t own.

Fellow Malian lithium stock First Lithium (ASX:FL1) rose 6.82% in response to the news.

Look out for more on this from Josh today.

• Arcadium Lithium (ASX:LTM) (merged from US company Livent and Australia’s Allkem) is putting as positive a spin as it can on the news of its earning dip for the last quarter, in which it joins other big rivals, including Albemarle, Pilbara Minerals and IGO in taking a bit of a hit.

The company Arcadium, did still at least bag a profit in the quarter to end of March of $US15.8 million, but that’s down almost $US100 million from the $US114.8m it clocked in the same period a year ago.

Still… “We see encouraging signs in the lithium market, and underlying demand fundamentals remain very strong,” Arcadium CEO Paul Graves said in a statement.

That company statement also noted that Arcadium is still on track to achieve a 40% increase in combined lithium hydroxide and lithium carbonate sales volumes for the full year, with volume growth weighted towards the second half of this year.

• Pilbara Minerals (ASX:PLS) revealed on Wednesday, per a Reuters article, that it’s actively looking for acquisition opportunities, but that its existing assets are still a matter of priority.

“We are considering and looking at inorganic growth opportunities but we’re in no rush and we won’t grow for growth’s sake but if there’s a great opportunity … we’re up for that,” CEO Dale Henderson said during a Macquarie Australia Conference.

ASX battery metals form guide:

Scroll or swipe to reveal table. Click headings to sort. Best viewed on a laptop. (Note: figures accurate per ASX at 4pm May 8.)

Stocks missing from this list? Email [email protected]

Code	Company	Price	% Week	% Month	% Year	Market Cap
PVW	PVW Res Ltd	0.026	-7%	4%	-67%	$2,636,524
A8G	Australasian Metals	0.08	25%	25%	-45%	$4,169,640
INF	Infinity Lithium	0.057	-5%	-17%	-54%	$23,129,605
LPI	Lithium Pwr Int Ltd	0	-100%	-100%	-100%	$361,898,974
PSC	Prospect Res Ltd	0.145	-9%	84%	4%	$70,749,794
PAM	Pan Asia Metals	0.16	0%	0%	-41%	$26,850,684
CXO	Core Lithium	0.135	-7%	-13%	-86%	$299,170,976
LOT	Lotus Resources Ltd	0.455	3%	7%	146%	$869,827,650
AGY	Argosy Minerals Ltd	0.1275	-2%	-6%	-71%	$175,550,937
AZS	Azure Minerals	3.69	0%	3%	800%	$1,692,527,632
NWC	New World Resources	0.037	1%	-21%	-5%	$102,082,142
QXR	Qx Resources Limited	0.012	-14%	-29%	-65%	$13,320,934
GSR	Greenstone Resources	0.01	11%	11%	-47%	$13,732,573
CAE	Cannindah Resources	0.053	4%	-12%	-71%	$30,638,238
AZL	Arizona Lithium Ltd	0.0215	-7%	-10%	-50%	$93,785,747
RIL	Redivium Limited	0.003	-14%	-33%	-73%	$8,192,564
COB	Cobalt Blue Ltd	0.088	-4%	-41%	-71%	$37,535,004
ESS	Essential Metals Ltd	0	-100%	-100%	-100%	$135,278,382
LPD	Lepidico Ltd	0.003	0%	5%	-68%	$22,914,924
MRD	Mount Ridley Mines	0.001	0%	0%	-67%	$7,784,883
CZN	Corazon Ltd	0.009	0%	-18%	-40%	$5,540,381
LKE	Lake Resources	0.06	-3%	-10%	-88%	$102,874,640
DEV	Devex Resources Ltd	0.3	0%	0%	0%	$132,357,201
INR	Ioneer Ltd	0.2025	4%	19%	-41%	$465,122,942
AVZ	AVZ Minerals Ltd	0.78	0%	0%	0%	$2,752,409,203
MAN	Mandrake Res Ltd	0.039	22%	11%	-5%	$25,287,157
RLC	Reedy Lagoon Corp.	0.004	33%	0%	-31%	$2,478,163
GBR	Greatbould Resources	0.062	3%	3%	-29%	$37,233,594
FRS	Forrestaniaresources	0.018	0%	29%	-77%	$3,073,929
STK	Strickland Metals	0.1	-13%	-17%	150%	$169,796,781
MLX	Metals X Limited	0.44	-3%	13%	57%	$398,735,069
CLA	Celsius Resource Ltd	0.0105	5%	-25%	-42%	$24,279,127
FGR	First Graphene Ltd	0.057	-8%	-3%	-30%	$38,236,600
HXG	Hexagon Energy	0.022	16%	0%	83%	$10,771,234
TLG	Talga Group Ltd	0.715	2%	-1%	-53%	$269,625,462
MNS	Magnis Energy Tech	0.042	0%	0%	-79%	$50,378,922
PLL	Piedmont Lithium Inc	0.205	5%	5%	-74%	$86,922,112
EUR	European Lithium Ltd	0.053	0%	-22%	-46%	$72,702,377
BKT	Black Rock Mining	0.065	0%	-2%	-46%	$82,587,025
QEM	QEM Limited	0.1575	2%	-6%	-28%	$22,708,757
LYC	Lynas Rare Earths	6.635	1%	17%	1%	$6,215,875,930
ESR	Estrella Res Ltd	0.004	0%	-27%	-60%	$7,037,487
ARL	Ardea Resources Ltd	0.66	-2%	-2%	57%	$141,689,670
GLN	Galan Lithium Ltd	0.29	-12%	-29%	-72%	$117,717,539
JLL	Jindalee Lithium Ltd	0.595	0%	-15%	-71%	$36,294,070
VUL	Vulcan Energy	3.78	12%	48%	-27%	$595,372,608
SBR	Sabre Resources	0.018	6%	-5%	-22%	$7,110,977
CHN	Chalice Mining Ltd	1.3125	8%	8%	-83%	$460,921,515
VRC	Volt Resources Ltd	0.005	0%	0%	-50%	$24,952,069
NMT	Neometals Ltd	0.1025	3%	-21%	-82%	$65,395,083
AXN	Alliance Nickel Ltd	0.033	-20%	-3%	-69%	$25,404,387
PNN	Power Minerals Ltd	0.105	-13%	-32%	-72%	$10,649,579
IGO	IGO Limited	7.86	-1%	9%	-45%	$5,952,125,010
GED	Golden Deeps	0.04	-2%	-5%	-50%	$4,620,894
ADV	Ardiden Ltd	0.16	0%	7%	-47%	$10,315,388
SRI	Sipa Resources Ltd	0.017	0%	-11%	-15%	$3,878,688
NTU	Northern Min Ltd	0.036	3%	20%	-10%	$206,884,273
AXE	Archer Materials	0.47	-7%	-10%	18%	$117,229,626
PGM	Platina Resources	0.021	5%	5%	-32%	$13,709,967
AAJ	Aruma Resources Ltd	0.015	-6%	-25%	-78%	$2,953,373
IXR	Ionic Rare Earths	0.013	-7%	-24%	-52%	$62,806,914
NIC	Nickel Industries	0.99	4%	14%	6%	$4,285,809,880
EVG	Evion Group NL	0.025	4%	19%	-46%	$8,994,939
CWX	Carawine Resources	0.105	0%	-5%	12%	$23,612,545
PLS	Pilbara Min Ltd	4.165	3%	10%	-5%	$12,550,536,412
HAS	Hastings Tech Met	0.29	-15%	-26%	-84%	$55,558,482
BUX	Buxton Resources Ltd	0.115	10%	10%	-30%	$19,923,393
ARR	American Rare Earths	0.265	-9%	15%	39%	$125,822,941
SGQ	St George Min Ltd	0.02	11%	11%	-51%	$20,759,349
TKL	Traka Resources	0.0015	-25%	-25%	-73%	$2,625,988
PAN	Panoramic Resources	0.035	0%	0%	-73%	$103,937,992
PRL	Province Resources	0.041	0%	0%	0%	$48,441,219
IPT	Impact Minerals	0.023	21%	64%	77%	$68,752,893
LIT	Lithium Australia	0.028	0%	-3%	-18%	$34,224,167
AKE	Allkem Limited	0	-100%	-100%	-100%	$6,304,350,967
ARN	Aldoro Resources	0.065	-7%	-8%	-55%	$8,346,672
JRV	Jervois Global Ltd	0.0145	-9%	-42%	-87%	$37,838,693
MCR	Mincor Resources NL	0	-100%	-100%	-100%	$751,215,521
SYR	Syrah Resources	0.465	-11%	-11%	-53%	$407,518,818
FBM	Future Battery	0.053	6%	-7%	-54%	$33,209,639
ADD	Adavale Resource Ltd	0.0055	10%	-8%	-71%	$5,079,898
LTR	Liontown Resources	1.3175	6%	11%	-54%	$3,103,358,109
CTM	Centaurus Metals Ltd	0.4	-4%	25%	-52%	$207,898,882
VML	Vital Metals Limited	0.004	-20%	-20%	-64%	$23,580,268
BSX	Blackstone Ltd	0.051	-7%	-19%	-69%	$28,367,340
POS	Poseidon Nick Ltd	0.006	0%	0%	-84%	$25,994,743
CHR	Charger Metals	0.081	3%	-19%	-84%	$6,271,040
AVL	Aust Vanadium Ltd	0.014	0%	-7%	-64%	$120,547,044
AUZ	Australian Mines Ltd	0.01	0%	-9%	-57%	$13,985,119
TMT	Technology Metals	0	-100%	-100%	-100%	$67,134,856
RXL	Rox Resources	0.165	-6%	-17%	-60%	$60,943,453
RNU	Renascor Res Ltd	0.1025	4%	28%	-49%	$254,139,050
GL1	Globallith	0.39	-4%	-20%	-73%	$96,298,161
BRB	Breaker Res NL	0	-100%	-100%	-100%	$158,126,031
ASN	Anson Resources Ltd	0.135	29%	35%	-27%	$167,768,667
SYA	Sayona Mining Ltd	0.0365	7%	-11%	-82%	$380,851,953
FFX	Firefinch Ltd	0.2	0%	0%	0%	$236,569,315
EGR	Ecograf Limited	0.145	-12%	-17%	-17%	$65,834,614
ATM	Aneka Tambang	1.1	0%	0%	-4%	$1,434,014
TVN	Tivan Limited	0.053	-5%	6%	-35%	$87,001,476
ALY	Alchemy Resource Ltd	0.007	0%	-13%	-56%	$9,424,610
GAL	Galileo Mining Ltd	0.265	-12%	4%	-65%	$53,358,730
BHP	BHP Group Limited	43.365	1%	-2%	-2%	$220,205,868,074
LEL	Lithenergy	0.49	-2%	-5%	-36%	$57,120,800
MMC	Mitremining	0.64	29%	25%	110%	$56,173,896
RMX	Red Mount Min Ltd	0.001	-33%	-50%	-71%	$2,673,576
GW1	Greenwing Resources	0.079	-11%	13%	-68%	$14,318,867
AQD	Ausquest Limited	0.013	18%	18%	-24%	$10,726,940
LML	Lincoln Minerals	0.007	0%	17%	-56%	$11,076,294
1MC	Morella Corporation	0.003	0%	-25%	-70%	$18,536,398
REE	Rarex Limited	0.014	-7%	-13%	-73%	$9,567,412
MRC	Mineral Commodities	0.023	-8%	10%	-43%	$23,627,342
PUR	Pursuit Minerals	0.0045	-10%	-10%	-72%	$13,247,871
QPM	Queensland Pacific	0.0435	-19%	9%	-62%	$84,526,693
EMH	European Metals Hldg	0.42	-5%	40%	-29%	$49,439,239
BMM	Balkanminingandmin	0.053	-4%	-16%	-74%	$3,694,107
PEK	Peak Rare Earths Ltd	0.225	-6%	18%	-55%	$58,507,187
LEG	Legend Mining	0.014	8%	8%	-70%	$40,711,681
MOH	Moho Resources	0.005	0%	0%	-71%	$2,156,713
AML	Aeon Metals Ltd.	0.007	17%	17%	-68%	$7,674,804
G88	Golden Mile Res Ltd	0.012	0%	-8%	-43%	$4,934,674
WKT	Walkabout Resources	0.12	0%	-4%	20%	$83,907,681
TON	Triton Min Ltd	0.012	-14%	-11%	-66%	$20,298,105
AR3	Austrare	0.115	5%	-4%	-68%	$17,151,408
ARU	Arafura Rare Earths	0.19	-5%	0%	-53%	$438,957,416
MIN	Mineral Resources.	76.99	7%	10%	9%	$15,229,129,467
VMC	Venus Metals Cor Ltd	0.09	0%	-9%	-23%	$17,075,581
S2R	S2 Resources	0.12	-11%	-14%	-11%	$52,078,669
CNJ	Conico Ltd	0.001	0%	-33%	-88%	$1,805,095
VR8	Vanadium Resources	0.045	0%	-6%	-46%	$22,972,308
PVT	Pivotal Metals Ltd	0.017	0%	-23%	-51%	$13,378,247
BOA	Boadicea Resources	0.025	-11%	-7%	-70%	$3,207,174
IPX	Iperionx Limited	2.14	1%	-2%	114%	$493,974,100
SLZ	Sultan Resources Ltd	0.011	0%	-15%	-73%	$2,173,451
NKL	Nickelxltd	0.02	-9%	-31%	-67%	$1,580,673
NVA	Nova Minerals Ltd	0.23	-18%	-8%	-36%	$56,437,990
MLS	Metals Australia	0.021	-5%	-9%	-42%	$14,854,760
MQR	Marquee Resource Ltd	0.013	-7%	-24%	-43%	$5,373,997
MRR	Minrex Resources Ltd	0.012	0%	-8%	-29%	$13,018,410
EVR	Ev Resources Ltd	0.009	13%	0%	-40%	$11,230,808
EFE	Eastern Resources	0.0075	7%	7%	-32%	$8,693,625
CNB	Carnaby Resource Ltd	0.705	-2%	12%	-43%	$116,435,131
BNR	Bulletin Res Ltd	0.053	13%	-18%	-31%	$15,561,506
AX8	Accelerate Resources	0.042	-13%	11%	75%	$27,448,709
AM7	Arcadia Minerals	0.073	0%	-23%	-58%	$7,960,657
AS2	Askarimetalslimited	0.051	9%	2%	-88%	$4,591,472
BYH	Bryah Resources Ltd	0.008	0%	-20%	-59%	$3,483,628
DTM	Dart Mining NL	0.027	0%	-34%	-51%	$6,977,688
EMS	Eastern Metals	0.033	-3%	0%	-44%	$2,720,066
FG1	Flynngold	0.028	-15%	-33%	-50%	$6,401,495
GSM	Golden State Mining	0.011	-8%	-8%	-63%	$2,793,706
IMI	Infinitymining	0.06	-20%	-12%	-65%	$7,956,477
LRV	Larvottoresources	0.105	46%	18%	-50%	$18,020,038
LSR	Lodestar Minerals	0.002	33%	0%	-60%	$4,046,795
RAG	Ragnar Metals Ltd	0.018	0%	-10%	11%	$8,531,657
CTN	Catalina Resources	0.003	0%	0%	-40%	$3,715,461
TMB	Tambourahmetals	0.066	-4%	-12%	-40%	$5,639,944
TEM	Tempest Minerals	0.009	0%	0%	-47%	$4,672,120
EMC	Everest Metals Corp	0.09	-9%	-18%	25%	$14,456,914
WML	Woomera Mining Ltd	0.004	0%	-20%	-67%	$4,872,556
KZR	Kalamazoo Resources	0.091	1%	-9%	-33%	$14,858,301
LMG	Latrobe Magnesium	0.049	-2%	1%	-28%	$98,749,636
KOR	Korab Resources	0.007	0%	-13%	-74%	$2,569,350
CMX	Chemxmaterials	0.051	6%	13%	-51%	$5,764,034
NC1	Nicoresourceslimited	0.15	0%	7%	-72%	$15,323,081
GRE	Greentechmetals	0.19	-10%	-31%	12%	$16,200,595
CMO	Cosmometalslimited	0.041	0%	14%	-63%	$4,929,383
FRB	Firebird Metals	0.205	21%	71%	46%	$29,895,894
S32	South32 Limited	3.64	1%	13%	-12%	$16,531,793,773
OMH	OM Holdings Limited	0.495	3%	14%	-24%	$383,128,401
JMS	Jupiter Mines.	0.2975	1%	35%	32%	$587,851,596
E25	Element 25 Ltd	0.255	4%	13%	-64%	$54,382,584
EMN	Euromanganese	0.077	-5%	-13%	-65%	$17,431,858
KGD	Kula Gold Limited	0.012	20%	33%	9%	$5,837,543
LRS	Latin Resources Ltd	0.255	13%	46%	89%	$714,871,963
CRR	Critical Resources	0.0115	-4%	-12%	-73%	$21,334,203
ENT	Enterprise Metals	0.003	0%	0%	-57%	$2,654,163
SCN	Scorpion Minerals	0.025	4%	-4%	-64%	$11,055,317
GCM	Green Critical Min	0.003	-25%	-25%	-83%	$3,409,755
ENV	Enova Mining Limited	0.021	11%	-5%	62%	$22,032,375
RBX	Resource B	0.035	-8%	-19%	-71%	$2,728,588
AKN	Auking Mining Ltd	0.02	-17%	-13%	-67%	$4,471,720
RR1	Reach Resources Ltd	0.015	67%	20%	-6%	$13,116,460
EMT	Emetals Limited	0.005	0%	0%	-38%	$5,100,000
PNT	Panthermetalsltd	0.039	0%	30%	-46%	$3,399,480
WIN	Widgienickellimited	0.037	-10%	-24%	-86%	$11,321,912
WMG	Western Mines	0.34	-18%	119%	-48%	$27,258,546
AVW	Avira Resources Ltd	0.001	0%	0%	-67%	$2,133,790
CAI	Calidus Resources	0.125	-11%	-17%	-36%	$95,166,713
GT1	Greentechnology	0.1	-13%	-23%	-83%	$32,175,210
KAI	Kairos Minerals Ltd	0.013	8%	0%	-35%	$28,830,034
MTM	MTM Critical Metals	0.057	4%	6%	-66%	$16,585,304
NWM	Norwest Minerals	0.038	-12%	36%	12%	$15,524,780
PGD	Peregrine Gold	0.22	-4%	-8%	-40%	$14,933,253
RAS	Ragusa Minerals Ltd	0.02	-5%	-23%	-76%	$2,994,575
RGL	Riversgold	0.006	0%	-14%	-76%	$6,289,799
SRZ	Stellar Resources	0.018	6%	38%	64%	$26,407,825
STM	Sunstone Metals Ltd	0.0105	-25%	-30%	-65%	$38,507,167
ZNC	Zenith Minerals Ltd	0.075	-12%	-18%	-50%	$28,190,471
WC8	Wildcat Resources	0.51	-1%	-16%	1545%	$591,216,506
ASO	Aston Minerals Ltd	0.011	-8%	-21%	-90%	$12,950,643
THR	Thor Energy PLC	0.016	-16%	-24%	-64%	$2,936,862
YAR	Yari Minerals Ltd	0.004	-20%	-33%	-80%	$1,929,431
IG6	Internationalgraphit	0.125	4%	-26%	-43%	$22,136,804
LPM	Lithium Plus	0.098	-18%	-32%	-63%	$12,572,300
ODE	Odessa Minerals Ltd	0.004	0%	-33%	-43%	$4,173,130
KOB	Kobaresourceslimited	0.135	39%	35%	-23%	$22,198,626
AZI	Altamin Limited	0.041	0%	-16%	-44%	$18,431,659
FTL	Firetail Resources	0.051	46%	13%	-43%	$7,445,278
LNR	Lanthanein Resources	0.005	-17%	67%	-72%	$9,774,545
CLZ	Classic Min Ltd	0.0075	-6%	-25%	-85%	$2,170,241
NVX	Novonix Limited	0.8475	-2%	-16%	-13%	$415,605,372
OCN	Oceanalithiumlimited	0.05	0%	-4%	-85%	$2,757,902
SUM	Summitminerals	0.135	-10%	80%	13%	$6,910,283
DVP	Develop Global Ltd	2.35	-4%	3%	-25%	$567,809,380
OD6	Od6Metalsltd	0.07	-3%	0%	-77%	$5,617,845
HRE	Heavy Rare Earths	0.037	12%	0%	-74%	$2,238,053
LIN	Lindian Resources	0.14	4%	17%	-66%	$158,389,307
PEK	Peak Rare Earths Ltd	0.225	-6%	18%	-55%	$58,507,187
ILU	Iluka Resources	8.125	6%	13%	-26%	$3,419,192,900
ASM	Ausstratmaterials	1.015	0%	-26%	-10%	$181,520,247
ETM	Energy Transition	0.035	-5%	-13%	-5%	$48,302,063
VMS	Venture Minerals	0.021	5%	-5%	17%	$43,066,914
IDA	Indiana Resources	0.078	-5%	1%	95%	$50,085,880
VTM	Victory Metals Ltd	0.25	11%	-6%	-17%	$19,535,917
M2R	Miramar	0.009	-10%	-25%	-77%	$1,860,869
WCN	White Cliff Min Ltd	0.016	7%	7%	100%	$25,990,199
TAR	Taruga Minerals	0.008	0%	14%	-50%	$5,648,214
ABX	ABX Group Limited	0.06	-2%	-12%	-40%	$15,502,499
MEK	Meeka Metals Limited	0.036	6%	-3%	6%	$40,745,395
DRE	Dreadnought Resources Ltd	0.0175	3%	-8%	-71%	$63,235,313
KFM	Kingfisher Mining	0.071	-3%	-14%	-70%	$3,813,765
AOA	Ausmon Resorces	0.002	0%	0%	-50%	$2,117,999
WC1	Westcobarmetals	0.039	0%	-17%	-66%	$4,525,112
GRL	Godolphin Resources	0.024	-17%	-33%	-61%	$4,202,389
DM1	Desert Metals	0.02	-9%	-33%	-81%	$5,308,514
PTR	Petratherm Ltd	0.03	15%	25%	-54%	$6,967,285
ITM	Itech Minerals Ltd	0.065	-10%	-19%	-74%	$8,070,715
KTA	Krakatoa Resources	0.018	64%	125%	-40%	$7,553,716
M24	Mamba Exploration	0.022	-4%	-12%	-77%	$4,049,810
LNR	Lanthanein Resources	0.005	-17%	67%	-72%	$9,774,545
TKM	Trek Metals Ltd	0.037	-5%	-3%	-36%	$16,944,604
BCA	Black Canyon Limited	0.13	30%	18%	-35%	$9,118,390
CDT	Castle Minerals	0.005	-17%	-17%	-69%	$7,346,958
DLI	Delta Lithium	0.3225	6%	9%	-28%	$217,589,178
A11	Atlantic Lithium	0.395	-2%	7%	-29%	$253,370,931
KNI	Kunikolimited	0.22	-6%	-10%	-54%	$19,061,739
CY5	Cygnus Metals Ltd	0.08	0%	45%	-65%	$24,490,968
WR1	Winsome Resources	1.28	-7%	13%	-12%	$239,435,239
LLI	Loyal Lithium Ltd	0.25	-6%	-17%	-22%	$21,680,703
BC8	Black Cat Syndicate	0.28	2%	10%	-43%	$81,766,663
BUR	Burleyminerals	0.088	35%	26%	-67%	$10,977,079
PBL	Parabellumresources	0.043	-17%	-23%	-88%	$2,678,900
L1M	Lightning Minerals	0.092	-6%	28%	-46%	$4,572,830
WA1	Wa1Resourcesltd	18.81	9%	30%	594%	$1,159,257,280
EV1	Evolutionenergy	0.069	-8%	-24%	-71%	$18,807,634
1AE	Auroraenergymetals	0.084	-5%	-16%	-13%	$13,532,589
RVT	Richmond Vanadium	0.28	14%	-10%	-25%	$22,414,030
PMT	Patriotbatterymetals	0.9225	19%	4%	-37%	$521,362,301
PAT	Patriot Lithium	0.091	-8%	11%	-64%	$6,474,393
BM8	Battery Age Minerals	0.1	0%	1%	-72%	$9,176,032
OM1	Omnia Metals Group	0.078	0%	0%	-64%	$4,550,568
VHM	Vhmlimited	0.48	-4%	-2%	-46%	$76,329,138
LLL	Leolithiumlimited	0.505	0%	0%	-11%	$498,553,663
SRN	Surefire Rescs NL	0.01	0%	0%	-41%	$19,863,078
SRL	Sunrise	0.645	-5%	1%	-50%	$61,354,699
SYR	Syrah Resources	0.465	-11%	-11%	-53%	$407,518,818
EG1	Evergreenlithium	0.092	-6%	-4%	-77%	$5,173,160
WSR	Westar Resources	0.011	0%	-3%	-62%	$2,780,363
LU7	Lithium Universe Ltd	0.027	-18%	42%	-10%	$11,115,816
MEI	Meteoric Resources	0.225	5%	-2%	41%	$447,776,965
REC	Rechargemetals	0.033	-3%	-34%	-74%	$4,749,459
SLM	Solismineralsltd	0.096	-9%	-17%	-13%	$7,432,968
DYM	Dynamicmetalslimited	0.16	-11%	-16%	-3%	$6,120,000
TOR	Torque Met	0.135	4%	-10%	8%	$22,903,600
ICL	Iceni Gold	0.092	254%	318%	53%	$5,670,904
TMX	Terrain Minerals	0.004	0%	0%	-43%	$5,726,683
MHC	Manhattan Corp Ltd	0.002	0%	-33%	-60%	$5,873,960
MHK	Metalhawk.	0.058	-5%	-9%	-54%	$5,838,860
ANX	Anax Metals Ltd	0.041	46%	78%	-44%	$26,017,952
FIN	FIN Resources Ltd	0.012	-33%	-25%	-8%	$7,791,224
LM1	Leeuwin Metals Ltd	0.067	-11%	-4%	-78%	$2,998,507
HAW	Hawthorn Resources	0.07	-7%	-13%	-7%	$23,451,093
LCY	Legacy Iron Ore	0.016	-6%	7%	0%	$123,416,772
RON	Roninresourcesltd	0.13	13%	8%	4%	$4,234,876
ASR	Asra Minerals Ltd	0.007	0%	0%	-30%	$11,647,970
PFE	Panteraminerals	0.039	0%	-3%	-54%	$10,190,330
KM1	Kalimetalslimited	0.4	0%	-7%	0%	$30,918,548
LTM	Arcadium Lithium PLC	7.165	7%	12%	0%	$2,771,613,440