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 22 September, 2023

Happy Friday!

A spectacular sunny morning here in Melbourne.

On another note, who’s been keeping an eye on uranium?

Nuclear industry forecasters are more bullish than they’ve been in years with spot uranium prices hitting a decade high of US$67/lb this week.

On the demand side, there’s a forecasted supply shortfall of approximately 1.5 billion pounds by 2040.

When you take that into consideration, the bullish reports from the World Nuclear Association (WNA) and price reporter Ux Consulting make sense when they say new operations will be needed to fill uranium demand from nuclear power plants will almost double by 2040.

Here are 15 uranium explorers under the $50m market cap mark.

Across markets

Australian shares were set to fall at the open as policymakers at the Bank of England made clear that they too will be in no rush to pivot to rate cuts, echoing Federal Reserve chairman Jerome Powell.

ASX futures were down 98 points or 1.4% to 7012 near 6.15am AEST.

  • On Wall St: Dow -1.1% S&P -1.6% Nasdaq -1.8%
  • In New York: BHP -3.1% Rio -2.7% Atlassian -5.4%
  • Tesla -2.6% Apple -0.9% Amazon -4.4% NYSE Fang -2.4%
  • Nvidia -2.9% Alphabet -2.4% Arm Holdings -1.4%

“Now that the S&P 500 is back down below its 50-day moving average, there might be more downside until the market finds support at its 200-day moving average, around 4200 currently,” Yardeni Research said in a note. “September will be over soon.”

The local currency slid 0.5 per cent; the Bloomberg dollar spot index was 0.2 per cent higher.

On bitstamp.net, bitcoin was 1.6 per cent lower to $US26,582 at 6.12am AEST.

Source: AFR

Want to join the Peak Community and get access to our “hand-picked” corporate deals?

Closer to Home
  • Vulcan Energy granted geothermal energy-lithium exploration license for expansion into Frankfurt
  • Granting includes industrial areas with potential heavy energy consumers requiring large quantities of renewable energy and heating
  • Vulcan’s team is focused on the execution of Phase One of its Zero Carbon Lithium™ Project, which combines geothermal renewable energy and lithium production
  • Commissioning of the extraction optimisation plant is expected in Q4 this year

Vulcan Energy’s new geothermal and lithium brine exploration licence could decarbonise large industrial areas of Frankfurt through heat supply, with potential for lithium extraction.

Vulcan Energy Resources (ASX:VUL) aims to be the world’s first dual lithium chemicals and renewable energy producer with net zero greenhouse gas emissions.

Its unique Zero Carbon Lithium™ project – progressing towards ‘finance ready’ by November – will produce renewable geothermal energy and enough lithium hydroxide for 1 million EVs per year from the same deep brine source in the Upper Rhine Valley, Germany.

Source: Stockhead


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Recent Peak Deals

Company: Alderan Resources (ASX:AL8)
Sector: Lithium
Deal Type: Placement
Raise Amount: $1.75M
Latest Entry Price: $0.006 with a 1:2 AL8OA
Today’s Price Change: $0.012 -7.69%

Company: Terra Uranium (ASX:T92)
Sector: Uranium
Deal Type: IPO
Raise Amount: $7.5M
Latest Entry Price: $0.20
Today’s Price Change: $0.12 -11.11%

Company: Patagonia Lithium (ASX:PL3)
Sector: Lithium
Deal Type: IPO
Raise Amount: $8.6M
Latest Entry Price: $0.20
Today’s Price Change: $0.12 -4.00%

Company: Gold Mountain Limited (ASX:GMN)
Sector: Lithium
Deal Type: Placement
Raise Amount: $2.25M
Latest Entry Price: $0.0075
Today’s Price Change: $0.007 Unchanged

Company: Unith Ltd. (ASX:UNT)
Sector: AI/ChatGPT
Deal Type: Placement
Raise Amount: $4.5M
Latest Entry Price: $0.033 with a 1:1 UNTO
Today’s Price Change: $0.026 Unchanged

Company: Volt Resources Ltd. (ASX:VRC)
Sector: Battery Metals
Deal Type: Placement
Raise Amount: $5.75M
Latest Entry Price: $0.011
Today’s Price Change: $0.0075 -6.25%

Company: Castle Minerals Ltd. (ASX:CDT)
Sector: Battery Metals/Base Metals
Deal Type: Placement
Raise Amount: $1.52M
Latest Entry Price: $0.02 with a 2:3 CDTOA
Today’s Price Change: $0.01 Unchanged

Company: Avenira Ltd. (ASX:AEV)
Sector: Phosphate
Deal Type: Placement
Raise Amount: $2.1M
Latest Entry Price: $0.01 with a 1:2 AEVO
Today’s Price Change: $0.01 -9.09%

Company: Latrobe Magnesium Ltd. (ASX:LMG)
Sector: Magnesium
Deal Type: Placement
Raise Amount: $3M & $11.5M
Latest Entry Price: $0.10 with a 1:4 LMGO
Today’s Price Change: $0.046 -2.13%

Company: Askari Metals Ltd (ASX:AS2)
Sector: Mining
Deal Type: IPO
Raise Amount: $5.7M
Latest Entry Price: $0.35 with a 1:3 AS2O
Today’s Price Change: $0.215 +4.88%

Company: Tymlez Ltd (ASX:TYM)
Sector: Blockchain
Deal Type: IPO/On-market purchase
Raise Amount: $13.3M
Latest Entry Price: $0.004 with a 1:1 option
Today’s Price Change: $0.004 Unchanged

Company: iCandy (ASX:ICI)
Sector: Gaming & Digital Advertising
Deal Type: Placement
Raise Amount: $1.25M
Latest Entry Price: $0.02 with a 1:1 ICIOB
Today’s Price Change: $0.038 Unchanged

Company: Fatfish Group (ASX:FFG)
Sector: Fintech
Deal Type: Placement
Raise Amount: $1.5M
Latest Entry Price: $0.015 with a 1:2 FFGOA
Today’s Price Change: $0.011 Unchanged

Company: Paradigm Biopharma (ASX:PAR)
Sector: Biopharma
Deal Type: IPO Cornerstone
Raise Amount: $1M+
Latest Entry Price: $0.35
Today’s Price Change: $0.625 +0.81%

Company: ReNu Energy Limited (ASX:RNE)
Sector: Energy
Deal Type: Placement
Raise Amount: $1.46M
Latest Entry Price: $0.06 with a 1:1 RNEO
Today’s Price Change: $0.032 +3.23%

Company: Carly Holdings Ltd (ASX:CL8)
Sector: AI and Car subscription
Deal Type: Placement
Raise Amount: $1.25M
Latest Entry Price: $0.025 with a 1:2 CL8O
Today’s Price Change: $0.018 -5.26%

Company: Avecho Biotechnology (ASX:AVE)
Sector: CBD
Deal Type: Placement
Raise Amount: $5M
Latest Entry Price: $0.006 with a 3:2 AVEOA
Today’s Price Change: $0.004 Unchanged

Company: ECS Botanics Holdings Ltd (ASX:ECS)
Sector: Medicinal Cannabis
Deal Type: Placement
Raise Amount: $6.6M
Latest Entry Price: $0.033 with 1:2 ECSO
Today’s Price Change: $0.024 Unchanged

If you would like more information on future Peak deals, please don’t hesitate to get in touch.

The trustee for Peak Asset Management Unit Trust (“Peak”) is a corporate authorised representative (#1295491) of Dayton Way Securities Pty Ltd (AFSL #382585).
Peak accepts no responsibility for any views expressed and marketing material contained in this email except where the message specifically states otherwise and the sender is authorised to state them to be the views of Peak. Information provided in this email is general advise only and does take account your objectives, financial situation or needs.  Before acting on any advice in this email, Peak recommends that you consider whether it is appropriate for your circumstances.  If this email contains reference to any financial products, you should obtain the current Product Disclosure Statement (PDS) or other disclosure documents for the particular products and consider this information before making any decisions regarding the products. The Financial Services Guide (FSG) can be found at www.peakassetmanagement.com.au  or by telephoning
Peak on 1300 304 460

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