Happy Friday!.
A warm one today in Melbourne to bring in the weekend, and elevate those Friday beers.
Across markets
Australian shares are poised to open modestly lower, reversing earlier gains after a poorly received sale of 30-year debt by the US Treasury and after Fed boss Jerome Powell’s pushback on rate cut bets rattled US markets.
ASX futures were down 5 points or 0.1% to 7017 near 7am AEDT; they had been up more than 20 points earlier. The currency slid below US64¢.
The yield on the US 10-year note spiked 13 basis points to 4.63 per cent at 3.09pm. The 30-year yield surged as much as 22 basis points.
Iron ore traded in Singapore closed above $US125 a tonne. The outlook for the steel-making material has improved in part on hopes China is moving, albeit slower than some would hope, to bolstering the real estate sector.
Market highlights
ASX futures down 5 points or 0.1% to 7017 near 7am AEDT
- AUD -0.4% to 63.77 US cents
- Bitcoin +2.4% to $US36,412 at 5.42am AEDT
- On Wall St at 2.25pm: Dow -0.5% S&P -0.5% Nasdaq -0.5%
- In New York: BHP +0.4% Rio -0.2% Atlassian -2.3%
- Tesla -6.1% Apple -0.4% Amazon -1.3% Nvidia +0.8%
- VIX +7% QQQ -0.7% TLT -2.1%
- Stoxx 50 +1.2% FTSE +0.7% DAX +0.8% CAC +1.1%
- Spot gold +0.7% to $US1964.04/oz at 1.37pm in New York
- Brent crude +1.4% to $US80.66 a barrel
- Iron ore +0.3% to $US125.15 a tonne
- 10-year yield: US 4.63% Australia 4.53% Germany 2.64%
- US prices as of 3.09pm in New York
Source: AFR
- New World agrees to purchase two parcels of mineral rights immediately to the south and east of its flagship Antler copper deposit in Arizona
- Negligible exploration, and no drilling, has ever been undertaken at these new areas
- Exploration programs will start immediately to prove up potential extensions and/or repetitions of the existing 11.4Mt resource
Special Report: New World Resources has picked up the mineral rights to “highly prospective” strike extensions to its Antler copper deposit in the US.
The ink is still drying on New World’s (ASX: NWC) $11 million royalty agreement with Trident Royalties announced yesterday, but it hasn’t stopped the company from bolstering its tenure around the Arizona-based project.
New World today confirmed it has entered into a binding agreement to purchase two parcels of mineral rights covering approximately 1,000 acres. One parcel of 640 acres is located immediately south of the Antler deposit while the other 360-acre parcel is several hundred metres due east of the deposit.
Pursuant to an agreement with Santa Fe Pacific Railway Company (which owns the mineral rights) and a subsidiary of Newmont Corporation (ASX: NEM) (which holds a lease over the mineral rights) New World has agreed to purchase 100% of the mineral rights for US$850,000 in cash and a 3% NSR royalty on any and all future production.
Source: Stockhead
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: $0.014 +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 -7.69%
Company: Patagonia Lithium (ASX:PL3)
Sector: Lithium
Deal Type: IPO
Raise Amount: $8.6M
Latest Entry Price: $0.20
Today’s Price Change: $0.13 Unchanged
Company: Gold Mountain Limited (ASX:GMN)
Sector: Lithium
Deal Type: Placement
Raise Amount: $2.25M
Latest Entry Price: $0.0075
Today’s Price Change: $0.005 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: $0.02 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: $0.0065 +8.33%
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 -9.09%
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: $0.0125 -3.85%
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: $0.047 +2.17%
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: $0.17 +21.43%
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: $0.033 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: $0.012 Unchanged
Company: Paradigm Biopharma (ASX:PAR)
Sector: Biopharma
Deal Type: IPO Cornerstone
Raise Amount: $1M+
Latest Entry Price: $0.35
Today’s Price Change: $0.385 -2.53%
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: $0.0205 +2.50%
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: $0.017 Unchanged
Company: Avecho Biotechnology (ASX:AVE)
Sector: CBDDeal 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: $0.022 Unchanged
If you would like more information on future Peak deals, please don’t hesitate to get in touch.
Peak on 1300 304 460
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