Happy Friday!
It’s certainly all happening in the uranium sector.
- Uranium spot price cracked US$80/lb this week, its highest level since the Fukushima incident in 2011
- Industry leaders confident a new uranium bull cycle has commenced, and there is plenty of upside still to come
- Some 160Mlb of yellowcake has been contracted this year alone despite no new uranium mines coming online in the past decade
- Australia tipped to embrace nuclear power in the near term, but there’s less optimism WA will overturn its ban on uranium mining
Across Markets…
- ASX recovered on Friday, but was flattish for the week
- Energy stocks led, while Origin Energy climbed 3pc
- Star Casino down after an update on Queensland operations
The ASX gained back some losses on Friday, closing up by +0.2%. For the week, the benchmark ASX200 index finished flattish.
Traders lost a bit of direction as Wall Street shuttered for Thanksgiving last night.
Energy stocks led the ASX today, tracking its counterparts in Europe, as traders await the OPEC+ meeting which has been postponed to next week (November 30th).
“Uncertainty is never good for financial markets, which now have to wait longer to get clarity what OPEC+ will do next year,” said UBS analyst, Giovanni Staunovo.
The Utilities sector was also higher today after a 3% rally in Origin Energy (ASX:ORG) shares.
The takeover target remains in the spotlight after its top shareholders rejected Brookfield’s revised $10.6 billion bid yesterday.
Geopolitical relations also remain in focus with Israel-Hamas conflict mediators reportedly anticipating a temporary truce enabling hostage exchanges to take place today.
Across the region, Asian stocks were mixed as eyes turn to the Chinese property market after the government announced measures to support the ailing sector.
But overall, sentiment in equities remain muted after the European Central Bank (ECB) minutes from its October meeting suggested that ECB policy makers thought it was too early for the central bank to close the door to further rate hikes entirely.
Looking ahead to tonight, the US markets will close early, due to Thanksgiving season.
Source: Stockhead
Sunshine Metals (ASX: SHN) has confirmed a potential gold-rich feeder zone with the drilling of multiple high-grade gold intersections at the Liontown prospect within its Ravenswood Consolidated project in North Queensland.
Assays received from the initial 12 reverse circulation (RC) hole zones at Liontown are considered to have intersected gold and copper rich feeder zones overlying the historic project.
Highlight hits include 17m at 22.1 grams per tonne gold.
New geological model
Sunshine undertook the Liontown drilling as part of its development of a new geological model that has identified this feeder zone over the 2.3 million tonnes of zinc, gold, copper, lead and silver volcanogenic massive sulphide (VMS) resource.
Sunshine managing director Dr Damien Keys said the exceptional gold results will be included in the resource update due in December 2023.
“The stunning intercepts at Liontown are a great reward for the solid geological work completed by the team,” Dr Keys said.
Source: Small Caps
Sector: Lithium
Deal Type: Placement
Raise Amount: $1.75M
Latest Entry Price: $0.006 with a 1:2 AL8OA
Today’s Price Change: $0.007 Unchanged
Company: Terra Uranium (ASX:T92)
Sector: Uranium
Deal Type: IPO
Raise Amount: $7.5M
Latest Entry Price: $0.13
Today’s Price Change: $0.155 +6.9%
Company: Patagonia Lithium (ASX:PL3)
Sector: Lithium
Deal Type: IPO
Raise Amount: $8.6M
Latest Entry Price: $0.20
Today’s Price Change: $0.14 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: $0.006 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: $0.021 -4.55%
Company: Volt Resources Ltd. (ASX:VRC)
Sector: Battery Metals
Deal Type: Placement
Raise Amount: $5.75M
Latest Entry Price: $0.007 with 1:2 VRCOB
Today’s Price Change: $0.007 +16.67%
Company: Castle Minerals Ltd. (ASX:CDT)
Sector: Battery Metals/Base Metals
Deal Type: Placement
Raise Amount: $1.52M
Latest Entry Price: $0.01 with 1:2 CDTOA
Today’s Price Change: $0.011 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: $0.012 Unchanged
Company: Latrobe Magnesium Ltd. (ASX:LMG)
Sector: Magnesium
Deal Type: Placement
Raise Amount: $3M & $11.5M
Latest Entry Price: $0.04
Today’s Price Change: $0.061 -4.69%
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: $0.185 Unchanged
Company: Excite Technology Services (ASX:EXT)
Sector: Cloud
Deal Type: Placement
Latest Entry Price: $0.005 with a 1:2 EXTOD
Today’s Price Change: $0.008 Unchanged
Sector: Mining
Deal Type: Placement
Raise Amount: $1.65M
Latest Entry Price: $0.006 with a 1:1 ESRO
Today’s Price Change: $0.005 -16.67%
Company: Paradigm Biopharma (ASX:PAR)
Sector: Biopharma
Deal Type: IPO Cornerstone
Raise Amount: $1M+
Latest Entry Price: $0.35
Today’s Price Change: $0.38 -2.56%
Company: Sabre Resources
Sector: Energy
Deal Type: Placement
Raise Amount: $2.6M + $700k strategic
Latest Entry Price: $0.04 with a 1:1 SBROB
Today’s Price Change: $0.042 -2.33%
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 +13.33%
Sector: CBD
Raise Amount: $5M
Latest Entry Price: $0.006 with a 3:2 AVEOA
Today’s Price Change: $0.004 Unchanged
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.
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