A day of meetings in the city today and good to see people out and about.
Nice of Melbourne weather to come to the party as well!
From the Li space…
In 2023, Benchmark forecasts that worldwide lithium ion battery production will surpass 1
terawatt-hour for the first time.
See pic below for more.
Across Markets…
The S&P/ASX 200 Index marched 0.4 per cent higher with financials and materials leading the charge.
Boral shares were the session’s star performer with a 12.8 per cent leap to $3.97, the highest in a year after posting stronger revenues.
Suncorp shares climbed 4.6 per cent after a profit bonanza and higher dividends.
Fortescue Metals rallied 2 per cent. It signed a convention for an iron ore project with the government of Gabon.
Australian government bond yields climbed more than 20 basis points in just three sessions after the RBA said more interest rate increases would be necessary to rein in high inflation, quashing hopes of a looming policy pause.
Morgans said Tuesday’s policy statement suggests the central bank is resolute to continue the process until it brings inflation down, tipping it at 4.85pc by August.
Source: AFR
Galan Lithium (ASX: GLN) has taken full ownership of its Candelas brine project in Argentina, which has an existing indicated resource an initial production forecast of 14,000 tonnes per annum of lithium carbonate equivalent.
The company now wholly-owns the title to the asset, which is unencumbered by any third-party royalties.
Prior to focussing on the nearby Hombre Muerto West (HMW) lithium brine project 40km away, Galan firmed-up an indicated resource for Candelas and completed a preliminary economic assessment.
The project’s resource totals 685,000t at 672 milligrams per litre of lithium and was based on eight holes drilled for 3,537m.
The study estimated capital expenditure of US$408 million (A$585 million) would be required to develop Candelas, which would bring in annual earnings before interest tax depreciation and amortisation of US$188 million (A$270 million).
Source: SmallCaps
Sector: Uranium
Deal Type: IPO
Raise Amount: $7.5M
Latest Entry Price: $0.20
Today’s Price Change: $0.365 +7.35%
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: $0.0125 +4.17%
Company: Castle Minerals Ltd. (ASX:CDT)
Sector: Battery Metals/Base Metals
Deal Type: Placement
Raise Amount: $1.52M
Latest Entry Price: $0.03 with a 1:3 CDTOA
Today’s Price Change: $0.023 Unchanged
Company: Avenira Ltd. (ASX:AEV)
Sector: Phosphate
Deal Type: Placement
Raise Amount: $2.1M
Latest Entry Price: $0.01 with a 1:2 Listed Option
Today’s Price Change: $0.016 +6.67%
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: $0.076 -3.80%
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: $0.62 -3.13%
Company: Tymlez Ltd (ASX:TYM)
Sector: Blockchain
Deal Type: IPO/On-market purchase
Raise Amount: $13.3M
Latest Entry Price: $0.01
Today’s Price Change: $0.019 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: $0.047 -6.00%
Sector: Fintech
Deal Type: Placement
Raise Amount: $1.5M
Latest Entry Price: $0.015 with a 1:2 FFGOA
Today’s Price Change: $0.02 Unchanged
Company: Lobe Sciences (CSE:LOBE)
Sector: Medtech
Deal Type: Pre-IPO
Raise Amount: $1.5M
Latest Entry Price: $0.05 with a 1:1 Warrants
Today’s Price Change: $0.045 +12.50%
Company: Paradigm Biopharma (ASX:PAR)
Sector: Biopharma
Deal Type: IPO Cornerstone
Raise Amount: $1M+
Latest Entry Price: $0.35
Today’s Price Change: $1.475 +3.15%
Sector: Satellite Communication
Deal Type: Placement
Raise Amount: $5.3M & $5M
Latest Entry Price: $0.44 with a 1:4 Option
Today’s Price Change: $0.23 Unchanged
Company: Nanollose Limited (ASX:NC6)
Sector: Biomaterials
Deal Type: Placement
Raise Amount: $2.85M
Latest Entry Price: $0.10 with a 1:2 NC6OA
Today’s Price Change: $0.061 Unchanged
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: $0.057 Unchanged
Company: Cipherpoint Limited (ASX:CPT)
Sector: Cybersecurity
Deal Type: Placement
Raise Amount: $2.9M
Latest Entry Price: $0.005 with a 1:1 Listed Option
Today’s Price Change: $0.0065 -7.14%
Company: Metals Australia Limited (ASX:MLS)
Sector: Lithium/Graphite
Deal Type: Placement
Raise Amount: $7.8M
Latest Entry Price: $0.078 with 1:1 MLSOD
Today’s Price Change: $0.057 +5.56%
Company: BBX Minerals Ltd (ASX:BBX)
Sector: Mining
Deal Type: Placement
Raise Amount: $2.1M
Latest Entry Price: $0.082 with a 1:1 BBXOA
Today’s Price Change: $0.14 Unchanged
Sector: CBD
Raise Amount: $5M
Latest Entry Price: $0.022 with a 1:2 AVEO
Today’s Price Change: $0.012 +9.09%
Sector: Medicinal Cannabis
Deal Type: Placement
Raise Amount: $6.6M
Latest Entry Price: $0.033 with 1:2 ECSO
Today’s Price Change: $0.027 Unchanged
If you would like more information on future Peak deals, please don’t hesitate to get in touch.
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