TRADING HALTS
Limeade (ASX:LME) – Halt called pending the outcome of the special shareholders meeting to approve to the merger between Limeade and WebMD Health Corp.
Adriatic Metals (ASX:ADT) – Capital raising.
MPower (ASX:MPR) – Finalisation of a refinancing transaction.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: US$1,924.99 (-0.59%)
Silver: US$22.77 (-1.61%)
Nickel (3mth): US$20,835/t (-1.27%)
Copper (3mth): US$8,290.05/t (-2.3%)
Oil (WTI): US$82.84 (+1.09%)
Oil (Brent): US$86.07 (+0.84%)
Iron 62pc Fe: US$104.41/t (-0.31%)
AUD/USD: 0.6542 (-0.3%)
Bitcoin: US$29,859 (+2.46%)
Australian shares are poised to slip amid new worries about the global economic outlook. Moody’s put US banks on notice. Singapore traded iron ore shed 1.1 per cent to $US99.90 a tonne.
ASX futures were down 4 points to 7246 near 7am AEST, paring earlier losses in line with US equities recovering from an early session swoon. Apple snapped its post-earnings slide.
Reporting on Wednesday: Suncorp Group, CBA.
- On Wall St: Dow -0.5% S&P -0.4% Nasdaq -0.8%
- In New York: BHP -0.9% Rio -0.8% Atlassian +1.4%
- Tesla -0.7% Apple +0.5% Amazon -1.6% VIX +1.8%
- Goldman -2.1% PNC Financial -1.8% Citigroup -1.5%
Source: AFR
Lynas (ASX:LYC) is running the ruler over acquisitions, including ionic clay projects, to enhance flagship hard rock operations at Mt Weld in WA.
The 15 rare earths are categorised into ‘lights’ and ‘heavies’. Heavies are generally less common and more expensive.
The ionic clay deposits, while very low grade, typically have more of the heavies, which are used in the production of high-performance permanent magnets.
Rare earth permanent magnets are a crucial component in wind turbines and in the drive train of hybrid and electric vehicles.
There’s a couple of kilos of rare earths magnets in every EV, and about a tonne in every MW of power produced by wind turbines.
China, which dominates global REE mining and processing, gets most of its supply from ionic deposits in Southern China and neighbouring Myanmar.
Finding a complementary clay deposit for the light-dominant Mt Weld “is certainly what we are looking at”, LYC boss Amanda Lacaze told Stockhead at the Diggers & Dealers Mining Forum in Kalgoorlie.
“Ionic clay processing has had a bad rep for many years for the way it was originally prosecuted in China, where they basically just pump the earth full of ammonium sulfate and catch the minerals as they leached out,” Lacaze says.
“But there are better ways of doing it today. It will remain an important source.”
Lacaze says LYC – the Western world’s only rare earths producer of scale — is always open to partnering, offtake agreements, and acquisitions.
“It is to our benefit for the whole of the industry outside of China to grow,” she says.Is there room for another large Western rare earths producer?
LYC currently building out its mining and downstream capacity across the world. But the road was a tough one, partially due to China’s tight control over market pricing.
Lacaze was the driving force behind the revival of LYC, which death-spiralled from multi-billion-dollar highflyer in 2011 to a valuation of just $3m in 2015.
It is now worth $6.5bn.
“We’ve been in production for a decade and have faced every type of challenge that could be thrown at us,” Lacaze says.
“I hope there is room for more Western companies because the textbooks are right – monopoly markets are not healthy markets. With more competition everyone in the industry benefits.
“But the barriers to entry are high. New entrants will need to be creative in the way they enter the market, but I am hopeful we will have a more robust outside-of-China market industry.”
Company: Terra Uranium (ASX:T92)
Sector: Uranium
Deal Type: IPO
Raise Amount: $7.5M
Latest Entry Price: $0.20
Today’s Price Change: $0.15 Unchanged
Company: Patagonia Lithium (ASX:PL3)
Sector: Lithium
Deal Type: IPO
Raise Amount: $8.6M
Latest Entry Price: $0.20
Today’s Price Change: $0.17 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: $0.011 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: $0.028 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: $0.01 -9.09%
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: $0.011 Unchanged
Company: Avenira Ltd. (ASX:AEV)
Sector: Phosphate
Deal Type: Placement
Raise Amount: $2.1M
Latest Entry Price: $0.01 with a 1:2 Listed Option
Today’s Price Change: $0.012 -7.69%
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: $0.058 Unchanged
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: $0.26 -5.45%
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: $0.003 -25.00%
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: $0.042 -6.67%
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: $0.015 -6.25%
Company: Paradigm Biopharma (ASX:PAR)
Sector: Biopharma
Deal Type: IPO Cornerstone
Raise Amount: $1M+
Latest Entry Price: $0.35
Today’s Price Change: $0.85 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: $0.038 -5.00%
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: $0.023 Unchanged
Company: Avecho Biotechnology (ASX:AVE)
Sector: CBD
Deal Type: Placement
Raise Amount: $5M
Latest Entry Price: $0.022 with a 1:2 AVEO
Today’s Price Change: $0.006 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: $0.023 Unchanged
If you would like more information on future Peak deals, please don’t hesitate to get in touch.
Peak on 1300 304 460
