It’s happy days for all the yellow cake bulls out there!
As uranium prices edge toward US$100/lb, from less than US$40/lb in 2022 ASX uranium plays topped the list of winning companies yesterday!
Peak’s very own small explorer Terra Uranium (ASX:T92) has announced it will pick up ground in Canada in the famous Athabasca Basin, staking two claims called Rapid River. All up, T92 now has a total of 1108sqkm to play with across four projects.
Former lithium explorer White Cliff Minerals (ASX:WCN) today also announced plans to acquire a historical uranium project in the Northwest Territories of Canada called Radium Point.
Global Uranium and Enrichment (ASX:GUE) has successfully offloaded its 80% stake in a lithium project called Maggie Hays Hill for $2.1m in cash and shares to Intra Energy (ASX:IEC) , which was flat on the news.
Market highlights
ASX futures down 21 points or 0.3% to 7445 near 6.30am AEDT
- AUD -0.4% to 66.60 US cents
- Bitcoin +0.7% to $US42,959 at 6.32am AEDT
- US markets closed
- Stoxx 50 -0.6% FTSE -0.4% DAX -0.5% CAC -0.7%
- Spot gold +0.3% to $US2054.99/oz at 1.18pm in New York
- Brent crude -0.1% to $US78.18 a barrel
- Iron ore -1.7% to $US127.50 a tonne
- 10-year yield: US 3.94% Australia 4.07% Germany 2.23%
Australian shares are poised to fall, tracking weakness in Europe after data confirmed German’s economic malaise. Consumer sentiment data tops Tuesday’s data prints.
Rio Tinto is scheduled to release its latest quarterly production update at 8.30am. It will hold its annual meeting on January 29 and release full-year results on February 21.
A preliminary estimate showed Germany’s economic fell 0.3 per cent in the December quarter; the September quarter was revised to 0 per cent from negative 0.1 per cent.
The “small upward revision” to the third quarter data means Germany narrowly avoided a technical recession in the second half of last year
but that is splitting hairs”, according to Andrew Kenningham, chief Europe economist at Capital Economics.
Source: AFR
- Enel Green Power Australia has winning bid to acquire QEM’s Julia Creek renewables project
- QEM to receive $3m upfront payment, $4m in milestone payments and a final payment contingent on development plans
- Company will also receive royalty payments should the project start commercial operations
Special Report: QEM has signed a binding agreement to sell its Julia Creek renewables project to Enel Green Power Australia, a move that increases the likelihood of its development.
The proposed project covers the development of up to 1 gigawatt (GW) of renewable energy from a hybrid wind and solar farm directly adjacent to QEM’s (ASX:QEM) flagship Julia Creek vanadium and oil shale project (JCP) in Queensland.
Previous monitoring work by the company has already proven that the site receives sufficient wind and sunlight for such a plant to be viable.
The renewables project has the potential to provide cheaper power for the JCP and to contribute to decarbonisation as well as the Queensland and Australian government renewable energy and emission reduction targets.
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: $0.005 Unchanged
Company: Terra Uranium (ASX:T92)
Sector: Uranium
Deal Type: IPO
Raise Amount: $7.5M
Latest Entry Price: $0.13 with 1:1 T92O
Today’s Price Change: $0.19 +40.74%
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: $0.004 -11.11%
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 Unchanged
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: $0.008 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: $0.0125 +4.17%
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: $0.055 -3.51%
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: $0.16 -5.88%
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 -11.11%
Company: Estrella Resources (ASX:ESR)
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 Unchanged
Company: Paradigm Biopharma (ASX:PAR)
Sector: Biopharma
Deal Type: IPO Cornerstone
Raise Amount: $1M+
Latest Entry Price: $0.35
Today’s Price Change: $0.405 -3.57%
Company: Sabre Resources (ASX:SBR)
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: $0.028 -3.45%
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: $0.014 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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