How are you this morning!
It was great to host Prashant Chintawar, CEO of ASX:VRC for dinner last night at the Middle Park Hotel!
We appreciate him flying all the way from the US to see his major shareholders.
An exciting battery anode material play who are looking to setup their downstream business in the US and recently signed an offtake to supply up to 20,000 tonnes of graphite per year to the US government.
Across markets
Australian shares are set to open higher, bolstered by overseas gains. Both oil and gold eased on hopes that Israel’s response to the Hamas attacks will be more measured than previously expected.
ASX futures were up 47 points or 0.7% to 7094 near 6.34am AEDT.
- On Wall St at 3.45pm: Dow +1% S&P +1.1% Nasdaq +1.3%
- In New York: BHP +2.5% Rio +3.2% Atlassian +4.5%
- Tesla +1.5% Apple -0.1% Lululemon +10.5%
The Dow touched a near four-week high and was on course for its best day in more than two months, Reuters reported, while the S&P 500 and the Nasdaq were headed for their best days in nearly two weeks.
The local currency rebounded 0.8 per cent; the Bloomberg dollar spot index slipped 0.3 per cent.
On bitstamp.net, bitcoin was 5.4 per cent higher to $US28,470 at 6.47am AEDT. It earlier briefly surged above $US29,000 after a report, later retracted, that US authorities had approved an application by BlackRock for a spot bitcoin exchange-traded fund.
BlackRock also said its plans were still being reviewed
Source: AFR
- Jindalee Resources announces $5.5m capital raising comprised of a $2m priority offer and $3.5m public offer
- Funds raised to be used to advance exploration and development of 100% owned McDermitt lithium project in the US
- McDermitt is the largest lithium deposit in the US by contained lithium at 21.5Mt LCE
Under-the-radar lithium stock Jindalee Resources is raising $5.5m to advance exploration and development at the McDermitt lithium project on the Oregon-Nevada border in the US.
In 2018, Jindalee Resources (ASX:JRL) acquired two lithium sediment projects, McDermitt and Clayton North, from Hitech Minerals after an extensive search across the western United States.
A lot of work has been done since then. In late February this year an updated resource at McDermitt resulted in a combined Indicated and Inferred inventory of 3 billion tonnes at 1,340ppm Li for a total of 21.5Mt LCE.
JRL says McDermitt is now the largest lithium deposit in the US by contained lithium, with the closest analogy to the project being Lithium America’s advanced 19Mt Thacker Pass asset, 30km away and currently trading with a market capitalisation of circa $2.8 billion on the NYSE and TSX.
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 Unchanged
Company: Terra Uranium (ASX:T92)
Sector: Uranium
Deal Type: IPO
Raise Amount: $7.5M
Latest Entry Price: $0.20
Today’s Price Change: $0.14 Unchanged
Company: Patagonia Lithium (ASX:PL3)
Sector: Lithium
Deal Type: IPO
Raise Amount: $8.6M
Latest Entry Price: $0.20
Today’s Price Change: $0.15 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 +9.09%
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: $0.023 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: $0.008 Unchanged
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 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: $0.011 +10.00%
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: $0.045 -4.26%
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: $0.18 -5.26%
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 -8.33%
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: $0.011 -8.33%
Company: Paradigm Biopharma (ASX:PAR)
Sector: Biopharma
Deal Type: IPO Cornerstone
Raise Amount: $1M+
Latest Entry Price: $0.35
Today’s Price Change: $0.63 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: $0.028 -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: $0.017 Unchanged
Company: Avecho Biotechnology (ASX:AVE)
Sector: CBD
Deal Type: Placement
Raise Amount: $5M
Latest Entry Price: $0.006 with a 3:2 AVEOA
Today’s Price Change: $0.004 -11.11%
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: $0.024 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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