Happy hump day!
The state of Minas Gerais has the largest lithium resources in Brazil and is looking to leverage this with the launch of the Lithium Valley Brazil initiative to generate jobs and income for its population.
This initiative seeks to transform the Jequitinhonha Valley into a technology hub for battery production and other value added products by formulating public policies to attract companies and investments, qualify the workforce, promote technology, and provide the necessary infrastructure for the region’s growth.
As one of the companies with existing resources in this region, Latin Resources (ASX:LRS) is understandably keen to play a key role in this effort and is looking to follow in the footsteps of lithium producer Sigma Lithium Resources.
The market is certainly starting to take an interest in the area with ASX:OZM flying on the back of their lithium acquisition.
Whats your next Brazilian Lithium play?
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: US$1,945.6 (+0.66%)
Silver: US$23.305 (-0.31%)
Nickel (3mth): US$19,936/t (-1.56%)
Copper (3mth): US$8,375/t (-0.55%)
Oil (WTI): US$91.20 (+0.57%)
Oil (Brent): US$94.27 (+0.14%)
Iron 62pc Fe: US$121.29/t (+0.6%)
AUD/USD: 0.6445 (+-0.02%)
Bitcoin: US$26,604.00 (+0.17%)
Across markets
Australian shares are poised to open lower. Shares were modestly lower in New York, off session lows. Instacart surged more than 40 per cent on its debut; it ended the day up 12 per cent.
The focus is squarely on the Federal Reserve’s policy statement, scheduled for 4am AEST Thursday. While no rate change is expected, markets are keen for any hint of what lies ahead for November’s meeting.
ASX futures were down 14 points or 0.2% to 7186 near 7am AEST.
- On Wall St: Dow -0.3% S&P -0.2% Nasdaq -0.2%
- In New York: BHP -0.7% Rio +0.2% Atlassian +0.2%
- Tesla +0.5% Apple +0.6% Amazon -1.7% Meta +0.8%
The highlight of New York’s day was the debut of Instacart, the latest company to spark hopes of a revival for IPOs.
Instacart’s shares opened trading at $US42 each after selling for $US30 — the top of a marketed range — to raise $US660 million for the company and selling stockholders in the year’s fourth-biggest US IPO. The shares, which jumped as much as 43 per cent, closed at $US33.70 in New York, giving the company a market value of $US9.3 billion.
Source: AFR
- The ‘drone in the box’ is changing the game for the drones market
- RocketDNA’s CEO Christopher Clark explains big opportunities that lie ahead
- Are there other drone stocks on the ASX?
By 2030, the commercial drone market is projected to reach almost US$60 billion, driven by a steady Compound Annual Growth Rate (CAGR) of 7%.
Drones have rapidly become essential tools for businesses, and while some applications like aerial deliveries are still in their infancy, other uses have exploded globally.
In mining for example, drones are being used extensively to survey large tracts of land, capture aerial images, and collect data from areas where traditional methods may not be feasible.
The CEO of drones company RocketDNA (ASX:RKT) (formerly Delta Drones ), Christopher Clark, said that while people have seen drones before, most never really understood how they could be applied in business.
“That was always the hardest thing, I guess, to try to get investors’ heads across that you can make real, serious money with drones,” Clark told Stockhead.
Source: Stockhead
Company: Terra Uranium (ASX:T92)
Sector: Uranium
Deal Type: IPO
Raise Amount: $7.5M
Latest Entry Price: $0.20
Today’s Price Change: $0.135 +3.85%
Company: Patagonia Lithium (ASX:PL3)
Sector: Lithium
Deal Type: IPO
Raise Amount: $8.6M
Latest Entry Price: $0.20
Today’s Price Change: $0.12 -11.11%
Company: Gold Mountain Limited (ASX:GMN)
Sector: Lithium
Deal Type: Placement
Raise Amount: $2.25M
Latest Entry Price: $0.0075
Today’s Price Change: $0.007 +16.67%
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: $0.026 +4.00%
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: $0.0075 -6.25%
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 AEVO
Today’s Price Change: $0.01 Unchanged
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: $0.047 -6.00%
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: $0.225 -4.26%
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: $0.004 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: $0.036 +2.86%
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 +10.00%
Company: Paradigm Biopharma (ASX:PAR)
Sector: Biopharma
Deal Type: IPO Cornerstone
Raise Amount: $1M+
Latest Entry Price: $0.35
Today’s Price Change: $0.675 -9.40%
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: $0.031 +3.33%
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: $0.019 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: $0.005 +25.00%
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 -4.00%
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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