How are you this morning?
If you’ve been asleep at the wheel and you think you’ve missed the battery metals boom… Think again.
The good news for investors late to the battery metals party is this: from an investment cycle perspective, we are likely only in the early stages, says Sprott Asset Management.
Across markets…
Australian share futures were modestly lower, in line with New York. US equities reversed earlier modest gains after the latest Federal Reserve policy meeting minutes confirmed higher rates lie ahead.
The minutes, released at 2pm in Washington, showed that nearly all Fed policymakers agreed earlier this month that “ongoing increases” in rates “would be appropriate”, which points to additional increases in the next two meetings, at least.
ASX futures were down 15 points or 0.21 per cent to 7233 near 7am AEDT, reversing earlier modest gains.
- On Wall St near 3.15pm: Dow -0.5% S&P -0.4% Nasdaq -0.1%
- In New York: BHP -3.6% Rio -3.5% Atlassian +2.8%
- Tesla +0.4% Apple -0.1% Amazon +0.8%
“There is something for everyone in the Fed minutes,” said Chris Zaccarelli, chief investment officer for Independent Advisor Alliance.
Source: AFR
- Leo Lithium boss Simon Hay says lithium customers including its Chinese JV partner are bullish on the long term outlook for the battery metal
- Their US$255 million Goulamina mine in Mali, due for first concentrate in mid-2024, remains on time and budget
- Leo plans to ship DSO to generate early funding and establish mining and logistics network for first major African lithium mine
Lithium prices have been falling in China and north Asia so far in 2023, sending waves of panic through retail investors that the best days of lithium stocks may have been behind them.
But those close to the action say the booming electric vehicle market, propelled by government support and auto manufacturers’ decisions to invest in the generational shift from internal combustion engine cars, is a long term play.
Simon Hay took the helm of Galaxy Resources, owner of the Mt Cattlin mine, in 2019 when the lithium industry was on its knees.
In just two years he steered the firm into a mega merger with Orocobre to create the $7.5 billion ASX giant Allkem (ASX:AKE).
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: $0.31 -1.59%
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: $0.013 +18.18%
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 -4.17%
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 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: $0.075 +1.35%
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: $0.60 +7.14%
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: $0.018 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: $0.046 Unchanged
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: $0.019 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: $0.035 Unchanged
Company: Paradigm Biopharma (ASX:PAR)
Sector: Biopharma
Deal Type: IPO Cornerstone
Raise Amount: $1M+
Latest Entry Price: $0.35
Today’s Price Change: $1.42 -2.73%
Company: Beam Communications (ASX:BCC)
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: $0.20 -7.14%
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: $0.058 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: $0.050 -5.66%
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: $0.007 Unchanged
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: $0.049 +2.08%
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: $0.16
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: $0.011 +22.22%
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: $0.026 Unchanged
If you would like more information on future Peak deals, please don’t hesitate to get in touch.
Peak on 1300 304 460
