Happy Friday!
It’s been a big week at PeakHQ and, we’re still live with a small transaction in ASX:WBE today.
Reach out if you’re interested to hear more.
Across markets
ASX futures up 13 points or 0.2% to 7065 near 7am AEDT
- AUD +0.2% to 65.59 US cents
- Bitcoin -0.00% to $US37,333 at 7.16am AEDT
- US markets closed for Thanksgiving
- Stoxx 50 +0.2% FTSE +0.2% DAX +0.2% CAC +0.2%
- Spot gold +0.1% to $US1992.25/oz at 1.58pm in New York
- Brent crude -0.7% to $US81.42 a barrel
- Iron ore -1.2% to $US133.05 a tonne
- 10-year yield: US 4.40% Australia 4.48% Germany 2.61%
Australian shares are poised to rise, tracking modest gains in Europe. US markets are closed.
Futures tied to the Dow Jones rose by 32 points or 0.09%. S&P 500 futures added 0.05%, while Nasdaq 100 futures gained 13 points or 0.08%.
Oil slipped as markets awaited next week’s OPEC + meeting, which will now be held online rather than in-person, as Angola and Nigeria pressed for higher output quotas.
Bond yields were higher across Europe as the latest PMI data showed just a modest improvement in the eurozone’s economy, fading somewhat expectations of a pivot to rate cuts at the European Central Bank. That’s in line with what policymakers have been saying.
Source: AFR
- Uranium spot price cracked US$80/lb this week, its highest level since the Fukushima incident in 2011
- Industry leaders confident a new uranium bull cycle has commenced, and there is plenty of upside still to come
- Some 160Mlb of yellowcake has been contracted this year alone despite no new uranium mines coming online in the past decade
- Australia tipped to embrace nuclear power in the near term, but there’s less optimism WA will overturn its ban on uranium mining
After more than 12 years of depressed prices and sentiment, uranium has at long last clawed its way back into favour with investors. It appears this renewed confidence in the yellowcake sector is here to stay, but the question remains – what more will it take to incentivise new supply into an industry which has developed just one greenfields project in the past decade?
With the spot price sailing through US$80/lb this week – its highest levels since early 2011 when the Fukushima incident delivered an almighty dent in global ambitions for nuclear to become a more widespread energy solution – there is growing talk we are at the start of a new uranium bull cycle.
Given the spot price has soared more than US$30/lb over the past six months alone, it is hard to argue otherwise.
It might not have been reflected in too many individual company share prices, but there was certainly a strong appetite for yellowcake among the throng of investors at this week’s RIU Resurgence conference in Perth.
Due to a lack of interest from pretty much anyone not looking for lithium or gold, conference organisers – and long-time uranium bulls – Stewart McDonald and Jaxon Crabb leaned heavily on their mates in the sector and scheduled two dedicated “uranium power” sessions on the opening day.
It only seemed fair that “Mr Uranium” himself, Deep Yellow (ASX: DYL) boss John Borshoff, would be entrusted to kick off proceedings with the usual disclaimer that he oversaw the original Paladin Energy (ASX: PDN) team which established a “formidable pipeline” of projects, including Langer-Heinrich in Namibia and Kayelekera in Malawi, developed during the last uranium bull cycle at the turn of this century.
“It all feels a bit deja vu to me about positioning a company to where it should be at the right time,” Borshoff told conference delegates. “The big difference today is we’re even better prepared.”
Deep Yellow delivered a DFS for its flagship Tumas project in Namibia earlier this year and remains confident of developing the shovel-ready Mulga Rock project in Western Australia despite the incumbent Labor State Government’s ban on uranium mining.
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: $0.007 Unchanged
Company: Terra Uranium (ASX:T92)
Sector: Uranium
Deal Type: IPO
Raise Amount: $7.5M
Latest Entry Price: $0.20
Today’s Price Change: $0.145 +3.57%
Company: Patagonia Lithium (ASX:PL3)
Sector: Lithium
Deal Type: IPO
Raise Amount: $8.6M
Latest Entry Price: $0.20
Today’s Price Change: $0.14 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 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: $0.022 Unchanged
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: $0.006 – 14.29%
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: $0.012 + 9.09%
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: $0.064 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: $0.185 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: $0.029 -3.3%
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 Unchanged
Company: Paradigm Biopharma (ASX:PAR)
Sector: Biopharma
Deal Type: IPO Cornerstone
Raise Amount: $1M+
Latest Entry Price: $0.35
Today’s Price Change: $0.39 -1.27%
Company: Sabre Resources ltd (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: $0.043 -6.25%
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: $0.015 -11.76%
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 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: $0.024 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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