In Case You Missed It: Bulk pearl sales and an expanding South Australian uranium footprint

Stockhead’s In-Case-You-Missed-It highlights today’s most interesting small cap stories that might have slipped beneath your radar.
Below is a wrap of the top 20 performing stocks, by percentage, who made announcements today.

ICYMI Leader Board

Code Company Price % Today Market Cap ATP Atlas Pearls Ltd 0.13 48% $37,652,715 ADD Adavale Resource Ltd 0.011 38% $5,842,954 KPO Kalina Power Limited 0.005 25% $6,060,783 RWD Reward Minerals Ltd 0.095 19% $18,228,251 SRZ Stellar Resources 0.009 13% $8,785,492 PVT Pivotal Metals Ltd 0.019 12% $9,313,761 ZAG Zuleika Gold Ltd 0.019 12% $12,513,454 WSP Whispir Limited 0.545 11% $66,221,663 ADV Ardiden Ltd 0.2 11% $11,253,151 AKG Academies Aus Grp 0.3 11% $35,805,906 YOJ Yojee Limited 0.005 11% $5,877,325 MEM Memphasys Ltd 0.013 8% $11,514,245 VNL Vinyl Group Ltd 0.053 8% $25,149,965 BTR Brightstar Resources 0.015 7% $32,548,940 ABV Adv Braking Tech Ltd 0.046 7% $16,317,079 DTM Dart Mining NL 0.017 6% $3,641,274 C29 C29Metalslimited 0.094 6% $4,803,055 NVA Nova Minerals Ltd 0.295 5% $59,049,189 SRN Surefire Rescs NL 0.01 5% $17,449,154 AFG Aust Finance Grp 1.62 5% $418,338,175

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Atlas Pearls (ASX:ATP) has reported a massive increase in revenue from loose pearl sales at a recent auction in Japan, which saw the company achieve a 272% increase in average pearl price, from $37.77 to $102.69 on pcp.

Adavale Resources (ASX:ADD) has been granted a key exploration licence (EL6957) in South Australia just as uranium spot prices push past US$80/lb towards new recent highs.

Kalina Power (ASX:KPO) has closed its entitlement offer to raise up to $2m at $0.004 per share to advance its Canadian projects, after receiving applications worth $803,433.66 of gross proceeds from eligible shareholders.

Reward Minerals (ASX:RWD) has entered into a binding share sale agreement with the receivers at Kalium Lakes, to acquire the Beyondie sulphate of potash project for $20 million.

Whispir (ASX:WSP) has received a letter of intent from Zipline Cloud (Pendula) outlining its intention to submit a non-binding indicative proposal to acquire all of the share capital in Whispir (or, alternatively, to acquire Whispir’s main undertaking) at a premium to the bid price under the Soprano offer last month of $0.48 per Whispir share.

More Top Small Cap Stories: Tuesday

Phase 2 drilling has kicked off at Krakatoa Resources (ASX:KTA) King Tamba project in WA’s Mid West region after the company hit a connected pegmatite running underneath three key prospects carrying high-grade lithium at surface.

Pure Hydrogen Corporation (ASX:PH2) investee company Turquoise Group (PH2 has a 40% stake) is in the final construction phase for its turquoise hydrogen and graphene demonstration plant after receiving key equipment.

A resource upgrade could be on the cards for Victory Metals (ASX:VTM) after infill drilling at its flagship North Stanmore project in WA’s Cue region returned wide intersections and strong TREO grades of up to 4,484ppm.

Olympio Metals (ASX:OLY) says Liontown Resources (ASX:LTR) has elected to proceed with the Stage 1 farm-in over it’s Mulwarrie lithium project after completing a soil sampling program that produced several lithium anomalies and returned huge gold grades of up to 19.3g/t.

Brightstar Resources (ASX:BTR) has begun a ~5,000m Reverse Circulation (RC) drilling program at its Menzies gold project in WA after the completion of a heritage survey.

Mount Ridley Mines (ASX:MRD) drilling has outlined the potential scale of its namesake project in WA’s Fraser Range sub-basin after returning thick intersections of rare earths in previously untested areas.

Belararox (ASX:BRX) has made two key appoints to the roles of CFO and company secretary as it gears up for exploration across its portfolio of critical minerals projects.

Lord Resources (ASX:LRD) says regional scale soil sampling has found four high priority Lithium-Caesium-Tantalum (LCT) anomalies at the Jingjing project in WA.

Raiden Resources (ASX:RDN) has also wrapped up some soil sampling, finding a lithium in soil trend with a 3.5km strike in the north and a lithium in soil trend with a 2.5km strike in the south parts of its Mt Sholl project in WA.

Vertex Minerals (ASX:VTX) has found more high-grade gold targets identified south of it’s Hill End gold plant and Reward resource in NSW.

And ADX Energy (ASX:ADX) says its Anshof-2 well in the ADX-AT-II license in Upper Austria has now been drilled to a depth of 2235m with the plan now to renew the Bottom Hole Assembly (BHA) before drilling to a total depth of 2320m.

At Stockhead we tell it like it is. While Adavale Resources, Pure Hydrogen, Victory Metals, Brightstar Resources, Krakatoa Resources, Mount Ridley Mines, Belararox, Lord Resources, Raiden Resources, Vertex Minerals and ADX Energy are Stockhead advertisers, they did not sponsor this article.

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