In Case You Missed It: A lithium project acquisition and a West African gold and lithium hunt

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, that made announcements today.

ICYMI Leader Board

Code Company Price % Today Market Cap LNR Lanthanein Resources 0.0125 108% $6,729,453 DM1 Desert Metals 0.051 31% $2,926,602 RVS Revasum 0.165 22% $14,346,073 WZR Wisr Ltd 0.024 17% $27,974,599 PNV Polynovo Limited 1.515 13% $928,363,050 AUR Auris Minerals Ltd 0.009 13% $3,813,008 CHN Chalice Mining Ltd 1.66 12% $577,610,506 LRS Latin Resources Ltd 0.19 12% $471,326,054 WBE Whitebark Energy 0.02 11% $2,656,687 SPT Splitit 0.065 10% $32,649,658 ADG Adelong Gold Limited 0.0055 10% $2,981,611 AIS Aeris Resources Ltd 0.115 10% $94,264,454 IBX Imagion Biosys Ltd 0.355 9% $10,610,129 RIM Rimfire Pacific 0.012 9% $23,157,692 WMG Western Mines 0.36 9% $22,046,160 ODY Odyssey Gold Ltd 0.027 8% $19,138,445 PRM Prominence Energy 0.014 8% $2,000,393 ATA Atturralimited 0.865 7% $188,594,417 CPO Culpeominerals 0.029 7% $3,147,184 X2M X2M Connect Limited 0.044 7% $7,486,331

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Lanthanein Resources (ASX:LNR) is acquiring a 70% interest in the Lady Grey lithium-tantalum project, which is just 400m west of the massive Earl Grey lithium mine at Mount Holland, WA.

Desert Metals (ASX:DM1) raises $3.75m to fund its West African gold and lithium hunt at the Tengrela South gold project; Adzope gold project; Agboville lithium project; the Vavoua and Vavoua West gold projects; and the Kounahiri and Kounahiri West gold projects.

Wisr (ASX:WZR) has announced the pricing of its fourth ABS transaction, the $200m Wisr Freedom Trust 2023-1, which is expected to further diversify the company’s funding platform, decrease cost of funds and create $200m of additional capacity in the Wisr Warehouse.

Medical device company PolyNovo (ASX:PNV) has announced record monthly sales of $A8.8m (unaudited) for November 2023.

And Chalice Gold Mines (ASX:CHN) says the WA government has approved the Stage 3 Conservation Management Plan (CMP) and Program of Work (PoW) for exploration drilling at its Julimar nickel-copper-PGE project in WA.

More Top Small Cap Stories: Wednesday

St George Mining (ASX:SGQ) has hit up to 5,125ppm Total Rare Earth Oxide (TREO) hosted in a near-surface clay zone during maiden drilling at its Destiny project in WA.

Power Minerals (ASX:PNN) has sent samples from the Salta lithium brine project in Argentina for qualification testing by potential offtake partner Xiamen Xiangyu – with a view to executing binding agreements for development and offtake for the Rincon salar.

Australian Mines (ASX:AUZ) is acquiring the Jequie rare earth-niobium project and the Resende lithium project in Brazil, supported by a $2.5m oversubscribed equity raise to expedite exploration.

Strategic Energy Resources (ASX:SER) and Fortescue (ASX:FMG) subsidiary and JV partner FMG Resources have completed 3,000m of drilling at the Canobie project in their quest to find the next major IOCG discovery in QLD.

PharmAust (ASX:PAA) is beefing up its management team with the appointment of Dr Carol Worth as CMC (Chemistry, Manufacturing & Controls) operations manager and John Clark as clinical operations manager.

Field mapping at Uvre (ASX:UVA) East Canyon project in Utah, USA has confirmed 30+ occurrences of uranium at surface.

Positive initial exploration results have enticed Alvo Minerals (ASX:ALV) to exercise its option to purchase the Bluebush REE project in Brazil.

Galan Lithium (ASX:GLN) remains on track to start Phase 1 lithium chloride production from its Hombre Muerto West project in Argentina in 1H 2025, with construction of the first evaporation pond progressing to schedule.

Latin Resources (ASX:LRS) has reported a whopping 56% increase in the global resource at its Salinas lithium project in Brazil to 70.3Mt at 1.27% Li2O.

Riedel Resources (ASX:RIE) says the inferred resource for its Tintic deposit within the Kingman project in Arizona, USA, is 494,000 tonnes at 4g/t gold for 64,000oz gold and 43.4g/t silver for 689,000oz silver.

Alicanto Minerals (ASX:AQI) has made a strong start to the new drilling program at its Falun project in Sweden, with an off-hole conductor identified at the Skyttgruvan target.

Riversgold (ASX:RGL) has increased its tenement position around the major Andover lithium discovery of Azure Minerals (ASX:AZS) , with the addition of the new 189km2 Andover South tenement (ELA 46/5072).

Cyclone Metals (ASX:CLE) executive chairman and second largest shareholder Tony Sage has upped his stake in the company, picking up 146,666,640 shares at $0.001 a pop (to the tune of around $146,666) to bring his total to 730,042,498 shares.

At Stockhead we tell it like it is. While St George Mining, Power Minerals, Australian Mines, Strategic Energy Resources, PharmAust, Lanthanein Resources, Uvre, Alvo Minerals, Galan Lithium, Latin Resources, Riedel Resources, Alicanto Minerals, Riversgold, Cylcone Metals and Wisr are Stockhead advertisers, they did not sponsor this article.

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