In Case You Missed It: A cap raise and renewed gold exploration licence seal the deal today

Estimated read time 3 min read

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 JAV Javelin Minerals Ltd 0.003 50% $2,176,340 KPO Kalina Power Limited 0.004 33% $6,630,384 TKL Traka Resources 0.004 33% $2,625,988 GUE Global Uranium 0.11 21% $19,140,577 RHY Rhythm Biosciences 0.18 20% $33,171,388 AUE Aurumresources 0.285 14% $9,125,000 GT1 Greentechnology 0.27 13% $66,665,860 POL Polymetals Resources 0.315 13% $42,607,102 OSL Oncosil Medical 0.009 13% $15,796,329 RR1 Reach Resources Ltd 0.0045 13% $12,841,188 AVL Aust Vanadium Ltd 0.02 11% $89,434,922 APX Appen Limited 0.67 11% $108,850,307 BDM Burgundy D Mines Ltd 0.1825 11% $234,498,863 DME Dome Gold Mines Ltd 0.16 10% $51,482,061 ZIP ZIP Co Ltd.. 0.59 10% $493,062,154 SGC Sacgasco Ltd 0.011 10% $7,770,553 LNK Link Admin Hldg 1.73 10% $813,310,283 ABC Adbri Limited 2.295 10% $1,365,458,745 VLS Vita Life Sciences.. 1.75 9% $86,200,219 VKA Viking Mines Ltd 0.013 8% $12,303,101

WordPress Tables Plugin

 

Rare earths and gold-copper explorer Traka Resources (ASX:TKL) has announced an entitlement issue to raise up to $1.75m at 0.2 cents per share which chairman Joshua Pitt said would fund the company’s rejuvenation plans as it seeks out new critical minerals and battery projects after running major exploration programs for over 20 years without finding an economic discovery.

Global Uranium and Enrichment (ASX:GUE) has secured renewal of its exploration licence for the Enmore gold project in NSW for a further six years.

Pancreatic cancer medical device company OncoSil Medical (ASX:OSL) has received a $1.1m R&D tax refund from the Aussie Government.

Australian Vanadium (ASX:AVL) has completed construction of its vanadium electrolyte manufacturing facility in WA which has potential to produce up to 33MWh of high purity electrolyte per year.

And superannuation funds administrator Link Administration Holdings (ASX:LNK) has entered into a memorandum of understanding (MOU) with longstanding client AustralianSuper to negotiate an extension to Link Group and AustralianSuper’s partnership until at least 2028. 

 

More Top Small Cap Stories: Friday

 

Assays from Taiton Resources (ASX:T88) first drilling program at its Highway project in South Australia have confirmed broad-spaced mineralisation at the Merino prospect up to 1,330ppm molybdenum over 1m.

ADX Energy (ASX:ADX) has kicked off construction of its prospective 134 MMBOE Welchau-1 gas well in Austria in preparation for drilling.

DY6 Metals (ASX:DY6) has submitted four exclusive prospecting licence applications totalling 746.7km2 in northern Malawi, Africa, for tenements it considers to be highly prospective for lithium.

RareX (ASX:REE) has divested its 35% interest in the Trundle, Fairholme, Jemalong, Cundumbul and Condobolin exploration licences in NSW to its JV partner Kincora Copper, gaining a board seat and retaining exposure to the assets.

South Harz Potash (ASX:SHP) is raising A$1.25 million at A$0.023 per share to finalise delivery of its Ohmgebirge potash project pre-feasibility study (PFS).

Future Metals (ASX:FME) is undertaking a 1 for 4 non-renounceable entitlement issue to raise around A$3,316,648 at A$0.03 per new share to progress the PFS on its Panton project in WA and explore its newly acquired Eileen Bore copper-nickel-PGM project.

And Venture Minerals (ASX:VMS) is raising $2m through a single tranche placement at $0.0075 per share to fund to a maiden resource at the Jupiter REE discovery in WA.

 

At Stockhead we tell it like it is. While Taiton Resources, DY6 Metals, ADX Energy, South Harz Potash, RareX, Future Metals and Venture Minerals are Stockhead advertisers, they did not sponsor this article.

 

 

 

The post In Case You Missed It: A cap raise and renewed gold exploration licence seal the deal today appeared first on Stockhead.

You May Also Like

+ There are no comments

Add yours