High Voltage: Lithium hunters have outpaced goldies for funding amid M&A excitement

Aussie hunters of lithium pulled in more cash than goldies from capital raising last quarter, according to BDO
Meanwhile, lithium commodity prices… any better? Yeah, not really
ASX gainers in the sector over the past week led by: MTM Critical Metals and Sultan Resources

Our High Voltage column wraps the news driving ASX stocks with exposure to lithium, graphite, cobalt, nickel, rare earths, manganese, magnesium, and vanadium

There’s been some movement at the battery metals station. Because the word has passed around. Two of them, actually – Joint and Ventures.

And right in the thick of them is Chilean lithium giant Sociedad Química y Minera, more easily known as SQM.

Gina Rinehart (Hancock Prospecting) is in there, too, as is hot stock Azure Minerals (up more than 1,500% YTD thanks very much), not to mention Novo Resources in a separate SQM-based JV of its own.

Gina & $SQM – WA’s new #lithium “power couple”? Sorry Chris – it looks like a new hashtag is in order to replace #ChrisGina $MIN. https://t.co/bVRJXDlvJx

— Joe Lowry (@globallithium) December 19, 2023

The SQM JVs have been creating a bit of a spark of interest in the sector this week – certainly locally.

We’ve covered off the details elsewhere in Stockhead, although in brief:

• SQM and Hancock Prospecting have teamed up to buy Azure Minerals (ASX:AZS) at A$3.70 per share, which values the company around A$1.70 billion.

• And Pilbara gold explorer Novo Resources (ASX:NVO) has also inked a JV with SQM, which will shell out A$10 million for a 75% interest in five of Novo’s prospective lithium – nickel tenements. That’s ground that is “adjacent to or in the vicinity” of the Andover project owned by Azure.

• Also, late yesterday there was this, as Stockhead ressie expert Josh Chiat reports: “After months of agitations, including high-profile complaints from large institutional investors, the backing of proxies has secured support from Australian shareholders for Allkem’s (ASX:AKE) mega lithium merger with America’s Livent.”

JV and M&A activity in the Aussie lithium scene has, in fact, been sparking interest for months, and some sort of cold, hard proof of that is to be found in the funding pudding for various lithium stocks last quarter. We’ll get to that in one sec, but first a quick check in on some prices/performances…

Lithium has, at last, lifted off the bottom of the weekly metals performance table put together by Miner Deck. (Sorry, cobalt…)

That said, things still look pretty dire according to the Lithium Price Bot…

2023-12-19#Lithium Carbonate 99.5% Min China Spot

Price: $14,290.20
1 day: $140.10 (-0.97%)
YTD: -80.61%#Spodumene Concentrate (6%, CIF China)

Price: $1,440.00
1 day: -15 (-1.03%)
YTD: -75.28%

Sponsored by @SiennaResources $SIE $SNNAF https://t.co/W6ENd1PxEb

— Lithium Price Bot (@LithiumPriceBot) December 19, 2023

BDO flags encouraging signs for lithium stocks

So then, despite the Li commodity prices residing on Struggle Street in 2023, money has been funnelling into lithium hunters recently.

According to the latest quarterly Explorers Report from global audit and accounting organisation BDO, Aussie lithium-focused stocks secured a total of $430 million in capital in the last quarter, which incidentally supplants goldies, which in turn led the way for four consecutive quarters prior to the quarter ending September 2023.

And okay, we know it’s practically Christmas already, and it seems BDO has taken its sweet time to deliver this September quarter report, but the stats are still interesting and relevant as they pertain to a bearish period in the market – certainly with regards to battery metal commodity pricing amid oversupply of lithium and lower global EV demand.

The BDO analysts confirmed, too, that financing in the quarter was generally healthy compared with historical levels. For example, net financing cash flows were 60% higher in the September 2023 quarter compared to the March 2023 quarter.

Some key takeaways:

• In the September 2023 quarter, lithium surpassed gold to become the leading commodity in BDO’s “Fund Finders” analysis, marking the first time since the June 2022 quarter.

• In the quarter, 43 companies raised capital in excess of $10 million.

• These were dominated by lithium and gold, with more than half relating to battery metals. Equity remained the predominant source of investment, constituting 68% of total funds raised, while debt and other funds represented 24% and 8%, respectively.

• Other battery metals including nickel, cobalt and rare earths, also posted notable increases from the June 2023 quarter.

• Liontown Resources (ASX:LTR), Core Lithium (ASX:CXO) and Azure Minerals (ASX:AZS) – all lithium stocks – were the three biggest ressie explorer recipients of capital inflow in the quarter.

Source: BDO’s Explorer Quarterly Cash Update – September 2023

BDO also noted in its report that “an appetite exists for capital allocation to critical minerals explorers, with investors drawing optimism from the need for a clean energy transition, which will continue for many years,” adding:

“It is noteworthy that companies with advanced-stage lithium assets managed to secure funding, ensuring progress toward production. This is particularly encouraging given the prevailing macroeconomic conditions such as the declining lithium price over the past year.”

This, says BDO, shows that lithium explorers continue to be a destination for capital as investors are taking a long-term view of future demand in the sector.

“Conversely,” added the analysts, “we observed battery metals explorers with high-quality early-stage assets continuing to raise funds, aiming to bolster their resources and reserves amidst the heightened M&A activity and strategic investment in the battery metal sector.”

Source: BDO’s Explorer Quarterly Cash Update – September 2023

ASX battery metals form guide:

Scroll or swipe to reveal table. Click headings to sort. Best viewed on a laptop. (Note: figures accurate per ASX at 4pm Dec 19.)

Stocks missing from this list? Email [email protected]

Code Company Price % Week % Month % Year Market Cap PVW PVW Res Ltd 0.05 -6% -9% -52% $5,374,453 A8G Australasian Metals 0.14 -13% -24% -38% $7,818,074 INF Infinity Lithium 0.096 -4% -17% -34% $46,259,209 LPI Lithium Pwr Int Ltd 0.55 2% 3% 22% $347,476,554 PSC Prospect Res Ltd 0.083 -2% -16% -31% $38,456,553 PAM Pan Asia Metals 0.13 4% -16% -69% $21,712,786 CXO Core Lithium 0.315 26% -17% -70% $694,504,052 LOT Lotus Resources Ltd 0.295 5% 0% 64% $508,736,615 AGY Argosy Minerals Ltd 0.135 -4% -10% -77% $175,550,937 AZS Azure Minerals 3.69 3% -9% 1577% $1,665,006,857 NWC New World Resources 0.037 3% 6% 16% $81,665,714 QXR Qx Resources Limited 0.023 0% -18% -50% $24,326,013 GSR Greenstone Resources 0.007 0% 40% -75% $8,892,738 CAE Cannindah Resources 0.09 -10% 0% -65% $52,605,276 AZL Arizona Lithium Ltd 0.041 3% -15% -34% $150,503,148 RIL Redivium Limited 0.006 -14% -25% -68% $16,385,129 COB Cobalt Blue Ltd 0.23 -8% -21% -59% $88,214,791 ESS Essential Metals Ltd 0 -100% -100% -100% $135,278,382 LPD Lepidico Ltd 0.008 0% -11% -43% $68,744,772 MRD Mount Ridley Mines 0.002 0% 0% -56% $19,462,207 CZN Corazon Ltd 0.013 -24% -46% -41% $8,002,773 LKE Lake Resources 0.135 8% -18% -84% $184,917,812 DEV Devex Resources Ltd 0.245 -6% -2% -14% $105,885,761 INR Ioneer Ltd 0.135 -4% -18% -71% $295,597,701 AVZ AVZ Minerals Ltd 0.78 0% 0% 0% $2,752,409,203 MAN Mandrake Res Ltd 0.043 10% 13% 8% $25,861,917 RLC Reedy Lagoon Corp. 0.005 0% -17% -53% $3,083,418 GBR Greatbould Resources 0.068 3% 15% -25% $41,908,105 FRS Forrestaniaresources 0.028 0% -3% -78% $4,853,572 STK Strickland Metals 0.083 -48% -51% 108% $137,025,846 MLX Metals X Limited 0.28 2% -2% -3% $249,498,168 CLA Celsius Resource Ltd 0.0135 13% 17% -21% $31,444,723 FGR First Graphene Ltd 0.07 4% 1% -33% $42,327,160 HXG Hexagon Energy 0.011 10% 10% -31% $5,642,075 TLG Talga Group Ltd 0.81 1% -27% -49% $307,600,879 MNS Magnis Energy Tech 0.042 0% -30% -89% $50,378,922 OZL OZ Minerals 0 -100% -100% -100% $8,918,404,433 PLL Piedmont Lithium Inc 0.435 10% 4% -45% $163,598,376 EUR European Lithium Ltd 0.07 0% -13% -3% $100,385,221 BKT Black Rock Mining 0.083 -1% -21% -41% $89,980,211 QEM QEM Limited 0.19 6% 6% 6% $28,764,425 LYC Lynas Rare Earths 6.75 7% 0% -17% $6,253,105,108 ESR Estrella Res Ltd 0.005 25% -17% -69% $8,796,859 ARL Ardea Resources Ltd 0.535 1% 13% -36% $102,244,755 GLN Galan Lithium Ltd 0.545 -6% -23% -50% $194,272,254 JLL Jindalee Lithium Ltd 0.835 -9% -20% -59% $49,299,445 VUL Vulcan Energy 2.6 18% 2% -62% $440,506,900 SBR Sabre Resources 0.029 7% -37% -28% $11,224,752 CHN Chalice Mining Ltd 1.71 5% 9% -73% $676,796,149 VRC Volt Resources Ltd 0.007 17% 17% -53% $28,910,747 NMT Neometals Ltd 0.205 11% -19% -76% $118,311,160 AXN Alliance Nickel Ltd 0.0365 -27% -40% -62% $27,581,905 PNN Power Minerals Ltd 0.21 0% -19% -57% $18,348,003 IGO IGO Limited 8.88 11% 0% -36% $6,716,965,501 GED Golden Deeps 0.047 0% -15% -53% $5,082,983 ADV Ardiden Ltd 0.165 -3% -23% -52% $10,002,801 SRI Sipa Resources Ltd 0.026 -19% 24% -26% $6,616,586 NTU Northern Min Ltd 0.03 -3% 0% -21% $177,329,377 AXE Archer Materials 0.365 -3% -13% -39% $91,744,925 PGM Platina Resources 0.021 -9% -28% 11% $12,463,607 AAJ Aruma Resources Ltd 0.027 -10% -27% -60% $4,922,288 IXR Ionic Rare Earths 0.021 0% -22% -43% $84,360,194 NIC Nickel Industries 0.68 -2% -13% -28% $2,914,350,718 EVG Evion Group NL 0.031 -3% -9% -61% $10,724,735 CWX Carawine Resources 0.125 4% 19% 35% $28,335,054 PLS Pilbara Min Ltd 3.85 7% 8% -6% $11,947,587,742 HAS Hastings Tech Met 0.67 1% -20% -82% $86,675,657 BUX Buxton Resources Ltd 0.155 -21% -23% 61% $26,853,268 ARR American Rare Earths 0.155 3% 3% -21% $64,731,378 SGQ St George Min Ltd 0.033 3% -13% -52% $32,476,246 TKL Traka Resources 0.004 0% 0% -56% $2,625,988 PAN Panoramic Resources 0.035 0% 0% -80% $103,937,992 PRL Province Resources 0.041 0% 0% -32% $48,441,219 IPT Impact Minerals 0.01 0% -9% 43% $25,782,335 LIT Lithium Australia 0.03 7% -9% -33% $36,665,750 AKE Allkem Limited 10.59 14% 22% -14% $6,808,771,770 ARN Aldoro Resources 0.083 0% -2% -62% $11,173,771 JRV Jervois Global Ltd 0.039 -11% 11% -85% $102,695,786 MCR Mincor Resources NL 0 -100% -100% -100% $751,215,521 SYR Syrah Resources 0.695 5% -5% -70% $456,230,968 FBM Future Battery 0.069 -4% -4% 33% $36,295,407 ADD Adavale Resource Ltd 0.008 0% -11% -60% $5,972,709 LTR Liontown Resources 1.63 22% 10% 7% $3,548,207,666 CTM Centaurus Metals Ltd 0.46 -3% -10% -57% $232,583,088 VML Vital Metals Limited 0.005 -50% -50% -78% $41,265,469 BSX Blackstone Ltd 0.068 1% -25% -49% $35,090,606 POS Poseidon Nick Ltd 0.009 -44% -50% -75% $37,123,205 CHR Charger Metals 0.175 -20% -54% -64% $13,088,586 AVL Aust Vanadium Ltd 0.02 -9% -17% -20% $99,372,136 AUZ Australian Mines Ltd 0.009 -18% -40% -85% $8,505,444 TMT Technology Metals 0.23 7% -2% -31% $57,214,346 RXL Rox Resources 0.18 -5% -12% 9% $66,483,767 RNU Renascor Res Ltd 0.115 -8% -26% -51% $317,425,937 GL1 Globallith 1.24 -1% -2% -35% $326,632,950 BRB Breaker Res NL 0 -100% -100% -100% $158,126,031 ASN Anson Resources Ltd 0.14 0% -15% -28% $173,574,788 SYA Sayona Mining Ltd 0.065 14% -18% -69% $669,064,241 FFX Firefinch Ltd 0.2 0% 0% 0% $236,569,315 EGR Ecograf Limited 0.145 -6% -31% -36% $68,104,773 ATM Aneka Tambang 1.18 0% 0% 31% $1,538,306 TVN Tivan Limited 0.063 -13% -11% -18% $108,479,568 ALY Alchemy Resource Ltd 0.011 22% 10% -50% $10,602,686 GAL Galileo Mining Ltd 0.25 -11% -11% -70% $48,418,107 BHP BHP Group Limited 49.62 4% 6% 9% ############# LEL Lithenergy 0.585 4% 4% -24% $57,685,600 MMC Mitremining 0.245 -2% 2% -9% $13,605,030 RMX Red Mount Min Ltd 0.003 0% -14% -40% $8,020,728 GW1 Greenwing Resources 0.096 -4% -36% -64% $16,553,891 AQD Ausquest Limited 0.011 0% -8% -39% $9,076,641 LML Lincoln Minerals 0.006 0% -14% -12% $10,224,272 1MC Morella Corporation 0.005 0% -17% -67% $30,893,997 REE Rarex Limited 0.028 4% -7% -51% $17,768,051 MRC Mineral Commodities 0.031 7% -6% -47% $30,518,651 PUR Pursuit Minerals 0.008 7% -20% -50% $23,551,771 QPM Queensland Pacific 0.051 0% -12% -56% $104,652,096 EMH European Metals Hldg 0.51 -6% -15% -26% $63,168,886 BMM Balkanminingandmin 0.115 -12% -36% -66% $8,169,659 PEK Peak Rare Earths Ltd 0.31 -3% -19% -26% $86,008,476 LEG Legend Mining 0.015 -17% -29% -56% $40,662,681 MOH Moho Resources 0.009 0% 0% -59% $4,823,470 AML Aeon Metals Ltd. 0.009 -18% 0% -69% $12,060,407 G88 Golden Mile Res Ltd 0.017 -19% -23% -20% $5,929,011 WKT Walkabout Resources 0.13 -5% -10% 24% $87,263,989 TON Triton Min Ltd 0.021 -5% -16% -42% $35,911,271 AR3 Austrare 0.145 4% -26% -62% $22,354,064 ARU Arafura Rare Earths 0.155 -24% -18% -70% $327,571,527 MIN Mineral Resources. 67.94 10% 7% -16% $13,159,468,976 VMC Venus Metals Cor Ltd 0.105 5% 5% 39% $21,818,799 S2R S2 Resources 0.18 -12% 3% 6% $75,976,082 CNJ Conico Ltd 0.005 0% 25% -38% $7,850,475 VR8 Vanadium Resources 0.047 2% 12% -16% $24,092,909 PVT Pivotal Metals Ltd 0.02 25% -5% -56% $11,560,948 BOA Boadicea Resources 0.034 -6% -17% -70% $4,185,070 IPX Iperionx Limited 1.3 2% -13% 84% $290,896,390 SLZ Sultan Resources Ltd 0.024 71% 50% -69% $3,556,561 NKL Nickelxltd 0.042 -28% -28% -44% $3,600,422 NVA Nova Minerals Ltd 0.375 17% 56% -40% $82,247,085 MLS Metals Australia 0.034 -3% -11% -29% $21,217,230 MQR Marquee Resource Ltd 0.025 -14% -26% -31% $11,161,378 MRR Minrex Resources Ltd 0.017 0% -32% -45% $18,442,748 EVR Ev Resources Ltd 0.009 0% -25% -44% $10,995,883 EFE Eastern Resources 0.009 0% -10% -68% $11,177,518 CNB Carnaby Resource Ltd 0.805 1% 24% -2% $127,834,375 BNR Bulletin Res Ltd 0.115 0% -32% 20% $35,233,599 AX8 Accelerate Resources 0.04 11% -25% 38% $23,902,274 AM7 Arcadia Minerals 0.071 -4% -21% -68% $8,505,908 AS2 Askarimetalslimited 0.175 9% -8% -45% $13,536,287 BYH Bryah Resources Ltd 0.012 -8% -40% -55% $5,420,091 DTM Dart Mining NL 0.0165 3% -13% -72% $3,641,274 EMS Eastern Metals 0.033 22% -18% -58% $2,720,066 FG1 Flynngold 0.051 -19% -29% -54% $7,577,661 GSM Golden State Mining 0.015 -6% -38% -67% $3,821,764 IMI Infinitymining 0.16 14% 23% -44% $12,846,853 LRV Larvottoresources 0.074 0% -30% -52% $4,775,085 LSR Lodestar Minerals 0.003 -33% -25% -45% $8,093,589 RAG Ragnar Metals Ltd 0.022 0% -4% 44% $10,901,562 CTN Catalina Resources 0.004 0% 0% -56% $6,192,434 TMB Tambourahmetals 0.12 -14% 0% -4% $9,952,842 TEM Tempest Minerals 0.008 0% -11% -67% $4,091,068 EMC Everest Metals Corp 0.079 -16% -19% -7% $13,225,932 WML Woomera Mining Ltd 0.028 -10% 0% 40% $32,229,753 KZR Kalamazoo Resources 0.1 -9% -13% -56% $16,622,839 LMG Latrobe Magnesium 0.056 -3% -10% -22% $102,270,504 KOR Korab Resources 0.018 6% 13% -31% $6,606,900 CMX Chemxmaterials 0.06 -10% -19% -68% $3,513,349 NC1 Nicoresourceslimited 0.315 -9% -3% -55% $33,015,178 GRE Greentechmetals 0.44 -12% -35% 167% $29,933,733 CMO Cosmometalslimited 0.06 -3% 22% -54% $2,081,800 FRB Firebird Metals 0.155 11% -11% -9% $19,482,596 S32 South32 Limited 3.25 5% 3% -21% $14,720,090,346 OMH OM Holdings Limited 0.45 0% -6% -38% $344,815,560 JMS Jupiter Mines. 0.175 6% -3% -17% $333,028,476 E25 Element 25 Ltd 0.415 -14% -6% -62% $93,538,044 EMN Euromanganese 0.098 -7% -2% -70% $24,407,294 KGD Kula Gold Limited 0.016 -27% -45% -43% $6,709,852 LRS Latin Resources Ltd 0.235 9% 9% 124% $656,544,457 CRR Critical Resources 0.02 -9% -31% -56% $37,334,856 ENT Enterprise Metals 0.004 0% 0% -56% $3,207,884 SCN Scorpion Minerals 0.035 -19% -31% -51% $15,149,879 GCM Green Critical Min 0.01 -9% 25% -50% $11,365,850 ENV Enova Mining Limited 0.01 11% 25% -17% $6,409,293 RBX Resource B 0.079 -1% -21% -12% $6,532,074 AKN Auking Mining Ltd 0.043 5% -12% -54% $9,905,209 RR1 Reach Resources Ltd 0.004 0% -33% -20% $12,841,188 EMT Emetals Limited 0.007 0% 0% -30% $5,950,000 PNT Panthermetalsltd 0.06 0% -14% -68% $5,101,500 WIN Widgienickellimited 0.105 28% -34% -70% $32,773,956 WMG Western Mines 0.3 7% 18% 122% $18,918,633 AVW Avira Resources Ltd 0.0015 -25% 0% -50% $2,133,790 CAI Calidus Resources 0.175 -3% -3% -34% $106,791,476 GT1 Greentechnology 0.25 -9% -38% -68% $85,658,066 KAI Kairos Minerals Ltd 0.016 0% -6% -20% $36,692,771 MTM MTM Critical Metals 0.044 83% 63% -45% $2,088,179 NWM Norwest Minerals 0.027 -7% -13% -46% $7,764,377 PGD Peregrine Gold 0.215 -12% -23% -62% $13,984,112 RAS Ragusa Minerals Ltd 0.037 -8% -31% -68% $4,990,958 RGL Riversgold 0.012 -14% 4% -59% $11,415,137 SRZ Stellar Resources 0.0075 -6% -17% -42% $8,043,185 STM Sunstone Metals Ltd 0.015 7% -6% -63% $45,340,553 ZNC Zenith Minerals Ltd 0.15 11% -9% -43% $52,857,132 WC8 Wildcat Resources 0.765 6% -6% 2842% $896,177,220 ASO Aston Minerals Ltd 0.027 -4% -21% -69% $33,671,671 THR Thor Energy PLC 0.028 0% 0% -60% $5,767,126 YAR Yari Minerals Ltd 0.009 -10% -44% -50% $4,823,578 IG6 Internationalgraphit 0.16 -9% -16% -32% $14,238,097 LPM Lithium Plus 0.34 -20% -30% -15% $32,675,516 ODE Odessa Minerals Ltd 0.008 0% -11% -43% $7,103,339 KOB Kobaresourceslimited 0.083 1% 4% -45% $8,749,583 AZI Altamin Limited 0.05 -4% -12% -43% $19,585,838 FTL Firetail Resources 0.077 -14% -22% -47% $11,912,444 LNR Lanthanein Resources 0.01 -9% 25% -60% $12,898,119 CLZ Classic Min Ltd 0.001 0% 0% -89% $12,357,082 NVX Novonix Limited 0.665 2% -10% -63% $325,007,752 OCN Oceanalithiumlimited 0.115 -12% -30% -71% $6,103,798 SUM Summitminerals 0.11 5% -8% -27% $5,242,284 DVP Develop Global Ltd 2.9 -2% 1% 2% $701,157,437 XTC XTC Lithium Limited 0.2 0% 0% -72% $17,528,272 OD6 Od6Metalsltd 0.1475 -8% -22% -56% $9,352,634 HRE Heavy Rare Earths 0.065 -8% -28% -48% $3,629,276 LIN Lindian Resources 0.155 -9% -3% 7% $167,028,724 PEK Peak Rare Earths Ltd 0.31 -3% -19% -26% $86,008,476 ILU Iluka Resources 6.74 -1% -9% -31% $2,884,238,685 ASM Ausstratmaterials 1.21 -7% -26% -19% $213,493,737 ETM Energy Transition 0.041 3% 17% -25% $58,802,512 VMS Venture Minerals 0.008 -20% -27% -65% $15,600,104 IDA Indiana Resources 0.065 8% 16% 27% $38,759,935 VTM Victory Metals Ltd 0.215 -2% -16% 10% $17,907,924 M2R Miramar 0.024 -14% 0% -69% $3,870,608 WCN White Cliff Min Ltd 0.01 -9% -17% -29% $12,765,593 TAR Taruga Minerals 0.011 0% 10% -54% $7,766,295 ABX ABX Group Limited 0.072 4% 3% -42% $17,933,220 MEK Meeka Metals Limited 0.039 -7% 8% -44% $48,153,648 RR1 Reach Resources Ltd 0.004 0% -33% -20% $12,841,188 DRE Dreadnought Resources Ltd 0.032 0% -3% -65% $107,165,304 KFM Kingfisher Mining 0.15 7% -12% -63% $8,057,250 AOA Ausmon Resorces 0.003 0% 0% -57% $3,020,998 WC1 Westcobarmetals 0.069 -7% 12% -64% $8,939,224 GRL Godolphin Resources 0.039 3% 11% -55% $6,431,197 DM1 Desert Metals 0.061 22% 53% -72% $4,577,506 PTR Petratherm Ltd 0.032 -18% -27% -37% $7,192,036 ITM Itech Minerals Ltd 0.12 -8% -31% -53% $14,662,027 KTA Krakatoa Resources 0.0415 -1% -3% -17% $19,356,396 M24 Mamba Exploration 0.045 29% 45% -67% $2,683,267 LNR Lanthanein Resources 0.01 -9% 25% -60% $12,898,119 TKM Trek Metals Ltd 0.043 -7% -14% -43% $20,886,051 BCA Black Canyon Limited 0.125 9% -7% -48% $8,517,683 CDT Castle Minerals 0.008 -11% -24% -64% $9,795,944 DLI Delta Lithium 0.46 2% -5% 9% $326,565,737 A11 Atlantic Lithium 0.44 -15% -17% -27% $272,447,539 KNI Kunikolimited 0.25 -2% -4% -49% $21,476,567 CY5 Cygnus Metals Ltd 0.125 -4% -22% -68% $34,987,097 WR1 Winsome Resources 1.08 3% -9% 8% $196,985,154 LLI Loyal Lithium Ltd 0.3 -5% -31% -2% $22,797,913 BC8 Black Cat Syndicate 0.26 4% -7% -17% $83,535,469 BUR Burleyminerals 0.15 -3% -14% -30% $16,207,481 PBL Parabellumresources 0.058 -83% -83% -86% $4,111,800 L1M Lightning Minerals 0.145 0% -3% -15% $6,122,634 WA1 Wa1Resourcesltd 8.79 10% -5% 609% $358,908,468 EV1 Evolutionenergy 0.13 -7% 0% -47% $29,540,907 1AE Auroraenergymetals 0.09 17% 10% -49% $11,940,520 RVT Richmond Vanadium 0.27 -11% -25% -4% $23,276,108 PMT Patriotbatterymetals 1.14 10% 11% 34% $535,218,899 PAT Patriot Lithium 0.195 3% -5% -33% $13,703,426 BM8 Battery Age Minerals 0.19 0% -14% -62% $16,044,640 OM1 Omnia Metals Group 0.078 0% 0% -51% $3,786,192 VHM Vhmlimited 0.71 4% 22% 0% $107,741,288 LLL Leolithiumlimited 0.505 0% 0% 6% $498,553,663 SRN Surefire Rescs NL 0.0095 -5% -14% -21% $17,668,420 SRL Sunrise 0.42 -26% -38% -79% $39,700,099 SYR Syrah Resources 0.695 5% -5% -70% $456,230,968 EG1 Evergreenlithium 0.185 3% -5% 0% $10,402,550 WSR Westar Resources 0.02 -20% 0% -62% $3,521,793 LU7 Lithium Universe Ltd 0.035 17% -17% -13% $13,598,266 MEI Meteoric Resources 0.23 10% -2% 642% $433,602,706 REC Rechargemetals 0.095 -5% -27% -24% $11,023,845 SLM Solismineralsltd 0.14 4% -30% 73% $11,382,022 DYM Dynamicmetalslimited 0.14 -7% -24% 0% $4,900,000 TOR Torque Met 0.205 -7% 21% 11% $26,941,937 ICL Iceni Gold 0.054 -6% -7% -45% $12,952,286 TMX Terrain Minerals 0.004 -20% -11% -43% $5,413,711 MHC Manhattan Corp Ltd 0.004 0% 0% -33% $11,747,919 MHK Metalhawk. 0.125 0% -46% -26% $12,426,806 ANX Anax Metals Ltd 0.032 28% 14% -42% $13,465,694 FIN FIN Resources Ltd 0.019 6% -39% 0% $11,686,837 LM1 Leeuwin Metals Ltd 0.16 -11% -27% 0% $6,212,110 HAW Hawthorn Resources 0.099 10% 6% -10% $33,166,546 LCY Legacy Iron Ore 0.016 0% -6% -14% $102,509,219 RON Roninresourcesltd 0.19 -16% -10% 3% $6,497,638 ASR Asra Minerals Ltd 0.008 14% -33% -54% $13,031,966 PFE Panteraminerals 0.058 14% -13% -54% $5,888,990

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What’s been surging?

(Circa 4pm-ish on December 19)

MTM Critical Metals (ASX:MTM): 83%

Sultan Resources (ASX:SLZ): 71%

Mamba Exploration (ASX:M24): 29%

Widgie Nickel (ASX:WIN): 28%

Anax Metals (ASX:ANX): 28%

Plugged in elsewhere

Calling the #lithium market low (or high for that matter) is a fool’s errand. More important is the fact that the price everyone is obsessing about isn’t the price that represents what goes into EV batteries. The China futures market price is more about “homeless” offspec Li pic.twitter.com/kwnw7f1DG7

— Joe Lowry (@globallithium) December 14, 2023

Visualizing the World’s Largest Lithium Producers https://t.co/OlDGSEtqnx pic.twitter.com/DGuMMSy6rA

— Elements (@VCElements) December 14, 2023

#ASX #Lithium short interest has garnered a lot of attention, but what about the potential for short-squeeze in US-listed plays?$ALB $LTHM $PLL $LAC pic.twitter.com/LFwVXugukN

— Howard Klein (@LithiumIonBull) December 15, 2023

The post High Voltage: Lithium hunters have outpaced goldies for funding amid M&A excitement appeared first on Stockhead.