In Case You Missed It: Lithium hits and a West African gold producer in the takeover crosshairs

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 TG6 Tgmetalslimited 0.34 224% $4,231,662 LRV Larvottoresources 0.16 60% $6,725,472 MTH Mithril Resources 0.0015 50% $3,368,804 TIE Tietto Minerals 0.565 33% $479,268,442 JTL Jayex Technology Ltd 0.009 29% $1,968,950 FND Findi Limited 0.625 21% $18,982,185 CRB Carbine Resources 0.006 20% $2,758,689 EEL Enrg Elements Ltd 0.006 20% $5,049,825 FL1 First Lithium Ltd 0.36 20% $21,015,500 KLI Killiresources 0.066 20% $3,276,628 MGT Magnetite Mines 0.375 19% $24,235,647 OBM Ora Banda Mining Ltd 0.16 19% $229,898,556 HMX Hammer Metals Ltd 0.045 18% $33,683,479 DVR Diverger Limited 1.23 17% $39,557,808 BCC Beam Communications 0.21 17% $15,555,946 EXL Elixinol Wellness 0.007 17% $3,788,063 M4M Macro Metals Limited 0.0035 17% $5,961,233 IVZ Invictus Energy Ltd 0.255 16% $272,836,705 AMM Armada Metals 0.03 15% $4,486,770 ILT Iltani Resources Lim 0.15 15% $5,432,388

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TG Metals (ASX:TG6) has intercepted high-grade lithium up to 2.28% Li2O at its Lake Johnston lithium-nickel-gold project in the Lake Johnston Greenstone Belt of WA.

West African gold producer Tietto Minerals (ASX:TIE) has received an off-market takeover offer from Chinese gold miner Zhaojin Capital to acquire all shares it doesn’t already own in the company for 58c/share — a 38% premium to the last close.

Digital payment and financial services provider, Findi (ASX:FND) has secured a 10-year contract with State Bank of India (SBI) that will generate revenue of up to $620 million, whereby the company will provide 4,219 ATMs in India.

Carbine Resources (ASX:CRB) has upgraded the resource at its Muchea West silica sand project to 110Mt at 99.65% SiO2.

First Lithium (ASX:FL1) First Lithium’s (ASX:FL1) drill program at the highly prospective Blakala prospect within its Gouna permit in Mali is off to a great start with one of the first two holes intersecting a thick, continuous 112.8m pegmatite.

More Top Small Cap Stories: Monday

Belararox (ASX:BRX) has commenced fieldwork at the southern end of the Toro-Malambo-Tambo (TMT) project’s Toro target – one of 11 prospective targets at the Argentinian project.

NickelSearch (ASX:NIS) as added another six areas of lithium interest at its Carlingup project to take the total lithium targets to 28.

Direct lithium extraction testing at Arizona Lithium (ASX:AZL) Lithium Research Centre (LRC) has confirmed >99% purity battery-grade material from the Prairie brine project.

Pure Hydrogen (ASX:PH2) has appointed The Honourable Adam Giles, former Chief Minister of The Northern Territory, as non-executive independent chairman.

Burley Minerals (ASX:BUR) maiden diamond drilling at the Chubb North prospect has intersected pegmatite swarms of up to 182m in aggregated thickness.

Indiana Resources (ASX:IDA) has completed field reconnaissance ahead of 2023/24 gold, REE and base metals exploration program in South Australia’s Gawler Craton.

Metallurgical testing has recovered up to up to 4.5% nickel at Golden Mile Resources (ASX:G88) 6Mt Quicksilver nickel-cobalt project in WA.

Gold miner Ora Banda (ASX:OBM) as inked a $45m lithium farm in JV with ASX-listed behemoth Wesfarmers subsidiary Brenahan Exploration, who will pay for all exploration across the Davyhurst tenement package from pre-discovery through to completion of a DFS.

GreenTech Metals (ASX:GRE) has reported 1.82% Li2O from rock chip sampling at its West Pilbara projects in WA.

Raiden Resources (ASX:RDN) has spotted visual spodumene in outcropping pegmatites at its Arrow project in WA.

MONEYME (ASX:MME) has reported sustainable returns from an increasingly robust loan book for Q1 FY24 with the fintech saying its loan book remained stable, maintaining a healthy net interest rate margin of 11% for the quarter.

Spartan Resources (ASX:SPR) has flagged high-grade gold assays from its non-core northern assets, the Glenburgh and Egerton projects, of up to 20.8g/t and 363g/t respectively.

GCX Metals (ASX:GCX) has completed the acquisition of the Dante nickel-copper-platinum group elements project in the West Musgrave region of WA.

Firetail Resources (ASX:FTL) says test work proves that conventional high pressure acid leaching can achieve up to 97% nickel recoveries at the Mt Slopeaway project in QLD.

Paradigm Biopharmaceuticals (ASX:PAR) is launching a $30m capital raise comprising an $18m institutional placement and a $12m 1 for 10 entitlement offer to fund its clinical trial plans through to mid CY25.

Tambourah Metals (ASX:TMB) has been awarded an EIS Grant for Co-Funded Government-Industry Drilling to co-fund 50% of the forecast drilling and mobilisation costs up to a maximum of $180,000.

And Latin Resources (ASX:LRS) has commenced an offtake process to formally assess proposals and associated project financing opportunities for its Salinas lithium project in Brazil after receiving numerous enquiries from key battery manufactures, chemical converters and Original Equipment Manufacturers (OEM’s).

At Stockhead we tell it like it is. While TG Metals, Belararox, NickelSearch, Arizona Lithium, Pure Hydrogen, Burley Minerals, Indiana Resources, Golden Mile Resources, Ora Banda Mining, Greentech Metals, Raiden Resources, MoneyMe, Spartan Resources, First Lithium, GCX Metals, Firetail Resources, Paradigm Biopharmaceuticals, Tambourah Metals and Latin Resources are Stockhead advertisers, they did not sponsor this article.

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