In Case You Missed It: Lithium land secured in Canada’s Electric Avenue takes PAT higher

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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 ICI Icandy Interactive 0.035 30% $36,239,553 KTA Krakatoa Resources 0.024 26% $8,263,060 IEC Intra Energy Corp 0.005 25% $6,643,126 KPO Kalina Power Limited 0.005 25% $6,060,783 SIS Simble Solutions 0.005 25% $2,411,803 PAT Patriot Lithium 0.21 24% $10,860,875 REC Rechargemetals 0.13 18% $12,248,717 R3D R3D Resources Ltd 0.059 18% $7,407,579 BLU Blue Energy Limited 0.0165 18% $25,913,630 SPQ Superior Resources 0.027 17% $42,194,736 1AI Algorae Pharma 0.014 17% $19,628,882 AMM Armada Metals 0.035 17% $5,177,042 PLN Pioneer Lithium 0.315 17% $7,674,750 MRL Mayur Resources Ltd 0.225 15% $63,845,503 NNG Nexion Group 0.015 15% $2,630,002 ENR Encounter Resources 0.345 15% $118,657,734 EXT Excite Technology 0.008 14% $8,464,692 GTH Gathid Ltd 0.024 14% $5,531,776 NXS Next Science Limited 0.21 14% $49,181,155 GPR Geopacific Resources 0.017 13% $12,317,867

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Krakatoa Resources (ASX:KTA) has started drilling an extended 1.3km-long mineralised corridor at its King Tamba lithium project in WA.

Patriot Lithium (ASX:PAT) has picked up an additional 536km2 of highly prospective claims in “Electric Avenue” lithium district, North-West Ontario, which has taken PAT higher today… to the tune of +23% at time of writing.

R3D Resources (ASX:R3D) has achieved a production rate of 4 tonnes per day of copper sulphate at its Tartana plant, with plans to ramp up to 8 tonnes per day by the end of 2023.

Algorae Pharmaceuticals -1AI (ASX:) has secured a spot as an industry participant to the Next Generation Artificial Intelligence (AI) Graduate Program (NGAIGP) operated by Australia’s national science agency, CSIRO.

And Encounter Resources (ASX:ENR) has found new areas of niobium-REE mineralised carbonatites at its Aileron project in WA. 

 

More Top Small Cap Stories: Tuesday

 

James Bay Minerals’ (ASX:JBY) 560m-long, 20m-wide Warhawk pegmatite has been sampled to show high-grade lithium.

Antilles Gold (ASX:AAU) says ‘outstanding’ copper intersections have been confirmed by pXRF readings in the latest diamond drill hole through the oxide copper domain at El Pilar.

A scoping study has shown Lithium Energy (ASX:LEL) 3.3Mt Solaroz lithium brine project comes with an impressive IRR of 41-44% and will take just 2-2.5 years to pay back development costs once in production.

Many Peaks Gold (ASX:MPG) has defined over 2.2km strike of TREO (total rare earths) across the Mann 2 corridor at the Odyssey project in Canada’s Labrador province.

Pilot Energy (ASX:PGY) has teamed up with and Samsung C&T Corporation Engineering & Construction Group to jointly progress and fund the development of the Mid West clean energy project. 

Power Minerals (ASX:PNN) has received the first tranche payment of $3.125m from Direct Lithium Extraction (DLE) company Summit Nanotech for JV over the Incahuasi salar.

Surface stockpiles at Horseshoe Lights could provide early cash flow for Horseshoe Metals (ASX:HOR) via low-cost direct shipping ore (DSO) sales.

Ark Mines (ASX:AHK) has confirmed rare earths mineralisation in every interval of every hole assayed to date at its Sandy Mitchell project in QLD.

And Jindalee Resources (ASX:JRL) is raising a total of $4.1m (before costs) from public and priority offers to advance its McDermitt lithium project. 

 

At Stockhead we tell it like it is. While James Bay Minerals, Antilles, Lithium Energy, Many Peaks, Pilot Energy, Power Minerals, Patriot Lithium, Ark Mines, Krakatoa Resources and Jindalee Resources are Stockhead advertisers, they did not sponsor this article.

The post In Case You Missed It: Lithium land secured in Canada’s Electric Avenue takes PAT higher appeared first on Stockhead.

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