{"id":10149,"date":"2024-05-27T06:19:48","date_gmt":"2024-05-27T06:19:48","guid":{"rendered":"https:\/\/economicherald.net\/?p=10149"},"modified":"2024-05-27T06:19:48","modified_gmt":"2024-05-27T06:19:48","slug":"closing-bell-rare-earths-hit-triggers-epic-300pc-small-cap-moon-landing-as-benchmark-beards-its-bears","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=10149","title":{"rendered":"Closing Bell: Rare earths hit triggers epic 300pc small cap moon landing as benchmark beards its bears"},"content":{"rendered":"<p>ASX in broad rebound; Cettire, Neuren, and Lendlease lead surge<br \/>\nPositive sentiment follows Wall Street strength<br \/>\nDY6 Metals up 300pc on<span class=\"Apple-converted-space\">\u00a0 <\/span>Rare Earths find at the Tundulu project in Malawi<\/p>\n<p>\u00a0<\/p>\n<p>Aussie shares rebounded pretty much across the board after Friday\u2019s selloff, closing around +0.8% higher on Monday.<span class=\"Apple-converted-space\">\u00a010 out of 11<\/span> sectors were riding higher, led by Real Estate and Telco sectors.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p>\u00a0<\/p>\n<p><em><strong>Source: MarketIndex<\/strong><\/em><\/p>\n<p>\u00a0<\/p>\n<p>Local sentiment tracked Wall Street which rallied after the closely-watched<strong> University of Michigan Consumer Survey<\/strong>\u00a0found that Americans are a bit less worried about inflation than they were earlier this month, raising hopes that interest rates might be cut later this year.<\/p>\n<p>\u201cThis is a bounce where people are like, maybe things aren\u2019t as bad as we thought, maybe there\u2019s room for the Fed to cut rates and the economy\u2019s going to be OK, and we\u2019re not completely falling apart,\u201d said <em>Rob Haworth of U.S. Bank Wealth Management.<span class=\"Apple-converted-space\">\u00a0<\/span><\/em><\/p>\n<p>Among the best performing stocks in the large caps space today was online luxury goods retailer,<strong><a href=\"https:\/\/stockhead.com.au\/company\/cettire-ctt\/\"> Cettire (ASX:CTT)<\/a><\/strong>, which surged 11% after calling out false rumours that it sells fake products.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p>Cettire responded to an article in <em>The Australian <\/em>which had highlighted customer complaints about product authenticity and handling processes, with some under ACCC investigation.<span class=\"Apple-converted-space\">\u00a0<\/span>Cettire\u2019s founder, Dean Mintz, denied all allegations and said he was unaware of any investigations.<\/p>\n<p><strong><a href=\"https:\/\/stockhead.com.au\/company\/neuren-pharmaceuticals-neu\/\">Neuren Pharma (ASX:NEU)<\/a><\/strong> jumped +10% after announcing positive results from its <em>Phase 2 trial of NNZ-2591<\/em> for children with Pitt Hopkins syndrome (PTHS).<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p>The trial showed significant improvements in patients, according to both clinicians and caregivers, across all key areas of the condition. Currently, there are no approved treatments for PTHS, which severely affects patients and their families.<\/p>\n<p>Property developer <strong><a href=\"https:\/\/stockhead.com.au\/company\/lendlease-group-llc\/\">Lendlease (ASX:LLC)<\/a><\/strong> also rallied +10% after saying it will take a financial hit to get out of some unprofitable overseas investments.<\/p>\n<p>The company is writing off up to $1.48 billion, signalling an end to its global plans. To calm investors, Lendlease also announced a $500 million buyback to boost the stock price. In total, Lendlease aims to free up about $4.5 billion, and will focus on local growth here in Australia instead.<\/p>\n<p><strong><a href=\"https:\/\/stockhead.com.au\/company\/megaport-mp1\/\">Megaport (ASX:MP1)<\/a><\/strong> meanwhile, slipped -2% after chairman Bevan Slattery sold $15.9 million worth of shares in the tech company he started.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p>\u00a0<\/p>\n<h2>What else happened today?<\/h2>\n<p>Across the region, Asian stock markets rose and the US dollar weakened as investors pivoted to a potential rate cut by the Fede Reserve.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p>Markets around the \u2018hood found positive trade on Monday \u2013 Hong Kong, China, South Korea, and Japan \u2013 while US equity futures remain stable ahead of today\u2019s Memorial Day break.<\/p>\n<p>Elsewhere, the electric vehicle branch of China\u2019s embattled real estate company Evergrande Group, saw its shares almost double.<\/p>\n<p>Meanwhile, the dying White Dwarf of Chinese property \u2013 Evergrande Group at least got to watch its last functioning satellite \u2013 the electric vehicle branch of China\u2019s embattled real estate company Evergrande New Energy Vehicle Group \u2013 surged by +80% in Hong Kong following news of a potential buyer for a stake in the business, and a potential new line of credit. Evergrande certainly lacks that.<\/p>\n<p>\u00a0<\/p>\n<h2>ASX SMALL CAP LEADERS<\/h2>\n<p><strong>Today\u2019s best performing small cap stocks:<\/strong><\/p>\n<p><em>Swipe or scroll to reveal full table. Click headings to sort:<\/em><\/p>\n<div class=\"supsystic-table-loader spinner\"><\/div>\n<div class=\"supsystic-tables-wrap \">\n<div class=\"supsystic-tables-features\"><\/div>\n<p>Code Name Price % Change Volume Market Cap DY6 Dy6Metalsltd 0.180 374% 16,147,115 $1,535,612 CAQ CAQ Holdings Ltd 0.027 80% 1,347,801 $10,766,794 SNX Sierra Nevada Gold 0.120 54% 297,345 $5,933,844 AMM Armada Metals 0.020 54% 2,581,988 $2,704,000 APC Aust Potash Ltd 0.002 50% 1,070,680 $4,020,189 YPB YPB Group Ltd 0.003 50% 407,121 $1,615,923 NAG Nagambie Resources 0.014 40% 901,038 $7,966,357 HYD Hydrix Limited 0.015 36% 2,487,383 $2,796,407 ECT Env Clean Tech Ltd. 0.004 33% 2,309,999 $9,515,431 WMG Western Mines 0.445 33% 635,977 $25,365,591 A8G Australasian Metals 0.100 32% 802,948 $3,961,158 BUS Bubalusresources 0.200 25% 150,688 $5,147,788 ALR Altairminerals 0.005 25% 400,000 $17,186,310 BNL Blue Star Helium Ltd 0.010 25% 17,705,489 $15,538,122 KRR King River Resources 0.010 25% 1,513,440 $12,428,200 MCT Metalicity Limited 0.003 25% 2,059,063 $8,970,190 NRZ Neurizer Ltd 0.003 25% 2,339,318 $3,804,841 SIH Sihayo Gold Limited 0.003 25% 210,000 $24,408,512 DXB Dimerix Ltd 0.420 24% 18,654,979 $186,889,375 HAL Halo Technologies 0.100 22% 110,378 $10,548,184 POL Polymetals Resources 0.335 22% 109,386 $43,344,897 MEL Metgasco Ltd 0.006 20% 1,088,957 $6,244,434 SRT Strata Investment 0.250 19% 429,256 $35,578,951 PFT Pure Foods Tas Ltd 0.044 19% 186,091 $4,080,904 <!-- \/#supsystic-table-14763.supsystic-table --><\/p>\n<div class=\"stbConditionsData\"><\/div>\n<\/div>\n<p><!-- \/.supsystic-tables-wrap --><!-- Tables Generator by Supsystic --><!-- Version:1.10.33 --><!-- http:\/\/supsystic.com\/ --><a title=\"Wordpress Table Plugin\" href=\"https:\/\/supsystic.com\/plugins\/wordpress-data-table-plugin\/?utm_medium=love_link\" target=\"_blank\" rel=\"noopener\">WordPress Table Plugin<\/a><\/p>\n<p>\u00a0<\/p>\n<p>Explorer <a href=\"https:\/\/stockhead.com.au\/company\/dy6-metals-dy6\/\">DY6 Metals (ASX:DY6)<\/a> was soaring on Monday morning, after revealing that the company has taken a closer look at historic drill samples from the Tundulu project in southern Malawi, and found that the project is \u2013 apparently \u2013 absolutely riddled with Rare Earths.<\/p>\n<p>This is worth explaining because it\u2019s kind of an awesome story\u2026 like buying a second-hand wallet in an op-shop, and finding a winning lottery ticket tucked away inside when you brought it home.The project was initially explored in 1988 by Japanese International Cooperation Agency (JCIA), with the drill cores examined, catalogued and stuffed a in drawer somewhere \u2013 presumably because back in 1988, JCIA went to Malawi looking for something other than REEs.<\/p>\n<p>There was some follow-up exploration work done at the site, which continued sporadically until 2014 \u2013 leaving a juicy tranche of samples to go over with a fresh set of eyes, which were focussed on finding the kind of Rare Earths that are super-fashionable at the moment. In steps DY6, and they\u2019ve taken that historical data and some far more recent\u00a0 boots-on-the-ground exploration work\u00a0\u2013 and the news there is good.<\/p>\n<p>Drilling intercepts including 101m @ 1.02% TREO from surface, 109m @ 1.06% TREO from 53m and 97m @ 1.35% TREO from surface tell the story \u2013 there\u2019s probably a lot of valuable stuff there, close to the surface \u2013 which DY6 says compares favourably to <a href=\"https:\/\/stockhead.com.au\/company\/lynas-lyc\/\">Lynas\u2019 (ASX:LYC)<\/a> Mt Weld deposit.<\/p>\n<p>Anyway \u2013 DY6 was up more over +300% today, and that\u2019s the reason why, according to our own Moon Landing, Gregor Stronach.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p>Also doing well was <a href=\"https:\/\/stockhead.com.au\/company\/armada-metals-amm\/\">Armada Metals (ASX:AMM)<\/a>, on news that a binding agreement has been signed to acquire 100% of the issued capital of Midwest Lithium, an Australian company that currently holds, or has the right to acquire, a 100% interest in 1,098 unpatented lode mining claims covering approximately 93km2, located in the Black Hills of South Dakota, USA. On completion, Midwest shareholders will hold 50% of the enlarged post capital raising, issued share capital of Armada. The transaction is subject to various conditions, of course, \u201cincluding execution of long form agreements and the completion of satisfactory legal, financial, tax and technical due diligence by Armada\u201d<\/p>\n<p><a href=\"https:\/\/stockhead.com.au\/company\/hydrix-hyd\/\">Hydrix (ASX:HYD)<\/a> was also moving well on Monday morning, on news that its wholly-owned subsidiary Hydrix Services has entered into a $2.3m contract with leading European medical company Paul Hartmann, to provide a second round of services to assist with product development.<\/p>\n<p>And <a href=\"https:\/\/stockhead.com.au\/company\/australasian-metals-a8g\/\">Australasian Metals (ASX:A8G)<\/a> was on the rise, after it announced it has entered into an Option Agreement with Verdant Minerals regarding the Dingo Hole high pure quartz project in the Northern Territory and Queensland.<span class=\"Apple-converted-space\">\u00a0 <\/span>That operation is known as the Dingo Hole high pure quartz project and A8G has entered an agreement with Verdant Minerals regarding it.<\/p>\n<p>High Pure Quartz HPQ is a rapidly growing minerals sector, and that\u2019s largely due to the material\u2019s high industrial usage in the tech and electronics industry (yes, AI), including for semiconductors, solar panels, optical glass, optical fibres and more.<\/p>\n<p>Clinical-stage biopharmaceutical company\u00a0<a href=\"https:\/\/stockhead.com.au\/company\/dimerix-dxb\/\">Dimerix (ASX:DXB)<\/a>\u00a0soared almost +20% after saying Taiba has acquired the exclusive rights to register and commercialise DMX-200 for the treatment of focal segmental glomerulosclerosis (FSGS) kidney disease in the United Arab Emirates (UAE), Saudi Arabia, Oman,\u00a0 Kuwait,\u00a0 Qatar,\u00a0 Bahrain\u00a0 and\u00a0 Iraq. Under the deal DXB will receive up to US$80.4m (~A$120.5m) from Taiba in upfront and milestone payments on certain development and sales milestones being achieved.<\/p>\n<p>The company will also receive tiered royalties starting at 30% on net sales.<\/p>\n<p><strong><a href=\"https:\/\/stockhead.com.au\/company\/polymetals-resources-pol\/\">Polymetals Resources (ASX:POL)<\/a><\/strong> and<strong> <a href=\"https:\/\/stockhead.com.au\/company\/metals-acquisition-mac\/\">Metals Acquisition (ASX:MAC)<\/a><span class=\"Apple-converted-space\">\u00a0 <\/span><\/strong>have\u00a0formed a non-exclusive strategic alliance to extract greater value from both the Endeavor and CSA copper mines in the Cobar Basin of NSW. MAC will also invest up to $5m @ $0.35\/share in POL.<\/p>\n<p>Polymetals is surging on the news, by the way, up more than 20% at the time of writing, while Metals Acquisition\u2019s share price is also faring well, up a more modest 4% or so \u2013 but still significant considering the size of the company\u2019s market cap, which is in excess of $1.46b.<\/p>\n<p>It\u2019s a very big deal for POL, this, and will see the joint operation treat high-grade zinc ore at Endeavor. POL will also provide MAC with excess water offtake to enhance CSA ore treatment capacity.<\/p>\n<p>And, <strong><a href=\"https:\/\/stockhead.com.au\/company\/emvision-medical-devices-emv\/\">EMvision Medical Devices (ASX:EMV)<\/a><\/strong> has shared an update from its ongoing clinical trials focusing on improving EMVision\u2019s AI algorithms for diagnosing strokes caused by bleeding or blockages in the brain. The interim results from the Stage 2 of the trial showed that the AI algorithm is working well in figuring out if a patient has ischaemia stroke or not (clot or not).<\/p>\n<p>The algorithm was able to spot patterns and features in complex patient data, even in cases of early-onset severe ischaemic stroke, which can be hard to detect on standard brain scans.<\/p>\n<p>This analysis builds on previous positive findings that showed EMV\u2019s AI model performs strongly in identifying if there\u2019s bleeding in the brain (haemorrhage).<\/p>\n<p>\u00a0<\/p>\n<h2>ASX SMALL CAP LAGGARDS<\/h2>\n<p><strong>Today\u2019s best performing small cap stocks:<\/strong><\/p>\n<p><em>Swipe or scroll to reveal full table. Click headings to sort<\/em><\/p>\n<div class=\"supsystic-table-loader spinner\"><\/div>\n<div class=\"supsystic-tables-wrap \">\n<div class=\"supsystic-tables-features\"><\/div>\n<p>Code Name Price % Change Volume  Market Cap KOR Korab Resources 0.005 -29% 311,655 $2,569,350 GHY Gold Hydrogen 1.470 -26% 2,455,930 $152,176,101 LSR Lodestar Minerals 0.002 -25% 32,505 $4,046,795 NAE New Age Exploration 0.003 -25% 735,000 $7,175,596 ODE Odessa Minerals Ltd 0.003 -25% 18,306 $4,173,130 AMO Ambertech Limited 0.240 -25% 433,714 $30,529,531 EMS Eastern Metals 0.038 -24% 1,156,396 $4,941,312 ICU Investor Centre Ltd 0.010 -23% 1,097,387 $3,958,647 AAU Antilles Gold Ltd 0.007 -22% 10,962,612 $8,968,815 PPY Papyrus Australia 0.012 -20% 661,021 $7,390,389 CVR Cavalierresources 0.160 -20% 94,286 $6,365,783 S66 Star Combo 0.120 -20% 21,602 $20,262,447 MKL Mighty Kingdom Ltd 0.004 -20% 73,624 $12,487,999 PRX Prodigy Gold NL 0.002 -20% 29,704 $5,034,435 RBR RBR Group Ltd 0.002 -20% 2,195,101 $4,086,012 TAS Tasman Resources Ltd 0.004 -20% 84,375 $3,563,346 YAR Yari Minerals Ltd 0.004 -20% 15,231 $2,411,789 SER Strategic Energy 0.028 -18% 28,235,760 $16,517,715 ADR Adherium Ltd 0.019 -17% 2,634,729 $8,970,920 SBM St Barbara Limited 0.233 -17% 25,878,794 $229,031,706 AUK Aumake Limited 0.003 -17% 11,014 $5,743,220 LRL Labyrinth Resources 0.005 -17% 15,888 $7,125,262 REM Remsensetechnologies 0.020 -17% 20,784 $3,956,632 CCE Carnegie Cln Energy 0.041 -16% 824,304 $15,329,820 <!-- \/#supsystic-table-14764.supsystic-table --><\/p>\n<div class=\"stbConditionsData\"><\/div>\n<\/div>\n<p><!-- \/.supsystic-tables-wrap --><!-- Tables Generator by Supsystic --><!-- Version:1.10.33 --><!-- http:\/\/supsystic.com\/ --><a title=\"Wordpress Table Plugin\" href=\"https:\/\/supsystic.com\/plugins\/wordpress-data-table-plugin\/?utm_medium=love_link\" target=\"_blank\" rel=\"noopener\">WordPress Table Plugin<\/a><\/p>\n<p>\u00a0<\/p>\n<p>Meanwhile, <a href=\"https:\/\/stockhead.com.au\/company\/genetic-signatures-gss\/\">Genetic Signatures (ASX:GSS)<\/a> has decided not to continue developing its EasyScreen Essentials Respiratory Detection Kit for the US market.<\/p>\n<p>This decision comes after assessing the commercial landscape and seeing that other fully automated respiratory tests have already been cleared by the FDA and are widely used in the US.<\/p>\n<p>Since respiratory pathogen testing has decreased in the last 2-3 years, GSS believes its kit wouldn\u2019t compete well in the market. Instead, the company plans to focus on launching the EasyScreen Gastrointestinal Parasite Detection Kit in the US soon.<\/p>\n<p>\u00a0<\/p>\n<h2>IN CASE YOU MISSED IT<\/h2>\n<p><a href=\"https:\/\/stockhead.com.au\/company\/arizona-lithium-azl\/\">Arizona Lithium (ASX:AZL)<\/a> has <a href=\"https:\/\/stockhead.com.au\/resources\/arizona-lithium-starts-drilling-deep-at-its-prairie-brine-project\/\">started well drilling<\/a> at Pad #1 at its advanced Prairie lithium brine project in Saskatchewan, Canada, with production testing expected to start next month.<\/p>\n<p><a href=\"https:\/\/stockhead.com.au\/company\/culpeo-minerals-cpo\/\">Culpeo Minerals\u2019 (ASX:CPO)<\/a> reconnaissance rock chip sampling has <a href=\"https:\/\/stockhead.com.au\/resources\/culpeo-minerals-finds-up-to-2-62-copper-in-rock-chips-at-vista-montana\/\">confirmed the presence of a large, at surface, copper bearing system<\/a> at the Vista Montana prospect within its Lana Corina\u00a0project in Chile after returning results of up to 2.62% copper.<\/p>\n<p><a href=\"https:\/\/stockhead.com.au\/company\/dimerix-dxb\/\">Dimerix (ASX:DXB)<\/a> will <a href=\"https:\/\/stockhead.com.au\/health\/dimerix-strikes-120m-licensing-deal-for-kidney-drug-in-middle-east\/\">receive up to $120.5m<\/a> after inking\u00a0an exclusive license agreement for the commercialisation of its Phase 3 kidney disease drug candidate DMX-200 in several Middle Eastern countries.<\/p>\n<p><a href=\"https:\/\/stockhead.com.au\/company\/dy6-metals-dy6\/\">DY6 Metals (ASX:DY6)<\/a> has uncovered further historical data confirming that its Tundulu rare earths project in Malawi is a <a href=\"https:\/\/stockhead.com.au\/resources\/historical-drilling-reinforces-high-grade-rare-earths-rings-at-dy6-metals-tundulu\/\">significant asset<\/a> after the drill data from 2014 reinforced the REE mineralisation potential within Nathace Hill.<\/p>\n<p><a href=\"https:\/\/stockhead.com.au\/company\/sunshine-metals-shn\/\">Sunshine Metals\u2019 (ASX:SHN)<\/a> drilling to test for extensions to the gold-rich Liontown Footwall Lode have <a href=\"https:\/\/stockhead.com.au\/resources\/sunshine-metals-drilling-identifies-new-copper-rich-lode-at-its-liontown-project\/\">unearthed the new copper-rich Sapindinus Lode<\/a> that is adjacent to four historical shafts.<\/p>\n<p><a href=\"https:\/\/stockhead.com.au\/company\/zeotech-zeo\/\">Zeotech\u2019s (ASX:ZEO)<\/a> manufactured zeolite agri-soil product have been found to <a href=\"https:\/\/stockhead.com.au\/tech\/sow-sequester-save-zeotechs-zeolites-show-promise-in-crop-growth-and-carbon-capture\/\">increase organic carbon protection<\/a> by ~30% while increasing the efficiency of fertiliser application.<\/p>\n<p><a href=\"https:\/\/stockhead.com.au\/company\/blue-star-helium-bnl\/\">Blue Star Helium (ASX:BNL)<\/a> State 16 SWSE 3054 development well at its Galactica helium project in Las Animas County, Colorado, has successfully intersected 96ft of high-quality gas filled sandstone in the targeted upper Lyons production section. The well, which was successfully drilled to a total depth of 1211ft at the base of the upper sand of the Lyons formation, flowed gas naturally with no water from the target formation during drilling and has been \u201ccleaning-up\u201d since drilling operations were completed.<\/p>\n<p>During drilling operations and while flowing at TD the onsite mass spectrometer recorded elevated helium as expected.<\/p>\n<p>The company is now moving to start pressure and flow testing with gas samples taken during testing sent for laboratory analysis of the reservoir gas composition.<\/p>\n<p><a href=\"https:\/\/stockhead.com.au\/company\/equinox-resources-eqn\/\">Equinox Resources (ASX:EQN)<\/a> has appointed its chief executive officer Zac Komur as its managing director with effect from 1 June 2024.<\/p>\n<p>Since joining the company in late 2023, he has been forming a development pathway for the Hamersley iron ore project and reshaping its asset portfolio with the addition of highly prospective Brazilian rare earth projects. Komur has extensive experience in executing large-scale mining development and capital projects, commercialisation of assets, raising capital and running operations in the mining industry. He has also operated in Brazil and ran world-class iron ore operations.<\/p>\n<p><a href=\"https:\/\/stockhead.com.au\/company\/great-southern-mining-gsn\/\">Great Southern Mining (ASX:GSN)<\/a> has carried out a process of target generation and refinement at the Duketon gold project that will leverage the knowledge of consultant geologists with long-term experience in the Duketon Belt and its own geological team.<\/p>\n<p>This work has verified the Golden Boulder, Amy Clarke and Southern Star areas as key prospects while generating several new target areas such as Boundary where recently uncovered historical drill intercepts coincide with an interpreted favourable structural setting.<\/p>\n<p>The structural setting at Boundary is analogous to that which hosts the Garden Well deposit to the north.<\/p>\n<p>Step-out reverse circulation drilling is underway at <a href=\"https:\/\/stockhead.com.au\/company\/riversgold-rgl\/\">Riversgold\u2019s (ASX:RGL)<\/a> Northern Zone gold project to enable estimation of a maiden JORC resource.<\/p>\n<p>Gold at the Northern Zone project is hosted in a porphyry intrusion with drilled widths exceeding 100m in true width. An aircore drill program to test the project for supergene gold is also progressing well with 11 holes totalling 783m completed to date.<\/p>\n<p><a href=\"https:\/\/stockhead.com.au\/company\/toubani-resources-tre\/\">Toubani Resources (ASX:TRE)<\/a> has appointed Matt Wilcox as a non-executive director as it progresses the definitive feasibility study for its Kobada gold project in southern Mali.<\/p>\n<p>Wilcox is highly experienced across the gold mining industry, particularly in West Africa, and was previously the chief executive officer at Tietto Minerals where he oversaw the design, construction, commissioning and operation of the Abujar Gold Mine before being acquired by Zhaojin Capital for A$750 million in May 2024.<\/p>\n<p>The company has also appointed current non-executive director Scott Perry as its non-executive chairman while strengthening its DFS owner\u2019s team.<\/p>\n<p>\u00a0<\/p>\n<h2>TRADING HALTS<\/h2>\n<p class=\"p1\"><span class=\"s1\"><a href=\"https:\/\/stockhead.com.au\/company\/sierra-nevada-gold-snx\/\">Sierra Nevada Gold (ASX:SNX)<\/a><\/span> \u2013 pending an announcement to the market in relation to a capital raising.<\/p>\n<p class=\"p1\"><span class=\"s1\"><a href=\"https:\/\/stockhead.com.au\/company\/kincora-copper-kcc\/\">Kincora Copper (ASX:KCC)<\/a><\/span> \u2013 pending<span class=\"Apple-converted-space\">\u00a0 <\/span>an announcement in relation to a proposed joint venture agreement.<\/p>\n<p class=\"p1\"><span class=\"s1\"><a href=\"https:\/\/stockhead.com.au\/company\/gateway-mining-gml\/\">Gateway Mining (ASX:GML)<\/a><\/span> \u2013 pending an announcement in relation to a capital raising.<\/p>\n<p class=\"p1\"><span class=\"s1\"><a href=\"https:\/\/stockhead.com.au\/company\/emu-emu\/\">Emu (ASX:EMU)<\/a><\/span> \u2013 pending the release of an announcement regarding an equity raise.<\/p>\n<p class=\"p1\"><span class=\"s1\"><a href=\"https:\/\/stockhead.com.au\/company\/winsome-resources-wr1\/\">Winsome Resources (ASX:WR1)<\/a><\/span> \u2013 pending the release of the details of an upgraded Mineral Resource Estimate.<\/p>\n<p class=\"p1\"><span class=\"s1\"><a href=\"https:\/\/stockhead.com.au\/company\/western-gold-resources-wgr\/\">Western Gold Resources (ASX:WGR)<\/a><\/span> \u2013 pending an announcement to the market in relation to a capital raising.<\/p>\n<p class=\"p1\"><span class=\"s1\"><a href=\"https:\/\/stockhead.com.au\/company\/desoto-resources-des\/\">Desoto Resources (ASX:DES)<\/a><\/span> \u2013 pending an announcement regarding a strategic acquisition.<\/p>\n<p class=\"p1\"><span class=\"s1\"><a href=\"https:\/\/stockhead.com.au\/company\/od6-metals-od6\/\">OD6 Metals (ASX:OD6)<\/a><\/span> \u2013 pending an announcement of a Mineral Resource Estimate Upgrade at the Splinter Rock Project<\/p>\n<p class=\"p1\"><span class=\"s1\"><a href=\"https:\/\/stockhead.com.au\/company\/adriatic-metals-adt\/\">Adriatic Metals (ASX:ADT)<\/a><\/span> \u2013 pending an announcement concerning a capital raising.<\/p>\n<p><em>At Stockhead, we tell it like it is. While <span>Culpeo Minerals,<\/span> <span>Dimerix, <\/span><span>DY6 Metals, Sunshine Metals, Zeotech,\u00a0<\/span>Riversgold and New Age Exploration are Stockhead advertisers, they did not sponsor this article.\u00a0<\/em><\/p>\n<p><span class=\"et_bloom_bottom_trigger\"><\/span><\/p>\n<p>The post <a href=\"https:\/\/stockhead.com.au\/news\/closing-bell-rare-earths-hit-triggers-epic-300pc-small-cap-moon-landing-as-benchmark-beards-its-bears\/\">Closing Bell: Rare earths hit triggers epic 300pc small cap moon landing as benchmark beards its bears<\/a> appeared first on <a href=\"https:\/\/stockhead.com.au\/\">Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>ASX in broad rebound; Cettire, Neuren, and Lendlease lead surge Positive sentiment follows Wall Street strength DY6 Metals up 300pc on\u00a0 Rare Earths find at <a href=\"https:\/\/economicherald.net\/?p=10149\" class=\"read-more-link\">[more&#8230;]<\/a><\/p>\n","protected":false},"author":0,"featured_media":10150,"comment_status":"","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-10149","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Closing Bell: Rare earths hit triggers epic 300pc small cap moon landing as benchmark beards its bears - Economic Herald<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/economicherald.net\/?p=10149\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Closing Bell: Rare earths hit triggers epic 300pc small cap moon landing as benchmark beards its bears - Economic Herald\" \/>\n<meta property=\"og:description\" content=\"ASX in broad rebound; Cettire, Neuren, and Lendlease lead surge Positive sentiment follows Wall Street strength DY6 Metals up 300pc on\u00a0 Rare Earths find at [more...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/economicherald.net\/?p=10149\" \/>\n<meta property=\"og:site_name\" content=\"Economic Herald\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-27T06:19:48+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"13 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=10149#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=10149\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Closing Bell: Rare earths hit triggers epic 300pc small cap moon landing as benchmark beards its bears\",\"datePublished\":\"2024-05-27T06:19:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=10149\"},\"wordCount\":2551,\"publisher\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=10149#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/DY6-Metals-up-300pc-on-Rare-Earths-find-at-the-Tundulu-project-in-Malawi.-Picture-Getty-Zeb39x.jpeg\",\"articleSection\":[\"Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=10149\",\"url\":\"https:\\\/\\\/economicherald.net\\\/?p=10149\",\"name\":\"Closing Bell: Rare earths hit triggers epic 300pc small cap moon landing as benchmark beards its bears - Economic Herald\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=10149#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=10149#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/DY6-Metals-up-300pc-on-Rare-Earths-find-at-the-Tundulu-project-in-Malawi.-Picture-Getty-Zeb39x.jpeg\",\"datePublished\":\"2024-05-27T06:19:48+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=10149#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/economicherald.net\\\/?p=10149\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=10149#primaryimage\",\"url\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/DY6-Metals-up-300pc-on-Rare-Earths-find-at-the-Tundulu-project-in-Malawi.-Picture-Getty-Zeb39x.jpeg\",\"contentUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/DY6-Metals-up-300pc-on-Rare-Earths-find-at-the-Tundulu-project-in-Malawi.-Picture-Getty-Zeb39x.jpeg\",\"width\":1200,\"height\":675},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=10149#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/economicherald.net\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Closing Bell: Rare earths hit triggers epic 300pc small cap moon landing as benchmark beards its bears\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/#website\",\"url\":\"https:\\\/\\\/economicherald.net\\\/\",\"name\":\"Economic Herald\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/economicherald.net\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/#organization\",\"name\":\"Economic Herald\",\"url\":\"https:\\\/\\\/economicherald.net\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/cropped-cropped-economicheraldlogo-1.png\",\"contentUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/cropped-cropped-economicheraldlogo-1.png\",\"width\":850,\"height\":760,\"caption\":\"Economic Herald\"},\"image\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#\\\/schema\\\/logo\\\/image\\\/\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Closing Bell: Rare earths hit triggers epic 300pc small cap moon landing as benchmark beards its bears - Economic Herald","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/economicherald.net\/?p=10149","og_locale":"en_US","og_type":"article","og_title":"Closing Bell: Rare earths hit triggers epic 300pc small cap moon landing as benchmark beards its bears - Economic Herald","og_description":"ASX in broad rebound; Cettire, Neuren, and Lendlease lead surge Positive sentiment follows Wall Street strength DY6 Metals up 300pc on\u00a0 Rare Earths find at [more...]","og_url":"https:\/\/economicherald.net\/?p=10149","og_site_name":"Economic Herald","article_published_time":"2024-05-27T06:19:48+00:00","twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"13 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/economicherald.net\/?p=10149#article","isPartOf":{"@id":"https:\/\/economicherald.net\/?p=10149"},"author":{"name":"","@id":""},"headline":"Closing Bell: Rare earths hit triggers epic 300pc small cap moon landing as benchmark beards its bears","datePublished":"2024-05-27T06:19:48+00:00","mainEntityOfPage":{"@id":"https:\/\/economicherald.net\/?p=10149"},"wordCount":2551,"publisher":{"@id":"https:\/\/economicherald.net\/#organization"},"image":{"@id":"https:\/\/economicherald.net\/?p=10149#primaryimage"},"thumbnailUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2024\/05\/DY6-Metals-up-300pc-on-Rare-Earths-find-at-the-Tundulu-project-in-Malawi.-Picture-Getty-Zeb39x.jpeg","articleSection":["Finance"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/economicherald.net\/?p=10149","url":"https:\/\/economicherald.net\/?p=10149","name":"Closing Bell: Rare earths hit triggers epic 300pc small cap moon landing as benchmark beards its bears - Economic Herald","isPartOf":{"@id":"https:\/\/economicherald.net\/#website"},"primaryImageOfPage":{"@id":"https:\/\/economicherald.net\/?p=10149#primaryimage"},"image":{"@id":"https:\/\/economicherald.net\/?p=10149#primaryimage"},"thumbnailUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2024\/05\/DY6-Metals-up-300pc-on-Rare-Earths-find-at-the-Tundulu-project-in-Malawi.-Picture-Getty-Zeb39x.jpeg","datePublished":"2024-05-27T06:19:48+00:00","breadcrumb":{"@id":"https:\/\/economicherald.net\/?p=10149#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/economicherald.net\/?p=10149"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/economicherald.net\/?p=10149#primaryimage","url":"https:\/\/economicherald.net\/wp-content\/uploads\/2024\/05\/DY6-Metals-up-300pc-on-Rare-Earths-find-at-the-Tundulu-project-in-Malawi.-Picture-Getty-Zeb39x.jpeg","contentUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2024\/05\/DY6-Metals-up-300pc-on-Rare-Earths-find-at-the-Tundulu-project-in-Malawi.-Picture-Getty-Zeb39x.jpeg","width":1200,"height":675},{"@type":"BreadcrumbList","@id":"https:\/\/economicherald.net\/?p=10149#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/economicherald.net\/"},{"@type":"ListItem","position":2,"name":"Closing Bell: Rare earths hit triggers epic 300pc small cap moon landing as benchmark beards its bears"}]},{"@type":"WebSite","@id":"https:\/\/economicherald.net\/#website","url":"https:\/\/economicherald.net\/","name":"Economic Herald","description":"","publisher":{"@id":"https:\/\/economicherald.net\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/economicherald.net\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/economicherald.net\/#organization","name":"Economic Herald","url":"https:\/\/economicherald.net\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/economicherald.net\/#\/schema\/logo\/image\/","url":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/10\/cropped-cropped-economicheraldlogo-1.png","contentUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/10\/cropped-cropped-economicheraldlogo-1.png","width":850,"height":760,"caption":"Economic Herald"},"image":{"@id":"https:\/\/economicherald.net\/#\/schema\/logo\/image\/"}}]}},"_links":{"self":[{"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/posts\/10149","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10149"}],"version-history":[{"count":0,"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/posts\/10149\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/media\/10150"}],"wp:attachment":[{"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10149"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10149"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10149"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}