{"id":7450,"date":"2024-03-21T02:39:06","date_gmt":"2024-03-21T02:39:06","guid":{"rendered":"https:\/\/economicherald.net\/?p=7450"},"modified":"2024-03-21T02:39:06","modified_gmt":"2024-03-21T02:39:06","slug":"resources-top-4-billion-dollar-cash-splash-or-barry-fitz-magic-why-did-this-lithium-hunter-post-a-65pc-gain-today","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=7450","title":{"rendered":"Resources Top 4: Billion-dollar cash splash or Barry Fitz magic \u2013 why did this lithium hunter post a 65pc gain today?"},"content":{"rendered":"

A monster morning for lithium hunter Chariot Corp (ASX:CC9), up 65% in morning trade
\nAustralian Strategic Materials (ASX:ASM) gets non-binding Letter of Interest for debt funding up to US$600m to build Dubbo project
\nMont Royal Resources (ASX:MRZ), Globe Metals &Mining (ASX:GBE) up on no news<\/p>\n

Here are the biggest small cap resources winners in early trade Thursday, March 21.<\/p>\n

\u00a0<\/p>\n

CHARIOT CORP (ASX:CC9)<\/a><\/h2>\n

(Up on no news)<\/em><\/strong><\/p>\n

A monster morning for lithium hunter CC9, which is currently focused on its Black Mountain hard rock and Resurgent claystone projects, both in the USA.<\/p>\n

Today\u2019s share price spike on no news might have something to do with this:<\/p>\n

SPODUMENE ASIA US$1045.00\/t +0.00%. Lithium Americas has secured a conditional loan commitment from the US Department of Energy, totalling US$2.26bn, for its Thacker Pass #lithium<\/a> mine in Nevada. https:\/\/t.co\/CCm1ppDLF0<\/a> pic.twitter.com\/HiezpKUSUo<\/a><\/p>\n

\u2014 AME Research (@The_AMEGroup) March 21, 2024<\/a><\/p>\n\n

The Thacker Pass project, owned by Lithium Americas (NYSE:LAC), recently scored a US$2.26 billion loan from the US government.<\/p>\n

CC9\u2018s Resurgent project is right next door, as is Jindalee Lithium\u2019s (ASX:JLL) more advanced McDermitt project.<\/p>\n

Meanwhile JLL is down marginally in morning trade, which prob means the Thacker Pass cash splash isn\u2019t<\/em> the news stoking CC9\u2019s share price. Huh.<\/p>\n

Could it be the magic touch of Barry Fitz?<\/p>\n

In this episode of the Explorers Podcast, Barry FitzGerald chats to Shanthar Pathmanathan, managing director of @ChariotCorp<\/a> (#ASX<\/a>: $CC9 ). https:\/\/t.co\/d5rYB44Tk4<\/a><\/p>\n

\u2014 Stockhead (@StockheadAU) March 20, 2024<\/a><\/p>\n\n

<\/span>\u00a0<\/p>\n

AUSTRALIAN STRATEGIC MATERIALS (ASX:ASM)<\/a><\/h2>\n

Another generous US contribution, time for Australian Strategic Materials (ASX:ASM) and its large Dubbo rare earths and critical minerals project.<\/p>\n

ASM today received a non-binding Letter of Interest from the Export-Import Bank of the United States for debt funding up to US$600m ($923m) to build Dubbo, which follows Export Finance Australia\u2019s previous conditional finance support of $200 million debt funding.<\/p>\n

That\u2019s ~$1.1 billion in debt funding pencilled in for Dubbo, a massive chunk of the $1.68bn required to build the thing.<\/p>\n

An advanced study wrapped some numbers around the ambitious development including a pre-tax IRR of 23.5%, pre-tax NPV of $2.3m and annual free cash flow of $425m.<\/p>\n

Once a $1.8bn capped stock, ASM has lost a harrowing 88% of its value over the past few years despite hitting a bunch of crucial milestones.<\/p>\n\n

<\/span>\u00a0<\/p>\n

MONT ROYAL RESOURCES (ASX:MRZ)<\/a><\/h2>\n

(Up on no news)<\/strong><\/em><\/p>\n

MRZ\u2019s main game is the Wapatik (gold-copper) and Northern Lights and Wapatik (lithium) exploration projects in the now famous James Bay region of Quebec, Canada.<\/p>\n

Last month, it said planning for a maiden drill program across a juicy 500m-long spodumene target called Bohir at Northern Lights was \u201cwell advanced\u201d.<\/p>\n

Previous trenching and channel sampling at Bohir unearthed promising high grades like 6.05m @ 1.78% Li2O, 7m @ 1.71% Li2O, and 1m @ 1.97% Li2O.<\/p>\n

\u201cObservations from field work have confirmed the pegmatite boulders, up to 4m long, contain spodumene crystals up to 50cm long,\u201d MRZ says.<\/p>\n

Five other anomalies were uncovered with lengths varying from 200m to 400m.<\/p>\n

The ~$7m capped stock had $1.9m in the bank at the end of December.<\/p>\n\n

<\/span>\u00a0<\/p>\n

GLOBE METALS & MINING (ASX:GBE)<\/a><\/h2>\n

Until WA1 Resources (ASX:WA1)<\/a> uncovered its company maker in the West Arunta, GBE was the ASX\u2019s most high profile exposure to niobium.<\/p>\n

Its advanced 68.3Mt Kanyika project in Malawi could be the first niobium mine in 50 years when it comes online, it says.<\/p>\n

GBE has working on updating project studies, doing crucial met work, and getting approvals since releasing its advanced feasibility in August 2021.<\/p>\n

Next up is construction of a pilot plant (a smaller version of the real thing) pencilled in for Q2 this year.<\/p>\n

This will inform a feasibility study update and help lock in offtake deals.<\/p>\n

All going well, GBE reckons first production from a low cost (US$30m capex), 313 tonnes per annum Phase 1 niobium oxide operation will hit the market Q4 next year.<\/p>\n

Phase 2 production will then ramp up to 3155tpa at a cost of US$250m.<\/p>\n

The $32m capped stock had $3.3m in the bank at the end of December.<\/p>\n\n

\ufeff<\/span><\/span>
\n<\/span><\/p>\n

The post Resources Top 4: Billion-dollar cash splash or Barry Fitz magic \u2013 why did this lithium hunter post a 65pc gain today?<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

A monster morning for lithium hunter Chariot Corp (ASX:CC9), up 65% in morning trade Australian Strategic Materials (ASX:ASM) gets non-binding Letter of Interest for debt [more…]<\/a><\/p>\n","protected":false},"author":0,"featured_media":7451,"comment_status":"","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-7450","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nResources Top 4: Billion-dollar cash splash or Barry Fitz magic \u2013 why did this lithium hunter post a 65pc gain today? - 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=7450\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Resources Top 4: Billion-dollar cash splash or Barry Fitz magic \u2013 why did this lithium hunter post a 65pc gain today? - Economic Herald\" \/>\n<meta property=\"og:description\" content=\"A monster morning for lithium hunter Chariot Corp (ASX:CC9), up 65% in morning trade Australian Strategic Materials (ASX:ASM) gets non-binding Letter of Interest for debt [more...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/economicherald.net\/?p=7450\" \/>\n<meta property=\"og:site_name\" content=\"Economic Herald\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-21T02:39:06+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=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=7450#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=7450\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Resources Top 4: Billion-dollar cash splash or Barry Fitz magic \u2013 why did this lithium hunter post a 65pc gain today?\",\"datePublished\":\"2024-03-21T02:39:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=7450\"},\"wordCount\":730,\"publisher\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=7450#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2024\\\/03\\\/GettyImages-97218594-VQ2a3o.png\",\"articleSection\":[\"Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=7450\",\"url\":\"https:\\\/\\\/economicherald.net\\\/?p=7450\",\"name\":\"Resources Top 4: Billion-dollar cash splash or Barry Fitz magic \u2013 why did this lithium hunter post a 65pc gain today? - Economic Herald\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=7450#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=7450#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2024\\\/03\\\/GettyImages-97218594-VQ2a3o.png\",\"datePublished\":\"2024-03-21T02:39:06+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=7450#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/economicherald.net\\\/?p=7450\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=7450#primaryimage\",\"url\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2024\\\/03\\\/GettyImages-97218594-VQ2a3o.png\",\"contentUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2024\\\/03\\\/GettyImages-97218594-VQ2a3o.png\",\"width\":1200,\"height\":675},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=7450#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/economicherald.net\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Resources Top 4: Billion-dollar cash splash or Barry Fitz magic \u2013 why did this lithium hunter post a 65pc gain today?\"}]},{\"@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":"Resources Top 4: Billion-dollar cash splash or Barry Fitz magic \u2013 why did this lithium hunter post a 65pc gain today? - 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=7450","og_locale":"en_US","og_type":"article","og_title":"Resources Top 4: Billion-dollar cash splash or Barry Fitz magic \u2013 why did this lithium hunter post a 65pc gain today? - Economic Herald","og_description":"A monster morning for lithium hunter Chariot Corp (ASX:CC9), up 65% in morning trade Australian Strategic Materials (ASX:ASM) gets non-binding Letter of Interest for debt [more...]","og_url":"https:\/\/economicherald.net\/?p=7450","og_site_name":"Economic Herald","article_published_time":"2024-03-21T02:39:06+00:00","twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/economicherald.net\/?p=7450#article","isPartOf":{"@id":"https:\/\/economicherald.net\/?p=7450"},"author":{"name":"","@id":""},"headline":"Resources Top 4: Billion-dollar cash splash or Barry Fitz magic \u2013 why did this lithium hunter post a 65pc gain today?","datePublished":"2024-03-21T02:39:06+00:00","mainEntityOfPage":{"@id":"https:\/\/economicherald.net\/?p=7450"},"wordCount":730,"publisher":{"@id":"https:\/\/economicherald.net\/#organization"},"image":{"@id":"https:\/\/economicherald.net\/?p=7450#primaryimage"},"thumbnailUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2024\/03\/GettyImages-97218594-VQ2a3o.png","articleSection":["Finance"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/economicherald.net\/?p=7450","url":"https:\/\/economicherald.net\/?p=7450","name":"Resources Top 4: Billion-dollar cash splash or Barry Fitz magic \u2013 why did this lithium hunter post a 65pc gain today? - Economic Herald","isPartOf":{"@id":"https:\/\/economicherald.net\/#website"},"primaryImageOfPage":{"@id":"https:\/\/economicherald.net\/?p=7450#primaryimage"},"image":{"@id":"https:\/\/economicherald.net\/?p=7450#primaryimage"},"thumbnailUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2024\/03\/GettyImages-97218594-VQ2a3o.png","datePublished":"2024-03-21T02:39:06+00:00","breadcrumb":{"@id":"https:\/\/economicherald.net\/?p=7450#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/economicherald.net\/?p=7450"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/economicherald.net\/?p=7450#primaryimage","url":"https:\/\/economicherald.net\/wp-content\/uploads\/2024\/03\/GettyImages-97218594-VQ2a3o.png","contentUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2024\/03\/GettyImages-97218594-VQ2a3o.png","width":1200,"height":675},{"@type":"BreadcrumbList","@id":"https:\/\/economicherald.net\/?p=7450#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/economicherald.net\/"},{"@type":"ListItem","position":2,"name":"Resources Top 4: Billion-dollar cash splash or Barry Fitz magic \u2013 why did this lithium hunter post a 65pc gain today?"}]},{"@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\/7450","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=7450"}],"version-history":[{"count":0,"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/posts\/7450\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/media\/7451"}],"wp:attachment":[{"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7450"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7450"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7450"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}