Piedmont Lithium gains crucial mining approval for its Carolina lithium project in the US
\nNewPeak continues to rejuvenate, pivoting to a uranium\/REE\/scandium project in Canada\u00a0
\nSeveral goldies, including Felix, are faring well on the back of the rising gold price<\/p>\n
Here are some of the biggest resources winners in early trade, Monday April 15.<\/p>\n
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With a market cap just north of half a billion Aussie bucks, US lithium stock Piedmont is a pretty big producer\/player in the North American lithium fields, and its latest news is very much expected to help it grow further.<\/p>\n
PLL has announced this morning that it\u2019s received its all-important mining approval for the Carolina lithium project in North Carolina.<\/p>\n
\u201cWe plan to develop Carolina Lithium as one of the lowest cost, most sustainable lithium hydroxide operations in the world, and as a critical part of the American electric vehicle supply chain,\u201d PLL boss Keith Phillips says.<\/p>\n
\u201cThe project is expected to contribute billions of dollars of economic output and several hundred jobs to Gaston County and North Carolina\u2019s growing electrification economy.\u201d<\/p>\n
In mid February, the lithium big gun hit the news after it announced the sell-off of its shares in Canadian lithium producer Sayona Mining (ASX:SYA)<\/strong><\/a>, which has been smashed this year so far, down 46% YTD.<\/p>\n PLL said at the time that the decision to divest the SYA shares aligned with its commitment to \u201cmaintain a prudent balance sheet while simultaneously minimising dilution of PLL shareholders\u201d.<\/p>\n A bit more on that > here<\/a>.<\/p>\n\n \ufeff<\/span>\ufeff<\/span>\ufeff<\/span><\/span> Explorer NewPeak is ascending again on the news it\u2019s set to buy an early stage Canadian uranium, rare earths and scandium project for $500,000 in shares.<\/p>\n The project is located on the George River area that stretches across Quebec and Labrador, Canada and encompasses some 16,100 hectares. That\u2019s a whole lotta land.<\/p>\n This news comes on the back of some serious gains late last week for the tiny explorer after it announced finalising the sale of its share in a Finland gold project to a soon-to-be-listed Canadian company currently going by the unwieldy name of 1459992 BC, which is connected with Canadian corporate figure Emma Fairhurst.<\/p>\n For that, NPM is\u00a0receiving CAD$500,000 cash, CAD$1m in shares of the listed company, and a milestone payment of CAD$1.5m in cash or shares on reporting of a 500,000oz gold resource.<\/p>\n NPM says it plans to utilise proceeds from recent asset sales and continue the divestment of its other assets (Argentina gold and Sweden tungsten) to fund the exploration for uranium, REE and scandium properties in the Canadian tenements. \ufeff<\/span>\ufeff<\/span>\ufeff<\/span><\/span> As well as maintaining focus on its gold deposits in Western Australia, OzAurum is on the hunt for white gold in Brazil\u2019s \u2018Lithium Valley\u2019.<\/p>\n The company\u2019s share price is double-digiting nicely at the time of writing on the back of the commencement of its drilling campaign at the Boca Rica project in Minas Gerais, Brazil.<\/p>\n That\u2019s a 3,871ha project where OZM has identified a promising spodumene zone with extensive LCT pegmatite swarms observed over 1.7km.<\/p>\n The company believes the ground has the potential for a significant lithium discovery and has about $1.4 million set aside to undertake its Brazilian exploration operations.<\/p>\n CEO and MD Andrew Pumphrey noted that in addition to getting the drills spinning, the company \u201cis still actively negotiating on additional advanced lithium acquisition opportunities\u201d in Brazil, along with niobium and REE possibilities.<\/p>\n Source: OzAurum Resources \ufeff<\/span>\ufeff<\/span>\ufeff<\/span><\/span> Given the escalation in Middle Eastern tensions and conflict right now, which threatens to bubble over further, it\u2019s no real surprise to see the price of\u00a0 gold trending upwards with a flight-to-financial-safety narrative.<\/p>\n Can gold stocks capitalise? Of late we\u2019ve been starting to see some break down of prior disconnect between the commodity gains and gold equities.<\/p>\n Today, Felix Gold is one junior catching the eye, at least on gains alone. At the time of writing, it\u2019s made a 34% intraday push and is up 110% for the month, 28% or thereabouts YTD.<\/p>\n There\u2019s no specific news coming from FXG channels today, however, it did note last week that testwork has yielded impressive recoveries over 90% at the company\u2019s NW Array prospect in Alaska, ahead of a maiden gold resource.<\/p>\n The explorer says that this \u201cwill set the platform\u201d to build towards the profile of Kinross Gold\u2019s nearby Gill-Sourdough mine in the northern US state.<\/p>\n Felix Gold is one of the largest claim holders in the Fairbanks Gold Mining District, where historical gold production exceeds 16Moz.<\/p>\n Its leases are sandwiched between Kinross\u2019 11.8Moz Fort Knox mine (19km away) and Freegold Ventures\u2019 19.7Moz Golden Summit Project (18km away).<\/p>\n Felix Gold $FXG<\/a> is pleased to announce that it has completed an initial leach test work program to provide information on potential gold recoveries at the NW Array Gold Prospect at its Fairbanks Gold Mining District in Alaska. \u2014 Felix Gold (@_FelixGold) April 10, 2024<\/a><\/p>\n \n\u00a0<\/p>\n \ufeff<\/span>\ufeff<\/span>\ufeff<\/span><\/span> \u2022 Cavalier Resources (ASX:CVR)<\/strong><\/a>: +30% on no news<\/p>\n \u2022 Benz Mining Corp (ASX:BNZ)<\/strong><\/a> : +26% on no news<\/p>\n \u2022 Cygnus Gold (ASX:CY5)<\/strong><\/a> +20% on no news<\/p>\n \u00a0<\/p>\n At Stockhead we tell it like it is. While Felix Gold is a Stockhead advertiser at the time of writing, it did not sponsor this article.\u00a0<\/em><\/p>\n <\/span><\/p>\n The post Resources Top 4: Gold stocks gain again, while Piedmont\u2019s US lithium ops get a boost<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"
\n\u00a0<\/p>\nNewPeak Metals (ASX:NPM)<\/strong><\/a><\/h2>\n
\n\u00a0<\/p>\nNPM share price<\/h2>\n\n
\n\u00a0<\/p>\nOzAurum Resources (ASX:OZM)<\/strong><\/a><\/h2>\n
\n\u00a0<\/p>\nOZM share price<\/h2>\n\n
\n\u00a0<\/p>\nFelix Gold (ASX:FXG)<\/strong><\/a><\/h2>\n
View https:\/\/t.co\/dLOjyc4FN5<\/a> #Mining<\/a> #Gold<\/a> pic.twitter.com\/Rvl8TfW4Nf<\/a><\/p>\nFXG share price<\/h2>\n\n
\n\u00a0<\/p>\nIn brief: Some other goldies faring well today<\/h2>\n