It’s the most enduring thematic of our times, and now investors can get exposure at a significantly lower price thanks to the recent impact of rising rates and global strife.

Lithium stocks already showing first signs of recovery while Boss prepares for FID as uranium outlook charges up.   The global decarbonisation thematic is none too worried about the shakedown in equity markets over China’s slowdown and the impact of rising inflation/interest rates in the major economies. The thematic is alive and well. And it’s here to stay for decades to come as governments and companies alike combine forces to rein in global carbon emissions from the (renewable and sustainable) electrification of everything.

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Pilbara Minerals has reinforced analysts’ bullish lithium predictions after securing a record price for 5000 dry metric tonnes of the critical battery raw material sold on its unique digital auction platform (reports The Australian Financial Review)

As investors digested several upbeat brokers notes on lithium stocks, Pilbara on Tuesday night revealed it had secured a price of $US5955 a dry metric tonne for a cargo of spodumene with 5.5 per cent lithia via its Battery Material Exchange platform. Including freight costs to China, the price for its fifth auction on the platform equates to around $US6586 a dry metric tonne for spodumene concentrate with 6 per cent lithia.

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26th May 2022

Elon Musk wants to mine it, China is scouring Tibet for it, battery makers are crying out for it (reports Bloomberg).

Lithium, the wonder metal at the heart of the global shift to electric cars, is in a full-blown crisis. Demand has outstripped supply, pushing prices up almost 500% in a year and hindering the world’s most successful effort yet to halt global warming.

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Lithium bulls looking for analyst support need not look much further than UBS, with the investment bank expecting demand more than double consensus numbers by 2030 (reports MiningNews).

Instead of 2-3 million tonnes per annum of lithium carbonate equivalent demand, UBS believes somewhere around 5.8Mt will be the more accurate number. For two fundamental reasons. One, EV penetration, with UBS seeing that number at 25% by 2025 and 54% by 2030. And two, average battery size. UBS claims to have "street leading views" on the subject, though it concedes its forecasts are not without risk. The extract of the UBS report seen by MNN did not contain supply or price forecasts.

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Chalice Mining has confirmed an institutional placement to raise A$100 million (reports MiningNews).

The issue price of $6 represents a 10% discount to yesterday's close of $6.67. The company will issue roughly 16.7 million shares, equating to about 4.7% of existing shares on issue. The placement, which is being managed by Bell Potter Securities and Macquarie Capital, is not underwritten. Chalice had $49 million cash at the end of April. The company owns the globally significant Julimar project, north of Perth, which is Australia's largest palladium discovery.

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Develop has completed the acquisition of the Woodlawn zinc-copper mine in New South Wales (reports MiningNews).

The company paid A$30 million up-front, comprising $15 million cash and the issue of 4.8 million shares at $3.14 each, to secured creditors of collapsed miner Heron Resources. Up to $70 million of future milestone payments will be due, including $20 million on a final investment decision and $30 million after 18 months of continuous production. Develop has also reimbursed creditor Orion for $500,000 of care and maintenance costs. The company raised $50 million at $3.30 per share in February to fund the deal.

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Bill Beament’s Develop has entered into an agreement to acquire Premium Mining & Civil and Premium Mining Personnel (reports MiningNews).

The company entered into a letter of intent to acquire the businesses for A$7.46 million less net debt, to be satisfied by $300,000 in cash and the balance in Develop shares. The Premium Group is controlled by Paul Allison though Beament is a minority shareholder of Premium Mining Personnel and will receive roughly 10% of the total consideration. No up-front cash consideration will be payable to Beament. The deal will require shareholder approval once a formal agreement is signed.

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A battery metals explorer backed by some big-name identities in the WA mining industry has defied volatile equity markets to make a strong debut on the Australian Securities Exchange (reports The West Australian).

Bellavista Resources has traded as high as 30¢, up 50 per cent on its 20¢ issue price after raising $6.5 million in a heavily oversubscribed initial public offering. The IPO was backed by Capricorn Metals executive chairman Mark Clark, chief executive Kim Massey, Bellevue Gold managing director Steve Parsons and former Alita Resources boss Mark Calderwood. The company holds the Edmund project in the Upper Gascoyne, 130km south-west of Newman, with its exploration efforts set to target four areas spanning a 130km-long corridor.

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