Key News Overnight: An inflation report in the coming week will test the strength of the record-setting U.S. stocks rally and provide a crucial piece of data that could factor into the Federal Reserve’s plans for rate cuts. In this issue: Sovereign Metals (SVM) | December 2024 update | SPEC BUY | Analyst | George RossRead more
Sovereign Metals’ (SVM) studies and tests continue to generate positive results. Recent thermal tests have proven Kasiya’s graphite is suitable for use in the traditional refractory sector. Practical mining field trials indicate Kasiya could be mined using either traditional free-dig or hydraulic mining styles. Anode tests on coated spherical graphite derived from Kasiya generated highRead more
Key News Overnight: U.S. stocks ended lower on Thursday, with UnitedHealth down sharply and technology shares easing as investors awaited Friday’s jobs report. The S&P 500 technology index (.SPLRCT), fell 0.2% after hitting a record closing high on Wednesday, when all three major U.S. stock indexes also notched closing highs. In this issue: NexGen Energy (NXG)Read more
NexGen Energy (ASX:NXG, TSX:NXE, NYSE:NXE) has locked in its first set of uranium sales contracts with US utilities. This news signals an a shift towards readying both the Company and Rook I project for full development. Following completion of final Federal technical review by the Canadian Nuclear Safety Commission (“CNSC”) in November, Argonaut expects theRead more
RMS has increased its equity stake in Spartan Resources (SPR AU, SPEC BUY, A$1.80 Price Target) to 19.9% by participating in SPR’s recent share placement. The investment in SPR is now valued at A$400m and accounts for ~14% of our valuation for RMS. The expansion study for Mt Magnet, which will include a larger openRead more
Argonaut recently completed a site visit to DVP’s Woodlawn project where pre-production activities are progressing well, targeting commissioning in the 4QFY25. DVP has built a strong onsite operational team to execute the Woodlawn Restart and work underway at the plant should significantly de-risk the commissioning period for DVP. We reiterate our A$4.50 price target, howeverRead more
CTI has organic and inorganic growth options aided by a balance sheet underpinned by a large, well located property portfolio. The latter largely supports the share price, while the well-managed operating businesses provide valuation upside. BUY maintained on an upgraded valuation of $2.85 (prior $2.75). To access the full report please log in under theRead more
PMT has confirmed that battery grade Lithium Hydroxide can be produced from a sample of CV Pegmatite spodumene. The test work converted CV5 ore to a 6.2% Li2O spodumene concentrate using a simple DMS process flowsheet. Confirming battery-grade Lithium Hydroxide Monohydrate is a key de-risking event for PMT and should enable discussions with potential strategicRead more
The repayment of the gold loan is an important final balance sheet de-risking event for CYL. Delivering on its three-year growth targets is well underway with development of Plutonic East progressing to plan, with production set to commence in early 2025. Our production forecasts for CYL sit at the bottom of the guidance ranges recentlyRead more
Key News Overnight: All three major U.S. stock indexes scored record closing highs on Wednesday as technology shares rallied after upbeat results from Salesforce and as comments by Federal Reserve Chair Jerome Powell gave a late boost to the market. In this issue: Westgold Resources (WGX ASX/TSX) | Bluebird-South Junction reserves double | BUY | AnalystRead more
