Latest news with #lithium
Globe and Mail
4 hours ago
- Business
- Globe and Mail
Chevron Is Following ExxonMobil by Entering the Lithium Sector
Oil giants Chevron (NYSE: CVX) and ExxonMobil (NYSE: XOM) can read the writing on the wall: They can see that fossil fuels will eventually go extinct. That's leading these energy giants to invest in expanding into lower-carbon energy. One area both oil stocks are expanding into is lithium, a key ingredient for making batteries for electric vehicles (EVs). Exxon entered the sector in 2023 by acquiring land in Arkansas' Smackover Formation, which is rich in lithium brine. Chevron is now following in Exxon's footsteps by acquiring land in the region to produce lithium. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » Drilling for lithium Chevron has signed two deals to buy leasehold acreage related to the Smackover Formation. It's buying 125,000 net acres across Northeast Texas and Southwest Arkansas from two sellers. The energy company noted that the Smackover Formation underneath this land has high lithium content. The land acquisitions mark Chevron's first step toward establishing a commercial-scale U.S. lithium business. The energy company would utilize a direct lithium extraction (DLE) process to develop the acreage. DLE is a set of advanced technologies that extract lithium from brines produced from subsurface formations like the Smackover. While Chevron doesn't have experience producing lithium, the DLE process would enable the company to leverage its subsurface, drilling, and resource extraction capabilities and strengths. That makes lithium production a strong strategic fit for oil companies like Chevron and Exxon. Following Exxon's blueprint Chevron's move into the Smackover follows Exxon's prior entry into the lithium supply sector. In 2023, the oil giant reportedly paid around $100 million for more than 120,000 total acres in Arkansas above the Smackover Formation. Exxon drilled its first well in the region that year and aims to begin commercially producing lithium by 2027. It set a bold goal of producing enough lithium by 2030 to supply the auto industry with the metal to meet the manufacturing needs of over 1 million EVs per year. That would make it one of the world's top producers in a very short period. Exxon has already started signing lithium supply deals with potential customers for its branded product, Mobil Lithium. Last year, it inked a nonbinding agreement with battery parts maker LG Chem to potentially supply 100,000 metric tons of lithium carbonate over several years. LG Chem would use it at its cathode plant in Tennessee, which it expects to complete this year. The oil giant is also looking into other potential lithium projects worldwide. It's reportedly working with oilfield services giant SLB on potential lithium investment opportunities in Chile. An all-of-the-above approach Energy giants Chevron and Exxon are taking methodical approaches to the transition to lower-carbon energy. Both companies continue investing heavily in oil and gas to meet the world's near-term needs for fossil fuels. For example, Exxon is investing $140 billion in major projects and in developing the Permian basin through 2030. This investment level will add 1.2 million oil-equivalent barrels per day (BOE/d) to its output, which it expects will reach 5.4 million BOE/d by 2030. However, the energy companies are also steadily ramping up their investments in lower-carbon energy. They're taking a broad approach by investing in industries adjacent to the fossil fuel sector, such as hydrogen, biofuels, carbon capture and storage, and lithium. Exxon aims to invest up to $30 billion into lower carbon energy opportunities through 2030, while Chevron is currently allocating about 10% of its $15 billion annual capex budget to lower carbon energy opportunities. The oil companies want to methodically build profitable lower-carbon energy businesses that generate high investment returns to complement their oil and gas operations. Building the future of energy Chevron and Exxon know that the world wants to switch to lower-carbon energy sources. That's leading the energy giants to expand into new areas like lithium. They want to leverage their extensive expertise to build profitable businesses that can grow shareholder value over the long term. It's a smart approach that could pay off for investors in the future. Should you invest $1,000 in Chevron right now? Before you buy stock in Chevron, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Chevron wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $659,171!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $891,722!* Now, it's worth noting Stock Advisor 's total average return is995% — a market-crushing outperformance compared to172%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of June 9, 2025
Yahoo
4 hours ago
- Business
- Yahoo
Canter Resources to Attend Fastmarkets Lithium Supply & Battery Raw Materials Conference in Las Vegas
Vancouver, British Columbia--(Newsfile Corp. - June 20, 2025) - Canter Resources Corp. (CSE: CRC) (OTC Pink: CNRCF) (FSE: 6O1) ("Canter" or the "Company"), a U.S.-focused critical mineral exploration company, is pleased to announce that its management team will be attending the Fastmarkets Lithium Supply & Battery Raw Materials Conference, taking place June 23-26, 2025, at the Red Rock Casino Resort in Las Vegas, Nevada. The Fastmarkets conference is recognized as the industry's largest and most influential gathering for the global lithium and battery materials sector, bringing together over 1,300 delegates from 550 companies across 40 countries. The event provides a premier platform for industry leaders to discuss critical issues, innovations, and market trends shaping the future of battery raw materials supply chains. Canter's Nevada portfolio is well positioned within the key districts within the state, with significant momentum building around Nevada emerging as an important hub for securing domestic supply chain independence for lithium and other critical minerals. Government support continues to increase through the Department of Energy, Department of Defense and EXIM bank, as demonstrated by the significant funding initiatives taking place in the region. The Company looks forward to advancing its strategic partner and M&A discussions at the Conference, and engaging with peers, investors, and stakeholders to share insights on sustainable exploration, Direct Lithium Extraction developments and the evolving regulatory landscape. For those attending the conference who would like to schedule a meeting with Canter's management team, please contact info@ About Canter Resources Corp. Canter Resources Corp. is a junior mineral exploration company advancing the Columbus Lithium-Boron Project and the Railroad Valley (RV) Lithium-Boron Project in Nevada, USA. The Company is completing a phased drilling approach at Columbus to test highly prospective brine targets at varying depths for lithium-boron enrichment and plans to leverage the Company's critical metals targeting database to generate a portfolio of high-quality projects with the aim of defining mineral resources that support the technology and domestic clean energy supply chains in North America. On behalf of the Board of Directors. For further information, contact: Joness LangChief Executive Officer Canter Resources Corp. Tel: 778.382.1193jlang@ For investor inquiries contact: Kristina Pillon, High Tide Consulting 604.908.1695investors@ The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release. The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this news release. FORWARD-LOOKING STATEMENTS This news release contains "forward-looking statements" within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking statements. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved". The forward-looking information and forward-looking statements contained herein include, but are not limited to, statements regarding the Company's plans for the Project and the payments related thereto, the issuance of the Consideration Shares and the Company's expected exploration activities. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: requirements for additional capital; future prices of minerals; changes in general economic conditions; changes in the financial markets and in the demand and market price for commodities; other risks of the mining industry; the inability to obtain any necessary governmental and regulatory approvals; changes in laws, regulations and policies affecting mining operations; hedging practices; and currency fluctuations. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on any forward-looking statements or information. No forward-looking statement can be guaranteed. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and the Company does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise. To view the source version of this press release, please visit
Yahoo
11 hours ago
- Business
- Yahoo
Europe's lithium quest hampered by China and lack of cash
Europe's ambition to be a world player in decarbonised transportation arguably depends on sourcing lithium abroad, especially in South America. Even the bloc's broader energy security and climate goals could depend on securing a steady supply of the key mineral, used in batteries and other clean energy supply chains. But Europe has run into a trio of obstacles: lack of money, double-edged regulations and competition from China, analysts told AFP. China has a major head start. It currently produces more than three-quarters of batteries sold worldwide, refines 70 percent of raw lithium and is the world's third-largest extractor behind Australia and Chile, according to 2024 data from the United States Geological Survey. To gain a foothold, Europe has developed a regulatory framework that emphasises environmental preservation, quality job creation and cooperation with local communities. It has also signed bilateral agreements with about 15 countries, including Chile and Argentina, the world's fifth-largest lithium producer. But too often it fails to deliver when it comes to investment, say experts. "I see a lot of memoranda of understanding, but there is a lack of action," Julia Poliscanova, director of electric vehicles at the Transport and Environment (T&E) think tank, told AFP. "More than once, on the day that we signed another MoU, the Chinese were buying an entire mine in the same country." The investment gap is huge: China spent $6 billion on lithium projects abroad from 2020 to 2023, while Europe barely coughed up a billion dollars over the same period, according to data compiled by T&E. - Lagging investment - At the same time, the bottleneck in supply has tightened: last year saw a 30 percent increase in global demand for lithium, according to a recent report from the International Energy Agency (IEA). "To secure the supply of raw materials, China is actively investing in mines abroad through state-owned companies with political support from the government," the IEA noted. China's Belt and Road Initiative funnelled $21.4 billion into mining beyond its shores in 2024, according to the report. Europe, meanwhile, is "lagging behind in investment levels in these areas", said Sebastian Galarza, founder of the Centre for Sustainable Mobility in Santiago, Chile. "The lack of a clear path for developing Europe's battery and mining industries means that gap will be filled by other actors." In Africa, for example, Chinese demand has propelled Zimbabwe to become the fourth-largest lithium producer in the world. "The Chinese let their money do the talking," said Theo Acheampong, an analyst at the European Council on Foreign Relations. By 2035, all new cars and vans sold in the European Union must produce zero carbon emissions, and EU leaders and industry would like as much as possible of that market share to be sourced locally. Last year, just over 20 percent of new vehicles sold in the bloc were electric. "Currently, only four percent of Chile's lithium goes to Europe," noted Stefan Debruyne, director of external affairs at Chilean private mining company SQM. "The EU has every opportunity to increase its share of the battery industry." - Shifting supply chains - But Europe's plans to build dozens of battery factories have been hampered by fluctuating consumer demand and competition from Japan (Panasonic), South Korea (LG Energy Solution, Samsung) and, above all, China (CATL, BYD). The key to locking down long-term lithium supply is closer ties in the so-called "lithium triangle" formed by Chile, Argentina and Bolivia, which account for nearly half of the world's reserves, analysts say. To encourage cooperation with these countries, European actors have proposed development pathways that would help establish electric battery production in Latin America. Draft EU regulations would allow Latin America to "reconcile local development with the export of these raw materials, and not fall into a purely extractive cycle", said Juan Vazquez, deputy head for Latin America and the Caribbean at the OECD Development Centre. But it is still unclear whether helping exporting countries develop complete supply chains makes economic sense, or will ultimately tilt in Europe's favour. "What interest do you have as a company in setting up in Chile to produce cathodes, batteries or more sophisticated materials if you don't have a local or regional market to supply?" said Galarza. "Why not just take the lithium, refine it and do everything in China and send the battery back to us?" Pointing to the automotive tradition in Mexico, Brazil and Argentina, Galarza suggested an answer. "We must push quickly towards the electrification of transport in the region so we can share in the benefits of the energy transition," he argued. But the road ahead looks long. Electric vehicles were only two percent of new car sales in Mexico and Chile last year, six percent in Brazil and seven percent in Colombia, according to the IEA. The small nation of Costa Rica stood out as the only nation in the region where EVs hit double digits, at 15 percent of new car sales. avl/mh/np/jxb/sco
News.com.au
12 hours ago
- Business
- News.com.au
Monsters of Rock: The shape of the lithium recovery, plus copper investments ramp up Down Under
Lithium prices remain subdued, but demand continues to rise Could deficit send spodumene prices back to US$1500/t next year? Copper investments ramp up as ASX options dry up Lithium prices remain very sick indeed, with lithium carbonate barely trading above US$8000/t and spodumene concentrate, the kind of product shipped to China by WA's hard rock miners, down around US$612.50/t, according to Fastmarkets. Few miners make enough cash at those prices to generate a profit, certainly not once capital costs are accounted for. June quarterlies will make for curious reading. There's more negativity on the supply side with the entry of Chevron into the Smackover Formation, a potential oil field brine source of lithium all the energy supermajors are keen on as they look to hedge their oil and gas businesses with exposure to 'new energy'. At the same time demand is still surging. China's Ministry of Industry and Information Technology reported a 68% lift in lithium ion battery output in the first four months of 2025 to 473GWh, with export values up 25% to US$21.6bn. With demand for lithium continuing to grow, a modest deficit could emerge soon, some analysts say. "Spot spodumene prices have continued to decline and we have lowered our near-term price outlook to reflect this. We believe a price recovery is likely to be rapid once the market swings to a modest deficit, but the cycle is likely to be shorter given the volume of brownfield capacity that can be brought on-line, largely in Australia," Argonaut head of research Hayden Bairstow said in a note to clients. "We now expect spot spodumene prices to peak at US$1500/t in late 2026, which is likely to trigger a re-start of existing capacity. A return to a balanced market is then forecast for 2027 before the widening deficit pushes prices higher in the long-term. The changes have driven material cuts to earnings for the spodumene miners. We retain our positive view on the sector, with most stocks factoring in weaker spot prices for longer." Argonaut has buy labels on Pilbara Minerals (ASX:PLS), IGO (ASX:IGO) and Liontown Resources (ASX:LTR), with spec buys on Core Lithium (ASX:CXO), Wildcat Resources (ASX:WC8) and Patriot Battery Metals (ASX:PMT), the latter upgraded from a hold in the most recent update. Watch this space. Aussie copper investments accelerate ASX copper investors are facing a conundrum with more and more options taken off the table and heading overseas. Those that do remain in Aussie hands are trying to ramp up as many investments as they can to hit some sort of critical mass. On the outta here list are New World Resources (ASX:NWC) and MAC Copper (ASX:MAC), though there is at least some intrigue emerging at the former. While MAC Copper is yet to pull in competition to Harmony Gold's $1.6bn bid for it and the CSA copper mine in Cobar. But PE firm Kinterra Capital has emerged as a potential challenger to NWC's takever by Central Asia Metals. The bid from CAML was ratcheted up from 5c to 5.3c, lifting its consideration from $185m to $197m, with CAML also making a $10m placement at 5.3c (~5% of NWC) to meet bonding requirements on a quicker than expected Arizona state permitting timeframe for its Antler mine in the US state, as long as no competing proposal is lodged before COB on July 4. Kinterra, which recently emerged with a ~12% stake in NWC, has taken its grievance over the placement to the Takeovers Panel, which has yet to make any interim orders. Meanwhile, capital is being splurged from the top to the bottom of the mining sector on the critical mineral, expected to play a major role in the expansion of green energy and modern technologies. BHP (ASX:BHP) this week announced plans to spend $1.5bn in an arrangement with logistics provider Aurizon Holdings (ASX:AZJ), which will see much of its haulage of copper concentrate, cathode and inbound freight shift from road to rail haulage between Pimba and Port Hedland. Rail's a lot more efficient, creating cost savings as BHP looks to nearly double the scale of its SA copper business, including Olympic Dam, Carrapateena and Prominent Hill by the mid 2030s to 500,000tpa. The mining giant says 13m kilometres of truck movements will be taken off SA's regional roads annually, or 11,000 total truck movements. At a far smaller scale, AIC Mines (ASX:A1M) in Queensland has announced a $55m placement and US$40m prepayment facility ($61m) with Trafigura, which will be used to complete a $77.6m plant expansion led by GR Engineering Services (ASX:GNG) for its Eloise copper mine. The development will grow the Eloise plant from 725,000tpa to 1.1Mtpa to increase its production capacity from ~12,500tpa of copper to 20,000tpa after commissioning in the December 2026 quarter. It will also include the installation of oversized equipment, enabling the company to ramp up to a processing rate of 1.5Mtpa in the future. This all comes as the Queensland government mulls the future of the nearby Mt Isa copper complex, with the underground mine owned by Glencore set to close in the coming month and work now going on both behind and in front of the scene to keep the smelter that is the lifeblood of the town – known as Stack City for its iconic candy striped smoke stack – open up to and beyond its planned closure date in 2030. The ASX 300 Metals and Mining index fell -4.36% over the past week. Which ASX 300 Resources stocks have impressed and depressed? Making gains Capricorn Metals (ASX:CMM) (gold) +11.2% IperionX (ASX:IPX) (titanium) +9.2% Adriatic Metals (ASX:ADT) (silver) +8.6% Newmont Corporation (ASX:NEM) (gold) +7.9% Eating losses Patriot Battery Metals (ASX:PMT) (lithium) -17.9% ioneer (ASX:INR) (lithium) -16.5% Coronado Global Resources (ASX:CRN) (coal) -16.7% Vulcan Steel (ASX:VSL) (steel) -14.8%
News.com.au
18 hours ago
- Business
- News.com.au
High Voltage: Chevron jumps on the DLE bandwagon in the USA
Our High Voltage column wraps all the news driving ASX stocks with exposure to lithium, cobalt, graphite, nickel, rare earths, and vanadium. Chevron has jumped on the direct lithium extraction bandwagon in the USA's Smackover Formation in Texas and Arkansas, picking up two leasehold acreage positions comprising ~125,000 net acres in the lithium-brine rich region. The oil major joins the likes of ExxonMobil who are looking to extract battery grade lithium from brines, leveraging its experience in subsurface, drilling, and resource extraction into Direct Lithium Extraction (DLE). The tech has similarities to conventional oil production, and instead of relying on traditional evaporation methods, extracts lithium from the brine and injects the remaining water back into the reservoir. It's also faster and has a smaller environmental footprint than evaporation ponds. 'This acquisition represents a strategic investment to support energy manufacturing and expand U.S.-based critical mineral supplies,' said Jeff Gustavson, president of Chevron New Energies president Jeff Gustavson said. 'Establishing domestic and resilient lithium supply chains is essential not only to maintaining U.S. energy leadership but also to meeting the growing demand from customers. 'This opportunity builds on many of Chevron's strengths including subsurface resource development and value chain integration.' Here's what Chevron envisages the process will look like. Cute. ASX listed US lithium hopefuls Anson Resources (ASX:ASN) Anson was an early mover in the movement to extract lithium rich brines from oil and gas reservoirs with its Paradox lithium project in Southern Utah. Boasting a +1Mt lithium carbonate equivalent resource, the company has moved to expand its footprint via the Green River lithium project in Utah, where Anson just announced a resource estimate or 103,000t, including 19,000t in the indicated category. The resource is based on drilling of the Bosydaba #1 well, which only represents around 24% of the property area, leaving room for significant exploration upside. Recent testwork also showed a >99% average rejection rate of impurities including sodium, calcium, magnesium and potassium. Rejecting more than 99% of impurities paves the way for a higher purity lithium carbonate product for use in electric vehicle batteries, which translates to low purification costs. US industrial giant Koch was brought on board for that industry leading pilot program. Over at Paradox, Anson recently received approval from the US Department of the Interior, Bureau of Land Management to begin western expansion resource drilling, with the plan to enter the Mineral Canyon Fed 1-3 and Sunburst 1 wells. The wells are located approximately 1km from historic lithium-rich assayed brines previously sampled from several historic oil and gas wells in the 'Big Flat' area. Jindalee Lithium (ASX:JLL) Jindalee owns the McDermitt Lithium Project in Oregon, which earlier this year was placed on the FAST-41 list by the Trump Administration. Listed as a Transparency Project on the register after an April 18 executive order from President Donald Trump, the listing could lead to faster permitting for the project, one of 10 identified by the US Government as its first wave of critical minerals projects supported by a previous March 20 exec order to increase domestic mineral production. The project, located near the site of America's first new lithium mine to hit FID in years, Thacker Pass, hosts an ore reserve of 251Mt at 1751ppm for 2.34Mt of lithium carbonate equivalent material. A PFS last year suggested it would produce 47,500tpa of lithium carbonate in the first 10 years of the 40 year operation at a C1 unit cost of US$8080/t. The company's Exploration Plan of Operations (EPO) is currently in the final stages of National Environmental Policy Act (NEPA) review with an Environmental Assessment recently published for public comment. Chariot Corporation (ASX:CC9) Chariot has stakes in both hard rock and clay-hosted lithium assets in Wyoming, Nevada and Oregon. The company is focused on its Black Mountain project, where it is exploring for a large-scale resource and testing the viability of a pilot mine. It also holds the Resurgent project in Nevada, a claystone project in the style of Thacker Pass and McDermitt. The Black Mountain pilot's proposed modular plant design would reduce upfront costs, offer flexibility to scale up rapidly, and provide short-term cash flow. A second phase RC drilling program kicked off back in November with the objective of defining a small-scale lithium resource that may support the establishment of the pilot mine. ioneer (ASX:INR) INR owns the Rhyolite Ridge lithium-boron project in Nevada and secured approval from the US Bureau of Land Management on the Final Environmental Impact Statement (EIS) last year, marking the final hurdle in the federal permitting process. In a record-setting deal for an Australian company, ioneer received a $US996m ($1.6b) 20-year loan from the US Department of Energy to develop an on-site processing facility at the project. The company lifted resources at the asset by 45% in March to 510Mt containing 3.97Mt of lithium carbonate equivalent and 14.66Mt of boric acid equivalent. If it can be developed ahead of Thacker Pass it would be the first new lithium mine in the US in almost 60 years and the first new boron mine in almost 100. INR also recently announced a ~US$16 Million (~A$25 Million) placement at 10 cents per share (Aussie) to complete a strategic partnering process and move on to a final investment decision for the project. Battery Metals Winners and Losers Here's how a basket of ASX stocks with exposure to lithium, cobalt, graphite, nickel, rare earths, magnesium, manganese and vanadium is performing >>> Code Company Price % Week % Month % Six Month % Year Market Cap XTC XTC Lithium Limited 0.2 19900% 19900% 19900% 19900% $17,528,272 ADD Adavale Resource Ltd 0.002 100% 33% 0% -60% $4,574,558 PVT Pivotal Metals Ltd 0.012 71% 71% 50% -29% $10,886,711 VR8 Vanadium Resources 0.021 62% 50% -30% -67% $11,850,129 SRL Sunrise 0.745 51% 64% 239% 91% $77,144,511 IXR Ionic Rare Earths 0.012 50% 50% 100% 9% $63,209,109 ENT Enterprise Metals 0.003 50% 50% -25% -25% $2,953,293 LU7 Lithium Universe Ltd 0.009 50% 80% 0% -40% $7,859,796 YAR Yari Minerals Ltd 0.013 44% 86% 333% 225% $7,211,249 GCM Green Critical Min 0.025 43% 79% 317% 733% $61,360,707 DTM Dart Mining NL 0.004 33% 0% -60% -78% $3,594,167 MTM MTM Critical Metals 0.665 30% 171% 343% 1915% $311,733,850 LOT Lotus Resources Ltd 0.2025 27% 13% 9% -45% $485,793,226 EVR Ev Resources Ltd 0.0075 25% 50% 275% 49% $11,915,020 BCA Black Canyon Limited 0.1 25% 69% 52% 11% $12,446,467 A11 Atlantic Lithium 0.15 25% 11% -43% -62% $107,437,834 EUR European Lithium Ltd 0.051 24% -2% 46% -2% $92,491,614 WSR Westar Resources 0.006 20% 20% -14% -33% $1,993,624 ATM Aneka Tambang 0.995 20% 2% 6% -7% $1,297,131 KAI Kairos Minerals Ltd 0.031 19% 11% 138% 244% $81,558,278 CNB Carnaby Resource Ltd 0.37 17% 19% 4% -27% $86,787,766 ESR Estrella Res Ltd 0.052 17% 37% 154% 1056% $106,701,757 REE Rarex Limited 0.021 17% -13% 133% 50% $19,323,444 AX8 Accelerate Resources 0.007 17% -22% 0% -84% $5,580,321 M24 Mamba Exploration 0.014 17% 0% 17% -18% $4,132,319 OM1 Omnia Metals Group 0.014 17% 56% -82% -82% $2,822,192 SRI Sipa Resources Ltd 0.015 15% 25% 7% 0% $6,245,975 RAS Ragusa Minerals Ltd 0.015 15% -12% 25% -17% $1,996,383 GBR Greatbould Resources 0.071 15% 4% 58% 15% $54,775,639 VRC Volt Resources Ltd 0.0045 13% -10% 13% -10% $23,423,890 SGQ St George Min Ltd 0.0315 13% 21% 26% 21% $85,530,318 LML Lincoln Minerals 0.0045 13% 13% -18% -25% $8,410,279 LCY Legacy Iron Ore 0.009 13% 0% 13% -33% $87,858,383 HAW Hawthorn Resources 0.055 12% 0% 34% -21% $18,425,859 BUR Burleyminerals 0.046 12% -12% -24% -56% $8,333,696 JLL Jindalee Lithium Ltd 0.425 12% -11% 107% 32% $31,768,445 ITM Itech Minerals Ltd 0.03 11% -14% -41% -52% $5,295,897 LYC Lynas Rare Earths 9.46 10% 23% 44% 57% $8,933,517,628 E25 Element 25 Ltd 0.23 10% 7% -13% -6% $51,437,790 CHN Chalice Mining Ltd 1.585 9% 40% 42% 17% $601,046,387 DLI Delta Lithium 0.185 9% -10% 9% -16% $136,142,940 NWC New World Resources 0.052 8% 73% 174% 63% $185,810,650 IPT Impact Minerals 0.0065 8% 8% -31% -60% $25,709,645 G88 Golden Mile Res Ltd 0.013 8% -7% 44% 18% $7,075,222 L1M Lightning Minerals 0.065 8% 7% -10% -6% $7,026,326 EV1 Evolutionenergy 0.014 8% 40% -42% -58% $5,077,107 TLG Talga Group Ltd 0.43 8% -9% -1% -24% $200,020,931 PSC Prospect Res Ltd 0.16 7% 14% 88% 7% $115,327,180 REC Rechargemetals 0.016 7% 7% -16% -54% $3,854,850 PGD Peregrine Gold 0.165 6% 14% 32% -20% $13,575,639 STM Sunstone Metals Ltd 0.017 6% 31% 183% 70% $103,070,554 DVP Develop Global Ltd 4.805 6% 31% 114% 115% $1,325,284,105 FBM Future Battery 0.019 6% -5% 0% -49% $13,463,221 TKM Trek Metals Ltd 0.077 5% 28% 250% 157% $45,177,660 LPM Lithium Plus 0.064 5% 7% -30% -61% $8,501,760 RAG Ragnar Metals Ltd 0.022 5% 22% 10% 29% $9,479,720 IPX Iperionx Limited 4.45 5% 39% -3% 123% $1,461,757,426 MHC Manhattan Corp Ltd 0.023 5% 5% 5% -31% $5,402,675 BC8 Black Cat Syndicate 0.8675 5% 6% 43% 234% $633,214,718 DRE Dreadnought Resources Ltd 0.0125 4% -4% 25% -40% $60,954,000 TOR Torque Met 0.13 4% 35% 160% -13% $64,854,956 IG6 Internationalgraphit 0.054 4% 6% 20% -31% $9,484,358 PFE Pantera Lithium 0.0135 4% 4% -25% -63% $6,396,080 PEK Peak Rare Earths Ltd 0.28 4% 0% 166% 56% $98,592,651 PEK Peak Rare Earths Ltd 0.28 4% 0% 166% 56% $98,592,651 GL1 Globallith 0.15 3% -9% -17% -47% $36,642,497 EMC Everest Metals Corp 0.15 3% 0% 11% 20% $33,619,688 COB Cobalt Blue Ltd 0.061 3% 9% -12% -20% $26,245,492 NTU Northern Min Ltd 0.031 3% 15% 48% -11% $267,428,986 EG1 Evergreenlithium 0.031 3% -14% -56% -39% $6,806,927 TVN Tivan Limited 0.099 3% -6% 14% 43% $217,121,138 OCN Oceanalithiumlimited 0.068 3% 106% 172% 71% $11,455,850 FRS Forrestaniaresources 0.072 3% 16% 454% 38% $22,668,137 PNN Power Minerals Ltd 0.06 3% 0% -34% -48% $7,387,039 JMS Jupiter Mines. 0.2 3% 8% 48% -33% $392,208,352 KZR Kalamazoo Resources 0.088 2% -3% 10% 6% $19,306,629 CWX Carawine Resources 0.095 2% -5% -2% -5% $22,431,918 BM8 Battery Age Minerals 0.055 2% 4% -48% -67% $6,704,050 MLX Metals X Limited 0.56 2% 4% 40% 44% $514,107,092 RNU Renascor Res Ltd 0.06 2% -24% 7% -29% $155,130,046 ARN Aldoro Resources 0.31 2% -3% 3% 370% $56,386,965 BNR Bulletin Res Ltd 0.062 2% -17% 63% 59% $18,204,026 ARU Arafura Rare Earths 0.1675 2% -7% 46% 2% $418,935,877 FTL Firetail Resources 0.08 1% 33% -2% 3% $30,782,266 RXL Rox Resources 0.2875 1% -3% 60% 113% $212,438,162 WA1 Wa1Resourcesltd 14.61 0% 9% 7% -10% $988,650,330 PVW PVW Res Ltd 0.012 0% -8% -25% -48% $2,386,857 FLG Flagship Min Ltd 0.049 0% -39% -11% -69% $10,960,159 QXR Qx Resources Limited 0.003 0% -25% -25% -63% $3,930,987 RIL Redivium Limited 0.004 0% 0% 0% 33% $13,609,422 LPD Lepidico Ltd 0.002 0% 0% 0% -33% $17,178,371 MRD Mount Ridley Mines 0.002 0% 0% -33% -80% $1,556,978 CZN Corazon Ltd 0.002 0% 0% 0% -67% $2,369,145 MAN Mandrake Res Ltd 0.019 0% 6% -14% -41% $11,917,938 RLC Reedy Lagoon Corp. 0.0015 0% 0% -25% -50% $1,165,060 STK Strickland Metals 0.135 0% 17% 59% 23% $305,418,573 CLA Celsius Resource Ltd 0.007 0% 17% -30% -36% $21,948,419 MNS Magnis Energy Tech 0.042 0% 0% 0% 0% $50,378,922 BKT Black Rock Mining 0.028 0% 0% -18% -46% $38,205,437 SBR Sabre Resources 0.009 0% 13% -10% -47% $3,550,157 ADV Ardiden Ltd 0.145 0% 0% 7% 7% $9,377,626 AAJ Aruma Resources Ltd 0.01 0% 0% -17% -38% $2,775,727 JRV Jervois Global Ltd 0.011 0% 0% -8% -39% $29,730,402 VML Vital Metals Limited 0.002 0% 0% 0% -43% $11,790,134 CHR Charger Metals 0.042 0% -16% -33% -40% $3,329,071 ALY Alchemy Resource Ltd 0.005 0% -17% -29% -38% $5,890,381 LEL Lithenergy 0.37 0% 0% 0% -4% $41,440,581 MRC Mineral Commodities 0.026 0% 0% 0% 18% $25,596,288 MOH Moho Resources 0.004 0% -43% -11% 14% $2,981,656 WKT Walkabout Resources 0.095 0% 0% 0% -17% $63,769,838 CNJ Conico Ltd 0.007 0% 0% -42% -30% $1,905,017 BOA BOA Resources Ltd 0.02 0% 5% 0% -5% $2,467,057 SLZ Sultan Resources Ltd 0.005 0% -29% -17% -50% $1,157,350 MQR Marquee Resource Ltd 0.009 0% 13% -40% -25% $5,024,723 EFE Eastern Resources 0.031 0% 15% -6% -48% $3,656,608 EMS Eastern Metals 0.01 0% 0% 0% -67% $1,394,262 FG1 Flynngold 0.033 0% 38% 18% 43% $12,913,444 GSM Golden State Mining 0.007 0% -22% -13% -26% $1,955,594 OB1 Orbminco Limited 0.001 0% 0% -40% -60% $3,197,568 LMG Latrobe Magnesium 0.009 0% -31% -57% -80% $24,952,605 KOR Korab Resources 0.008 0% 0% 0% 33% $2,936,400 CMX Chemxmaterials 0.026 0% 0% 0% -50% $3,354,580 NC1 Nicoresourceslimited 0.1 0% 33% 11% -23% $11,110,552 GRE Greentechmetals 0.043 0% -10% -41% -71% $4,485,699 CMO Cosmometalslimited 0.016 0% 0% 13% -59% $5,154,170 OMH OM Holdings Limited 0.3 0% -12% -18% -31% $222,214,472 CRR Critical Resources 0.0035 0% 0% -30% -61% $9,149,774 SCN Scorpion Minerals 0.019 0% 6% 46% 19% $9,957,068 RBX Resource B 0.025 0% -11% -31% -29% $2,879,612 AKN Auking Mining Ltd 0.008 0% 14% 60% -62% $4,598,230 RR1 Reach Resources Ltd 0.008 0% -27% 14% -53% $6,995,451 EMT Emetals Limited 0.003 0% 0% -40% -40% $2,550,000 AVW Avira Resources Ltd 0.007 0% 0% -65% -65% $1,610,000 NWM Norwest Minerals 0.013 0% 30% -24% -39% $11,620,303 ASO Aston Minerals Ltd 0.022 0% 29% 144% 69% $28,491,414 THR Thor Energy PLC 0.01 0% 0% -17% -38% $7,107,898 ODE Odessa Minerals Ltd 0.006 0% 20% 0% 100% $9,597,195 LNR Lanthanein Resources 0.001 0% -33% -67% -71% $4,215,272 CLZ Classic Min Ltd 0.001 0% 0% 0% -67% $2,790,942 OD6 Od6Metalsltd 0.026 0% 4% -13% -47% $4,172,167 ETM Energy Transition 0.047 0% -2% 38% 88% $69,813,391 M2R Miramar 0.003 0% 0% -25% -65% $2,990,470 TAR Taruga Minerals 0.009 0% 0% -10% 29% $6,423,787 RR1 Reach Resources Ltd 0.008 0% -27% 14% -53% $6,995,451 AOA Ausmon Resorces 0.002 0% 33% 0% -33% $2,622,427 DM1 Desert Metals 0.022 0% 16% -4% 0% $9,288,018 LNR Lanthanein Resources 0.001 0% -33% -67% -71% $4,215,272 KNI Kunikolimited 0.12 0% -17% -40% -27% $10,430,912 LLM Loyal Metals Ltd 0.13 0% 53% 30% -33% $13,095,298 LLL Leolithiumlimited 0.332997 0% 0% 0% 0% $401,204,047 SRN Surefire Rescs NL 0.0015 0% -40% -55% -78% $3,729,668 SLM Solismineralsltd 0.091 0% 15% 25% -4% $11,812,221 ASR Asra Minerals Ltd 0.002 0% -20% -33% -50% $7,983,396 NIC Nickel Industries 0.7075 -1% 7% -14% -16% $3,124,753,830 VTM Victory Metals Ltd 0.815 -1% -12% 99% 196% $94,168,554 FRB Firebird Metals 0.078 -1% 4% -10% -55% $11,104,189 IDA Indiana Resources 0.076 -1% -4% 27% 74% $49,490,399 NVA Nova Minerals Ltd 0.35 -1% 8% 27% 75% $114,664,083 1AE Auroraenergymetals 0.059 -2% -24% 28% -8% $10,743,824 PTR Petratherm Ltd 0.285 -2% 0% -2% 1681% $98,500,209 ARL Ardea Resources Ltd 0.395 -2% -1% 20% -23% $84,165,166 KFM Kingfisher Mining 0.05 -2% 0% 22% -21% $2,470,890 MHK Metalhawk. 0.485 -2% 3% 73% 833% $53,522,728 CXO Core Lithium 0.089 -2% -10% 9% -1% $195,014,415 ILU Iluka Resources 3.685 -2% -10% -28% -42% $1,619,825,940 NVX Novonix Limited 0.405 -2% -27% -33% -40% $254,448,618 BUX Buxton Resources Ltd 0.038 -3% 9% -5% -48% $13,006,734 ZNC Zenith Minerals Ltd 0.038 -3% -17% -7% -45% $12,353,962 SYR Syrah Resources 0.2775 -3% -31% 54% -29% $270,983,652 SYR Syrah Resources 0.2775 -3% -31% 54% -29% $270,983,652 CTM Centaurus Metals Ltd 0.36 -3% -3% -3% -19% $178,812,437 KOB Kobaresourceslimited 0.035 -3% -16% -56% -75% $6,132,990 BMM Bayanminingandmin 0.034 -3% 17% -33% -39% $3,500,484 A8G Australasian Metals 0.067 -3% -3% -13% -12% $3,878,612 PLL Piedmont Lithium Inc 0.091 -3% -13% -41% -41% $51,110,378 WR1 Winsome Resources 0.135 -4% -18% -67% -83% $33,535,350 FGR First Graphene Ltd 0.026 -4% -33% -7% -52% $19,469,152 AXE Archer Materials 0.26 -4% 4% -33% -29% $66,260,223 WC8 Wildcat Resources 0.13 -4% -26% -35% -63% $181,516,739 LM1 Leeuwin Metals Ltd 0.13 -4% -7% 117% 141% $13,104,830 S32 South32 Limited 2.945 -4% -1% -13% -19% $13,431,657,421 DEV Devex Resources Ltd 0.075 -4% -10% -16% -77% $33,126,800 GW1 Greenwing Resources 0.025 -4% -17% -38% -39% $7,224,358 VMC Venus Metals Cor Ltd 0.115 -4% 10% 74% 51% $22,554,799 AZI Altamin Limited 0.023 -4% 0% 5% -35% $13,213,567 GED Golden Deeps 0.022 -4% 22% -12% -46% $3,896,765 ABX ABX Group Limited 0.041 -5% -9% 17% -18% $10,288,257 MEK Meeka Metals Limited 0.1525 -5% 22% 91% 362% $440,248,405 WC1 Westcobarmetals 0.02 -5% 25% 54% -48% $4,375,969 KNG Kingsland Minerals 0.08 -5% -24% -47% -57% $5,804,873 AVL Aust Vanadium Ltd 0.0095 -5% -21% -21% -37% $86,346,581 QPM QPM Energy Limited 0.037 -5% -14% -30% 12% $95,961,021 AUZ Australian Mines Ltd 0.009 -5% -10% -14% 13% $12,586,609 ARR American Rare Earths 0.26 -5% 4% -2% 8% $137,004,291 1MC Morella Corporation 0.017 -6% -6% -43% -73% $6,196,617 MLS Metals Australia 0.017 -6% -6% -19% -15% $12,388,232 DYM Dynamicmetalslimited 0.255 -6% -9% -4% 70% $12,516,506 ASN Anson Resources Ltd 0.047 -6% -15% -16% -53% $65,176,617 CY5 Cygnus Metals Ltd 0.094 -6% 31% -18% 81% $80,006,377 KM1 Kalimetalslimited 0.078 -6% -9% -35% -74% $6,462,102 GLN Galan Lithium Ltd 0.091 -6% -13% -21% -48% $91,007,948 LKE Lake Resources 0.029 -6% -15% -29% -42% $52,291,344 BHP BHP Group Limited 36.45 -7% -8% -9% -15% $187,101,073,782 AGY Argosy Minerals Ltd 0.014 -7% -26% -51% -84% $21,838,814 PNT Panthermetalsltd 0.014 -7% 8% 27% -31% $5,115,377 CDT Castle Minerals 0.083 -7% -2% 38% -57% $9,280,766 IGO IGO Limited 4.075 -7% -5% -19% -33% $3,119,943,390 HAS Hastings Tech Met 0.27 -7% -21% -16% 0% $50,993,856 HRE Heavy Rare Earths 0.037 -8% 23% 16% 47% $7,697,254 LTR Liontown Resources 0.66 -8% -19% 20% -35% $1,627,701,337 SMX Strata Minerals 0.012 -8% -14% -40% -52% $2,938,226 LRV Larvottoresources 0.59 -8% -11% 27% 490% $255,633,730 LIN Lindian Resources 0.115 -8% -4% 39% 5% $139,610,668 AZL Arizona Lithium Ltd 0.0055 -8% -39% -54% -74% $31,621,887 BSX Blackstone Ltd 0.088 -8% 19% 226% 96% $63,138,355 AQD Ausquest Limited 0.055 -8% 2% 511% 337% $76,524,445 KTA Krakatoa Resources 0.011 -8% 22% 10% -8% $6,821,474 VHM Vhmlimited 0.22 -8% -6% -53% -41% $55,785,389 AR3 Austrare 0.053 -9% -15% -47% -40% $11,447,318 EGR Ecograf Limited 0.3 -9% -9% 237% 122% $131,698,228 SRZ Stellar Resources 0.015 -9% -12% 0% -17% $33,276,009 WCN White Cliff Min Ltd 0.02 -9% -31% 18% 43% $50,681,109 PAT Patriot Resourcesltd 0.059 -9% -3% 16% 5% $9,601,347 S2R S2 Resources 0.068 -9% -25% 1% -35% $33,523,788 PLS Pilbara Min Ltd 1.29 -9% -17% -41% -60% $4,183,309,008 ASL Andean Silver 1.05 -9% 24% 14% 46% $168,300,180 QEM QEM Limited 0.038 -10% -31% 15% -71% $8,983,213 WIN WIN Metals 0.019 -10% -17% 0% -32% $10,451,104 LIT Livium Ltd 0.009 -10% -10% -47% -50% $15,214,564 RMX Red Mount Min Ltd 0.009 -10% 13% 0% -10% $4,184,620 MRR Minrex Resources Ltd 0.009 -10% 6% 13% -10% $9,763,808 IMI Infinitymining 0.009 -10% 0% -31% -67% $3,807,142 GRL Godolphin Resources 0.009 -10% 0% -40% -53% $4,039,860 EMH European Metals Hldg 0.17 -11% -24% 6% -39% $36,302,823 INR Ioneer Ltd 0.1025 -11% -24% -32% -29% $260,817,252 AXN Alliance Nickel Ltd 0.032 -11% -3% -18% -16% $23,226,868 PMT Patriotbatterymetals 0.235 -11% -6% -25% -64% $134,826,735 SUM Summitminerals 0.031 -11% -11% -76% -94% $2,745,858 RVT Richmond Vanadium 0.115 -12% -21% -48% -62% $24,097,161 MEI Meteoric Resources 0.115 -12% 5% 40% -32% $280,423,534 SYA Sayona Mining Ltd 0.015 -12% -6% -40% -57% $173,149,440 GAL Galileo Mining Ltd 0.11 -12% -12% 0% -52% $21,738,742 TMB Tambourahmetals 0.022 -12% -8% -8% -66% $3,235,981 NMT Neometals Ltd 0.073 -12% -9% 0% -27% $56,168,031 ENV Enova Mining Limited 0.007 -13% -13% 17% -53% $10,203,200 ANX Anax Metals Ltd 0.007 -13% -13% -36% -77% $6,179,653 MIN Mineral Resources. 22.47 -13% -15% -35% -63% $4,439,355,264 PGM Platina Resources 0.02 -13% -5% 5% -9% $12,463,607 NH3 Nh3Cleanenergyltd 0.031 -14% 15% 72% 182% $16,938,144 AS2 Askarimetalslimited 0.006 -14% -33% -54% -89% $2,425,024 LSR Lodestar Minerals 0.006 -14% -14% -63% -80% $1,910,543 RON Roninresourcesltd 0.165 -15% -18% 0% 32% $6,661,877 VUL Vulcan Energy 3.49 -15% -24% -41% -16% $785,035,632 CRI Criticalim 0.016 -16% -6% 33% -41% $43,159,178 PUR Pursuit Minerals 0.037 -16% -16% -66% -75% $3,740,024 CAE Cannindah Resources 0.026 -16% -41% -38% -55% $18,930,079 INF Infinity Lithium 0.015 -17% -32% -40% -71% $7,088,881 EVG Evion Group NL 0.015 -17% -17% -35% -17% $6,523,800 TON Triton Min Ltd 0.005 -17% -17% -38% -58% $7,841,944 AM7 Arcadia Minerals 0.015 -17% -25% -17% -70% $1,760,751 GT1 Greentechnology 0.02 -17% -20% -65% -73% $9,028,231 WMG Western Mines 0.145 -17% -33% 0% -58% $14,518,252 EMN Euromanganese 0.19 -17% -10% 0% -46% $12,357,768 ASM Ausstratmaterials 0.585 -18% 8% 23% -25% $112,431,223 PBL Parabellumresources 0.045 -18% 0% -13% 13% $2,803,500 BYH Bryah Resources Ltd 0.012 -20% 200% 300% 71% $10,439,442 RGL Riversgold 0.004 -20% 0% 33% -33% $7,576,707 TMX Terrain Minerals 0.002 -20% -33% -33% -43% $4,497,113 FIN FIN Resources Ltd 0.004 -20% -33% -20% -56% $2,779,554 KGD Kula Gold Limited 0.007 -22% -13% 6% -38% $6,448,776 ICL Iceni Gold 0.061 -24% 5% -8% -10% $19,876,355 LEG Legend Mining 0.006 -25% -25% -40% -54% $17,468,863 CTN Catalina Resources 0.003 -25% 50% 7% 7% $7,278,057 TEM Tempest Minerals 0.003 -25% -40% -40% -67% $3,072,310 TKL Traka Resources 0.001 -33% -33% 0% -33% $3,188,685 XTC XTC Lithium Limited 0.2 19900% 19900% 19900% 19900% $17,528,272 ADD Adavale Resource Ltd 0.002 100% 33% 0% -60% $4,574,558 PVT Pivotal Metals Ltd 0.012 71% 71% 50% -29% $10,886,711 VR8 Vanadium Resources 0.021 62% 50% -30% -67% $11,850,129 SRL Sunrise 0.745 51% 64% 239% 91% $77,144,511 Weekly Small Cap Standouts Vanadium Resources (ASX:VR8) The company's subsidiary, Vanadium Resources (VanRes) has signed an MoU with China Precious Asia Limited (CPAL) for a magnetite ore supply agreement from its world-class Steelpoortdrift vanadium project in South Africa. VanRes will supply CPAL with an average of 100,000 metric tons of magnetite ore per month over the two-year term of the non-binding direct shipping ore agreement. VR8 says the deal is expected to unlock early revenues and operating cashflows in support of the company's staged development and funding strategy for the project. It also positions VR8 to become a near-term producer by monetising its substantial resource base (+180 years), while retaining full flexibility to scale into full development as vanadium market conditions improve. 'Through our ongoing strategic equity and offtake process, it became increasingly apparent that there is a compelling opportunity to potentially transition the company toward near-term production, even at this low point in the vanadium market cycle,' executive chairman Jurie Wessels said. 'This has been made possible by our advanced permitting status and the suite of valuable minerals within Steelpoortdrift's ore, which contains not only vanadium credits but also iron-rich magnetite. 'Based on the company's internal assessments and the volumes proposed under the MoU, we anticipate that a DSO operation at Steelpoortdrift has the potential to generate material positive operating cashflows for VR8 and its shareholders. 'While the MoU is non-binding, the level of engagement and interest from CPAL gives me confidence that a binding and value-accretive commercial agreement can be reached.' Ionic Rare Earths (ASX:IXR) This week the company announced the expanded focus of its Viridion joint venture with Viridis Mining and Minerals to potentially develop a US-based rare earth refinery. That's in addition to a proposed Brazilian based rare earth refinery and a magnet recycling facility. IXR previously completed internal scoping study for a US-based heavy REO refinery, using Ionic Technologies' separation and refining IP, which will now be updated through Viridion to fast-track initial estimates for both Brazilian and US refining capacity to facilitate stakeholder discussions. A potential US rare earth refinery would have the capacity to obtain mixed rare earth carbonate (MREC) from Viridis' Colossus project in Brazil, plus other similar ionic adsorption clay deposits to enable the flow of magnet and heavy rare earths into the US manufacturing base. 'Viridion has made substantial progress in very rapid time, with the recent delivery of Brazil's first locally sourced recycled magnet REOs, followed importantly by the announcement of financial support from the Brazilian Government,' MD Tim Harrison said. 'With the United States focused on addressing its critical shortages of domestic rare earths, Viridion is now working to examine how it could play a role in building a sovereign and sustainable US rare earth supply chain, building on our plans to facilitate Brazil's rare earths drive. 'IonicRE's international expansion strategy now encompasses the UK/Europe, Asia, South and North America, as we work with our global partners to build an ex-China rare earths supply chain.' Green Critical Minerals (ASX:GCM) GCM has completed the construction and commissioning phases of its commercial-scale Very High Density (VHD) graphite plant with first production imminent. The plant features a modular design with Module 1 now complete and operational. Line 2 of the pilot plant was designed so that it could easily be converted into the first module of a scalable, multi-module production plant – and the company has now accelerated its transition to commercial production by transforming the Line 2 Pilot Plant into the first stage of its full-scale VHD graphite plant GCM believes the completion of the production plant significantly enhances manufacturing capabilities, signalling a step forward in commercialisation of its proprietary VHD graphite technology. The VHD) graphite blocks offer superior heat transfer and dissipation compared to traditional materials like aluminium and copper, making them ideal for high performance electronics and a range of other sectors like aerospace, defence, medical and manufacturing. This material is especially important for cooling infrastructure in AI data centres, with GCM recently securing a deal with GreenSquareDC, a leading Australian data centre operator.
