Rise and Shine: Everything you need to know before the ASX opens

Good morning! Here’s everything you need to know, and some things you don’t, before the ASX flings open its doors and begins trading today.

Everything you need to know before the ASX opens. Pic: Getty Images

Good morning, and welcome to Rise and Shine on Friday, May 2, 2025.

Ukraine and the US have signed that long awaited critical minerals deal which will give the US a share of profits and royalties from the future sale of Ukrainian minerals and rare earths.

The Coalition Opposition released its costings ahead of the tomorrow's national election.

Angus Taylor's figures show a $7.9bn hit over the next to financial years compared to pre-election numbers from the Treasury, then a $21.8bn improvement in the two years after largely supported by $17.2bn in cuts driven heavily by sacking public servants in Canberra.

This would come by not filling vacancies apparently. The collapse of the deep state is nigh.

$118bn of spending on nuclear plants to 2050 is factored in but not plonked on the bottom line thanks to its "equity investment" status. Not the $600bn supposed by the Albanese Government mind you. We'll see ... or we may not.

On this day in 1803 the Jefferson Government effected the Louisiana Purchase, snaring the entire central portion of the modern day United States from France including the port of New Orleans for just US$15m.

Around 3c an acre, with inflation it amounts to US$340m, about enough to get you a tired WA gold mine or a Potts Point studio these days.

Napoleon had been threatening the re-establishment of the French colonial empire when Robert Livingston and James Monroe set foot in Paris to ask for just New Orleans and Florida for US$10m.

The French Army was struck with yellow fever in the Caribbean and a downtrodden Napoleon made offer himself, stunning Monroe and Livingston with its braindead generosity.

But you don't need to sell your prized possessions for Monopoly money to get your hands on good pre-market info today, because we've sorted that all below.

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: US$3,237.07/oz (-2.15%)

Silver: US$32.15/oz (-1.37%)

Iron Ore: US$94.90/t (-1.41%)

Nickel (3mth): US$15,252/t (-1.08%)

Copper (3mth): US$9206/t (+0.89%)

Zinc: US$2577.50/t (-0.58%)

Lithium carbonate: US$8700/t (0.00%)

Oil (WTI): US$63.07 (-0.24%)

Oil (Brent): US$64.25 (-2.51%)

AUD/USD: 0.6399 (-0.05%)

Bitcoin: US$94,860.50 (+0.66%)

WHAT GOT YOU TALKING

It's been a great quarterly reporting season for ASX uranium producers. But there are highlights to be found from these juniors as well. #asx #smallcaps #uranium #nuclear @Elevateuranium @aee_auraenergy $GRV @CR3minerals $BOE $PDN https://t.co/TEbx9DDKnc pic.twitter.com/QsWzE9o9hq

— Stockhead (@StockheadAU) April 30, 2025

Also in the news...

It's quarterly season! Take your pick of our ASX Quarterly report wraps, with lithium making inroads over in Resources, AI and semiconductors taking front of stage for tech stocks, and a raft of regulatory and clinical advancements in the healthcare sector.

Although we've mentioned the key points for both companies below, you can also check out more in-depth breakdowns of why Andromeda Metals (ASX:ADN) and Dimerix (ASX:DXB) were turning heads yesterday.

ASX SMALL CAP LEADERS

Today’s best performing small cap stocks:

Security	Description	Last	%	Volume	MktCap
ADN	Andromeda Metals Ltd	0.025	79%	1.5E+08	$48,002,188
PSL	Paterson Resources	0.018	50%	2999973	$5,472,455
EEL	Enrg Elements Ltd	0.0015	50%	4910073	$3,253,779
DXB	Dimerix Ltd	0.69	44%	39042194	$268,540,866
88E	88 Energy Ltd	0.002	33%	4311699	$43,400,718
AAU	Antilles Gold Ltd	0.004	33%	1651000	$6,379,103
SFG	Seafarms Group Ltd	0.002	33%	4080942	$7,254,899
NPM	Newpeak Metals	0.012	33%	36500	$2,898,646
ADO	Anteotech Ltd	0.009	29%	5429961	$18,937,102
AOK	Australian Oil.	0.0025	25%	1045000	$2,003,566
BLZ	Blaze Minerals Ltd	0.0025	25%	200000	$3,133,896
C7A	Clara Resources	0.005	25%	301402	$2,046,417
MGU	Magnum Mining & Exp	0.005	25%	1740720	$3,237,446
PAB	Patrys Limited	0.0025	25%	320000	$4,114,895
RLL	Rapid Lithium Ltd	0.0025	25%	501948	$2,489,889
ENX	Enegex Limited	0.016	23%	77334	$4,951,987
LMS	Litchfield Minerals	0.13	21%	165053	$3,122,451
ADG	Adelong Gold Limited	0.006	20%	564910	$6,987,431
BPP	Babylon Pump & Power	0.006	20%	7861434	$12,497,745
FRX	Flexiroam Limited	0.006	20%	81250	$7,586,993
NES	Nelson Resources.	0.003	20%	10676742	$5,429,819
ODE	Odessa Minerals Ltd	0.006	20%	12155	$7,997,663
VAR	Variscan Mines Ltd	0.006	20%	288271	$3,914,289
WBE	Whitebark Energy	0.006	20%	903017	$1,999,534
AMA	AMA Group Limited	0.074	19%	58918893	$296,520,922

Making news…

Andromeda Metals (ASX:ADN) has pulled off a major breakthrough, with lab tests showing it can produce ultra-high purity 4N HPA (99.9985%) using its own low-cost process and kaolin from the Great White Project in SA. The results have been confirmed by top labs in the US and CSIRO.

What sets this apart is the process. No high-pressure acid, no extreme heat, and no expensive aluminium metal. It’s cleaner, cheaper, and slashes carbon emissions by over two-thirds, ADN said.

Andromeda is now heading into a scoping study and will start working with customers to fine-tune the product for everything from semiconductors to batteries. After seven years of R&D, this could put it in the box seat as global HPA (high purity alumina) demand heats up, it said.

Dimerix (ASX:DXB) has just inked a big-ticket deal, handing over exclusive US rights to its kidney drug DMX-200 to Amicus Therapeutics for US$30 million up front, with another US$560 million on the table in milestone payments plus royalties down the track.

DMX-200 is currently in a pivotal Phase 3 trial for FSGS, a rare and deadly kidney disease with no approved treatments. The FDA has already agreed that proteinuria – a marker of excess protein in urine and a key sign of kidney damage – can be used in the primary measure for approval. Full trial enrolment is expected by the end of 2025.

ASX SMALL CAP LAGGARDS

Today’s worse performing small cap stocks:

Code	Name	Price	% Change	Volume	Market Cap
DY6	DY6 Metals Ltd	0.078	-53%	8866489	$8,317,787
1TT	Thrive Tribe Tech	0.001	-50%	1.66E+08	$4,063,446
RAN	Range International	0.002	-33%	5289	$2,817,871
ARN	Aldoro Resources	0.34	-28%	1969862	$84,270,788
WOA	Wide Open Agricultur	0.026	-27%	24917350	$18,945,875
BLG	Bluglass Limited	0.012	-25%	24245800	$29,448,965
DDT	DataDot Technology	0.003	-25%	390245	$4,843,811
IS3	I Synergy Group Ltd	0.003	-25%	138889	$1,776,833
PRM	Prominence Energy	0.003	-25%	357774	$1,556,706
QXR	Qx Resources Limited	0.003	-25%	50000	$5,241,315
EG1	Evergreenlithium	0.038	-22%	656843	$9,534,337
AR3	Austrare	0.071	-22%	1748830	$14,468,065
EXL	Elixinol Wellness	0.015	-21%	2114816	$4,195,583
HPR	High Peak Royalties	0.06	-20%	113983	$15,604,479
ADY	Admiralty Resources.	0.004	-20%	443615	$13,147,397
AVE	Avecho Biotech Ltd	0.004	-20%	4866957	$15,867,318
RMI	Resource Mining Corp	0.004	-20%	100010	$3,327,029
SPN	Sparc Tech Ltd	0.17	-19%	490972	$20,133,319
KNO	Knosys Limited	0.035	-19%	1919058	$9,293,964
JDO	Judo Cap Holdings	1.46	-18%	19253180	$1,989,480,674
JLL	Jindalee Lithium Ltd	0.47	-17%	526125	$41,579,395
1AD	Adalta Limited	0.005	-17%	4276799	$3,859,337
AUR	Auris Minerals Ltd	0.005	-17%	2477536	$2,859,756
CUS	Coppersearch Limited	0.02	-17%	15000	$2,848,173
KLI	Killiresources	0.04	-17%	75832	$6,730,740

Trading Halts

• AdNeo Limited (ASX: AD1) - cap raise
• Aeris Resources (ASX:AIS) - debt refinancing
• Anax Metals (ASX:ANX) - strategic partnership and funding
• Bio-Gene Technology (ASX:BGT) - cap raise
• Caspin Resources (ASX:CPN) - cap raise
• Conrad Asia Energy (ASX:CRD) - cap raise
• Enlitic (ASX:ENL) - cap raise
• Excite Technology Services (ASX:EXT) - cap raise
• Felix Gold (ASX:FXG) - cap raise
• Hazer Group (ASX:HZR) - material strategic alliance
• Rox Resources (ASX:RXL) - cap raise
• Zimi (ASX:ZMM) - cap raise

At Stockhead, we tell it like it is. While Andromeda Metals and Dimerix are Stockhead advertisers, they did not sponsor this article.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

Originally published as Rise and Shine: Everything you need to know before the ASX opens