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

Here’s everything you need to know, and some things you don’t, before the ASX opens today.

Pic via Getty Images

Good morning everyone, and welcome to Wednesday, September 25, 2024 – an important date in the history of public transportation.

That’s because on this day in 1897, the “first-ever British bus service” began operation in London, ferrying Arsenal fans to Wembley to watch their team get destroyed by half a dozen tea ladies and a one-legged bloke from the pub.

The launch of the service was, remarkably, caught on film – and I’ve got the archival footage for everyone to enjoy.

Luckily for you, you won’t actually have to sit through the horror of an entire episode of On the Buses in order to get your hands on good pre-market info today.

That’s because – as always – we’ve worked super-hard to gather together lots of fiddly little things below, so you don’t need to go ferreting all over the internet for your ASX info this morning.

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: US$2,635.30 (+0.25%)

Silver: US$31.05 (+1.14%)

Nickel (3mth): US$16,366/t (+1.01%)

Copper (3mth): US$9,413/t (+0.20%)

Zinc: US$2,838/t (-0.81%)

Oil (WTI): US$71.12 (+0.57%)

Oil (Brent): US$74.55 (+0.30%)

Iron 62pc Fe: US$93.40/t (+4.40%)

AUD/USD: 0.6859 (+0.39%)

Bitcoin: US$63,312.49 (-0.44%)

WHAT GOT YOU TALKING

What sent some of our beloved ressies up the ladder yesterday? Read this to find out…

Element 25's manganese dreams backed with US$166m grant, while American Rare Earths receives LoI for US$456m for its 2.34Bt REE project. $SRL $ARR $WC1 $E25 $LOT -> https://t.co/vv6t6H5zaX

— Stockhead (@StockheadAU) September 24, 2024

YESTERDAY’S ASX SMALL CAP LEADERS

Here are the best performing ASX small cap stocks:

Swipe or scroll to reveal full table. Click headings to sort:

Code	Name	Price	% Change	Volume	Market Cap
MTH	Mithril Silver Gold	0.328	60%	13,835,305	$21,130,626
SMS	Starmineralslimited	0.049	48%	1,671,463	$3,125,852
BGE	Bridgesaaslimited	0.014	40%	250,000	$1,227,304
MEL	Metgasco Ltd	0.004	33%	250,491	$4,342,760
RFA	Rare Foods Australia	0.016	33%	1,275,975	$3,263,799
SIS	Simble Solutions	0.004	33%	4,388,051	$2,260,352
ESR	Estrella Res Ltd	0.009	29%	1,720,027	$12,723,936
PIM	Pinnacleminerals	0.055	28%	237,072	$1,954,923
ATX	Amplia Therapeutics	0.125	26%	708,198	$27,205,033
88E	88 Energy Ltd	0.003	25%	3,519,701	$57,867,624
AMD	Arrow Minerals	0.003	25%	8,895,016	$25,378,730
EEL	Enrg Elements Ltd	0.003	25%	1,592,003	$2,090,032
PUR	Pursuit Minerals	0.003	25%	3,616	$7,270,800
BDG	Black Dragon Gold	0.017	21%	371,921	$3,745,247
AD1	AD1 Holdings Limited	0.006	20%	255,657	$5,486,742
GCM	Green Critical Min	0.003	20%	95,000	$3,671,357
TMG	Trigg Minerals Ltd	0.024	20%	33,041,196	$9,360,026
TZL	TZ Limited	0.024	20%	95,000	$5,131,662
SUH	Southern Hem Min	0.019	19%	838,208	$11,779,841
ALY	Alchemy Resource Ltd	0.007	17%	2,302,947	$7,068,458
AOK	Australian Oil.	0.004	17%	523,188	$2,833,920
CDT	Castle Minerals	0.004	17%	3,741,667	$4,118,442
POS	Poseidon Nick Ltd	0.004	17%	3,946,555	$12,611,626

Yesterday’s Small Cap Winners included:

Element 25 (ASX:E25) was up on exciting news that it has been selected for award negotiations for a US$166 million grant from the US Department of Energy (DoE) under the Battery Materials Processing Grant Program. The funding will support the construction of Element’s proposed battery-grade high-purity manganese sulphate monohydrate (HPMSM) facility in Louisiana, USA, and the funding is additional to the US$115 million already committed by offtake partners General Motors and Stellantis.

Recent diamond drilling has confirmed a thick zone of antimony copper mineralisation at West Cobar Metals’ (ASX:WC1) Bulla Park project. The drilling supports further confidence of a large antimony copper system at Bulla Park, alongside previous drilling results that include 33m at 0.47% Cu and 0.15% Sb from 229m.

Online retailer Cettire (ASX:CTT) was up after the company delivered a banger of an annual report, which includes news that it has managed to achieve sales revenue of $742 million, an increase of 78% above last year’s result. Cettire’s online stores now boast 692,000 active users, who have contributed to a 61% increase in gross revenue from return business.

Clover Corp (ASX:CLV) was up, despite delivering an annual report this morning that showed a total revenue of $62.2 million which was in line with guidance, but also marked a decline from the previous year’s $79.9 million. Clover also reported that net profit after tax (NPAT) also saw a significant drop, falling to $1.5 million from $6.2 million in FY23.

E&P Financial Group (ASX:EP1) was up this morning after the company dropped a grab-bag of announcements, first informing the market that it has finalised a $12.5 million conditional placement of 125,000 convertible notes at a face value of $100 per note, mandatorily convertible into fully paid ordinary shares at a conversion price of $0.52, together with free-attaching options to wholesale investors.

That was quickly followed by news that the company has officially requested to voluntarily de-list from the ASX, subject to the results of an extraordinary General Meeting, which was announced immediately after the second announcement, at which shareholders will also vote on a proposed an off-market equal access buy-back for up to $25,000,000.

American Rare Earths (ASX:ARR) jumped on news that its 100% owned subsidiary Wyoming Rare has received a non-binding Letter of Interest from the Export-Import Bank of the United States for up to US$456 million in a debt-financing package for the construction and execution phase of the Cowboy State Mine area at the Halleck Creek Project. The facility has a 15-year repayment term under the bank’s Make More In America Initiative.

Earlier, Poseidon Nickel (ASX:POS) was up after it reported finding several gold anomalies extending over multiple soil traverses (between 400m to 800m) following reconnaissance soil sampling at its Black Swan project. The company also said a coherent gold anomaly has been defined (up to 54ppb Au) that is 1.4km by 1km in size and remains open to the south at its Wilson’s prospect.

YESTERDAY’S ASX SMALL CAP LAGGARDS

Here are the worst performing ASX small cap stocks:

Swipe or scroll to reveal full table. Click headings to sort:

Code	Name	Price	% Change	Volume	Market Cap
OVT	Ovanti Limited	0.003	-25%	23,419,786	$6,225,393
RBR	RBR Group Ltd	0.002	-25%	8,250,000	$3,268,809
SI6	SI6 Metals Limited	0.002	-25%	328,987	$4,737,719
FSG	Field Solu Hldgs Ltd	0.015	-25%	992,770	$15,468,891
PNT	Panthermetalsltd	0.018	-25%	2,640,858	$2,091,988
BLG	Bluglass Limited	0.023	-21%	5,630,473	$53,262,660
EXL	Elixinol Wellness	0.004	-20%	27,908	$6,605,912
GTI	Gratifii	0.004	-20%	3,013,784	$10,745,981
GTR	Gti Energy Ltd	0.004	-20%	6,885,116	$12,749,735
ODE	Odessa Minerals Ltd	0.002	-20%	41,833	$2,608,206
RIL	Redivium Limited	0.004	-20%	160,000	$13,734,274
WML	Woomera Mining Ltd	0.002	-20%	1,941,896	$3,795,347
TOR	Torque Met	0.082	-18%	130,964	$18,843,893
GMN	Gold Mountain Ltd	0.003	-17%	1,060,008	$11,722,420
BIM	Bindimetalslimited	0.088	-16%	315,706	$3,386,250
EQX	Equatorial Res Ltd	0.105	-16%	22,185	$16,430,669
OCN	Oceanalithiumlimited	0.033	-15%	50,755	$3,217,422
DOU	Douugh Limited	0.003	-14%	187,500	$3,787,241
M24	Mamba Exploration	0.012	-14%	141,772	$2,633,152
NRZ	Neurizer Ltd	0.003	-14%	24,000,522	$7,633,918
PLG	Pearlgullironlimited	0.012	-14%	51,102	$2,863,585
SS1	Sun Silver Limited	0.760	-13%	2,355,541	$60,969,125

TRADING HALTS

Cassius Mining (ASX:CMD) – pending a further announcement in relation to the Soalara Limestone Project in Madagascar.

Pacgold (ASX:PGO) – pending an announcement to the market in connection with a capital raising.

IXUP (ASX:IXU) – pending an announcement regarding a proposed capital raising.

Godolphin Resources (ASX:GRL) – pending an announcement to the market in relation to a capital raising.

Lachlan Star (ASX:LSA) – pending an announcement in respect of a capital raising.

FireFly Metals (ASX:FFM) – pending the release of an announcement regarding a capital raising.

Mantle Minerals (ASX:MTL) – pending the release of a fundraising and exploration update.

At Stockhead, we tell it like it is. 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