Aurum Resources (ASX: AUE) has completed a strong period of growth at its new Côte d’Ivoire project with drilling success in the gold-rich nation. Aurum opened the Côte d’Ivoire chapter of its story when it entered into a binding heads of agreement to acquire specialist West African drilling company PlusOr Global and its interest in […] The post Aurum Resources continues Côte d’Ivoire gold rush with high-grade discoveries appeared first on Small Caps ..read more

Chariot Corporation (ASX: CC9) remains confident it is well-positioned for 2024 with adequate liquidity to support further exploration activities across its lithium portfolio. The company has a strong cash position of approximately $5.18 million as at 31 March 2024 and no debt. Activity-wise, Chariot is particularly buoyed by its first hard rock lithium discovery made […] The post Chariot Corporation expands Black Mountain project with promising lithium discoveries appeared first on Small Caps ..read more

The New York Stock Exchange (NYSE) is considering 24-hour stock trading in an effort to match the uninterrupted environment of cryptocurrency markets. The exchange’s data analytics team is surveying market participants to seek their interest and support for transitioning to a 24/7 trading model. The survey considers extended trading to challenge the traditional Monday-to-Friday schedule […] The post New York Stock Exchange explores 24/7 trading to keep up with crypto markets appeared first on Small Caps ..read more

BHP Group (ASX: BHP) has made a $59.74 billion takeover bid for British multinational mining company Anglo American with a view to forging the world’s biggest copper miner. Under the terms of the all-share proposal, Anglo shareholders will be offered $48.17 per share following a spin-out of the company’s iron ore and platinum assets in […] The post BHP aims for global copper dominance with $60b Anglo American bid appeared first on Small Caps ..read more

International Graphite (ASX: IG6) has completed a $3 million capital raising to advance feasibility study activities and battery anode test work at the Springdale graphite project near Collie in Western Australia. The company received firm commitments for the placement of 24 million new shares from sophisticated and professional investors at an issue price of $0.125 […] The post International Graphite successfully raises $3m to advance Springdale graphite project appeared first on Small Caps ..read more

Lithium Universe (ASX: LU7) has submitted an application with North American hydropower supplier Hydro-Québec for up to 18 megawatts of green electricity to fuel its proposed Bécancour lithium refinery in Canada. The application follows a study by Hatch Engineering to finalise the power requirements for construction, commissioning, start-up and a gradual ramp-up to full production […] The post Lithium Universe applies for green power to fuel Bécancour lithium refinery appeared first on Small Caps ..read more

Australian furniture retailer Nick Scali (ASX: NCK) will make its first foray into the UK market with the acquisition and re-branding of British company Anglia Home Furnishings, which trades as Fabb Furniture. Under the terms of the deal, Nick Scali will pay a nominal cash consideration of $3.82 and an additional $6.7 million for the […] The post Nick Scali expands into UK market with Fabb Furniture acquisition appeared first on Small Caps ..read more

It seems there is always a time in share markets when active fund managers start to spruik the fact that the market is turning to their favour. If they are to be believed, there are periods of time when a passive exposure to a market such as the ASX 200 through an exchange traded fund […] The post Beware of the spruiking by active fund managers appeared first on Small Caps ..read more

Clinical-stage biotechnology company PharmAust (ASX: PAA) has announced that chief executive officer Dr Michael Thurn has resigned from the role and will leave the company in four months. Chief operating officer John Clark has been appointed to the role of interim chief executive officer and will be assisted by Dr Thurn and the PharmAust board […] The post PharmAust appoints interim CEO as company plans for pivotal Phase 2/3 study appeared first on Small Caps ..read more

Global investment bank Citi downgraded its recommendations for ANZ (ASX: ANZ), Commonwealth Bank of Australia (ASX: CBA), National Australia Bank (ASX: NAB) and Westpac (ASX: WBC) this week after diminishing rate cut expectations exposed significant downside risks. It said any chance of a cut was progressively being pushed out, leaving banks exposed to poor earnings […] The post Citi downgrades Australia’s big four banks on lower rate cut expectations and valuation concerns appeared first on Small Caps ..read more