In a fascinating twist of innovation, the University of New South Wales (UNSW) and esteemed material scientist Professor Charles Sorrell have unleashed groundbreaking proprietary technology. This pivotal advancement has sparked a partnership characterized by an intriguing financial arrangement—an upfront sum complemented by deferred payments contingent upon anticipated revenue milestones.
Meanwhile, Li-S Energy has surged into the spotlight, touting significant enhancements in its lithium-sulfur battery technology. The company has proudly unveiled full-sized semi-solid-state cells, boasting an astonishing first discharge energy density of 498 watt-hours per kilogram. This impressive figure is followed by a noteworthy industry-leading 456 watt-hours per kg after formation cycling, with ongoing tests indicating that these cells continue to thrive through multiple cycles.
Traders buzzed with excitement, pushing Li-S Energy’s stock to triumphant heights—hitting 37 cents on Tuesday after a modest close of 18.5 cents the previous day. This meteoric rise had begun just a day earlier, as shares climbed from a mere 12 cents last Friday to a peak of 21 cents before settling at 18.5 cents. The radical leap from 12 cents to a striking 52-week zenith of 37 cents translates to a staggering weekly return exceeding 208 percent, earning the company a well-deserved second place on the financial podium.
The market dynamics were equally riveting, with trading volumes reflecting the frenzy—surpassing 2 million shares traded in a single day only once in the past year, a record broken recently when 2.16 million shares changed hands in mid-April. Monday witnessed nearly 8 million shares traded, but the true surge materialized on Tuesday post-announcement, rocketing to an eye-popping 17.2 million shares traded, as excitement over the battery’s high energy density began to permeate the market, especially targeting the thriving sectors of drones, defense, and electric aviation, where weight and efficiency reign supreme.
Amidst this swell of activity, Asian Battery Metals thrust itself into the fray, announcing stellar results from its Oval prospect in Mongolia, which is wholly owned by the company. A striking high-grade copper-nickel-PGE find set ablaze investor interest, propelling the stock from last week’s closing price of 4.3 cents to an impressive climb to 11 cents, amassing a remarkable single-day gain of 155.8 percent.
Trading fervor snowballed in tandem with the price spike, culminating in an astonishing 94.8 million shares exchanged on Monday, followed by additional significant trades over the subsequent days. Once known as Doriemus, this revitalized company has not seen such an influx of engagement since its re-listing on the ASX under its new identity last June.
Recent exploratory drilling unveiled a remarkable slice of high-grade mineralization, revealing 8.8 meters grading 6.08 percent copper, alongside 3.19 percent nickel and trace amounts of cobalt, plus 1.63 grams per tonne of combined platinum group elements. The high-grade core was nestled between intervals showcasing additional copper and nickel grades that further solidified investor enthusiasm.
Not to be eclipsed altogether, Red Mountain Mining made its presence felt with news from its Flicka Lake prospect, under its umbrella of 100 percent ownership over the Fry Lake gold project in Canada. A thorough review of historical exploration data sparked significant interest, leading to a flurry of trading activity—17 million shares changing hands on Monday alone, catapulting the stock to a fresh 52-week high of 1.6 cents, a striking 100 percent gain since its last close at 0.8 cents.
The meticulous desktop study revealed three parallel quartz veins. In a calculated move, the company proceeded to extract rock chip and soil samples, with results eagerly anticipated by the market. Historically, channel samples from the site have yielded impressive gold assays, which only adds to the current buzz.
Meanwhile, in an unexpected crescendo, Black Dragon Gold experienced an extraordinary surge—soaring more than 93 percent, and a staggering 136 percent for the week—all with no news fueling the frenzy by Friday lunchtime. The stock climbed to a 52-week peak of 8.5 cents, trading over 4 million shares on that fateful day.
The firm had disclosed earlier that a significant placement to high-net-worth Spanish investors raised approximately $700,000 priced at 2.5 cents. Yet, the market rallied with pure intrigue, marking another chapter in the unpredictable world of stock trading.
For those with their eyes on the ASX: is your company engaged in something noteworthy? Reach out—curiosity fuels the market!
