Stocks of the Hour: eMetals, Ioneer, White Cliff Minerals

eMetals (ASX:EMT) has announced exceptionally high grade rock chips of Niobium and Tantalum at their project in WA. Although the extent of the rich materials is yet to be specifically determined, the company personnel believe it is related to iron rich material confined to structural infill zones. Shares are trading 36.4 per cent higher at 1.5 cents.

Ioneer (ASX:INR) announces that the U.S. Department of Energy Offers a conditional commitment for a Loan of Up to US$700 Million for their lithium-boron project in Nevada. James Calaway, Executive Chairman of Ioneer commented: “The Conditional Commitment highlights Rhyolite Ridge’s strategic role in strengthening America’s critical mineral supply chain in providing a secure, sustainable, and reliable domestic source of lithium for the growing electric vehicle ecosystem.” Shares are trading 18.1 per cent higher at 54 cents.

White Cliff Minerals (ASX:WCN) has identified Rare Earth Elements at its Hine Hill Project in WA. commenting on the progress, White Cliff Technical Director Ed Mead said: “Our maiden drill program at Hines Hill has been extremely successful in demonstrating the potential of the project with the discovery of shallow mineralisation.” Further geochemical sampling has also been completed, to grow the project potential. Shares are trading 23.1 per cent higher at 1.6 cents.
 
Copyright 2023 – Finance News Network

Source: Finance News Network