To The Moon

As of the close on Friday, $S&P/ASX 200(XJO.AU)$ closed at 8,212.20 on Friday, up 0.03% in the past 5 days.

1. $MINERAL RESOURCES LTD(MIN.AU)$ +33.90%

• Mineral Resources Limited, with a market cap of A$8.05 billion, operates as a mining services company in Australia, Asia, and internationally through its subsidiaries.

• Mineral Resources has completed the sale of a 49 percent interest in the Onslow Iron haul road to investment funds managed by Morgan Stanley Infrastructure Partners. MSIP, a private infrastructure investment platform within Morgan Stanley Investment Management, paid Mineral Resources upfront cash consideration of AU$1.1 billion on Tuesday (September 24).

• Mineral Resources Limited, a growth company with high insider ownership, is forecast to achieve significant earnings growth of 38.3% per year, outpacing the Australian market's 12.3%. Despite trading at 55% below its estimated fair value and insiders buying more shares recently, the company faces challenges such as lower profit margins (2.4%) compared to last year (5.1%) and insufficient earnings coverage for interest payments.

2. $CHAMPION IRON LTD(CIA.AU)$ +27.40%

• Champion Iron Limited engages in the acquisition, exploration, development, and production of iron ore deposits in Canada. Its flagship projects include the Bloom Lake Mine located in south end of the Labrador;

• Champion Iron Limited has announced the application for quotation of 150,000 ordinary fully paid securities under the ASX security code CIA, with the issue date of September 24, 2024. This application follows the company’s adherence to the ASX Listing Rules and is part of their latest financial developments aimed at expanding their market presence.

• The above news may have prompted the stock's price to rise this week.

3. $PALADIN ENERGY LTD(PDN.AU)$ +24.63%

• Fission Uranium inked the deal with the Australian miner, Paladin Energy , in June 2024. Per the agreement, Paladin Energy would acquire FCUUF’s outstanding shares for an implied total equity value of C$1.14 billion ($0.846 billion).

• The acquisition, if successful, will create a company with a pro forma market capitalization of $3.5 billion. It will be placed among the largest pure-play global uranium companies with a combined mineral resource of 544 million pounds of uranium and ore reserves of 157 million. It will have a solid portfolio of exploration, development and production assets, and a substantially increased international capital markets exposure.

• The acquisition of Fission Uranium will make Paladin Energy the 100% owner of the Patterson Lake South uranium property. This move will help Paladin Energy capitalize on the growing demand for uranium. Several factors are driving this demand, such as the need for more electricity generation and the global push to decarbonize electrical grids, among others.

4. $BOSS ENERGY LTD(BOE.AU)$ +24.63%

• Boss Energy Limited has released an update this week.

• JPMorgan Chase & Co. and its affiliates have become substantial shareholders in Boss Energy Limited, acquiring a 5.13% stake with 21,032,982 ordinary shares. The acquisition, which includes various securities lending and repurchase agreements, positions JPMorgan as a key investor in the energy company. This change in shareholding structure could signal a strategic move by the investment giant, reflecting confidence in Boss Energy’s market prospects.

• Investors have been buying ASX uranium stocks this week in response to some big industry news. That news relates to tech giant Microsoft turning to nuclear power to fuel its artificial intelligence ambitions. It has signed a deal with Constellation Energy, which will help resurrect the Three Mile Island nuclear plant in Pennsylvania.

5. $DEEP YELLOW LTD(DYL.AU)$ +23.08%

• Deep Yellow Limited's Tumas project is progressing towards a final investment decision in 2025, with mining operations expected to start in 2026. The company is financing its projects through equity sales, raising $252mm YTD, potentially posing the risk of share dilution. Dynamic uranium pricing contracts offer stability and durability for uranium miners, protecting miners from pricing downside risk and utilities from price spikes.

• Year-to-date, Deep Yellow has experienced a $1,359k cash outflow as a result of operating expenses relating to testing and prep work for the mines. The firm received $2,215k in government grants and tax incentives as part of the R&D grants from FY22. In addition to this, Deep Yellow raised $252mm in equity sales YTD.

• The firm spent $16mm in exploration and evaluation expenses. Deep Yellow ended the quarter with $257.5mm in cash and equivalent, up from $40.7mm at the beginning of the fiscal year. The firm currently holds no debt on the balance sheet.