Daily Metals Mining Rundown for 8 May 2025 (after-market ASX/pre-market TSX)

Rundown of company announcements, valuations, and underlying metal prices, according to our compilation of publicly available information covering 9 important metals and more than 450 mining stocks, including mineral resource inventories, and including project NPV information for some 150+ developers.

Author

Host Rock Capital
May 08, 2025

Today’s metal price movements (over past ~15hrs) and mining company peer group movements through ASX trading (including yesterday’s TSX/NY movements) include:

Today’s top and bottom 40 performing metals mining company stocks (of 457 in our Peer Table) through ASX trading and including Friday’s TSX/NY movements include:

Coverage of metals mining company announcements incorporated into today’s after-market ASX Peer Table (resource updates, economic studies, changes in attributable project ownership) include:

  • 6 May 2025 - Lithium developer Lithium Ionic (TSXV:LTH) announced a resource update for its flagship 100%-owned Bandeira project in Brazil, which incorporated 60km of drilling between 2022 and 2024, and substantially grew the measured and indicated (M&I) share of resources to 22.3 Mt grading 1.34% lithium oxide (Li2O) for 0.615 Mt lithium carbonate equivalent (LCE). This should bode well for future reserves conversions and future improvements to project economics (since the 2024 FS). Overall project resources also grew slightly, resulting in overall company lithium resources (including 2 additional smaller resources from other projects) growing by ~5% to 2.12 Mt LCE. LTH stock traded down a slight -1.4% on 6 May following this announcement (vs. our 14-companmy lithium hard rock developer peer group median performance of flat +0%), before closing down another -1.4% Wednesday (7 May) vs. peer group median down -1.6%, for a LTH market cap/t resource of US$40/t LCE ($12/oz AuEq) - which is a 42% discount to our 14-stock lithium hard rock developer peer group median $69/t LCE ($21/oz AuEq).

Disclaimer: Provided for informational and educational purposes, and is not intended as investment advice. For full disclosures, visit www.hostrockcapital.com/disclosures.