Why Neometals, Neurizer, Paladin Energy, and Perseus Mining shares are rising

These ASX shares are having a strong session on Thursday.

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The S&P/ASX 200 Index (ASX: XJO) has returned to form on Thursday. In afternoon trade, the benchmark index is up 0.25% to 7,110 points.

Four ASX shares that are climbing more than most today are listed below. Here's why they are rising:

Neometals Ltd (ASX: NMT)

The Neometals share price is up almost 16% to 55.5 cents. This morning, this battery materials producer provided an update on its joint venture, Primobius. According to the release, the demonstration plant trialling process improvements to the hydrometallurgical refining flowsheet have yielded outstanding results. This has seen nickel, cobalt and copper recoveries of >95%.

Neurizer Ltd (ASX: NRZ)

The Neurizer share price is up a massive 57% to 8 cents. This morning the energy company announced a binding contract with China's largest integrated hydrogen company, Meijin Energy Investments, for site assessments and operating in situ gasification sites. The agreement offers Neurizer a significant opportunity to enter China's growing hydrogen market and establish a joint venture partnership.

Paladin Energy Ltd (ASX: PDN)

The Paladin Energy share price is up 11% to 60.7 cents. Investors have been buying this uranium developer's shares after it downplayed reports that the Namibian government is seeking to take minority stakes in mines in the southern African country. Paladin owns the significant Langer Heinrich Mine in Namibia.

Perseus Mining Limited (ASX: PRU)

The Perseus Mining share price is up 5% to $1.92. This follows a rise in the gold price overnight due partly to increased market volatility. It isn't just Perseus Mining that is climbing today. The S&P/ASX All Ordinaries Gold index is up a sizeable 2.9% this afternoon.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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