3 ASX mining insiders celebrating the new year with more share buys

Who's been buying their company stock in the new year?

Bronwyn Allen

Author bio Bronwyn has 28 years of experience in journalism, copywriting, and media relations. She began her career as a reporter with News Corporation in Sydney in 1997. She later worked for two real estate corporations in communications and PR roles, then started her own freelance copywriting and publicity business. A keen shares investor, Bronwyn joined the Motley Fool Australia team as a copy editor and writer in June 2021. Areas of expertise ASX shares and ETFs News writing Macroeconomic trends Real estate Education Diploma in Journalism, Macleay College Social media LinkedIn Favorite investment quote "Don't look for the needle in the haystack. Just buy the haystack." — John C. Bogle, Vanguard founder and pioneer of index investing for ordinary investors

Published January 17, 2024 9:33 am AEDT

There's nothing like starting a new year with a celebratory investment, and here are three ASX mining insider buys that have caught our eye.

A person leans over to whisper a secret to a colleague during a meeting. — Image source: Getty Images

Which ASX mining insiders are buying?

Our first ASX mining insider buy is that of Todd Hannigan, executive chair of titanium developer IperionX Ltd (ASX: IPX).

Hannigan splashed out almost $650,000, buying 465,442 additional IperionX shares on-market between 27 December and 3 January.

In a letter to shareholders on Tuesday, IperionX CEO Anastasios Arima said 2024 would be "a critical inflection point" for the company with the commissioning of its first commercial titanium production facility.

The IperionX share price closed at $1.47, down 2% on Tuesday.

Another ASX mining director buying up new shares is Atlantic Lithium Ltd (ASX: A11) CEO Keith Muller.

He invested $40,000 in 100,000 additional shares purchased on-market on 2 January.

Atlantic Lithium is an African-focused lithium explorer that hopes to deliver Ghana's first lithium mine.

The flagship Ewoyaa Project has a production capacity of 3.6Mt of spodumene concentrate over a 12-year mine life. This makes it one of the world's top 10 spodumene concentrate mines.

Atlantic Lithium was granted a mining lease for Ewoyaa in October 2023.

The Atlantic Lithium share price closed at 40.5 cents, up 1.25% on Tuesday.

Also celebrating the new year with new share buys is ASX mining insider Patrick Murphy. He's a non-executive director of lithium explorer Green Technology Metals Ltd (ASX: GT1).

Murphy ploughed just over $100,000 into the company over three days in late December and early January. He purchased 362,610 shares on-market.

Green Technology Metals undertook a capital raise in December that raised $14.6 million through the issue of 39,477,680 new shares using 'flow-through shares' provisions allowed under Canadian tax law.

The issue price was 37 cents per share. The funds will be used for continued exploration at Root Bay and the maiden drilling program at the Junior Lithium Project.

The Green Technology share price closed at 20 cents yesterday, down 2.44%.

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