In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to start the week with a gain. At the time of writing, the benchmark index is up 0.3% to 8,832.6 points.
Four ASX shares that are rising more than most today are listed below. Here's why they are climbing:
Dateline Resources Ltd (ASX: DTR)
The Dateline Resources share price is up 8% to 13.5 cents. This follows the release of an update on the 100%-owned Colosseum Gold–rare earth element (REE) Project in California. According to the release, the company's 3D magnetotelluric (MT) resistivity model has identified several high-priority REE drilling targets. CEO & Managing Director, Stephen Baghdadi, said: "We are very encouraged by the positive magnetotelluric survey results, which validate our previous work and reinforce confidence in our exploration model."
DigiCo Infrastructure REIT (ASX: DGT)
The DigiCo Infrastructure share price is up 7.5% to $3.44. This morning, this data centre operator revealed that its SYD1 data centre has been formally certified by the Department of Home Affairs as a "Certified Strategic" hosting provider of data centre services. This is the highest level of assurance under the Australian Government Hosting Certification Framework (HCF). The company stated: "This significant milestone underscores DigiCo's commitment to national digital sovereignty and reinforces DigiCo's role and the SYD1 site as a cornerstone of Australia's critical digital infrastructure"
Liontown Resources Ltd (ASX: LTR)
The Liontown Resources share price is up 18% to 99.5 cents. This morning, this lithium miner announced that it has successfully completed the bookbuild for a fully underwritten $266 million institutional placement to new and existing investors at $0.73 per new share. This represents a 13.6% discount to where Liontown's shares ended last week. It also raised $50 million through a non-underwritten conditional placement to Canmax Technologies, alongside other institutional investors. Canmax is a large industrial conglomerate and is one of the world's leading producers of lithium chemicals and a significant consumer of lithium raw materials.
Pilbara Minerals Ltd (ASX: PLS)
The Pilbara Minerals share price is up 18% to $2.28. Investors have been buying Pilbara Minerals and other lithium stocks today after some big industry news. According to Bloomberg, a Chinese lithium mine owned by CATL has suspended production. This appears to have sparked hopes that it could be the start of wider output curbs to tackle overcapacity. CATL has suspended production at its Jianxiawo mine in China's Jiangxi province for at least three months.
