While this is positive, it is nothing compared to some of the gains that are being recorded on the market today.

Two ASX mining shares that are exploding higher are listed below. Here's why they are on fire today:

Battery Age Minerals Ltd (ASX: BM8)

The Battery Age Minerals share price has continued its stellar run and is up 22% to 70 cents. Investors have been buying this lithium explorer's shares since it re-listed on the Australian share market earlier this week. The company's shares are now up 75% since raising $6.5 million and re-listing at 40 cents per share.

Battery Age Minerals has secured a diversified project portfolio to reposition as an international explorer focused on future-facing commodities. One of its key assets is the Falcon Lake Lithium Project in the Thunder Bay mining jurisdiction of north-western Ontario, Canada.

Tennant Minerals Ltd (ASX: TMS)

The Tennant Minerals share price has returned from a trading halt and is up 20% to 4.1 cents.

Investors have been scrambling to buy this mineral exploration company's shares following the release of a drilling update. That update reveals that thick, true-width, intersections of high-grade copper and gold have been identified at the Bluebird discovery of the Barkly Project in Western Australia.

Management notes that these drilling results highlight the potential to expand the Bluebird discovery, which remains open in all directions.

It also points out that the find is towards the eastern edge of the richly-endowed Tennant Creek Mineral Field (TCMF), which produced over 5Moz of gold and over 500kt of copper from 1934 to 2005.

The post 2 ASX mining shares rocketing over 20% today appeared first on The Motley Fool Australia.

For example, the two ASX lithium shares listed below are on the move after the release of announcements.

Here's what's happening with these lithium shares:

Battery Age Minerals Ltd (ASX: BM8)

The Battery Age Minerals share price is fetching 49 cents at the time of writing. This represents a 22% increase on the lithium explorer's listing price of 40 cents.

Battery Age Minerals was formerly known as Pathfinder Resources. It was removed from listing in 2020 after a period of two years of continuous suspension from trading. Today, it has returned under its new name after completing a public offer which raised $6.5 million at 40 cents per share.

The company secured a diversified project portfolio last year to reposition as an international explorer focused on future-facing commodities with the acquisition of three premium assets in Tier-1 locations. This includes the Falcon Lake Lithium Project in the Thunder Bay mining jurisdiction of north-western Ontario, Canada.

Patriot Battery Metals Inc (ASX: PMT)

The Patriot Battery Metals share price is up almost 19% to $1.97. This follows the release of promising drilling results from the wholly owned Corvette Property in the James Bay Region of Quebec.

The ASX lithium share reported that the first eight drill holes have intersected various widths of spodumene pegmatite, ranging from approximately 8m to 132m. This has extended the strike length of the CV5 Pegmatite body by an additional 400m along strike eastwardly.

Patriot Battery Metals' President, CEO and Director, Blair Way, commented:

We are off to a great start with drilling at the CV5 Pegmatite in 2023. We are collaring at wide step-outs of 100 m on this first series of holes to the east and have now extended the principal spodumene pegmatite body at least another 400 m (drill hole CV22-093 to CV23-108), based on geological logging of drill core. With four drill rigs now active on site, and earlier than anticipated, we will continue to advance aggressively as we look ahead to an initial mineral resource estimate targeted for the first half of 2023.

The post ASX lithium shares today: Two explorers that are thriving appeared first on The Motley Fool Australia.