The fast-rising stock in question is Talga Group Ltd (ASX: TLG).

Shares in the battery materials and technology company closed on Friday trading for 43 cents. In morning trade on Tuesday, shares are changing hands for 47.5 cents apiece, up 10.5%.

Here's what's catching investor interest today.

ASX All Ords mining share leaps on Swedish approval

The Talga share price is surging after the company announced that Sweden's government has formally adopted the detailed zoning plan for the company's Nunasvaara South Graphite Mine. That mine is part of the Vittangi Anode Project.

The ASX All Ords mining share noted that the graphite deposit at Vittangi is designated as a mineral deposit of national interest, while its Vittangi Anode Project, which encompasses the Lulea Anode Refinery, is a designated EU Strategic Project under the Critical Raw Materials Act and the Net-Zero Industry Act.

With the Swedish government's zoning approval, Talga said it can now proceed with detailed design and securing building permits before project development.

The plan regulates how the land can be used and developed in compliance with Sweden's land-use and environmental regulations. It designates zones on site for infrastructure, buildings, and mining activities.

The ASX All Ords mining share has already secured the Environmental Permit and Exploitation Concession permit for the Nunasvaara South Graphite Mine.

What did management say?

Commenting on Sweden's green light for the zoning plan that's sending the ASX All Ords mining share rocketing today, "Talga CEO Martin Phillips said, "The company is very pleased with the Swedish government's decision to adopt the detailed plan."

Phillips continued:

This concludes a lengthy and thorough process that has been the subject of rigorous review and stakeholder engagement… This decision significantly derisks the Vittangi Anode Project as we progress further along the financing path. It also unlocks certainty on planning as we move closer to commercial production.

Sweden's Minister for Infrastructure and Housing, Andreas Carlson, added:

Nunasvaara in Kiruna municipality has Europe's largest and richest graphite deposit. The graphite deposit is very important for both Sweden's and the EU's supply of natural graphite. Graphite fulfills an important function in battery manufacturing and for the green transition. This is the first time that the government has used this opportunity.

Commenting on Sweden's unique position to deliver graphite, Sweden's Minister for Energy and Enterprise, Ebba Busch, said, "Graphite is important not least for our production of steel, batteries and cars, and the Swedish mining industry is the most sustainable globally."

With today's intraday boost factored in, the Talga share price is up 28% in 2026.

The post Guess which ASX All Ords mining share is leaping 11% today on big European news appeared first on The Motley Fool Australia.

That's because big rewards could be on the way for buyers of this speculative stock if the broker's recommendation proves accurate.

Which ASX stock?

The stock that Bell Potter is tipping as a high-risk buy is Talga Group Ltd (ASX: TLG).

It describes itself as a global leader in producing high-power, sustainable battery anode and advanced graphitic materials.

It notes that its capabilities include proprietary graphite purification, shaping and coating technologies, ensuring secure and low-emission Li-ion battery anode supply chains and new-energy materials.

Bell Potter notes that it recently attended a site visit to its proposed Natural Graphite Anode plant location and EVA Qualification plant in Lulea, Sweden. This plant will be using ore from its Vittangi project, which the broker is very positive on. It said:

The ore body characteristics of Vittangi (high-grade & crystallinity and fine flake) make it attractive for battery anodes. However, TLG's advantage doesn't stop at the minegate. The in-house R&D teams, which operate primarily out of Cambridge, have developed significant IP around coating, shaping, and anode recycling technology.

We spent time understanding these processes, and the businesses new Talnode-R product which is created from production scrap and black-mass graphite, offering a new range of possibilities for blending and performance. Recent partnerships with US Catalytic recycler UCC and the lodging of US patents for Talnode-C open up potential new pathways for production.

Big return potential

According to the note, the broker has retained its speculative buy rating and $1.00 price target on the ASX stock.

Based on its current share price of 44.5 cents, this implies potential upside of 125% for investors over the next 12 months.

If Bell Potter is on the money with this recommendation, a $2,500 investment in Talga shares would turn into approximately $5,625 by this time next year.

Commenting on its speculative buy recommendation, the broker said:

We maintain our speculative Buy rating and valuation of $1.00/sh fully diluted and funded. Key milestones over the next 6-12 months which support our thesis for TLG include: 1) binding offtake for ~75% of production; 2) project funding and a Final Investment Decision (FID, BPe 60/40 debt/ strategic + public equity 2HCY25); and 3) construction commencement (BPe late 2HCY25).

The post Meet the speculative ASX stock Bell Potter says could rise 125% appeared first on The Motley Fool Australia.

In early trade, the ASX All Ords stock is up almost 80% to 72 cents.

Talga describes itself as a global leader in the development and production of sustainable battery materials. Its flagship product is known as Talnode-C and is a natural graphite anode material made in Sweden with an ultra-low carbon footprint.

Why is this ASX All Ords stock rocketing?

Investors have been scrambling to buy the battery materials company's shares this morning after it announced that it has had a major legal victory.

According to the release, the Swedish Supreme Court has dismissed all requests for leave to appeal the Environmental and Natura 2000 permit for Talga's Nunasvaara South natural graphite mine. It is part of the company's vertically integrated Vittangi Anode Project in northern Sweden.

The release notes that the Supreme Court's decision concludes the statutory appeals process. As a result, the Environmental and Natura 2000 permit is now officially in force.

This is a big win and means the company can now focus on progressing its project. It notes that the permit process follows several key milestones for the Vittangi Anode Project.

This includes the award of EUR70 million grant funding from the EU Innovation Fund for Talga's Lulea Anode Refinery and the approval of the Nunasvaara South graphite mine Exploitation Concession.

In light of this, the ASX All Ords stock's board could be close to making a Final Investment Decision (FID) on the project. It notes that an FID is likely once customer offtake agreements and financing structures are in place.

After which, the anticipated timeline for project construction, including commissioning, is projected to be 18 months to 24 months to first production.

Management commentary

The ASX All Ords stock's CEO, Martin Phillips, was very pleased with the Swedish Supreme Court's decision and is positive on the future. He said:

We are delighted with the successful conclusion of the environmental permitting process. The Vittangi Anode Project is vital for Europe's energy transition and strategic material supply. We look forward to continuing to work with our host communities and stakeholders throughout the execution phase to deliver sustainable, high performance anode materials for the European battery industry.

Despite today's very strong gain, Talga's shares remain down reasonably heavily since this time last year. During this time, the company's shares have lost approximately 20% of their value.

The post Guess which ASX All Ords stock just rocketed 80% appeared first on The Motley Fool Australia.

In afternoon trade, the ASX mining stock is up 13.5% to 64.5 cents.

Why is this ASX mining stock surging?

Investors have been fighting to get hold of the battery materials and technology company's shares following the release of a big announcement.

According to the release, Talga has entered into an earn-in agreement with lithium giant Sociedad Quimica y Minera de Chile S.A. (NYSE: SQM). This agreement is for Talga's Aero Lithium Project in Sweden.

Under the binding agreement, Talga has granted SQM the right to sole fund exploration expenditure of up to US$19 million over the next seven years. This will give the Chilean lithium miner the rights to earn up to a 70% ownership interest in the Aero project. This is subject to Swedish foreign direct investment clearance.

In addition, Talga will also be paid a management fee for each stage of the potential earn-in arrangement, and a success fee if a decision to mine on Aero is made. Talga retains all rights and obligations in relation to graphite minerals within Aero.

The release also notes that SQM has completed extensive due diligence on Aero. This includes site visits, so it clearly likes the look of the project.

And this may not be the only project that the two parties work together on. Under the agreement, they may agree to collaborate on potential new lithium areas and projects in Sweden.

'Aero might be significant'

Talga's managing director, Mark Thompson, notes that the project could be significant for the European market. He commented:

We are delighted to partner with SQM on our Aero lithium project in Sweden, which provides an important chance to build a European lithium supply for the green transition and EU localisation objectives. As one of the few potentially large-scale lithium hard rock opportunities in Europe, Aero might be significant to the region's battery and electric vehicle industry.

This sentiment was echoed by the CEO of the SQM International Lithium division CEO, Mark Fones. He commented:

We are pleased to enter into this agreement, which represents our dedicated efforts to build a global and competitive lithium asset portfolio. Expanding into new and promising jurisdictions, such as Sweden, has been a strategic goal for us, and partnering with Talga, who has demonstrated expertise in the region, further enhances this achievement.

The post Guess which ASX mining stock is rocketing on deal with lithium giant SQM appeared first on The Motley Fool Australia.

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

Botanix Pharmaceuticals Ltd (ASX: BOT)

The Botanix Pharmaceuticals share price is up 1.5% to 34 cents. This has been driven by news that the US Food and Drug Administration (FDA) has approved its Sofdra product as a prescription medicine used to treat primary axillary hyperhidrosis (excessive underarm sweating) in adults and children 9 years and older. Botanix notes that there are approximately 10 million people in the United States with primary axillary hyperhidrosis, with few effective treatments available for patients. The company also raised $70 million through an institutional placement at 30 cents per new share.

Strike Energy Ltd (ASX: STX)

The Strike Energy share price is up 2.5% to 22 cents. This morning, this energy producer announced that it has reached an agreement with Macquarie Group Ltd (ASX: MQG) for the refinancing of its existing debt package. This will allow the company to fund production upgrades, as well as pre-development and development costs across its Perth Basin portfolio of assets. Provision of the $153 million five-year financing package is subject to execution of the definitive financing documentation.

Talga Group Ltd (ASX: TLG)

The Talga Group share price is up 10.5% to 63 cents. This has been driven by news that the battery materials and technology company has entered into an earn-in agreement with lithium giant Sociedad Quimica y Minera de Chile S.A (NYSE: SQM). The agreement relates to the company's Aero Lithium Project in Sweden. Under the binding agreement, Talga has granted SQM the right to sole fund exploration expenditure of up to US$19 million over the next 7 years for up to a 70% ownership interest in the project.

West African Resources Ltd (ASX: WAF)

The West African Resources share price is up almost 3% to $1.50. This morning, the gold miner advised that it has now fully drawn the US$265 million secured loan facility from Sprott Resource Lending Corp. and Coris Bank International SA. These funds will be used for the development of the company's Kiaka Gold Project in Burkina Faso and other corporate purposes. Kiaka's construction is now 50% complete, with 75% of costs now committed and fixed.

The post Why Botanix, Strike Energy, Talga, and West African Resources shares are pushing higher appeared first on The Motley Fool Australia.

Four ASX shares that have failed to follow the market higher today are listed below. Here's why they are falling:

Core Lithium Ltd (ASX: CXO)

The Core Lithium share price is down 3.5% to 13 cents. This is despite there being no news out of the struggling lithium miner on Friday. However, it is worth noting that Goldman Sachs recently tipped the company's shares to sink a further 15% from where they currently trade to 11 cents. This is despite the Core Lithium share price already losing almost 90% of its value since this time last year.

Fortescue Ltd (ASX: FMG)

The Fortescue share price is down 2% to $24.28. This may have been driven by weakness in the iron ore price overnight. According to CommSec, the iron ore price fell in response to "fears of falling demand in China over the remainder of the year after Beijing reiterated its stance on continuing to control crude steel output in 2024." In addition, as highlighted in this article, a large number of brokers believe that this mining giant's shares are severely overvalued at current levels. This could also be weighing on its shares today.

Peter Warren Automotive Holdings Ltd (ASX: PWR)

The Peter Warren Automotive share price is down a further 2.5% to $1.75. This automotive retailer's shares have been sold off this week after it released disappointing earnings guidance. Although revenue has continued to grow, the company now expects its underlying profit before tax for FY 2024 to be in the range of $52 million to $57 million. This was lower than market expectations and driven by a significant increase in vehicle supply, which has led to greater competition between dealerships and lower gross profit margins on new vehicles. Its shares are now down 17% since this time last week.

Talga Group Ltd (ASX: TLG)

The Talga share price is down over 6% to 61 cents. This follows the completion of a mining study into the expansion options for its Vittangi Graphite Project in Sweden. While the mining study laid out some reasonably big plans for Vittangi, it came with a number of warnings. One was that it will require estimated capital funding in the order of €520 million to €1,100 million (A$848 million to A$1.8 billion) plus contingencies. Management warned investors "that there is no certainty that the Company will be able to raise that amount of funding when needed."

The post Why Core Lithium, Fortescue, Peter Warren, and Talga shares are falling today appeared first on The Motley Fool Australia.

At the time of writing, the ASX 300 stock is down 13% to 56.5 cents.

This leaves the battery materials developer's shares trading within touching distance of a multi-year low.

Why is this ASX 300 stock crashing?

Investors have been heading to the exits today after the company announced the completion of a mining study into the expansion options for its Vittangi Graphite Project in Sweden.

The release notes that the mining study forms part of a wider integrated scoping study aimed at expanding the ASX 300 stock's existing initial 19,500 tonnes anode per annum (tpa) production of low-emission graphite anode products for lithium-ion battery markets.

According to the release, the study found mine plans supporting 0.6Mtpa, 1.0Mtpa, and 2.0Mtpa Run of Mine (RoM) ore production from existing indicated and inferred JORC resources of 35.0Mt at 23.8%Cg.

However, it also warns that "there is a low level of geological confidence associated with Inferred mineral resources and there is no certainty that further exploration work will result in the determination of Indicated mineral resources or that the production target itself will be realised."

The study also found that a transition to underground mining and optimised development plan negates the need for multiple open pits, with the potential to increase life of mine beyond 40 years at a lower 0.6Mtpa mining rate.

Big investment required

But to get to the above, it will take a significant investment and there is no certainty that it will be able to raise the required funds. The release states:

To achieve the range of outcomes indicated in the Interim Report, capital funding in the order of €520 – €1,100 million [A$848 million to A$1.8 billion] plus contingencies may be required. Investors should note that there is no certainty that the Company will be able to raise that amount of funding when needed.

This compares to the current Talga market capitalisation of approximately A$210 million.

Nevertheless, the ASX 300 stock's CEO, Martin Phillips, is positive on the company's prospects and appears optimistic that today's study is a big step forward for it. He commented:

Our large-scale Swedish graphite project is a key alternative source of strategic raw materials to support the EU's ambitions and the demand from key export markets. The completed mining study underpins the Scoping Study underway to outline expansion options to supply the global battery anode market beyond our initial 19,500tpa project.

The post Why is this ASX 300 stock crashing 13% today? appeared first on The Motley Fool Australia.

That's because Bell Potter is tipping one speculative ASX stock to rise more than 200% from current levels.

Let's dig a bit deeper now and see which stock could potentially more than triple your money if everything goes to plan.

Which ASX stock?

The ASX stock in question is Talga Group Ltd (ASX: TLG). It is a battery anode and advanced materials company aiming to accelerate the global transition towards sustainable growth.

Talga's Lulea Anode Refinery is the first of its kind in Europe. It will manufacture sustainable anode material for greener lithium-ion batteries from the high grade natural graphite mined from Talga's own deposits near Vittangi.

According to the note, the broker has retained its speculative buy rating and $2.35 price target on the company's shares.

Based on its current share price of 75 cents, this implies potential upside of 213% for investors over the next 12 months.

To put that into context, a $5,000 investment would become over $15,000 if Bell Potter is on the money with its recommendation.

What is the broker saying?

Bell Potter highlights that Talga has just released an updated Exploration Target (ET) for its Vittangi natural graphite project in Northern Sweden. It said:

The ET lifts from 170-200Mt to 240-350Mt at the same grade range of 20-30% graphitic carbon (Cg). The expanded range was supported by electro-magnetic surveys and conventional field mapping conducted since 2014, which identified significant conductors at depth and along strike from the existing Mineral Resource Estimate (MRE). Management believes the ET aligns with future demand from offtake partners.

The broker believes this project will be operational for a very long time. It adds:

We currently estimate a 24-year LOM on Stage-1, which consists of a 100ktpa mining rate producing ~19.5ktpa of Anode material. Stage-2 (BPe commencing 4 years post Stage-1) lifts production to over 100ktpa of anode material over 14 years. In our view, the updated guidance indicates to potential offtake partners (and strategic equity) that the Vittangi project is a long-life, high-grade and large-scale anode project of strategic significance.

Finally, supporting its speculative buy rating are the following factors. It concludes:

We maintain our speculative Buy rating and our valuation of $2.35/sh fully diluted and funded. Key milestones over the next 12 months which support our thesis for TLG include 1) Environmental permit clearance 2) Binding offtake for ~75% of production, 3) project funding (BPe 60/40 debt/equity) and 4) construction commencement (BPe 2HCY24).

Time will tell if the broker makes the right call on this speculative ASX stock.

The post Bell Potter says this speculative ASX stock could rise 200%+ appeared first on The Motley Fool Australia.

Four ASX shares that are not letting that hold them back are listed below. Here's why they are rising today:

DroneShield Ltd (ASX: DRO)

The DroneShield share price is up 12% to 95.7 cents. This has been driven by the release of a quarterly update from the counterdrone technology company this morning. For the three months, DroneShield reported record first-quarter revenues of $16.4 million. This is up a massive 10x from $1.6 million in the prior corresponding period. Looking ahead, management advised that it has a $27 million contracted backlog and a sales pipeline of over $519 million. Management also advised that following an expansion of DroneShield's Sydney facility and its supply chain network, its current manufacturing capacity is now $400 million per annum.

Ioneer Ltd (ASX: INR)

The Ioneer share price is up 10% to 21.5 cents. This morning, Ioneer revealed that it has moved one step closer towards the construction of its Rhyolite Ridge Lithium-Boron site. This follows the Bureau of Land Management's (BLM) planned issuance of the project's draft Environmental Impact Statement (EIS). Ioneer notes that the pending release of this draft EIS is the first to be issued from the Biden Administration as part of its efforts to accelerate domestic lithium production. It marks a key milestone in the environmental permitting review process for the proposed greenfield project in Nevada, which management notes is set to inject a critical supply of integral transition materials into the U.S. EV battery production supply chain.

Piedmont Lithium Inc (ASX: PLL)

The Piedmont Lithium share price is up 36% to 28 cents. Investors have been fighting to get hold of this ASX lithium miner's shares today after it received a mining permit for the Carolina Lithium project in the United States. Approval was granted almost three years after its application was submitted. Management said: "We plan to develop Carolina Lithium as one of the lowest cost, most sustainable lithium hydroxide operations in the world, and as a critical part of the American electric vehicle supply chain."

Talga Group Ltd (ASX: TLG)

The Talga share price is up 5.5% to 77.5 cents. This has been driven by the release of the battery materials and technology company's front-end engineering and design (FEED) study for its integrated Vittangi Anode Project in northern Sweden. Talga CEO, Martin Phillips, commented: "The completion of the FEED is a key step in our execution plan and we are very pleased with the results of the process."

The post Why DroneShield, Ioneer, Piedmont Lithium, and Talga shares are racing higher appeared first on The Motley Fool Australia.

Four ASX shares have failed to follow the market's lead today are listed below. Here's why they are falling:

Core Lithium Ltd (ASX: CXO)

The Core Lithium share price is down 2.5% to 37.5 cents. This is despite there being no news out of the lithium miner. However, it is worth noting that most ASX lithium shares are falling on Monday even though their peers on Wall Street ended the week strongly.

Deep Yellow Limited (ASX: DYL)

The Deep Yellow share price is down 9% to $1.20. This may have been driven by profit-taking from some investors in the uranium industry after strong gains in recent months. Deep Yellow's shares have almost doubled in value since the end of July. This has been driven by optimism over long-term uranium demand, which has driven prices of the chemical notably higher.

Goodman Group (ASX: GMG)

The Goodman share price is down 1% to $21.83. This follows the release of the industrial property company's quarterly update. Although Goodman delivered a positive update, some investors may be disappointed that it didn't upgrade its guidance. It continues to forecast operating earnings per share growth of 9% in FY 2024.

Talga Group Ltd (ASX: TLG)

The Talga share price is down 5% to $1.03. This morning, this graphite developer announced a share purchase plan aiming to raise $15 million at a 9% discount of $1 per new share. Proceeds from the share purchase plan will be used to progress critical path development activities for the Vittangi Anode Project, including Refinery site establishment costs, and general working capital.

The post Why Core Lithium, Deep Yellow, Goodman, and Talga shares are falling today appeared first on The Motley Fool Australia.

This side of the market is absolutely booming today despite the broad weakness which is dragging the ASX 200 index 0.9% lower at the time of writing.

Here's the state of play in the industry currently:

• The Novonix Ltd (ASX: NVX) share price is up 11.5% to 73 cents.
• The Renascor Resources Ltd (ASX: RNU) share price is up 18% to 13 cents.
• The Syrah Resources Ltd (ASX: SYR) share price is up 25% to 66.5 cents.
• The Talga Group Ltd (ASX: TLG) share price is up 12% to $1.11.

What's going on with ASX graphite shares?

Investors have been scrambling to buy these shares today after China announced plans to restrict graphite exports.

Given that China is the world's top graphite producer and exporter, and also refines more than 90% of the world's graphite for use in virtually all electric vehicle battery anodes, this could have a major impact on the market.

According to Reuters, China made the move in a bid to control critical mineral supply in response to challenges over its global manufacturing dominance. China's commerce ministry revealed that the move was "conducive to ensuring the security and stability of the global supply chain and industrial chain, and conducive to better safeguarding national security and interests."

Chief commercial officer at Alkemy Capital Investments, Kien Huynh, told the media outlet:

This bold and unexpected move by China in graphite has taken us by surprise, arriving far sooner than anyone could have predicted.

It certainly will have taken short sellers targeting Syrah Resources by surprise today. As we revealed here earlier, the ASX graphite share is one of the most shorted shares on the Australian share market with a short interest of 10.8%.

If this boosts graphite prices outside China, it could be very good news for the company. That's because prices and demand have been so low this year that Syrah has been shutting down its operations periodically to conserve cash. This may not be necessary in the near future.

Comments from Kang Dong-jin, an analyst at Hyundai Motor Securities, certainly sound positive for Syrah and its locally listed peers. He said:

With this new graphite export curb, South Korean firms which heavily rely on China for graphite imports would need to seek alternatives, such as mines from the United States or Australia, but it would likely increase the cost burden for many.

The post What's sending ASX graphite shares racing higher on Monday? appeared first on The Motley Fool Australia.

Four ASX shares that are not letting that hold them back are listed below. Here's why they are rising:

Pointsbet Holdings Ltd (ASX: PBH)

The Pointsbet share price is up 4.5% to $1.70. Investors have been buying this sports betting company's shares after it announced a $1 per share capital return following the initial completion of the sale of its US business. To be eligible to receive this capital return, investors need to own Pointsbet shares before they trade ex-return of capital on 6 September.

Santos Ltd (ASX: STO)

The Santos share price is up 2% to $7.83. This morning, this energy producer announced a binding sale agreement to deliver Kumul Petroleum a 2.6% participating interest in PNG LNG for a total purchase consideration comprising cash of US$576 million and the assumption of US$160 million of project finance debt. An option for a further 2.4% interest has also been agreed.

Talga Group Ltd (ASX: TLG)

The Talga share price is up 5% to $1.28. The catalyst for this is news that Swedish courts have rejected a request to overturn the approval of the environmental and Natura 2000 permit for the graphite producer's Nunasvaara South mine. Management responded: "We are excited to continue working on this critical project for European green battery production alongside the local community and stakeholders."

Webjet Limited (ASX: WEB)

The Webjet share price is up 2.5% to $7.15. This morning, analysts at UBS responded to the company's annual general meeting update by retaining their buy rating and $9 price target. While the broker wasn't blown away by its update, it feels the company is well-positioned to achieve consensus earnings expectations in FY 2024.

The post Why Pointsbet, Santos, Talga, and Webjet shares are pushing higher today appeared first on The Motley Fool Australia.

In afternoon trade on Tuesday, the S&P/ASX 300 Index (ASX: XKO) is up 0.6%.

But this ASX mining share is soaring 7.7%, with shares trading for $1.26 apiece at the time of writing.

Any guesses?

If you said Talga Group Ltd (ASX: TLG), give yourself a gold star.

Investors are bidding up the battery materials company following an announcement of a promising lithium discovery.

Here's what you need to know.

ASX mining share leaps higher on lithium find

The Talga share price is soaring after the ASX mining share updated the market on recent exploration activities at its 100% owned Aero Project, located in Sweden.

The miner recently completed field mapping, baseline geochemical rock outcrop sampling and re-evaluation of its previous copper sampling at the project. The previous results included pegmatite in samples taken between 2017 and 2019.

The new mapping revealed multiple large flat to shallow-dipping pegmatite bodies over a 14 kilometre strike zone that remains open.

The largest was reported to be a 1,100 metre strike and 450 metre width outcrop. Talga said the true (vertical) thickness is still unknown. The ASX mining share has staked an additional exploration licence to cover the prospective zone. The total project area now stands at 134 square kilometres.

According to the release, assays of 26 rock chip samples returned "highly anomalous values in lithium, rubidium, caesium and gallium". Talga reported that several samples contained high grade lithium mineralisation, up to 1.95% Li2O

The ASX mining share also noted that the pegmatite sheets appear "stacked" in several locations, adding that there may be multiple repetitions with depth.

And the project's location could also prove valuable in developing the asset.

Management said its "ideal location near operating mines with low-cost, renewable power and existing logistics may assist in any potential development".

Talga will now pursue more surface sampling, mapping and geophysical surveys to define high-priority targets for drilling. Fieldwork is planned to re-commence in September.

Talga share price snapshot

Despite today's big lift, the ASX mining share remains down 10% over the past full year.

The post Guess which ASX 300 mining share is booming 8% on a new lithium discovery appeared first on The Motley Fool Australia.

However, Bell Direct market analyst Grady Wulff has reminded investors there are so many other ingredients that are required for electric vehicles (EV).

"When investing in the evolving battery metals space, it is important to consider alternative battery metals to lithium as there are many elements that make up EV batteries," she told The Motley Fool.

"We are noticing increasing demand for diversification in the battery metals space."

So if you're looking to buy ASX shares that aren't pure-play lithium shares, here are two suggestions from Bell Potter analysts:

Producing the largest component of EV batteries

The Talga Group Ltd (ASX: TLG) share price has dipped almost 29% since April, but this is a mere buying opportunity in contrast to its longer-term upward trend.

Wulff noted the stock has rocketed more than 127% over the past five years.

"The company's graphite assets in northern Sweden present a strong investment opportunity in the element that makes up 28.1%, or the largest component of current EV batteries."

Conceding that it is a high risk-reward buy, Wulff added that a big catalyst could be coming up for Talga shares.

"The company is awaiting an update on the status of the Nunnasvara South natural graphite mine while also securing €150 million in debt funding from the European Investment Bank (EIB) to support Talga's Vittangi natural graphite and anode business."

According to CMC Markets, the only other two analysts that cover Talga Group also rate the stock as a strong buy.

Mining contractor adding an intriguing side project

Develop Global Ltd (ASX: DVP) shares are up 1.9% year to date and 58% from a year ago.

"Develop's hybrid model as an underground mining contractor and operator of two mining assets drives strong value on an investment front," said Wulff.

However, the company has recently made an interesting acquisition to add to this bread-and-butter.

"Develop has attracted a buy rating from Bell Potter's analysts following the company's recent all-scrip acquisition of 100% of Essential Metals Ltd (ASX: ESS), a lithium and gold explorer with assets in WA including the most advanced asset, the Dome Lithium Project."

This pivot, when complete, will turn Develop Global into an investment that's linked to the fortunes of battery manufacturing.

Similar to Talga Group, Develop Global shares are rated a strong buy by all three analysts that monitor the stock on CMC Markets.

The post Exclusive: Expert tips 2 ASX battery metals shares that aren't lithium stocks appeared first on The Motley Fool Australia.

Four ASX shares that are not letting that hold them back are listed below. Here's why they are rising:

Delta Lithium Ltd (ASX: DLI)

The Delta Lithium share price is up almost 23% to 89.5 cents. Investors have been scrambling to buy this lithium explorer's shares following the release of "stunning" drilling results from the Yinnetharra Lithium Project within the Gascoyne Lithium Province of Western Australia. Management said: "We are very pleased with results to date and with multiple targets to test, we have massive upside ahead of us."

Endeavour Group Ltd (ASX: EDV)

The Endeavour share price is up 2% to $6.27. This may have been driven by demand for companies with defensive earnings in the current uncertain economic environment. In addition, media reports suggest that Endeavour could be looking at making some acquisitions in the near future.

Predictive Discovery Ltd (ASX: PDI)

The Predictive Discovery share price is up 3% to 16.5 cents. This gold share continues its recovery after being sold off earlier this week. Investors were hitting the sell button following the release of assay results from its ongoing drilling programs at the Bankan Gold Project in Guinea. It seems that some investors were actually pleased with the results in the end.

Talga Group Ltd (ASX: TLG)

The Talga share price is up 4% to $1.43. Investors have been buying this graphite developer's shares this week after it received the environmental permit for its commercial battery anode plant in Lulea, Sweden. This will allow Talga to commence refinery construction groundworks in the third quarter of 2023. Once constructed, it will be Europe's first commercial natural graphite anode plant.

The post Why Delta Lithium, Endeavour, Predictive Discovery, and Talga shares are rising appeared first on The Motley Fool Australia.

Four ASX shares that are not letting that hold them back today are listed below. Here's why they are rising:

Azure Minerals Ltd (ASX: AZS)

The Azure Minerals share price is up 11% to $1.38. Investors have been buying this lithium share since the release of positive drilling results from the 60% owned Andover project. Management said that it is "confident that our project has the potential to host lithium resources of world-class scale."

Eroad Ltd (ASX: ERD)

The Eroad share price is up 64% to $1.16. This follows news that the fleet management solutions provider has received a non-binding takeover offer from Canada's Constellation Software Inc (TSX: CSU). An offer of $1.30 per share has been tabled. This represents an 84.4% premium to its last traded price and values Eroad at $146.8 million.

Predictive Discovery Ltd (ASX: PDI)

The Predictive Discovery share price is up 3% to 16 cents. Investors may believe that this gold share has been oversold recently. Investors were selling down Predictive Discovery's shares following the release of assay results from its ongoing drilling programs at the Bankan Gold Project in Guinea.

Talga Group Ltd (ASX: TLG)

The Talga share price is up 2% to $1.40. This has been driven by news that this graphite developer has received the environmental permit for its commercial battery anode plant in Lulea, Sweden. This allows Talga to commence refinery construction groundworks in the third quarter of 2023. It will be Europe's first commercial natural graphite anode plant.

The post Why Azure Minerals, Eroad, Predictive Discovery, and Talga shares are rising appeared first on The Motley Fool Australia.

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

Iluka Resources Limited (ASX: ILU)

The Iluka share price is up over 2% to $11.67. This may have been driven by a broker note out of Goldman Sachs this morning. Its analysts remain very bullish on the mineral sands company and have reiterated their conviction buy rating with a $13.70 price target on its shares.

Lithium Energy Ltd (ASX: LEL)

The Lithium Energy share price is up 3% to 91.5 cents. This follows news that this lithium developer has signed a binding agreement with Lanshen to construct a battery grade lithium plant capable of producing 3,000 tonnes of lithium carbonate per annum at the 90% owned Lithium Brine Project. Lanshen is a leading provider of direct lithium extraction (DLE) technology and plant manufacturing, with industrial-scale commercial DLE plants currently in operation.

Talga Group Ltd (ASX: TLG)

The Talga share price is up 6% to $1.37. Investors have been buying this graphite share on Tuesday after it was revealed that the European Investment Bank (EIB) board has approved 150 million euros in senior debt funding. This will be used to underpin the development of Talga's Vittangi Anode Project in Sweden.

Woodside Energy Group Ltd (ASX: WDS)

The Woodside share price is up almost 2.5% to $36.36. This morning, Woodside revealed that its board has approved the development of the large, high-quality Trion resource in Mexico. The total capital expenditure is expected to be US$7.2 billion, with Woodside's share coming to US$4.8 billion. Management sees scope for production of 100,000 barrels per day from 2028.

The post Why Iluka, Lithium Energy, Talga, and Woodside shares are charging higher appeared first on The Motley Fool Australia.

Four ASX shares that are not letting that hold them back are listed below. Here's why they are pushing higher:

Bega Cheese Ltd (ASX: BGA)

The Bega Cheese share price is up 3% to $3.74. This morning, analysts at Bell Potter retained their buy rating on the diversified food company's shares with an improved price target of $4.10. It said: "In our view the exposure of BGA to relatively stronger commodities (cream cheese and Mozzarella) against the backdrop of commodity driven weaker southern farmgate prices could see EBITDA approach previous BGA-LDD targets of $200-220m."

Elanor Investors Group (ASX: ENN)

The Elanor Investors share price is up 12% to $1.66. This follows news that the investment company is acquiring the real estate funds management business of Challenger Ltd (ASX: CGF). Elanor is paying $41.8 million in scrip for the business. This will see Challenger become Elanor's largest shareholder with an 18.2% stake.

Neometals Ltd (ASX: NMT)

The Neometals share price is up 6% to 60.5 cents. This morning, this battery materials company announced that it will be increasing its ownership in the Vanadium Recovery Project's incorporated joint venture company, Recycling Industries Scandinavia, to 72.5%. The joint venture is currently working towards a final investment decision to construct a facility in Pori, Finland that will process and recover high-purity vanadium pentoxide.

Talga Group Ltd (ASX: TLG)

The Talga share price is up 4% to $1.68. Investors have been buying this graphite developer's shares after it announced the receipt of an environmental permit for the Nunasvaara South natural graphite mine. It is part of the company's vertically integrated Vittangi Anode Project in northern Sweden.

The post Why Bega Cheese, Elanor Investors, Neometals, and Talga shares are pushing higher appeared first on The Motley Fool Australia.

Its gains come on exciting news of the company's Swedish graphite operations – designed to feed its planned battery anode manufacturing plant.

The Talga share price is launching higher to trade at $1.915 at the time of writing. Earlier today, it hit the $2.00 mark, a gain of 23.5%.

Let's look a why the market is powering up the ASX 300 battery stock on Thursday.

What's going on?

Shares in Talga are soaring today after the company revealed its Nunasvaara South natural graphite mine has received a major tick of approval.

The mine was granted an environmental permit, including a Natura 2000 permit, from the Swedish Land and Environment Court yesterday.

Talga managing director Mark Thompson commented on the "key approval", saying:

[This is] a major step in Talga establishing its Swedish natural graphite anode production.

We look forward to continued engagement with all stakeholders as we progress towards mining this strategic resource for use in sustainable European battery production.

Yesterday's court decision is subject to a three-week period in which appeals can be lodged. The company now expects the Swedish Mining Inspectorate to make a decision on its Nunasvaara South exploitation concession application.

Production from the Nunasvaara South graphite mine is intended to go to the ASX 300 company's planned 19,500 tons per annum battery anode manufacturing plant.

The plant is subject to a separate permitting process. If all goes well, early works could kick off at the refinery site early in the second half of 2023.

Talga is currently in advanced negotiations for supply agreements with multiple European battery makers for its graphite anode products.

It's also in discussions with several financial institutions for funding for the Vittangi Anode Project.

Talga share price outperforms ASX 300

The Talga share price has outperformed the ASX 300 in recent months.

Today's gains included, the stock has gained 36% so far this year. Meanwhile, the index has risen 4%.

Looking further back, the battery stock has gained 19% over the last 12 months while the ASX 300 has dumped 4%.

The post Guess which ASX 300 battery stock is soaring 18% on a 'key approval' appeared first on The Motley Fool Australia.

It comes as the company announces a successful $40 million institutional placement and updates the market on permitting advances.

Right now, the Talga share price is $1.60, 14.44% lower than it was when it was frozen ahead of the market opening on Tuesday. However, it hit a low of $1.53 earlier – marking an 18.2% fall.

Let's take a closer look at what might be weighing on the All Ords battery stock today.

ASX All Ords battery stock tumbles on Thursday

Stock in battery materials developer Talga is plummeting as the company returns to trade after offering 25.8 million new shares for $1.55 apiece.

The oversubscribed placement was supported by both new and existing institutional investors.

Managing director Mark Thompson said the demand "highlights the quality of Talga's graphite anode projects and battery material technologies".

The raised funds will go towards the Sweden-based Vittangi Project's early works.

Speaking of the Vittangi Project, Talga revealed a big step for its 100,000 tonnes per annum graphite mining operation at the project's Nunasvaara South.

The main hearing for the operation's environmental permit application began before the Swedish Land and Environment Court late last month and finished yesterday.

The court will publish its decision – which will be subject to certain rights of appeal – on 5 April.

Meanwhile, the company applied for permits to establish a 19,500 tonnes per annum commercial battery anode manufacturing plant in the Luleå Industrial Park.

Permits to build its refinery production facilities have since been granted by the Luleå Municipality. They'll come into force late next month.

Environmental permits are still progressing through the court. A positive ruling could see the company kicking off works at the refinery site in the second half of 2023.

Talga share price snapshot

Fortunately, today's drop hasn't been enough to see the All Ords battery stock in the longer-term red.

The Talga share price is still up 13% year to date and 17% over the last 12 months.

For comparison, the All Ords has gained 5% so far this year. The index is currently flat with where it was this time last year.

The post Why did this ASX All Ords battery stock just crash 18%? appeared first on The Motley Fool Australia.