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Stocks of the Hour: Sayona Mining, Tamboran Resources, Imagion Biosystems

21 Jun 2023 - A snapshot of the stocks on the move featuring Sayona Mining (ASX:SYA), Tamboran Resources (ASX:TBN) and Imagion Biosystems (ASX:IBX).

 

Sayona Mining (ASX:SYA) announced that their preliminary technical study at their NAL lithium carbonate plant study produces an NPV of A$3.2bn. Sayonaโ€™s Managing Director, Brett Lynch commented: โ€œSignificantly, NAL is set to become the only lithium operation with a concentrator and carbonate plant all on the same site in North America. Shares are trading flat at 18 cents.

Tamboran Resources (ASX:TBN) has entered into a Framework Agreement with the Clean Energy Fuels Australia (CEFA) to obtain exclusivity over gas compression and liquefaction facilities from the Beetaloo Basin. MD and CEO, Joel Riddle, said: โ€œThis is the first step in fulfilling our promise to provide these remote communities with alternative affordable and cleaner fuel.โ€ Shares are trading flat at 21 cents.

Imagion Biosystems (ASX:IBX) is set to complete the MagSenseยฎ HER2 Phase 1 Study. Bob Proulx, Imagionโ€™s CEO, commented, โ€œthis now provides strong footing for us to move ahead with our HER2 breast cancer program.โ€ Shares are trading 29.17 per cent higher at 1.55 cents.

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