ASX Runners of the Week: Icetana, Resolution | Australian Markets

Is it the finish of the world as we all know it? Not for the ASX, it appears.

After hitting document all-time highs on Wednesday, the market took a breather on Thursday and Friday, pulling back simply 0.75 per cent as Israel – and by extension the United States – seemingly declared struggle on Iran.

The market mentioned ‘no problemo’ to the news, as an alternative piling into oil as the Brent price surged as a lot as 18 per cent on Friday morning to US$78.50 (A$121) a barrel.

Try to not fear about World War III. Instead, make sure to fill up at the bowser as we speak, because it gained’t be fairly come tomorrow morning.

Aside from a surging oil price, navy assaults on an OPEC member and nuclear powerhouse lead to secure haven spending, of course, with the gold price up more than US$100 to US$3430 an ounce to finish the week.

Bulls N’ Bears’ ASX Runners of the Week listing was a blended bag, with juniors solely simply holding out main Woodside Energy – which noticed its share price go up a staggering 7 per cent on Friday – to surprisingly characteristic no oil and gasoline stocks in any respect. This week’s podium went to a junior AI options supplier that partnered with a world revolutionary robotics developer whereas concurrently raising capital for its associate at a premium.

ICETANA LIMITED (ASX: ICE)

Up 169% (1.6c – 4.3c)

This week’s Bulls N’ Bears ASX Runner of the Week is AI analytics answer supplier Icetana Limited, which despatched the market into a state on Tuesday after sealing 4 blockbuster agreements with SoftBank Robotics Group.

The company’s share price soared a cheeky 131 per cent from 1.6 cents final week to an intraday high of 3.7c.

The company wasn’t fairly carried out there, making a late lunge at the line on Friday to hit 4.3c per share at the death, up 169 per cent on the week. That clinched Runners’s high podium spot.

The world subscription settlement with the US$74 (A$114) billion tech titan is available in the kind of a Japan-exclusive distribution deal and joint development scope with SoftBank.

Icetana will rack up a substantial $3.6 million in contract worth, with SoftBank stepping up as the company’s sole distributor in Japan, guaranteeing $693,000 in annual recurring income.

The partnership didn’t stop there. SoftBank put its money the place its mouth is and tossed in a $1.87M investment to soak up a 17.6 per cent stake in Icetana at a juicy 2c per share. That represents a 33 per cent premium over the company’s 15-day average price of 1.5c a share.

Add to that a three-year, $1.08M R&D program to fuse Icetana’s self-learning security AI with SoftBank’s automation wizardry, and also you’ve acquired a recipe for severe growth.

With SoftBank’s clout opening doorways throughout Japan’s enterprise and public sectors and Icetana’s AI analytics poised to revolutionise large-scale surveillance, this partnership is probably going a tech match made in heaven.

While different corporations haggle over low cost charges, Icetana’s scored a huge win – a transfer that no doubt has shareholders pinching themselves and sending management a fruit basket.

RESOLUTION MINERALS LTD (ASX: RML)

Up 133% (1.8c – 4.2c)

Runner-up Runner of the Week is vital minerals maverick Resolution Minerals, which stormed the boards after snapping up the Horse Heaven polymetallic project in Idaho, reflecting the market’s love affair with gold and antimony – this time in the Trump tariff-free United States.

Resolution’s latest pickup has a cocktail of vital minerals and valuable metals, and is considered potential for antimony, gold, tungsten and silver. The project is snugly subsequent to a latest US govt order benefactor in Perpetua Resources’ $2 billion Stibnite gold-antimony mine – the US’s greatest recognized antimony stash.

The company boasts its latest foray has two red-hot prospects in the 1.2-kilometre Antimony Ridge Fault zone and the 3.5km Golden Gate Fault zone.

The project packs a non-JORC compliant useful resource of 7.25 million tonnes at 0.93 grams per tonne (g/t) for 216,000 ounces of gold at Golden Gate Hill, and a additional 3.17Mt at 0.69g/t for 70,000 ounces at Antimony Hill.

Historical drilling has dished up promising chunky intersections, together with 85.34m at 0.94g/t gold and rock chips peaking at 3.68g/t gold, 367g/t silver and 19.15 per cent antimony.

The project was accompanied by a useful $1.9M capital raising at 1.3c per share by way of Oakley Capital, which pocketed the industry-standard 6 per cent raising charge, plus 69M shares and 72M choices for facilitating the deal. The ‘free’ shares alone had been value a hefty $897,000 at the raise price.

The market didn’t bat an eyelid, sending the company’s share price hovering 28 per cent when trade resumed on Wednesday morning. It then acquired the ball critically rolling, peaking at 4.2c on Friday – up 133 per cent from final week – with aboute $10M in stock trading palms.

Hot on the heels of its Runners bronze place end for its Aussie antimony-gold tasks earlier this yr, Resolution snagged silver this week because of the tariff-war darlings of antimony and tungsten.

Perhaps Resolution’s US vital minerals gamble will at some point earn it a gold medal, however this week the actual winners had been Icetana and the good people at Oakley Capital.

HIGHFIELD RESOURCES LTD (ASX: HFR)

Up 83% (12c – 22c)

The last Runner and third-place taker is potash developer Highfield Resources, which clawed its approach back from the brink with an 83 per cent bounce this week. The company rocketed from a 12c-a-share close final week to a 22c peak on Thursday, as the market regarded for bargain-basement pickups on the mammoth Muga potash project in Spain.

Once a $400 million darling, Highfield’s share price had been pummelled over the previous three years, falling from a high of $1.25 to beneath 10c simply final week.

It has been battered by a drawn-out investment saga with the Foreign Investment Review Board, whereas Chinese heavyweights have circled its flagship Muga potash mine. This week, these clouds parted.

The market hopes a funding jackpot to fast-track Muga’s US$479M development will permit it to supply a large 1 million tonnes each year of muriate of potash fertiliser throughout more than three a long time of mine life.

Earlier this yr, Hong Kong-based Yuankuang Energy Group dedicated to a big US$220M equity raise in Highfield at 50c per share, pending a number of worldwide approvals.

A lowly share price and quite a few latest board resignations counsel the deal is decidedly on the fritz. But with Muga’s low-capex, high-margin design and permits in hand, the company might finally be making a comeback.

While the sundown date on an implementation settlement between Yuankuang and Highfield is set for June 30, the project nonetheless retains a lot of its former promise. Shareholders are no doubt hoping this beleaguered battler can look more like a phoenix rising underneath new management in the second half of the yr.

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