Azzet reports on three ASX stocks with price moving updates today.
James Bay Minerals rockets after acquiring high-grade Shafter Silver Project
Shares in James Bay Minerals (ASX: JBY) were up around 27.9% by 12:55 pm AEST (2:55 am GMT) after the lithium explorer confirmed plans to acquire the partially permitted, high-grade Shafter Silver Project located in Presidio County, Texas.
Positioned just across from the Mexican border, Shafter is considered an eastern extension of the prolific Sierra Madre Belt, offering significant strategic and geological upside.
A presentation sent to prospective investors stated that Shafter has a resource of 17.5 million ounces at 289 grams per tonne of silver and about $150 million worth of infrastructure, including the mines, a processing plant and power substation.
The company expects to restart the mine by 2027 and will pay US$9.5 million ($14.4 million) cash up front and US$8.5 million in cash or shares in two equal instalments over the next 24 months.
Commenting on today’s announcement, James Bay executive chairman, Matthew Hayes, told the market that the Shafter Silver Project represents a rare opportunity to acquire a partially permitted, high-grade silver asset with substantial infrastructure and a rich production history in a premier North American mining jurisdiction.
“With historic production grades comparable to world-class Mexican silver mines, this ‘Mexican-style silver on American soil’ acquisition complements James Bay Minerals’ high grade Independence Gold project in Nevada,” he said.
The Shafter Project is located in Presidio County, Texas, near the town of Marfa, which is situated within a basin carbonate sequence that extends 1,600km from northern Mexico through southwest Texas.
It lies in an extension of Mexico’s Eastern Sierra Madre Belt, which is home to Penasquito, the world's fifth-largest silver-producing mine, operated by Newmont.
The mineralised zone at Shafter spans around 4 kilometres of strike from west to east and gently dips eastward.
The western portion outcrops at the surface and was historically worked as the Presidio Mine, which operated from 1883 until its closure in 1942 due to declining silver prices and wartime legislation.
During that period, the mine produced approximately 2.3 million tons of ore containing 35.2 million ounces of silver, averaging 521 g/t Ag.
The historic Presidio Mine workings include 160km of underground drifts, declines, adits, and stopes, along with four production shafts.
Today’s update follows recent firm commitments from sophisticated and professional investors for a two tranche placement to raise $30 million (before costs) through the issue of 46,153,847 shares at an issue price of $0.65 - a 15.6% discount to the last traded price of $0.77 on 29 September 2025.
Over the next 12-24 months, the company intends to undertake a staged exploration and development program at the Shafter Silver Project, with exploration commencing in November 2025, including surface mapping and geochemical sampling to delineate targets for drill testing in late 2025.
James Bay Minerals has a market cap of $99 million; the share price is up 526% in one year and up 49% in the last week.
The stock is in a strong bullish trend confirmed by multiple indicators. Specifically, a 5-day moving average of the stock price is above the 50-day moving average.
Consensus does not cover this stock.
Metallium Ltd soars after inking agreement with Glencore
Shares in Metallium Ltd (ASX: MTM) were up 15.1% after the mid-cap metals recovery company told the market its U.S. subsidiary, Flash Metals, has signed an agreement with Glencore (LSE: GLEN), one of the world’s largest recyclers of e-waste and batteries.
Marking a defining milestone for Metallium, the deal positions Glencore as a key feedstock supplier for Metallium’s first Texas facility and commits to purchase up to 75% of its recycled metal output - including metallic metals, metal chlorides and metal hydroxides.
Commenting on today’s update, Metallium CEO Michael Walshe believes the agreement validates Metallium’s proprietary Flash Joule Heating technology and supports its U.S. expansion plan to build a national network of recycling hubs. A binding agreement is targeted by year-end.
“It positions the company alongside one of the most influential players in global recycling as it builds a national network of plants near major collection hubs and data centre corridors,” he said.
Both parties are working toward executing a definitive binding agreement by 31 December.
While Glencore holds exclusive negotiation rights over the to-be-contracted offtake volumes under the MOU, Metallium retains rights over niche products such as gallium and rare earths.
To the uninitiated, Metallium is pioneering a low-carbon, high-efficiency approach to recovering critical and precious metals from mineral concentrates and high-grade waste streams.
The company’s patented Flash Joule Heating (FJH) technology enables the extraction of high-value materials, including gallium, germanium, antimony, rare earth elements, and gold, from feedstocks such as refinery scrap, e-waste, and monazite.
Aligned with U.S. strategic supply chain objectives, Metallium recently secured its first commercial site in Texas via its wholly owned subsidiary, Flash Metals USA Inc., marking a major step toward near-term production and revenue generation.
Beyond Texas, Metallium plans to replicate its model of processing printed circuit board waste rich in gold and copper across several U.S. states.
Metallium Ltd has a market cap of $836 million; the share price is up 2,000% in one year and up 85% in the last month.
The stock appears to be in a strong bullish trend, confirmed by multiple indicators. Specifically, a 5-day moving average of the stock price is above the 20 and 50-day moving averages.
Consensus does not cover this stock.
Qoria Limited rallies on broker upgrade
Shares in Qoria Limited (ASX: QOR) - formerly known as Family Zone - were up 7.3% after Bell Potter initiated coverage on the cyber safety large cap with a Buy rating and $0.90 target price.
The broker believes Qoria is at or around an inflection point, with the company expecting to become free cash flow positive in FY26.
“The FY26 guidance also implies or suggests that Qoria expects to achieve the Rule of 40 for the first time with revenue growth of 20% or more and an underlying EBITDA margin above 20%," the broker’s analysts noted today.
The stock’s shares have doubled over the past year following the decision to reject a 40¢ per share bid from K1 Investment Management last April.
In its rebuttal, Qoria told K1 the bid was opportunistic and didn’t reflect its position as a global leader – and time has proven it right.
Floated in 2016, the company sells internet usage monitoring software known as K12 to schools in Australia, the UK and the U.S.
It also sells consumer-facing parental control software known as Qustodio.
Qoria has attracted the interest of fund managers with Regal Funds Management, Perennial Value Management, Seneca Funds Management, and TAMIM Asset Management, having appeared on the shareholder register.
It’s understood that more than 32,000 schools in 100-plus countries use its platform - 17% of U.S. students and 40% in the UK.
The company posted $117 million in revenue for the FY25 financial year and $15.4 million in earnings.
Management also guided to $140 million in revenue and a 20% earnings margin over the next 12 months.
The U.S. is its fastest-growing market and the school's business accounts for around 80% of annualised recurring revenue (ARR) of $145 million.
With valuation models showing that the intrinsic value for the stock is $1.12, the current price suggests there’s still an opportunity to enter the stock at current levels.
Qoria Limited has a market cap in excess of $1 billion; the share price is up 99% in one year and up 14% in the last week.
The stock appears to be in a strong bullish trend confirmed by multiple indicators. Specifically, a 5-day moving average of the stock price is above the 20 and 50-day moving averages.
Consensus is Strong Buy.
This article does not constitute financial or product advice. You should consider independent advice before making financial decisions.
