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Stocks of the Hour: CZN, MPG, IPT

Abbey Phillipps from Finance News Network breaks down some stocks making noise in today's ASX trading session.

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Corazon Mining (ASX:CZN) has announced high grade lithium at their Miriam project in Western Australia. Laboratory analysis has confirmed the presence of the valued commodity, and found high grade values of between 1.01% and 1.85% lithium oxide. Shares are trading 35 per cent higher at 2.7 cents.

Many Peaks Gold (ASX:MPG) has entered into a binding agreement to secure an exclusive right to acquire a 100% interest in the Odyssey Rare Earth Elements Project in Canada. In response, MPGโ€™s Executive Chairman Mr Travis Schwertfeger stated, โ€œThe opportunity identified by MPG to diversify into the critical minerals sector has been secured as part of the Companyโ€™s ongoing business development activity, focused on delivering future growth by generating a pipeline of projects.โ€ Shares are trading 19.6 per cent higher at 30 cents.

Impact Minerals (ASX:IPT) has been selected to participate in the BHP Xplor program to help accelerate exploration needed for the energy transition. Impact will receive up to US$500,000 in cash payments from BHP over the next six months and gain access to a network of internal and external experts. Sonia Scarselli, Vice President at BHP Xplor stated, โ€œWe are confident that the BHP Xplor program will support the companies chosen to accelerate their concepts and ideas, to help take them to the next level.โ€ Shares are trading 25 per cent higher at 1 cent.

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