ASX:PLS

ASX Biggest Gainers

Here are the ASX-listed companies with the biggest gains on Friday:Minerals 260 (ASX:MI6): +13%, AU$0.85Pantoro Gold (ASX:PNR): +12%, AU$2.57Develop Global (ASX:DVP): +10%, AU$6.90PLS Group (ASX:PLS): +9%, AU$6.46Elevra Lithium (ASX:ELV): +9%, AU$11.65Genesis Minerals (ASX:GMD): +9%, AU$5.24Bellevue Gold (ASX:BGL): +9%, AU$1.33Almonty Industries (ASX:AII): +9%, AU$24.04Imdex (ASX:IMD): +9%, AU$4.01Sandfire Resources (ASX:SFR): +8%, AU$19.88

ASX Most Active Stocks

Here are the five most actively traded big-cap stocks on the Australian Securities Exchange on Friday.Arafura Rare Earths (ASX:ARU): 18.3 million sharesLiontown (ASX:LTR): 9.6 million sharesMedibank Private (ASX:MPL): 9.4 million sharesDroneShield (ASX:DRO): 8.2 million sharesPLS Group (ASX:PLS): 7.2 million shares

ASX Biggest Gainers

Here are the ASX-listed companies with the biggest gains on Friday.Alcoa Corp (ASX:AAI): +4%, AU$93.22South32 (ASX:S32): +4%, AU$4.29Capstone Copper (ASX:CSC): +3%, AU$13.81James Hardie Industries (ASX:JHX): +3%, AU$28.97Evolution Mining (ASX:EVN): +3%, AU$12.18Rio Tinto (ASX:RIO): +2%, AU$186.03NEXTDC (ASX:NXT): +2%, AU$14.91SGH (ASX:SGH): +2%, AU$41.81Lynas Rare Earths (ASX:LYC): +2%, AU$18.92Pilbara Minerals (ASX:PLS): +2%, AU$6.28

Wildcat Resources Expected to Benefit From Lithium Tailwinds, Says Euroz Hartleys, Shares Hit Two-Year High

Wildcat Resources (ASX:WC8) is expected to benefit from lithium tailwinds, helped by the Middle East conflict, according to a Thursday Euroz Hartleys note.The research firm said that the lithium tailwinds are supported by higher oil prices due to the Middle East conflict, increasing electric vehicle and battery energy storage system (BESS) demand.Euroz Hartleys added that Wildcat Resources is its preferred stock over PLS Group (ASX:PLS) or Liontown (ASX:LTR) because of its significant leverage to lithium pricing and straightforward development position, with granted mining leases, 80-kimometer proximity to Port Hedland, a conventional flowsheet, and AU$43.5 million in cash.Euroz Hartkeys maintained a speculative buy rating on Wildcat Resources and raised its price target to AU$1.21 from $0.61.The company's shares rose 5% in recent Friday trade, hitting a two-year high.

ASX Biggest Gainers

Here are the 10 ASX-listed companies with the biggest gains on Monday.Elevra Lithium (ASX:ELV): +7%, AU$12.92Newmont (ASX:NEM): +6%, AU$166.42IGO (ASX:IGO): +5%, AU$7.39Pilbara Minearls (ASX:PLS): +3%, AU$5.99Breville Group (ASX:BRG): +2%, AU$31.53Evolution Mining (ASX:EVN): +2%, AU$13.08Greatland Resources (ASX:GGP): +2%, AU$14.23Life360 (ASX:360): +1%, AU$21.23Sandfire Resources (ASX:SFR): +1%, AU$17.34Mineral Resources (ASX:MIN): +1%, AU$60.24

ASX Most Active Stocks

Here are the five most actively traded big-cap stocks on the Australian Securities Exchange on Monday.National Storage REIT (ASX:NSR): 129.6 million sharesEQ Resources (ASX:EQR): 24.7 million sharesArafura Rare Earths (ASX:ARU): 13.8 million sharesPLS Group (ASX:PLS): 8.4 million sharesLiontown Resources (ASX:LTR): 7.9 million shares

PLS Group Shows 'Strong' Q3 Production, 'Resilient' Pricing Through 2026, Says Jefferies

PLS Group (ASX:PLS) delivered a "strong" production quarter relative to Jefferies and market forecasts, with resilient lithium pricing through the current calendar year supporting a positive outlook, said Jefferies in a Friday note.The company on Friday reported March quarter production of 232,400 tonnes and revenue of AU$567 million compared to 125,000 tonnes and revenue of AU$150 million a year ago.The investment firm added that PLS maintains elastic production capability and a clearly defined growth pipeline.The company's "soft" third quarter sales will be unwound into the fourth quarter's resilient price environment and maintain a constructive long-term view, supported by supply demand/dynamics and operational fundamentals, the note added.Jefferies kept a buy rating on PLS and raised its price target to AU$6.70 from AU$6.The company's shares rose 1% in recent Monday trade.

PLS Group Starts Commissioning of Mid-Stream Demonstration Plant, Reports Higher March Quarter Production

PLS Group (ASX:PLS) started commissioning of its Mid-Stream Demonstration Plant in Western Australia, with the first product expected in the September quarter, according to a Friday filing with the Australian bourse.The move follows the company securing up to AU$38.1 million in funding from the Australian Renewable Energy Agency to support the plant's operation, and entering an offtake agreement with Ningbo Ronbay New Energy Technology for lithium phosphate produced at the plant.PLS Group also acquired Calix's (ASX:CXL) stake in the plant to gain full ownership and operational control of the facility, per the filing. Calix remains a technology partner in the project, which aims to test more efficient and lower-carbon processing pathways for hard-rock lithium.Separately, PLS Group reported March quarter production of 232,400 tonnes and revenue of AU$567 million.In the year-ago period, the company reported production of 125,000 tonnes and revenue of AU$150 million, an earlier filing showed.

PLS Group Completes $600 Million Offering of Senior Notes Due 2031

PLS Group (ASX:PLS) completed a $600 million offering of 6.875% senior notes due 2031, according to a Thursday filing with the Australian bourse.The company has used part of the net proceeds to refinance the AU$375 million drawn balance of its revolving credit facility, and plans to use the remaining proceeds for general corporate purposes.PLS Group's shares shed about 1% in recent Thursday trade.

Calix, PLS Finalize Western Australia Lithium Project Restructuring Deal

Calix (ASX:CXL) executed final transaction documents with PLS Group (ASX:PLS) to complete the restructuring of the lithium Mid-Stream Project and confirm an updated commercialization framework under binding terms, according to a Monday Australian bourse filing.The deal results in an immediate cash payment of AU$5.7 million to the company, with an additional AU$5.7 million payable unconditionally by July 31, per the filing.PLS is granted a perpetual, royalty-free license to use the company's technology in its own or joint venture lithium operations, while the company retains upside via a 20:80 royalty split on any third-party applications, the filing said.The agreement strengthens the company's cash and liquidity position and sharpens its focus on major market opportunities for its platform technology in iron and steel, cement and lime, alumina, and magnesia, the filing added.Calix shares rose past 2% in recent Monday trade, while PLS shares fell around 1%.

ASX Biggest Gainers

Here are the five ASX-listed companies with the biggest gains on Friday.IGO (ASX:IGO): +6%, AU$9.27Mineral Resources (ASX:MIN): +5%, AU$62.47Pilbara Minerals (ASX:PLS): +5%, AU$5.99Paladin Energy (ASX:PDN): +4%, AU$14.75WiseTech Global (ASX:WTC): +3%, AU$46.56

PLS Group Raises $600 Million in Upsized Senior Notes Offering

PLS Group (ASX:PLS) has successfully priced a $600 million offering of 6.875% senior notes due 2031, increased from an initially planned $500 million, targeting qualified institutional buyers and offshore investors, according to a Thursday filing with the Australian bourse.The notes are scheduled to settle in New York on April 22 and will carry a 6.875% semi-annual interest rate, with the first payment due on Nov. 1, per the filing.The proceeds will be used partly to refinance AU$375 million drawn from its AU$1 billion revolving credit facility, with the balance directed toward general corporate purposes, the filing said.The company will reduce the size of its revolving credit facility from AU$1 billion to AU$500 million, concurrently with the successful closing of the notes offering, the filing added.

Morgan Stanley Downgrades PLS Group to Equalweight from Overweight; Price Target is AU$5.25

PLS Group Receives 'BB' Issuer Default Rating, Stable Outlook From Fitch; Shares Hit All-Time High

PLS Group (ASX:PLS) received an issuer default rating of "BB" with a stable outlook from Fitch Ratings, reflecting its strong business profile as a lithium producer with a production capacity of 1 million tonnes per annum, long reserve life, and flexibility on production levels, according to a Tuesday note from the credit ratings agency.Fitch also assigned PLS's proposed $500 million senior unsecured notes a rating of "BB," the same as PLS's long-term issuer default rating. The ratings firm expects the placement of new bonds to be leverage-neutral because the proceeds will be also used to repay outstanding debt.PLS is the third-largest primary lithium producer globally, and it expects to raise annual production to 820,000 to 870,000 tonnes in fiscal 2026 from its actual output of 755,000 tonnes a year earlier after the completion of the P1000 expansion project. Fitch expects its free-on-board costs to improve to AU$600 per tonne in fiscal 2026 and to AU$550 per tonne in fiscal 2028.PLS is seeking to capture additional value through vertical integration in the battery-material supply chain, and its diversification plan can reduce margin volatility through the cycle, the report noted.PLS Group's shares jumped 2% in recent Tuesday trade and earlier hit an all-time high.

PLS Group Plans Up to $500 Million Senior Unsecured Notes Offering

PLS Group (ASX:PLS) plans to raise up to $500 million through senior unsecured notes due in 2031, subject to market conditions, with the offering targeted at qualified institutional buyers and eligible offshore investors, according to a Tuesday filing with the Australian bourse.The proceeds will be used partly to refinance existing credit facilities, with the remainder allocated for general corporate purposes, the filing added.