3 ASX lithium and battery minerals ASX shares going gangbusters today

The S&P/ASX 200 Materials Index (ASX: XMJ) is up 2% today, but three lithium and battery minerals ASX shares are soaring higher.

The Ragusa Minerals Ltd (ASX: RAS), Talga Group Ltd (ASX: TLG) and Dundas Minerals (ASX: DUN) share prices are all storming ahead.

Let’s take a look at why these three ASX shares are surging today.

Talga Group

Talga shares are lifting 13% today. The company is developing battery and advanced materials in Sweden for a cleaner future. Today, Talga announced it has signed a non-binding off take term sheet with Automotive Cells Company SE (ACC).

Talga will supply ACC with its flagship lithium-ion battery anode product, Talnode-C, from the Vittangi Anode Project in Sweden. Talga will provide ACC with 60,000 tonnes of Talnode-C over five years.

Ragusa Minerals

Ragusa shares are soaring nearly 30% today. This follows an update on the company’s Northern Territory Lithium Project.

The company released details on its upcoming drilling program at the project. Preparation earthworks including access track and drill pad clearing are now complete.

At a recent site visit, a new pegmatite of 150m outcrop was discovered at the eastern edge of the project area.

Commenting on the news, chair Jerko Zuvela said:

We have a significant opportunity to utilise our exploration and development experience to rapidly progress our NT Lithium Project and realise the massive upside value potential in a Tier 1 jurisdiction close to major infrastructure at a time of record lithium prices.

Dundas Minerals

Dundas Minerals shares are soaring 47% today. The company’s shares have surged 196% since the market close on Friday. This follows the company discovering “massive sulphides” in two drill holes.

The company is exploring the Albany-Fraser Orogen belt in Western Australia. Many samples showed sulphides anomalous in cobalt, nickel, copper and silver.

The post 3 ASX lithium and battery minerals ASX shares going gangbusters today appeared first on The Motley Fool Australia.

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More reading

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• Which ASX lithium shares are performing best in 2022?

Motley Fool contributor Monica O’Shea has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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