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Tuesday’s HotCopper trends: Elevtra, Metallium, EV Resources, and other daily topics

ASX News, Market Summary, Trader Tales
12 May 2026 13:21 (AEST)
HotCopper Daily Market Trends Graphic

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With more than seven million daily users on the HotCopper forums, each and every discussion can move markets. That’s why getting in front of those red-hot trends is key for every trader worth their salt. In this daily HotCopper Trends column, we break down the top Oz stocks through each trading day.

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Taking a look at the top of the HotCopper billboards today: North American lithium producer Elevra Lithium (ASX:ELV) attracted strong forum interest after releasing three significant announcements.

The U.S.-facing company revealed it had purchased and terminated a spodumene concentrate offtake agreement at Moblan, had completed an equity raising comprising a fully underwritten $275 million placement plus SPP to raise up to a further $20 million to support growth, and then released a robust updated scoping study for expansion of the existing North American Lithium mine.

While Elevra Lithium had a wealth of Tuesday morning news, its share price remained steady at $13.74 with a market cap of $2.327 billion.

Also trending today has been Metallium (ASX:MTM). The metals explorer has reported that initial commissioning results have exceeded internal expectations in successfully completing a 12-hour continuous flash joule heating (FJH) reactor campaign at its Gator Point technology campus in Texas.

The company is pioneering a low-carbon, high-efficiency approach to recovering critical and precious metals from mineral concentrates and high-grade waste streams, and has been working on that tech since mid-CY25.

MTM is up around +0.85%, to 59.5¢ at lunchtime.

And finally, HotCopper users have been watching EV Resources (ASX:EVR) after its maiden drilling at the Los Lirios antimony project in Mexico confirmed a broad, laterally extensive antimony carbonate level.

The explorer’s received the first partial results in five of 15 completed holes from the Lirios 1 target. Antimony mineralisation was intersected in four of the first five drill holes, confirming lateral continuity of the CRD horizon.

EVR is down -18.2%, to 0.9¢, through to mid-Tuesday.

Looking wider, the S&P/ASX 200 is lower today, dropping ~35pts. The bottom-performing stocks in this index are DroneShield (ASX:DRO) and Life360 (ASX:360).

That’s Tuesday’s HotCopper Market Trends, I’m Collin Sandell-Hay ⁠— see you for close.

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The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.

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