I guess the Stockhead article helped with the 20+% increase and shows that there are unexpected consequences/opportunities from the move away from fossil fuels.

After his lithium success, Neil Biddle turns to bitumen

The business plan is undoubtedly ambitious, but with Australia steadily losing access to bitumen extracted from locally refined oil there is no doubting demand growth because even EVs need smooth roads.

With Australia’s annual consumption of bitumen running at close to 800,000 tonnes a year, mainly from road builders, there is an assured market for one of the primary products earmarked for production by Greenvale.

And with local supply starting to decline as oil refineries are closed, the road builders are starting to look for new sources of supply with some already knocking on Greenvale’s door to see when bitumen will become available.

The commercialisation strategy for Alpha is still evolving, but Greenvale is getting closer to declaring a mineral resource, perhaps by the end of the year, with a feasibility study and an ore reserve statement targeted for completion in the first quarter of next year.

After hitting a share price peak of $0.66 in mid-August, Greenvale shares have slipped back to trade around $0.25, valuing the stock at $101 million.

But what makes Greenvale a stock to watch is the past success of Biddle in taking a largely unknown lithium asset in WA’s Pilbara region and helping turn it into a globally significant source of raw material for EVs.