White Metal Resources Corp. (TSXV:WHM), a gold explorer, announcing that it has discovered a new sulphide-mineralized area on the Gunners Cove Gold Project
A new sulphide-mineralized area sparked a bit of speculation in a gold explorer Wednesday. Here’s some small stocks making big moves on Wednesday, July 11, 2018 (as of 4 pm EST):
White Metal Resources Corp. (TSXV:WHM) shares climbed 42% to $0.17 on Wednesday after the gold explorer announced that it has discovered a new sulphide-mineralized area on the Gunners Cove Gold Project in Newfoundland. The Company added that evidence to date suggests the Gunners Cove Gold Project represents an extensive and new unexplored gold system that it has traced intermittently for about 18 kilometres along strike and is locally up to 1.3 kilometres wide.
As well, shares of WeedMD Inc. (TSXV:WMD) slid 16% to $1.72 as the medical cannabis producer said its previously-announced merger with Hiku Brands Company Ltd. has been terminated after Hiku agreed to be acquired by Canopy Growth Corp. WeedMD will receive a $10 million termination fee.
RepliCel Life Sciences Inc. (TSXV:RP), meanwhile, reported that it has signed definitive agreements with YOFOTO (China) Health Industry Co. Ltd., in which RepliCel’s skin rejuvenation and tendon regeneration products will be commercialized in Greater China. RepliCel Life Sciences stock popped 60% to $0.56 following the announcement.
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
To read our full disclosure, please click on the button below:
The Content contained on this page (including any facts, views, opinions, recommendations, description of, or references to, products or securities) made available by SmallCapPower/Ubika Research is for information purposes only and is not tailored to the needs or circumstances of any particular person. Any mention of a particular security is merely a general discussion of the merits and risks associated there with and is not to be used or construed as an offer to sell, a solicitation of an offer to buy, or an endorsement, recommendation, or sponsorship of any entity or security by SmallCapPower/Ubika Research. The Reader should apply his/her own judgment in making any use of any Content, including, without limitation, the use of any information contained therein as the basis for any conclusions. The Reader bears responsibility for his/her own investment research and decisions. Before making any investment decision, it is strongly recommended that you seek outside advice from a qualified investment advisor. SmallCapPower/Ubika Research does not provide or guarantee any financial, legal, tax, or accounting advice or advice regarding the suitability, profitability, or potential value of any particular investment, security, or information source. Ubika and/or its affiliates and/or their respective officers, directors or employees may from time to time acquire, hold or sell securities and/or commodities and/or commodity futures contracts in certain underlying companies mentioned in this site and which may also be clients of Ubika’s affiliates. In such instances, Ubika and/or its affiliates and/or their respective officers, directors or employees will use all reasonable efforts to avoid engaging in activities that would lead to conflicts of interest and Ubika and/or its affiliates will use all reasonable efforts to comply with conflicts of interest disclosures and regulations to minimize the conflict.
White Metal Resources Corp. (TSXV:WHM) shares climbed 42% to $0.17 on Wednesday after the gold explorer announced that it has discovered a new sulphide-mineralized area on the Gunners Cove Gold Project in Newfoundland. The Company added that evidence to date suggests the Gunners Cove Gold Project represents an extensive and new unexplored gold system that it has traced intermittently for about 18 kilometres along strike and is locally up to 1.3 kilometres wide.
