A nickel
project buyout boosted a resource junior Tuesday while the potential suspension
of copper/cobalt production weighed on a small miner. Here’s some small stocks
making big moves on Tuesday, September 8, 2015 (as of 4 pm EST):
First Point
Minerals Corp. (TSX:
FPX) shares climbed 63% to $0.065 on Tuesday after the resource
explorer/developer announced that it has entered into a binding agreement with
affiliated companies of Cliffs Natural Resources Inc. to purchase Cliffs’ 60%
ownership of the Decar nickel project in British Columbia, for an acquisition
price of US$4.75 million in cash.
As well,
shares of Katanga Mining Limited (TSX: KAT)
slid 10% to $0.18 as the miner said it has begun a review of its business,
including operations and expenses, in light of the challenging environment for
commodities. The review will include an analysis of various alternative
scenarios including the total suspension of copper and cobalt production for up
to 18 months until the completion of the Whole Ore Leach project.
NexGen Energy Ltd. (TSXV:
NXE), meanwhile, reported assay results for six angled holes from the
recently expanded summer 2015 drilling program on its 100% owned Rook I
property in the Athabasca Basin region of Saskatchewan, which included 50.0
metres at 12.01% U3O8. NexGen Energy stock moved up 8% to $0.66 following the
announcement.
Finally, Imperus Technologies Corp. (TSXV:
LAB) shares powered 19% higher to $0.22 after the developer of social and
mobile gaming said it has entered into a binding option agreement to
acquire all of the issued and outstanding shares of the social gaming company
Akamon Entertainment Millennium, S.L., in a cash-and-stock deal valued at US$25,578,904.
Akamon is currently forecasting to generate annualized revenue of approximately
US$16.2 million and US$4.7 million of adjusted EBITDA in 2015.
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