Base Metals Explorer Climbs on Drill Results

Tethyan Resources plc (TSXV:TETH), a base metals explorer, surged after announcing results from the Kizevak zinc-lead-silver project in Serbia

Sean Mason | September 4, 2018 | SmallCapPower

Promising zinc and silver drill results lifted shares of a base metals explorer Tuesday. Here’s some small stocks making big moves on Tuesday, September 4, 2018 (as of 4 pm EST):

Tethyan Resources plc (TSXV:TETH) shares jumped 6% to $0.25 on Tuesday after the base metals explorer announced results from its initial diamond drill program at the Kizevak zinc-lead-silver project in Serbia, which included 12.0 metres of 22.03% zinc, 10.29% lead, and 167 g/t silver.

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As well, shares of Select Sands Corp. (TSXV:SNS) slid 43% to $0.255 as the industrial silica product company said it has received notice from Liberty Oilfield Services, LLC of its intention to terminate its current frac sand supply agreement with the Company.

Ballard Power Systems (TSX:BLDP), meanwhile, reported that it has agreed to divest certain non-core assets of its subsidiary, Protonex, related to the Power Manager business to Revision Military Ltd., a private U.S.-based company, for up to $16.0 million in cash. Ballard Power stock moved up 9% to $5.08 following the announcement.

Finally, Namaste Technologies Inc. (TSXV:N) shares surged 23% to $2.55 after the cannabis e-commerce platform operator announced that it has signed a veteran patient services agreement and a medical cannabis supply agreement with Breton CannaPharms Ltd.

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Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.

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