Battery Metals Junior Powers Higher on Cobalt Deal

Bluebird Battery Metals Inc. (TSXV:BATT), a battery metals junior, climbed after agreeing to acquire a cobalt project in Australia

Sean Mason | June 7, 2018 | SmallCapPower

A cobalt deal Down Under propelled shares of battery metals junior Thursday. Here’s some small stocks making big moves on Thursday, June 7, 2018 (as of 4 pm EST):

Bluebird Battery Metals Inc. (TSXV:BATT) shares jumped 31% to $0.425 on Thursday after the battery metals junior announced that it has entered into a binding letter of intent to acquire the Sandy Point Cobalt Project, which includes the Greendale Polymetallic Project and Reedy Creek Polymetallic Project, in New South Wales, Australia.

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As well, shares of Questerre Energy Corporation (TSX:QEC) sank 31% to $0.68 as the oil and gas junior said the draft hydrocarbon regulations published by the Government of Quebec, if implemented, would have the effect of banning hydraulic fracturing and any meaningful exploitation of natural gas in Quebec.

TWC Enterprises Limited (TSX:TWC), meanwhile, reported that it has agreed to sell the White Pass & Yukon Route rail and port operations based out of Alaska to Carnival Corporation & plc for proceeds of US$290 million, minus debt, income taxes, and other liabilities. TWC Enterprises stock popped 23% to $13.50 following the announcement.

Finally, West Kirkland Mining Inc. (TSXV:WKM) shares gained 21% to $0.085 after the gold explorer announced assay results from continuous sampling completed at surface on the Gold Mountain target located near the Company’s Hasbrouck Gold Project in Nevada, which included 49 metres with an average of 4.34 g/t gold across strike.

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

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