Cobalt Junior Jumps on Resource Estimate Results

Published:

First Cobalt Corp. (TSXV:FCC), a cobalt junior, gained ground after announcing results of a Mineral Resource Estimate for its Iron Creek Cobalt Project

Sean Mason | September 26, 2018 | SmallCapPower

An Idaho resource estimate sparked shares of a cobalt junior Wednesday. Here’s some small stocks making big moves on Wednesday, September 26, 2018 (as of 4 pm EST):

First Cobalt Corp. (TSXV:FCC) shares climbed 16% to $0.36 on Wednesday after the cobalt junior announced results of the first NI 43-101 Mineral Resource Estimate for its 100%-owned Iron Creek Cobalt Project in Idaho, which showed a resource containing 45 million pounds of cobalt and 175 million pounds of copper.

Win Big With Our Small Cap Picks

 

As well, shares of Invictus MD Strategies Corp. (TSXV:GENE) fell 15% to $1.88 as the Canadian cannabis producer said it has agreed to a $20 million bought deal equity financing at $2 per unit.

MOBI724 Global Solutions Inc. (TSXV:MOS), meanwhile, reported that its wholly-owned Argentinian subsidiary, MOBI724 S.R.L., signed a commercial agreement with MercadoLibre S.R.L., Argentina’s largest online marketplace platform, to implement MOBI724’s suite of integrated Card-Link and Loyalty Solutions with MercadoLibre’s online payments platform. MOBI724 Global stock moved up 36% to $0.095 following the announcement.

Finally, Alderon Iron Ore Corp. (TSX:IRON) shares rose 6% to $0.29 after the iron ore project developer announced results of the updated Feasibility Study on the Rose Deposit of the Kamistiatusset Iron Ore Project in Labrador, which estimates a US$1.7 billion NPV, at 8% discount rate, and a 24.6% IRR (Pre-Tax).

See more Small and Micro Cap Market Movers Daily from Sean Mason. Tomorrow’s big stock market winners could be found here today!

Hi, did you know SmallCapPower accepts blog submissions? You can contact me here

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:

Related articles

Recent articles