Exploration Stock Climbs on Earn-In Agreement

Mundoro Capital Inc. (TSXV:MUN), an exploration stock, shot up after announcing that it has entered into an earn-in agreement with Freeport-McMoRan

Sean Mason | July 30, 2018 | SmallCapPower

A mineral property option agreement with Freeport-McMoRan boosted an exploration stock Monday. Here’s some small stocks making big moves on Monday, July 30, 2018 (as of 4 pm EST):

Mundoro Capital Inc. (TSXV:MUN), an exploration stock, jumped 29% to $0.155 on Monday after announcing that it has entered into an earn-in agreement with Freeport-McMoRan Exploration Corporation, in which Freeport-McMoRan can earn up to a 75% interest in Mundoro’s Savinac and Bacevica exploration licenses in Serbia by sole funding expenditures of up to US$45 million.

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As well, shares of Pure Global Cannabis Inc. (TSXV:PURE) rose 9% to $0.36 as the life sciences cannabis company said it has appointed Michael Lavergne as its Head of Global Supply Chain Services.

Emerald Health Therapeutics, Inc. (TSXV:EMH), meanwhile, reported that its 50/50 joint venture with Village Farms International, Inc. (TSX:VFF) for large-scale cannabis production, Pure Sunfarms, has received its cannabis sales license from Health Canada. Emerald Health Therapeutics stock moved up 6% to $3.01 following the announcement.

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

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