Gold Explorer Climbs on Mine Project Acquisition

Gold Bull Resources Corp. (TSXV:GBRC), a gold explorer, gained ground after announcing a LOI to acquire the Coyote Mine project

Sean Mason | September 17, 2020 | SmallCapPower

A prospective property purchase south of the border boosted shares of a gold explorer Thursday. Here’s some small stocks making big moves on Thursday, September 17, 2020 (as of 4 pm EST):

Gold Bull Resources Corp. (TSXV:GBRC) shares advanced 16% to $0.57 on Thursday after the gold explorer announced that it has signed a Letter of Intent to acquire 100% of the Coyote Mine project in Utah, in consideration for an ongoing annual payment of US$50,000.

Win Big With Our Small Cap Picks

 

As well, shares of ImmunoPrecise Antibodies Ltd. (TSXV:IPA) rose 11% to $2.25 as the biotechnology company said it is set to begin a research collaboration with Zymeworks Inc., for the further development of IPA’s multiple antibody candidates to fight COVID-19.

TomaGold Corporation (TSXV:LOT), meanwhile, reported that it has agreed to sell its 25% interest in the Monster Lake Project to IAMGOLD Corporation for $8.5 million, consisting of $500,000 in cash and $8.0 million in IAMGOLD common shares. TomaGold stock moved up 8% to $0.07 following the announcement.

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: