K2 Gold Corporation (CVE:KTO), a gold junior, powered higher after announcing that drilling has begun at the Wels Gold Property in the Yukon Territory
Sean Mason | June 12, 2017 | SmallCapPower
A Yukon drilling announcement by a gold junior caught the attention of more than a few speculators Monday. Here’s some small stocks making big moves on Monday, June 12, 2017 (as of 4 pm EST):
K2 Gold Corporation (TSXV: KTO) shares jumped 25% to $0.45 on Monday after the gold junior announced that drilling has begun at the Wels Gold Property in the Yukon Territory. The Company added that it has increased its financing to $1.2 million due to “strong investor interest.”
As well, shares of ClearStream Energy Services Inc. (TSX: CSM) slid 17% to $0.10 as the maintenance services provider said its President and CEO, John Cooper, has resigned and will be replaced by Company Executive Chairman, Dean MacDonald, on an interim basis.
IC Potash Corp. (TSX: ICP), meanwhile, reported that ICP and Intercontinental Potash Corp. (USA) (ICPUSA) have received a formal offer from the company H20 of Lea County to purchase ICPUSA’s Capitan Reef Complex Aquifer water. IC Potash stock moved up 10% to $0.055 following the announcement.
Finally, Niobay Metals Inc. (TSXV: NBY) shares plunged 60% to $0.20 after the mineral exploration company announced that it has been informed by the Ministry of Northern Development and Mines of Ontario that its application for an exploration permit on the James Bay Niobium project will remain on temporary hold for now. Niobay Metals contends that the leadership of Moose Cree First Nation has refused to open a dialogue with the Company and to discuss their concerns associated with the exploration program and the project.
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Disclosure: Neither the author nor any of the principals at Small Cap Power, or their family members, own shares in any of the companies mentioned above.
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