Gold Junior Climbs on Property Purchase

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Gold Bull Resources Corp. (TSXV:GBRC), a gold junior, jumped after agreeing to acquire the Sandman Gold Project

Sean Mason | October 13, 2020 | SmallCapPower

A Nevada gold property acquisition powered shares of a gold junior Tuesday. Here’s some small stocks making big moves on Tuesday, October 13, 2020 (as of 4 pm EST):

Gold Bull Resources Corp. (TSXV:GBRC) shares surged 25% to $0.55 on Tuesday after the gold junior announced that it has agreed to acquire 100% of the Sandman Gold Project in Nevada from Newmont in consideration for US$4 million in cash. Sandman has a current resource of 309,900 gold ounces, mostly in the Measured & Indicated category.

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As well, shares of Nano One Materials (TSXV:NNO) rose 6% to $2.96 as the provider of lithium-ion battery technology said it has developed a “breakthrough” in longevity for a cobalt-free battery that it claims has been successfully demonstrated at automotive rates of charge and discharge for over 900 cycles.

Orosur Mining Inc. (TSX:OMI), meanwhile, reported that its Colombian subsidiary has received approximately US$650,000 from Minera Monte Águila SAS, which is owned 50-50 by Newmont and Agnico Eagle Mines, as a first payment to fund exploration at the Anzá project for the 12-month period beginning on September 7, 2020. Orosur Mining stock moved up 51% to $0.43 following the announcement.

Finally, Spectra7 Microsystems Inc. (TSXV:SEV) shares gained 150% to $0.05 after the provider of analog semiconductor products for broadband connectivity markets announced that Alibaba made public a new white paper “High-speed Copper Cable Technology for Next Generation Data Centers,” which includes details on the use of Active Copper Cables using Spectra7 technology for future deployments.

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

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

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