Gold Junior Climbs on Property Purchase

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.

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

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