South Star Mining Corp. (TSXV:STS), a graphite junior, moved up after announcing an updated mineral resource estimate for its Santa Cruz Graphite Project
An updated resource estimate powered shares of a graphite junior Monday. Here’s some small stocks making big moves on Monday, July 8, 2019 (as of 4 pm EST):
South Star Mining Corp. (TSXV:STS) shares jumped 37% to $0.13 on Monday after the graphite junior announced an updated mineral resource estimate incorporating the 2018 exploration program at its Santa Cruz Graphite Project in Brazil, which now shows 3.95 million tonnes at 2.40% Cg of Measured, 11 million tonnes at 2.25% Cg of Indicated and 7.9 million tonnes at 2.32% Cg of Inferred resources.
As well, shares of CannTrust Holdings Inc. (TSX:TRST) sank 23% to $5 as the Canadian cannabis company said it has received a compliance report from Health Canada notifying CannTrust that its greenhouse facility in Pelham, Ontario is non-compliant with certain regulations.
Intermap Technologies (TSX:IMP), meanwhile, reported that it has entered into a definitive agreement with Lufthansa Systems GmbH & Co KG, which formalizes the business agreement announced on December 17, 2018. The two companies have brought to market the world’s first high-resolution, global geospatial terrain dataset, called Lido/SurfaceData NEXTView. Intermap Technologies stock popped 32% to $0.245 following the announcement.
Finally, Toachi Mining Inc. (TSXV:TIM) shares gained 30% to $0.065 after the resource junior agreed to be acquired by Atico Mining Corporation (TSXV:ATY) in an all-stock transaction. Toachi shareholders will receive 0.24897 of an Atico common share for each Toachi common share held.
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:
The Content contained on this page (including any facts, views, opinions, recommendations, description of, or references to, products or securities) made available by SmallCapPower/Ubika Research is for information purposes only and is not tailored to the needs or circumstances of any particular person. Any mention of a particular security is merely a general discussion of the merits and risks associated there with and is not to be used or construed as an offer to sell, a solicitation of an offer to buy, or an endorsement, recommendation, or sponsorship of any entity or security by SmallCapPower/Ubika Research. The Reader should apply his/her own judgment in making any use of any Content, including, without limitation, the use of any information contained therein as the basis for any conclusions. The Reader bears responsibility for his/her own investment research and decisions. Before making any investment decision, it is strongly recommended that you seek outside advice from a qualified investment advisor. SmallCapPower/Ubika Research does not provide or guarantee any financial, legal, tax, or accounting advice or advice regarding the suitability, profitability, or potential value of any particular investment, security, or information source. Ubika and/or its affiliates and/or their respective officers, directors or employees may from time to time acquire, hold or sell securities and/or commodities and/or commodity futures contracts in certain underlying companies mentioned in this site and which may also be clients of Ubika’s affiliates. In such instances, Ubika and/or its affiliates and/or their respective officers, directors or employees will use all reasonable efforts to avoid engaging in activities that would lead to conflicts of interest and Ubika and/or its affiliates will use all reasonable efforts to comply with conflicts of interest disclosures and regulations to minimize the conflict.
South Star Mining Corp. (TSXV:STS) shares jumped 37% to $0.13 on Monday after the graphite junior announced an updated mineral resource estimate incorporating the 2018 exploration program at its Santa Cruz Graphite Project in Brazil, which now shows 3.95 million tonnes at 2.40% Cg of Measured, 11 million tonnes at 2.25% Cg of Indicated and 7.9 million tonnes at 2.32% Cg of Inferred resources.
