Industrial Minerals Stock Powers Up on Offtake Deal

Athabasca Minerals Inc. (TSXV:AMI), an industrial minerals stock, jumped after securing an offtake agreement with Shell Canada Energy

Sean Mason | February 12, 2020 | SmallCapPower

A Shell Canada offtake agreement gave an industrial minerals stock a big lift Wednesday. Here’s some small stocks making big moves on Wednesday, February 12, 2020 (as of 4 pm EST):

Athabasca Minerals Inc. (TSXV:AMI), an industrial minerals stock, surged 45% to $0.34 on Wednesday after announcing that its wholly-owned subsidiary has secured an anchor offtake agreement with Shell Canada Energy for its Duvernay Frac Sand Project in Alberta.

Win Big With Our Small Cap Picks


As well, shares of Pretium Resources Inc. (TSX:PVG) fell 22% to $9.98 as the gold miner said its average annual gold production for the foreseeable future at Brucejack’s Valley of the Kings is currently expected to be in a range comparable with the gold production guidance range for 2020, which is approximately 525,000 ounces as a result of a reduction in the estimated gold grade.

RESAAS Services Inc. (TSXV:RSS), meanwhile, reported that it has signed a new partnership agreement with ZorroSign, Inc, a provider of electronic signature and transaction management software to real estate agents and brokerages. RESAAS Services stock moved up 46% to $0.285 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: