Junior Explorer Advances on Gold Project Option

Rhyolite Resources Ltd. (TSXV:RYE), a junior explorer, jumped after announcing an option to acquire an interest in the Brothers gold project

Sean Mason | October 14, 2020 | SmallCapPower

A South American gold property option generated interest in shares of a junior explorer Wednesday. Here’s some small stocks making big moves on Wednesday, October 14, 2020 (as of 4 pm EST):

Rhyolite Resources Ltd. (TSXV:RYE) shares climbed 100% to $0.40 on Wednesday after the junior explorer announced an option to acquire an 80% interest in the Brothers gold project in Suriname, in consideration for 15,546,566 Rhyolite shares.

Win Big With Our Small Cap Picks


As well, shares of Touchstone Exploration Inc. (TSX:TXP) surged 27% to $1.97 as the oil and gas producer/explorer said it has encountered what it called a “significant” natural gas discovery at the Chinook-1 exploration well onshore in the Republic of Trinidad and Tobago.

Niobay Metals Inc. (TSXV:NBY), meanwhile, reported results of an independent Preliminary Economic Assessment (PEA) for its wholly-owned James Bay Niobium project near Moose Factory in northern Ontario, which showed an after-tax NPV (8%) of $1.0 billion and IRR of 27.5%. Niobay Metals stock moved up 8% to $0.78 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: