Sean Mason | November 24, 2015 |
SmallCapPower
A
significant resource rise lifted shares of a mineral explorer Tuesday, while an
announcement charged a battery play. Here’s some small stocks making big moves
on Tuesday, November 24, 2015 (as of 4 pm EST):
NGEx Resources Inc. (TSX: NGQ) shares powered 67% higher to $0.80 on Tuesday after
the resource junior announced an updated mineral resource estimate for its Filo
del Sol silver-copper-gold deposit in Argentina, in which the contained copper increased
by 42%, the contained gold increased by 39%, and the contained silver increased
by 71%.
As well,
shares of Golden Dawn Minerals Inc.
(TSXV:
GOM) slid as much as 24% before ending unchanged at $0.11 as
the explorer said all six holes drilled to date have encountered projected
mineralized targets, and that the 1500-2000 metre exploration program continues
at the Greenwood Precious Metal Project in British Columbia.
Goldrush
Resources Ltd. (TSXV:
GOD), meanwhile, reported that it has agreed to be acquired by First Mining Finance Corp. (TSXV:
FF) in an all-stock transaction valued at approximately C$4.42 million. Goldrush
shareholders will receive 0.0714 of a common share of First Mining for each
Goldrush share held. Goldrush Resources stock moved up 33% to $0.02 following
the announcement.
Finally, Nano One
Materials Corp. (TSXV:
NNO) shares jumped 17% to $0.345 after the developer of low-cost processing
technology for the production of high performance battery materials announced
that work has been completed on the conceptual design and cost estimate for a
commercial facility that produces lithium ion battery cathode materials.
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