Montero Mining and Exploration Ltd. (CVE:MON), a lithium explorer, rose after announcing lithium assay results from the Soris Lithium project in Namibia
Assay results lit a fire under the shares of a lithium explorer Wednesday. Here’s some small stocks making big moves on Wednesday, November 29, 2017 (as of 4 pm EST):
Montero Mining and Exploration Ltd. (TSXV:MON) shares powered 39% higher to $0.39 on Wednesday after the lithium explorer announced lithium assay results from reverse circulation chips from a prior operator’s RC drill program at the Soris Lithium project in Namibia, which included 33 metres of 1.07% lithium oxide.
As well, shares of Revive Therapeutics Ltd. (TSXV:RVV) jumped 23% to $0.325 as the biotech company said it has successfully demonstrated its cannabinoid delivery technology as part of its research project with the University of Wisconsin-Madison.
LGC Capital Ltd. (TSXV:LG), meanwhile, reported that it has signed a Binding Letter of Intent with Creso Pharma Limited and Baltic Beer Company Ltd (UK) to develop and market cannabis- and hemp-derived alcoholic and non-alcoholic beverages containing various ingredients, seeds, extracts and terpenes from hemp and cannabis plants. LGC Capital stock moved up 4% to $0.415 following the announcement.
Finally, Cameo Resources Corp. (TSXV:CRU) shares climbed 25% to $1 after the resource junior announced that it has entered into an agreement to acquire the Silver King North Project, a district-scale exploration property contiguous to New Nadina Explorations Ltd.’s Silver Queen Project in British Columbia.
Disclosure: Neither the author nor any of the principals at SmallCapPower, or their family members, own shares in any of the companies mentioned above.
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Montero Mining and Exploration Ltd. (TSXV:MON) shares powered 39% higher to $0.39 on Wednesday after the lithium explorer announced lithium assay results from reverse circulation chips from a prior operator’s RC drill program at the Soris Lithium project in Namibia, which included 33 metres of 1.07% lithium oxide.
