Lithium Junior Powers Higher on Project Update

Bearing Lithium Corp. (TSXV:BRZ), a lithium junior, surged after announcing that its JV has received environmental approval for the Maricunga project

Sean Mason | February 5, 2020 | SmallCapPower

An environmental approval was good news for shareholders of a lithium junior Wednesday. Here’s some small stocks making big moves on Wednesday, February 5, 2020 (as of 4 pm EST):

Bearing Lithium Corp. (TSXV:BRZ) shares shot up 14% to $0.16 on Wednesday after the lithium junior announced that its joint venture company, Minera Salar Blanco S.A., has received environmental approval for the Maricunga project in Chile. Bearing Lithium holds an 18% interest in the joint venture.

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As well, shares of Walker River Resources Corp. (TSXV:WRR) gained as much as 27% as the gold explorer released additional drill results from the late 2019 reverse circulation drill programs on the Lapon Gold Project in Nevada, which included 96.03 g/t gold (uncut) over 13.7 meters.

Noram Ventures Inc. (TSXV:NRM), meanwhile, revealed a new resource estimate for the Zeus lithium claystone property in Nevada, which shows an Indicated resource of 124 million tonnes at 1136 ppm lithium as well as an Inferred resource of 77 million tonnes lithium at 1045 ppm lithium, for a total of 201 million tonnes at 1101 ppm lithium, using a 900 ppm lithium cut-off. Noram Ventures stock popped 30% to $0.195 following the announcement.

Finally, Datable Technology Corporation (TSXV:DAC) shares rose 20% to $0.03 after the provider of a mobile-based consumer marketing platform announced that it ended January 2020 with approximately $1.1 million of baseline contracted licenses for PLATFORM, its integrated suite of digital marketing applications, which represents an increase of more than 61% of baseline contracted licenses compared to the same period in 2019. The Company added that it expects 2020 revenue to grow by more than 100% and expenses to increase by about 10%.

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Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.

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