Lithium Junior Rises on Investor Update: Sean Mason’s Canadian Small Cap Market Movers

Published:

Nevada lithium
plays continued to attract speculators Friday while others took a shine to gold
results. Here’s some small stocks making big moves on Friday, October 2, 2015
(as of 4 pm EST):

Pure Energy Minerals Limited (TSXV: PE) shares gained 18% to $0.60 on Friday after
the lithium-brine resource developer announced that it has scheduled an
Investor Conference Call for October 8, 2015, to provide commentary on its
exploration program and discuss recent corporate developments. The Company added
that it is in strong financial position for the remainder of 2015 and beyond,
and is not actively pursuing any equity financing at this point in time.

As well,
shares of Royce Resources Corp. (TSXV: ROY.H) were unchanged at $0.065 as the junior
explorer said it has signed a letter agreement to acquire a privately-held
company that holds an option to acquire the NSP Lithium Claim Group in Nevada
from Clayton Valley Lithium Inc.

Golden Dawn Minerals Inc. (TSXV:
GOM
), meanwhile, reported results for samples recently collected on the
Greenwood Precious Metal Project in British Columbia, which included 12.97 g/t gold
over 0.87 metres. Golden Dawn Minerals stock moved up 6% to $0.195 following the
announcement.  

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