Lithium Junior Powers Higher on Land Acquisition

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Standard Lithium Ltd. (CVE:SLL), a lithium junior, jumped after announcing that it has significantly expanded its land position in the Bristol Dry Lake Lithium Project in California

Sean Mason | September 12, 2017 | SmallCapPower

A big property expansion put a charge into shares of a lithium junior Tuesday. Here’s some small stocks making big moves on Tuesday, September 12, 2017 (as of 4 pm EST):

Standard Lithium Ltd. (TSXV: SLL) shares climbed 16% to $1.29 on Tuesday after the lithium junior said its wholly-owned subsidiary, California Lithium Ltd., has signed an amendment agreement with National Chloride Company of America that significantly expands the Company’s land position in the Bristol Dry Lake Lithium Project in California by approximately 6,000 acres, to a new total of approximately 25,000 acres.

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As well, shares of Revive Therapeutics Ltd. (TSXV: RVV) rose 15% to $0.155 as the biotech company announced the advancement of the research program with the University of Wisconsin-Madison to evaluate a novel drug delivery technology with a focus on cannabinoids for the potential to treat various diseases, such as pain and inflammation, for the medical marijuana and pharmaceutical markets for Canada and the United States.

OK2 Minerals Ltd. (TSXV: OK), meanwhile, reported that it has discovered what it called large zones of high grade copper-gold mineralization at its Kinskuch Lake property at the southern end of British Columbia’s Golden Triangle. OK2 Minerals stock moved up 37% to $0.13 following the announcement.

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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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