Platinum Junior Shines on Strategic Investment

Published:

Platinum Group Metals Ltd. (TSE:PTM), a platinum junior, jumped after Impala Platinum Holdings agreed to purchase a 15% interest in the Waterberg Project

Sean Mason | October 16, 2017 | SmallCapPower

A big platinum project investment was good news for shareholders of a platinum junior Monday. Here’s some small stocks making big moves on Monday, October 16, 2017 (as of 4 pm EST):

Platinum Group Metals Ltd. (TSX:PTM) shares surged 21% to $0.64 on Monday after the platinum junior announced that Impala Platinum Holdings Ltd. has agreed to purchase a 15% interest in the Waterberg Project for US$30.0 million, with the option to increase its stake to 50.01% through additional purchases and earn-in arrangements totaling US$166.0 million following the completion of a Definitive Feasibility Study.

Win Big With Our Small Cap Picks

 

As well, shares of GT Gold Corp. (TSXV:GTT) slid 24% to $1.40 as the gold explorer revealed assay results from its Saddle gold discovery in British Columbia, which included 14.75 g/t gold over 12.15 metres.

Epicore BioNetworks Inc. (TSXV:EBN), meanwhile, reported that it has agreed to be acquired by Neovia S.A.S. for C$1.30 per share in cash, or a total consideration of approximately C$35.6 million. Epicore BioNetworks stock popped 25% to $1.30 following the announcement.

See more Small and Micro Cap Market Movers Daily from Sean Mason. Tomorrow’s big stock market winners could be found here today!

Hi, did you know SmallCapPower accepts blog submissions? You can contact me here

Disclosure: Neither the author nor any of the principals at SmallCapPower, or their family members, own shares in any of the companies mentioned above.

To read our full disclosure, please click on the button below:

Related articles

Recent articles