Resource Explorer Climbs on Niobium Project Update

Published:

Niobay Metals Inc. (TSXV:NBY), a resource explorer, rose after announcing an updated Mineral Resource estimate for its James Bay Niobium Project

Sean Mason | July 9, 2020 | SmallCapPower

More niobium tonnage was good news for shareholders of a resource explorer Thursday. Here’s some small stocks making big moves on Thursday, July 9, 2020 (as of 4 pm EST):

Niobay Metals Inc. (TSXV:NBY) shares jumped 6% to $0.55 on Thursday after the resource explorer announced an updated Mineral Resource estimate for its James Bay Niobium Project in northern Ontario, which showed an increase in tonnage of 33.6% and 13.8%, respectively, for the Inferred and Indicated Resources categories.

Win Big With Our Small Cap Picks

 

As well, shares of Gatekeeper Systems Inc. (TSXV:GSI) fell 12% to $0.46 as the provider of video solutions for public transport said approximately $1.8 million of its previously-announced $6.3 million contract was included in its Q3 2020 financial results.

Vizsla Resources Corp. (TSXV:VZLA), meanwhile, reported that Eric Sprott has agreed to invest C$10 million into the Company via a $25 million bought-deal private placement at a price of C$1.87 per unit, which would give him an 11.3% equity stake in Vizsla. Vizsla Resources stock moved up 21% to $2.65 following the announcement.

Finally, Inca One Gold Corp. (TSXV:IO) shares gained 20% to $0.65 after the junior gold miner announced that it has, through its subsidiary, signed a one-year Ore Purchase Agreement for 40,000 tonnes of gold-bearing material with a subsidiary of PPX Mining Corp.

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 his family own shares in any of the companies mentioned above.

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

Related articles

Recent articles