A big mining investment boosted shares of a resource junior Thursday. Here’s some small stocks making big moves on Thursday, December 19, 2019 (as of 11:30 am EST):
Tinka Resources Limited (TSXV:TK) shares jumped 46% to $0.16 on Thursday after the resource junior announced that it has received a strategic investment of C$16 million from Compañia de Minas Buenaventura SAA via a private placement at price of C$0.243 per share.
As well, shares of Clean TeQ Holdings Limited (TSX:CLQ) gained 17% to $0.205 as the metals recovery and industrial water treatment provider said it will collaborate with Panasonic Corporation Global Procurement Company to develop applications for Scandium Aluminium Alloys for Panasonic Group. The two companies have also agreed to a binding Scandium Offtake Heads of Agreement for Clean TeQ to supply up to five tonnes per annum of scandium oxide from the Company’s Sunrise Project in Australia.
QMX Gold Corporation (TSXV:QMX), meanwhile, reported that Eldorado Gold Corporation will make a $4,087,500 strategic investment in QMX by way of a non-brokered private placement at a price of $0.06 per share, resulting in a 19.99% equity stake in QMX. QMX Gold stock moved up 36% to $0.075 following the announcement.
Finally, National Access Cannabis Corp. (TSXV:META) shares rose 7% to $0.31 after the Canadian cannabis retailer announced that Opaskwayak Cree Nation will lend up to $11 million to the Company. META also said it has entered into an agreement with one of the winners of the Ontario cannabis store lottery for an anticipated new Toronto cannabis retail location.
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:
The Content contained on this page (including any facts, views, opinions, recommendations, description of, or references to, products or securities) made available by SmallCapPower/Ubika Research is for information purposes only and is not tailored to the needs or circumstances of any particular person. Any mention of a particular security is merely a general discussion of the merits and risks associated there with and is not to be used or construed as an offer to sell, a solicitation of an offer to buy, or an endorsement, recommendation, or sponsorship of any entity or security by SmallCapPower/Ubika Research. The Reader should apply his/her own judgment in making any use of any Content, including, without limitation, the use of any information contained therein as the basis for any conclusions. The Reader bears responsibility for his/her own investment research and decisions. Before making any investment decision, it is strongly recommended that you seek outside advice from a qualified investment advisor. SmallCapPower/Ubika Research does not provide or guarantee any financial, legal, tax, or accounting advice or advice regarding the suitability, profitability, or potential value of any particular investment, security, or information source. Ubika and/or its affiliates and/or their respective officers, directors or employees may from time to time acquire, hold or sell securities and/or commodities and/or commodity futures contracts in certain underlying companies mentioned in this site and which may also be clients of Ubika’s affiliates. In such instances, Ubika and/or its affiliates and/or their respective officers, directors or employees will use all reasonable efforts to avoid engaging in activities that would lead to conflicts of interest and Ubika and/or its affiliates will use all reasonable efforts to comply with conflicts of interest disclosures and regulations to minimize the conflict.