MacDonald Mines Exploration Ltd. (CVE:BMK), a resource explorer, moved up after acquiring six silica claims in Quebec
Sean Mason | November 22, 2016 | SmallCapPower
A few speculators took a shine to a resource explorer’s silica news Tuesday. Here’s some small stocks making big moves on Tuesday, November 22, 2016 (as of 4 pm EST):
MacDonald Mines Exploration Ltd. (CVE:BMK) shares powered 20% higher to $0.06 on Tuesday after the resource explorer announced that it has agreed to acquire six claims known as the “Charlevoix Silica Property” in Quebec. The property is adjacent to Rogue Resources’ Silicon Ridge Project, which hosts a 43-101 Measured and Indicated resource of 9.7Mt @ 98.6% SiO2.
As well, shares of Naturally Splendid Enterprises Ltd. (CVE:NSP) slipped 18% to $0.36 as the biotechnology company said it has experienced significant growth in gross revenue in 2016 ($6,333,460 YTD) though bulk sales slowed in the third quarter. The Company added that with completion of the final tranche of its private placement, it received an additional $3.2 million, which should give it the working capital to support increased sales and address the production bottlenecks it has been experiencing.
Lithium Americas Corp. (TSE:LAC), meanwhile, reported the re-branding of its Hectatone Inc. clay minerals business as RheoMinerals Inc. As well, RheoMinerals said it has entered into a Technical Assistance and Royalty Agreement with Delmon Co Ltd., part of The Delmon Group of Companies in Saudi Arabia. As consideration for technical assistance, RheoMinerals will receive US$1.2 million in progress payments upon Delmon achieving certain construction and operational milestones in addition to the reimbursements of expenses and costs of technical personnel. RheoMinerals will also receive royalties from the future Delmon Plant production. Lithium Americas stock moved up 14% to $0.81 following the announcement.
Finally, Mission Ready Services Inc. (CVE:MRS) shares jumped 6% to $0.095 after the provider of personal protective equipment announced what it called the successful completion of the Marines Next Generation Body Armor development project for the United States Marine Corps.
Hi, did you know SmallCapPower accepts blog submissions? You can contact me here
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.