American Manganese Inc. (CVE:AMY), a specialty metals stock, jumped after announcing results involving lithium cobalt oxide production
Sean Mason | October 14, 2016 | SmallCapPower
Lithium cobalt oxide test results sparked much speculation in a specialty metals stock Friday. Here’s some small stocks making big moves on Friday, October 14, 2016 (as of 4 pm EST):
Specialty metals stock American Manganese Inc. (CVE:AMY) surged 8% to $0.135 after announcing results on the X-Ray Diffractograms, which showed that the experimental work was successful in proving that 100% lithium cobalt oxide could be produced with the American Manganese lithium ion battery cathode material recycling/up-cycling technology.
As well, shares of Aureus Mining Inc. (TSE:AUE) slipped 25% to $0.03 as the gold miner said it has conditionally raised approximately US$72 million via an equity fundraising to finance its transition to an owner-operator mining model, repay amounts due to Nedbank Limited and FirstRand Bank Limited, and to strengthen its balance sheet.
Select Sands Corp. (CVE:SNS), meanwhile, reported that it has entered into a non-brokered private placement financing agreement at a price of C$0.77 per share to raise gross proceeds of up to US$7.5 million to fund the purchase of the Sandtown property. Select Sands stock moved up 6% to $0.85 following the announcement.
Finally, CO2 Solutions Inc. (CVE:CST) shares rose 10% to $0.22 after the enzyme-enabled carbon capture provider announced that the signing of its first commercial deal this past year is not only expected to provide a long-term revenue stream, but is expected to provide leverage towards further commercial deployments and the further scale-up its technology.
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