Stockhouse Canadian Small and Micro-cap Stock Report for Wednesday, March 18, 2009
TORONTO (SHfn) – A lithium and rare earth stake made more than a few shareholders happy Wednesday, while a big part of a uranium junior changed hands.
TNR Gold (TSX: V.TNR, Stock Forum) shares jumped as much as 23% before closing up 8% to seven cents on Wednesday after the micro cap miner announced the acquisition by staking of the Forgan Lake and Niemi properties in Ontario, which host lithium and rare earth elements.
As well, shares of Active Control Technology (TSX: V.ACT, Stock Forum) added 28% at 23 cents as the provider of data and tracking system that enables monitoring of production, personnel and equipment in all types of surface and underground mining environments said it will install its first MSHA-approved ActiveMine network. The new system, to be installed in a West Virginia underground coal mine next month, will consist of a 50-node network, making it the largest MSHA-approved underground Wi-Fi network anywhere.
Titan Uranium (TSX: V.TUE, Stock Forum), meanwhile, reported that effective March 17, 2009, Dejour Enterprises Ltd. sold 13.5 million shares it owned of Titan to Mega Uranium Ltd. by way of a private agreement. This block of shares represents approximately 25.5% of the issued and outstanding shares of Titan. Titan stock popped 27% to 21.5 cents.
And, Cardero Resource (TSX: T.CDU, Stock Forum) Wednesday announced that following recent discussions with Nanjinzhao Group Co. Ltd., the company has granted a request for a limited extension to the US$10 million deposit payment due March 17, 2009, in regards to the purchase agreement for the Pampa de Pongo iron ore deposit. Its shares surged 9% to $1.60.
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