Noka Resources (V.NX) up 17% on exploration plans

Stockhouse Canadian Small and Micro-cap Stock Report for Tuesday, September 24, 2013 VANCOUVER (SHfn) –

Noka Resources Inc. (TSX: V.NX, Stock Forum) rose 17.2% to 34 cents after announcing exploration plans for its Athabasca Basin properties. Through two agreements, Noka has acquired 100% interest in fifteen properties totalling 201,333 hectares situated in and around the prolific Athabasca Basin, Saskatchewan. In addition, Noka holds a 25% interest in the Western Athabasca Syndicate group of properties, highlighted by the Preston Lake property, which is situated immediately south of the high-grade uranium discovery at Patterson Lake South. Data compilation is currently underway on all of Noka's fifteen wholly owned properties. It is anticipated that this work will be completed shortly, with follow-up programs slated for the highest priority exploration targets. Historic exploration has already identified numerous conductive trends coincident with elevated geochemistry and radioactivity, with additional work recommended. Current planning includes ground radon and geophysical surveys to further delineate existing targets in preparation for future drill programs.

Western Lithium USA Corp. (TSX: T.WLC, Stock Forum) gained 14% to 28 cents after the exploration and development company announced that Orion Mine Finance Fund I has become a strategic 19.9% shareholder of the company. Orion Mine Finance is a $1.14 billion investment fund (as of June 30, 2013) focused on providing financing solutions for the development, construction, expansion or acquisition of mining projects. In addition to their equity interest, Orion Mine Finance holds a royalty with Western Lithium. "We have a long term investor with Orion Mine Finance, who recognizes our prospects to commercialize our hectatone™ organoclay and lithium businesses based on the growth of directional drilling technology and the adoption of electrified automobiles using lithium ion batteries," said Jay Chmelauskas, President and CEO. "In addition, Orion Mine Finance's equity investment is aligned with stakeholders to see Western Lithium achieve production status in order to realize the value of their revenue royalty, also with the company."

Teras Resources Inc. (TSX: V.TRA, Stock Forum) was up 8.1% to 80 cents. The stock is reacting to news of the exploration company’s reverse circulation and diamond drill program at the Cahuilla project in Imperial County, California. The first deep hole, CAH-303, has been completed to a depth of 536 metres and has intersected a deeper zone of strongly altered and veined rock from 390 metres to 427 metres, which is far beneath the near surface disseminated and high grade vein precious metal mineralization. This new discovery is very encouraging because strongly altered rock characterizing the Cahuilla epithermal system has never been encountered at these depths suggesting the hydrothermal system may be far more extensive than previously known.

Enterprise Group, Inc. (TSX: T.E, Stock Forum) lost 2.5% to 78 cents after the company that provides services to the utility, energy and construction industries announced it is preparing to become a U.S. reporting issuer. Enterprise has retained A.B. Korelin & Associates Inc. of Blaine, Wash., to assist the company in its preparation and submission of the company's Form 20-F registration statement with the Securities and Exchange Commission. Filing of the Form 20-F is a necessary first step in Enterprise's strategy to expose United States stockbrokers and investors to the company. Enterprise plans to accomplish this through a wide-ranging series of continuing investor forums in the United States at which time the special features of the Company will be outlined. Once the Form 20-F becomes effective with SEC, Enterprise becomes a fully reporting issuer in the United States. It will also allow the company to consider the advantages of listing on one of the U.S. exchanges.