On Monday, shares of Coretec (TSX: T.CYY, Stock Forum) shot up 48% to 17 cents as the designer and manufacturer of printed circuit boards for the prototype and quick-turn production segments of North America said DDi Corp. (NASDAQ: DDIC, Stock Forum) has made a proposal to acquire all the outstanding shares of Coretec common stock for a price of 20 cents a share, or approximately $3.6 million.
As well, shares of Sego Resources (TSX: V.SGZ, Stock Forum) surged 11% to 10 cents after the junior explorer announced the latest results from the ongoing excavator trenching program on its Miner Mountain Project in British Columbia, which included one metre of 31.47 grams per tonne (g/t) gold and 27.2 g/t silver.
In Tuesday trading, Marathon PGM (TSX: T.MAR, Stock Forum) shares climbed 20% to $1.08 on Tuesday after the micro cap miner reported the optimized reserve estimate for its 100% owned Marathon PGM-Cu Project, located 10 km north of Marathon, Ontario. This new mineral reserve is part of the on-going optimization of the definitive feasibility study of the Marathon Project. Highlights included a contained PGM+gold increase of 24% to 3.4 million ounces.
Also, shares of Wavefront Technology Solutions (TSX: V.WEE, Stock Forum) moved up 19% to $2.72 as the provider of solutions for increasing oil field production and enhancing the treatment of contaminated groundwater said it has entered into a non-binding letter of intent with the Subdireccion Tecnica de Explotation, a department of Pemex PEP, for the use of Wavefront’s Powerwave in both single well stimulation and enhanced waterflood applications.
Wednesday’s market action saw shares of Castle Gold (TSX: V.CSG, Stock Forum) jumped 23% to $1.11 on Wednesday after the micro cap miner said it has entered into a support agreement with Argonaut Gold Inc. in connection with the proposed acquisition by Argonaut of all of the common shares of Castle Gold at a price of $1.25 per fully diluted share.
In addition , shares of Allana Resources (TSX: V.AAA, Stock Forum) gained 14% to 24 cents as the potash explorer/developer announced that it has received multiple unsolicited offers from various strategic counterparties to participate in its potash project located in the Danakil Depression in Ethiopia.
On Thursday, Lake Shore Gold (TSX: T.LSG, Stock Forum) shares added 11% at $3.41 on Thursday after the miner reported results from 21 underground holes (4,417 metres) from the 525 metre and 650 metre levels of its 100% owned Timmins Mine Property in northern Ontario, which included 16.41 grams per tonne (g/t) gold over 14.20 metres.
As well, shares of Electrovaya (TSX: T.EFL, Stock Forum) powered 26% higher to 77 cents as the developer and manufacturer of Lithium Ion SuperPolymer battery systems said it is accelerating the set-up of its joint-venture production facility in Norway with its partner Miljobil Grenland based on robust demand. The Miljobil Grenland joint venture, of which Electrovaya is a shareholder, is establishing a Lithium Ion SuperPolymer cell and battery pack manufacturing facility in Norway to meet the emerging demands of electric vehicles, including the Tata Motors Indica EV.
And, in Friday trading, Dome Ventures (TSX: V.DV.U, Stock Forum) shares climbed 73% to 45 cents on Friday after the micro cap explorer said it has entered into two joint venture agreements with AngloGold Ashanti Limited. The first is an 80/20 joint venture in favour of AngloGold Ashanti, which involves the acquisition of a reconnaissance license over an area comprising 8,295 square kilometers in Gabon, West Africa. Second, AngloGold Ashanti has earned a 20% interest by paying to Dome US$400,000 on signing of the joint venture agreement concerning Dome’s Ndjole and Mevang Licenses in Gabon, each comprised of 2,000 square kilometers.
Finally, shares of Azure Dynamics (TSX: T.AZD, Stock Forum) moved up 15% to 30 cents as the Ford Motor Company announced that Azure Dynamics has joined in a collaborative effort to deliver a pure battery electric Ford Transit Connect van for the United States and Canadian markets in 2010. Azure will integrate its Force Drive battery electric drive train in the Transit Connect van for commercial fleet and retail use.