Stockhouse Canadian Small and Micro-cap Stock Report for Wednesday, March 16, 2011
TORONTO (SHfn) – Quantum Rare Earth Developments (TSX: V.QRE, Stock Forum) shares surged 20% to 49 cents on Wednesday after the micro cap explorer provided the first NI 43-101 compliant resource estimate for the Elk Creek Niobium Deposit in Nebraska. The estimate for the Elk Creek Deposit, at 0.4% Nb2O5 cut-off grade, is an Inferred Resource of 83.4 Mt at 0.62 Nb2O5%.
As well, shares of Prodigy Gold (TSX: V.PDG, Stock Forum) gained 14% to 32 cents as the junior miner announced initial results for its in-fill and resource expansion drilling program at its 100% owned Magino mine gold project in Ontario. Highlights included 104.6 metres grading 2.06 grams per tonne (g/t) gold.
Mawson Resources (TSX: T.MAW, Stock Forum), meanwhile, said it has received permission from the relevant Finnish authorities to allow shallow (deep til) drilling at the Rompas gold project in Finland. Mawson stock popped 14% to $1.75..
And, Sustainable Energy Technologies (TSX: V.STG, Stock Forum) Wednesday reported that tenKsolar will source its low voltage power electronics requirements for its integrated RAIS Wave system from Sustainable Energy under a long-term supply contract with the company. tenKsolar's demand forecast for the first 12 months of the agreement beginning April 1, 2011, is an estimated 4,600 units, or about 23 MW. tenKsolar has committed to a minimum of 1,600 units (8MW) over this period including units delivered through leading U.S. distributors such as Stuart C. Irby Company. Sustainable Energy shares added as much as 15% at 19 cents.
| Top Canadian Small/Micro-cap Advancers (as of 4 PM Eastern) |
| Top Canadian Small/Micro-cap Decliners |
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