Stockhouse Canadian Small and Micro-cap Stock Report for Wednesday, October 5, 2011
TORONTO (SHfn) – Full Metal Minerals (TSX: V.FMM, Stock Forum) shares surged 57% to 36 cents on Wednesday after the micro cap miner reported that final assay results have been received for the 2011 drilling completed at the Pyramid Porphyry Project in Alaska, which included 155.9 meters averaging 0.71% copper, 0.018% molybdenum, and 0.179 grams per tonne (g/t) gold, or 0.97% copper equivalent.
As well, shares of Niblack Mineral Development (TSX: V.NIB, Stock Forum) shot up 38% to 22 cents as the junior explorer announced that Heatherdale Resources (TSX: V.HTR, Stock Forum) intends to acquire all of the outstanding shares of Niblack on the basis of 0.50 Heatherdale shares per Niblack common share.
Western Lithium USA (TSX: T.WLC, Stock Forum), meanwhile, said it has signed an agreement with the U.S. Department of Energy's Argonne National Laboratory as a step toward the commercialization of lithium carbonate from the company's Kings Valley Lithium Project in Nevada. Western Lithium stock popped 18% to 49 cents.
And, Ring of Fire Resources (TSX: V.ROF, Stock Forum) Wednesday reported that Franco-Nevada has agreed to fund part of ROF's purchase of Project 81 in northern Ontario from AbiBow Canada Inc., for a total funding commitment from Franco-Nevada to ROF of up to $4 million. Ring of Fire shares jumped 18% to 13 cents.
| Top Canadian Small/Micro-cap Advancers (as of 4 PM Eastern) |
| Top Canadian Small/Micro-cap Decliners |
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