Stockhouse Canadian Small and Micro-cap Stock Report for Wednesday, July 4, 2012
TORONTO (SHfn) – Bison Gold Resources Inc. (TSX: V.BGE, Stock Forum) jumped 53% Wednesday to 13 cents after a former company executive filed a court application in a bid to elect a dissident slate of directors. Amir Mousavi, the company’s former CFO, said the incumbent board failed to address concerns raised about alleged lack of leadership and other matters.
Pele Mountain Resources Inc. (TSX: V.GEM, Stock Forum) rose 33% to 10 cents after the junior unveiled a NI 43-101-compliant economic assessment (PEA) for its Eco Ridge rare earths and uranium project near Elliot Lake, Ontario. Pele Mountain says the PEA demonstrates that Eco Ridge has the potential to become a profitable producer of rare earth oxides and uranium oxide. The PEA forsees a 9,000-tonne-per day operation with life-of-mine production of 97.2 million pounds of rare earth oxides and 27.5 million pounds of uranium oxide over an 11-year mine life.
Lake Shore Gold Corp. (TSX: T.LSG, Stock Forum) (NYSE: LSG , Stock Forum) also rose 6.5% to 99 cents after the company released operating results for the second quarter of 2012. Having produced 24,426 ounces of gold from two Ontario mines in the second quarter, the company says it remains on track to hit a gold pour target of 85,000 ounces to 100,000 ounces this year. Lake Shore is producing gold from its Timmins West and Bell Creek mines.
| Top Canadian Small/Micro-cap Advancers (as of 4 PM Eastern) |
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