Last week, the share prices of a number of junior resource
companies on the TSX Venture Exchange increased.
The five that saw the greatest increases were Ginguro
GEG), Atacama Pacific Gold (TSXV:
ATM), Xtierra (TSXV:
XAG), Eagle Hill Exploration (TSXV:
EAG) and Ucore Rare Metals (TSXV:
Ginguro Exploration, which mines for
the Americas, rose 38.89 percent last week to trade at $0.25.
The company recently
announced that it has applied to the TSX
Venture Exchange to extend the term of certain of its existing
share purchase warrants. The plan has been approved by Ginguro’s
board of directors.
Atacama Pacific Gold
Chile-focused Atacama Pacific Gold rose 38.1 percent to trade at
$0.90 per share last week.
The company recently
reported that metallurgical test results
from the Maricunga oxide gold project continue to look promising.
The tests were aimed at determining how gold could be recovered
using new methods that might be more effective. During the tests,
the majority of leachable gold was extracted in the first 20
days by using high-pressure grind rolls on recoveries.
Xtierra, a company that mines precious and base metals in
Mexico, gained 33.33 percent to trade at $0.12 per share last
Most recently, on April 28, the company
released an updated NI 43-101 compliant
resource estimate and preliminary economic assessment for its
project. Moving forward, Xtierra plans to “seek alternatives to
maximize the value of Bilbao including seeking to develop Bilbao
either alone or in a joint venture with a partner or through
Eagle Hill Exploration
Canada-based Eagle Hill Exploration rose 25 percent last week to
trade at $0.05.
On June 20, the company
closed the final tranche of a non-brokered
private placement, raising $32,500 and “bringing the total raised
pursuant to the Offering to approximately $2.74 million.” The money
will be put toward general working capital.
The company is
holding a general meeting today, after which it
will host a shareholder update.
Ucore Rare Metals
Last week, Ucore Rare Metals rose 24.05 percent to trade at
$0.32 per share.
announced last week that Sean Parnell,
governor of Alaska, has signed legislation authorizing
the Alaska Industrial Development and Export Authority to
provide financing for the company’s Bokan-Dotson Ridge project.
Jim McKenzie, president and CEO of Ucore, commented, “[t]he
official signing of SB99 is an important milestone for our company
and for the people of Alaska. Bokan will advance Alaska’s
economic agenda, and ensure a secure domestic supply line of rare
earth metals for the American market.”