5 Top Weekly TSXV Stocks: Standard Lithium Posts Good Lab Results

The S&P/TSX Venture Composite Index (INDEXTSI:JX) was up on Friday (August 31), rising 2.80 points to 723.22, or 0.39 percent.

Lots of Canadian news last week. There’s a soured mood around negotiations between the US and Canada over NAFTA wrangling, which US President Donald Trump said would be “totally on our terms,” but Ottawa has alternate feelings.

Canadian PM Justin Trudeau is in a spot of bother over the Trans Mountain Pipeline between Alberta and British Columbia, which would link Canadian crude oil exports to the rest of the world. The pipeline is under a Federal Court of Appeal shadow, as its approval by the Liberal government was overturned on Thursday (August 30).

Speaking of resources, here INN takes a look at what miners and energy juniors have been up to on the Toronto Venture Exchange last week. Below are the top five gainers:

• Gungnir Resources (TSXV:GUG)
• Giyani Metals (TSXV:WDG)
• Nevada Exploration (TSXV:NGE)
• Highland Copper (TSXV:HI)
• Standard Lithium (TSXV:SLL)

Scroll down for information on what each company has been talking about.

Gungnir Resources

Canadian Gungnir Resources is focused on exploration in Sweden where it has three projects: Knaften gold and base metals project, Rormyrberget and Lappvattnet nickel projects and the Norrbotten gold and base metals project.

On Monday (August 27), the company released news that it had drilled 120 m of mineralized conglomerate at its Knaften project in northern Sweden.

While all assays are pending, Gungnir CEO Jari Paakki said, “this is definitely a significant core length of sulphide mineralization, and unique that it is hosted in a conglomerate. With chalcopyrite in the mix, we are anxious to see assay results to determine where this new sulphide target ranks in our exploration plans.”

Over the five-day period Gungnir’s share price has jumped by 166.67 percent on the Toronto Venture Exchange, up to C$0.32.

Giyani Metals

Canadian junior exploration company Giyani Metals is focused on developing its high-grade manganese project in the Kanye Basin of Botwana.

Its most recent news was the appointment of Jonathan Henry as its director on Monday (August 27), noting that he has 20 years of experience in the mining industry.

In Toronto, Giyani’s share price increased by 88.24 percent on the Venture Exchange over the week, to C$0.32.

Nevada Exploration

Gold-focused Nevada Exploration has a portfolio of district-scale projects along Nevada’s Cortez trend, where it hopes to tap into the US state’s prolific gold production numbers.

The company released two batches of news this week, first on Monday when it announced an increase to a private placement due to “excess demand,” taking the placement from C$1.5 million to C$2 million.

On Wednesday (August 29), it announced the closing of the first tranche of financing, having secured C$1.296 million to go towards the company’s exploration projects and for general working capital.

The company was up 47.06 percent in Toronto by Friday, and sat at C$0.25 as of midday PST.

Highland Copper

Highland Copper is focused on developing copper assets in the Upper Peninsula of Michigan, US. The company says that the copper range district there is well known for hosting significant concentrations of copper and silver in numerous deposits. “During its productive period, from 1845 to 1995, the area produced in excess of 15 billion pounds of copper,” said the company.

Highland has its flagship Copperwood project there with a completed feasibility study.

There was no news from the company this week, but at the start of this month it filed documents supporting Copperwood’s feasibility study.

Highland saw a 46.15 percent increase to its share price over the week, and was sitting at C$0.095 on Friday.

Standard Lithium

Standard Lithium is currently focused on the immediate exploration and development of the Bristol Dry Lake lithium project located in the Mojave region of San Bernardino County, California, where it says there is significant mining infrastructure already in place.

Its news this week was about its other project, the Smackover lithium brine project in Arkansas, which is describes as having ‘low risk, near-term production potential.’

In its Tuesday (August 28) release, Standard Lithium reported laboratory results.

“Four brine samples recovered from two existing wells in the project area showed lithium concentrations ranging between 347–461 mg/L lithium, with an average of 450 mg/L lithium in one of the wells, and 350 mg/L in the other,” said the release.

On the Venture Exchange in Toronto, Standard Lithium’s share price was up 41.24 percent over the week to C$1.37.

Data for 5 Top TSXV Stocks articles is retrieved each Friday at 10:30 a.m. PST using tradingview.com. Only companies with a market capitalization greater than $10 million prior to the week’s gains are included. Companies within the basic materials and energy sectors are considered.

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Securities Disclosure: I, Scott Tibballs, hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: Giyani Metals is a client of the Investing News Network. This article is not paid-for content.