5 Top Weekly TSXV Stocks: Trial Licenses Double Meridian Shares

- September 16th, 2018

Last week, Meridian Mining got a healthy boost from trial licenses for manganese mining, while Aurion Resources, Cordoba Minerals, Diamcor Mining and Cobalt 27 Capital fill out the top TSXV stocks.

The S&P/TSX Venture Composite Index (INDEXTSI:JX) was down on Friday (September 14), falling 1.41 points to 712.91, or 0.2 percent.

News last week was dominated again by trade war talks, with the US auto industry tipped to take a hit from tariffs directed in both directions between the US and China.

Towards the end of the week news cycles were mostly taken up by the impending landfall of Hurricane Florence in the US, which by Friday had already claimed lives.

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In Canada, the TSX was dipping thanks to marijuana stocks, while here the Investing News Network takes a look at what junior miners are up to. Below are the top five gainers of the week:

  • Meridian Mining (TSXV:MNO)
  • Aurion Resources (TSXV:AU)
  • Cordoba Minerals (TSXV:CDB)
  • Diamcor Mining (TSXV:DMI)
  • Cobalt 27 Capital (TSXV:KBLT)

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

Meridian Mining

Meridian Mining is an explorer and developer in the manganese market, with the Espigão project in Brazil producing high-grade manganese in a pilot program.

It also has its toes in a tin joint venture near Ariquemes, also in Brazil, where it’s focused on reprocessing tailings from the existing Bom Futuro mine.

The company had news last week, announcing on Monday (September 10) that it has been granted trial production licenses for the Espigão project to the tune of 6,000 tonnes of manganese oxide per annum.

In Toronto, Meridian’s share price increased by 93.33 percent to C$0.145 by 11:20 a.m. PST on Friday.

Aurion Resources

Canadian explorer Aurion Resources is in the precious metals game, finding and developing early stage opportunities to create partnerships and joint venture deals.

It has a number of projects on the go, all of them in Northern Finland: Silasselka, Kutuvuoma, Ahvenjarvi and Aamurusko — which was the subject of the company’s most recent news release in mid-AugustThe company reported that diamond drilling at the gold project was underway and results were pending.

On the TSXV last week Aurion’s share price increased by 37.96 percent to C$1.49.

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Cordoba Minerals

Toronto-based Cordoba Minerals has copper-gold projects in Colombia’s Cordoba province.

At the end of August, the company said it planned to drill a copper porphyry target in Northwestern Arizona, with drilling “expected to commence in coming weeks.” The company’s share price rose by 25 percent last week to reach C$0.125.

Diamcor Mining

Diamcor Mining is a junior diamond company with a history of operating in South Africa, where it focuses on acquiring projects that deal with the processing of tailings reserves using modern technologies.

Its most recent news came last Wednesday (September 12). It details the results of the tender and sale of rough diamonds recovered as part of initial resumed processing exercises performed following screening modifications at the company’s Krone-Endora at Venetia project.

With that news, Diamcor’s share price increased by 25 percent in Toronto to C$0.35.

Cobalt 27 Capital

Cobalt 27 Capital is positioning itself as a major player in the battery metals market, with physical ownership of 2,982 tonnes of physical cobalt. It’s also in the process of acquiring the world first cobalt-nickel stream on the low-cost, long-life Ramu nickel-cobalt mine and a cobalt stream on Vale’s (NYSE:VALE) Voisey’s Bay mine.

This month, the company announced that it would be presenting at a number of investment conferences through September. Last week its share price increased by 21.48 percent to C$6.22.

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.

Don’t forget to follow us @INN_Resource for real-time updates!

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

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