• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Energy Market
    Energy News
    Energy Stocks
    • Energy Market
    • Energy News
    • Energy Stocks
    uranium investing

    5 Top Weekly TSXV Stocks: Silvermet Gains on Merger Agreement

    Melissa Shaw
    Aug. 27, 2017 07:40PM PST
    Energy Investing
    Uranium Investing

    Last week’s other top-gaining TSXV stocks were Upper Canyon Minerals, New Stratus Energy, Pacific Booker Minerals and Asian Mineral Resources.

    The S&P/TSX Venture Composite Index (INDEXTSI:JX) rose 0.13 percent on Friday (August 25) to end at 767.18 points.
    Central bankers met in Jackson Hole, Wyoming last week, but traders were not expecting any surprises or changes of course on US monetary policy.
    Oil prices rose slightly on Friday as the US prepared for Hurricane Harvey, which is expected to be the largest storm to hit the US mainland in over a decade. Meanwhile, the Canadian dollar was steady against the US dollar as the market awaited the results of the meeting.


    Against that backdrop, a number of  TSXV-listed mining stocks experienced significant share price gains last week. The five top gainers are as follows:
    • Upper Canyon Minerals (TSXV:UCM.H)
    • New Stratus Energy (TSXV:NSE)
    • Silvermet (TSXV:SYI)
    • Pacific Booker Minerals (TSXV:BKM)
    • Asian Mineral Resources (TSXV:ASN)

    Read on for a brief overview of those companies and what moved their share prices last week.

    Upper Canyon Minerals

    Upper Canyon Minerals’ latest news came on August 17, when it announced a non-brokered private placement to raise gross proceeds of up to $1 million. The company has an option/joint venture agreement with Q-Gold Resources (TSXV:QGR) on two large gold exploration tracts in Ontario.
    The company plans to use the money raised from the offering to pay off its debts and for general working capital, including potential acquisitions, marketing, corporate accounting and geological services. Upper Canyon’s share price rose 86.67 percent to close at $0.28 last week.

    New Stratus Energy

    Red Rock Energy recently changed its name to New Stratus Energy. The company is focused on uranium exploration, and holds a 100-percent interest in 14 claims located near Uranium City in Saskatchewan.
    On August 4, the firm filed a technical report on its Fusion uranium project; it estimates that the area hosts a grade range of 0.2 to 0.25 percent U3O8. The company expects to continue drilling at the site, and last week its share price rose 71.43 percent to close at $0.48.

    Silvermet

    Zinc-focused Silvermet entered into a definitive merger agreement with privately owned Global Atomic Fuels on August 18, just days before LME zinc hit a decade high of $3,180.50 per tonne. The combined venture will be a “high quality uranium development company” called Global Atomic.
    The companies believe the merger will be valuable as positive cashflow from Silvermet’s zinc operations will support continued development of Global Atomic Fuels’ assets. Both companies plan to hold shareholder meetings by the end of September, and if the transaction is approved it will close soon after.
    Silvermet saw its share price rise 63.64 percent over the course of last week to close at $0.13.

    Pacific Booker Minerals

    Pacific Booker Minerals owns the advanced-stage Morrison property in BC. The company has completed a feasibility study on the copper-gold-molybdenum project, which is envisioned as an open-pit mining and milling operation. It is located within 29 kilometers of two past-producing copper mines, Bell and Granisle.
    On August 18, Pacific Booker commented on recent trading of its shares on the TSXV. The company confirmed that its management is unaware of any change in the company’s status that would account for its recent share price increase. The company’s share price rose 57.14 percent over the course of last week to close at $1.10.

    Asian Mineral Resources

    Asian Mineral Resources owns the Ban Phuc nickel mine in Vietnam, which began producing in mid-2013. In April, the company entered into a net smelter royalty agreement with Cobalt 27 Capital (TSXV:KBLT), a company aiming to offer investors access to physical cobalt.
    Last week, Asian Mineral Resources’ share price rose 50 percent to close at $0.03.
    Data for 5 Top Weekly TSXV Stocks articles is retrieved each Friday at 10:30 a.m. PST using The Globe and Mail’s market data filter. Only companies with a market capitalization greater than $10 million prior to the week’s gains are included. Companies within the mining and precious metals sectors are considered.
    Don’t forget to follow us @INN_Resource for real-time news updates!
    Securities Disclosure: I, Melissa Shaw, hold no direct investment interest in any company mentioned in this article.

    global atomic fuelsjoint venturecopper minesuranium investingglobe and mailindextsi jxjoint venture agreement
    The Conversation (0)

    Go Deeper

    AI Powered
    Silver and copper bars with "5 Top Canadian Mining Stocks" text overlay.

    Top 5 Canadian Mining Stocks This Week: Carlton Precious Gains 78 Percent

    copper rolls and gold bars

    5 Top Weekly TSXV Stocks: NorthIsle Copper and Gold Jumps Over 35 Percent

    Latest News

    Fortune Bay: Maximizing Shareholder Value in Gold and Uranium

    CORRECTED: CHARBONE Hydrogen is Acquiring Hydrogen Production Assets and Closing a First Tranche of $1M Private Placement Financing

    CORRIGE: CHARBONE Hydrogene acquiert des actifs de production d'hydrogene et cloture une premiere tranche d'un financement par placement prive de 1 M$

    Purepoint Uranium Closes Final Tranche of $6 Million Private Placement

    Alvopetro Announces August 2025 Sales Volumes

    More News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Energy Investing Stocks

    Saga Metals

    SAGA:CA

    Basin Energy

    BSN:AU

    AuKing Mining

    AKN:AU

    North Shore Uranium

    NSU:CC

    Skyharbour Resources

    SYH:CA

    American Uranium

    AMU:AU
    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×