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Bacanora Minerals, Ginguro Exploration, North American Nickel, Latin American Minerals, and Rathdowney Resources were the top junior mining companies last week.
Bacanora Minerals Ltd (TSXV:BCN)
The exploration and development company works on industrial metal projects in Mexico. Its primary focus is boron and lithium. According to the company’s website, Bacanora is based in Canada but considers itself a Mexican company. Its name refers to a Mexican agave liquor that has traditionally been distilled in Sonora.
Bacanora’s shares rose 90 percent last week on a high trading volume of 1,336,387. This improvement is likely due to the company’s Aug. 20 release of positive first-phase drilling results for its lithium joint venture assets. This announcement also came very shortly after a report by Euro Pacific Canada that global demand for lithium is expected to grow significantly in the near future.
Ginguro Exploration (TSXV:GEG)
Based in Sudbury, Ontario, Ginguro Exploration is a mineral exploration company that works on acquiring, exploring and developing properties in Canada and Chile. Last week, its shares jumped 80.95 percent on the TSXV. On Aug. 21, the company announced it increased its non-brokered private placement and would be issuing up to 13 million units. Ginguro’s gain may also be a residual effect of its Aug. 15 report of high-grade gold findings at its Pardo property in Sudbury.
North American Nickel (TSXV:NAN)
Vancouver-based North American Nickel is currently focused on its new asset in Greenland in addition to several properties in what it refers to as two of the world’s best known and most prolific nickel camps in Sudbury, Ontario, and Thompson, Manitoba. The company gained 54.29 percent on the TSXV last week, with a very high trading volume of 4,164,067.
This is due to North American Nickel’s Aug. 23 report of intersecting a significant near-solid to solid sulfide mineralization in noritic host rocks at the Imiak Hill nickel-copper–cobalt zone on its Maniitsoq project in Greenland.
Latin American Minerals (TSXV:LAT)
The mineral exploration company’s focus is on the acquisition and development of emerging exploration opportunities in South and Central America. Its shares rose 53.33 percent last week on a trading volume of 317,550.
Latin American Minerals is based in Toronto and is one of the early entry exploration companies operating in Paraguay, according to its website. Its primary Paso Yobai gold project is Paraguay’s first gold mine. Along with Paso Yobai, Latin American Minerals also has three other large, early-stage project areas.
Rathdowney Resources (TSXV:RTH)
Rathdowney Resources is an emerging zinc exploration company. Its primary asset, Project Olza, is located in the Upper Silesian Mining District of Poland and hosts Mississippi Valley-type deposits. Rathdowney also has properties in Alaska and Ireland. The company’s shares jumped 46.43 percent last week with a trading volume of 16,000.
It has not released any recent news, but Rathdowney has a prospective portfolio of properties and is associated with Hunter Dickinson, a diversified global mining group that works with a number of other mining companies.