Resource Big News Roundup: First Cobalt Restores Power at the Refinery; Canada Cobalt Signs Binding LOI to Acquire Strategic Assets; Aurex Energy Signs LOI For Natural Gas Joint Venture

All of the indices fell by more than one percent on Tuesday this week as investors continued to monitor the trade tensions between the US and China. Stocks immediately fell on Tuesday after the Trump administration placed bans on numerous Chinese government officials and companies that are tied to alleged human rights abuses. Despite a rocky start to the week, the S&P/TSX Composite Index (INDEXTSI:OSPTX) steadily rose for the remainder of the week. The Dow Jones industrial average and the S&P500 both rose 1.6 percent on Thursday thanks to rumors regarding a possible end to the US-China trade war, and reports of an Iranian tanker attack lifted oil prices. 

As for the S&P/TSX Venture Composite Index (INDEXTSI:JX), it steadily declined all week. Seven of the 12 Toronto subgroups were lower with gold leading the way in losses at 2.3 percent, followed by materials slipping one percent and utilities dipping 0.9 percent. Leading the way in gains is energy up 1.4 percent, healthcare rising 0.7 percent and financials edging up at 0.6 percent.

In case you missed it, here is this week’s resource big news roundup:

Base:

• ALX Uranium Acquires Additional Claims at Falcon Nickel Project, Saskatchewan

Battery:

• A.I.S. Resources Signs Option Agreement on New Lithium Solvent Extraction Technology
• American Battery Metals Corporation’s Reservoir Size Vastly Surpasses Original Estimates According to its Geophysical Summary
• First Cobalt Restores Power at the Refinery and Commences Field Program
• E3 Metals’ Joint Development Project Commences with Initial US $1.5 M Contribution from Livent Corporation

Energy:

• Multiple Oil Seeps Documented On Angkor’s New Block VIII License
• Aurex Energy Corp. Signs Letter Of Intent For Natural Gas Joint Venture

Precious: 

• Sixty North Gold Negotiates Proposed Amendments to Earn-in Option Agreement
• Paramount Receives an Environmental Award From the State of Nevada’s Commission on Mineral Resources
• Great Bear Drills 125.00 m of 1.08 g/t Gold Between Bear-Rimini and Yuma Zones
• Canada Cobalt Signs Binding LOI to Acquire Strategic Assets

To see our previous Resource Investing Big News Roundups, please click here.