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Huge gains weren’t in the cards for most junior mining companies last week, but there was steady growth in share prices regardless, as well as one case of significant weekly increases.
Huge gains weren’t in the cards for most junior mining companies last week, but there was steady growth in share prices regardless, as well as one case of significant weekly increases. Rio Cristal Resources was the clear winner, followed by EPM Mining Ventures, Flinders Resources, Arian Silver and Kootenay Silver.
Rio Cristal Resources (TSXV:RCZ)
A Canadian exploration company with projects in Peru, Rio Cristal Resources hasn’t been in the news recently for anything beyond share consolidation news and personnel changes. However, that didn’t stop the company from seeing a 185.71 weekly percentage change, or $0.07. It was last trading at $0.10.
EPM Mining Ventures (TSXV:EPK)
Coming in second for stock price rises was EPM Mining Ventures, a development-stage mining company focused on a potash project in southwestern Utah’s Sevier Playa.
Like Rio Cristal, EPM hasn’t been making waves outside of standard shareholder news. However, EPM saw a weekly percentage rise of 45.24, or $0.10, and was trading at $0.31.
Flinders Resources (TSXV:FDR)
Flinders Resources saw a weekly gain of 32 percent, or $0.16, to trade at $0.66, on the heels of news that it had signed a letter of intent with ThyssenKrupp Metallurgical Products for up to 50,000 tons of Woxna flake graphite over the next 10 years.
“I am very pleased to announce this first significant agreement as it is the result of our marketing efforts over the past year and is a major step in growing our business,” said Flinders President and CEO Blair Way in a press release. “As a prominent producer in Europe, Flinders is well positioned in the graphite sector, with the ability to fill consumer needs and provide a sustainable European alternative to Chinese supply.”
Arian Silver (TSXV:AGQ)
Focusing on the silver belt of Mexico, Arian Silver recently announced that it had entered into an investment agreement with Quintana AGQ Holding Co. LLC and Quintana San Jose Streaming Co. LLC worth $32 million.
Jim Williams, CEO of Arian Silver, said this marked a pivotal moment in the admittedly short history of the company.
“Not only will the substantial funds provided allow Arian to complete plant construction at the San Jose mine as previously outlined in detail but also now enable accelerated mine development towards achieving the stated aim of a producing silver and lead/zinc operation at up to 1,500 tons per day,” Williams said in a press release. “It is important to note that the base metal streaming agreement with Quintana only relates to by product lead and zinc leaving Arian completely unhedged in relation to silver.”
Arian experienced a weekly percentage increase of 30, or $0.15, to trade at $0.65.
Kootenay Silver (TSXV:KTN)
After announcing a recent silver discovery on its La Negra prospect in Sonora, Mexico, Kootenay Silver saw a weekly rise of 28.85 percent, or $0.08, to trade at $0.34.
Kootenay President and CEO James McDonald said La Negra is in position to become a substantial yet low-cost near surface silver resource.
“As drilling continues, our objective will be to further define the continuity of silver mineralization on surface and at depth to begin determining the overall scope and extent of the contained silver,” he said in a press release.