Teras Resources, North American Nickel, Oceanic Iron Ore, Prophecy Platinum and El Tigre Silver were the top five gainers on the TSX Venture Exchange last week.
Last week, a number of companies enjoyed share price gains on the TSX Venture Exchange.
Here’s a look at the five that saw the greatest increases.
Teras Resources (TSXV:TRA)
Gold and base metals exploration and development company Teras Resources gained 66.67 percent last week on a trading volume of 813,700. Teras has properties in Montana and Nevada, but its main asset is California-based Cahuilla, a disseminated gold-silver system in a hot springs vein. The company’s properties in Montana are the Golden Jubilee property and Watseka mill and mine site. Its Nevada properties include the Corral Canyon and Tombstone projects.
North American Nickel gained 55.56 percent last week on a trading volume of 3,320,206. On September 12, the company announced the discovery of a third mineralized zone at its Maniitsoq project, located in Southwest Greenland. On September 20, the company was featured as Smallcappower’s Daily Momentum Gainer due to its outstanding performance the preceding week.
The company is focused on exploring for nickel and has projects in Greenland, Ontario and Manitoba, all of which are in various stages of exploration and development.
Oceanic Iron Ore (TSXV:FEO)
Oceanic Iron Ore gained 36.36 percent last week on a trading volume of 1,396,134. The company focuses on the development of its Northern Quebec properties, which cover more than 180 miles of iron formation. The properties comprise 3,453 claims over three areas: Hopes Advance, Morgan Lake and Roberts Lake. Proven and probable resources at Hopes Advance total 1.36 billion tonnes of iron ore, or 500 million tonnes of concentrate. The project is expected to produce 10 million tonnes of concentrate yearly starting in 2017. The Quebec government has stated its interest in investing in the company as a minority shareholder.
Prophecy Platinum gained 31.03 percent last week on a trading volume of 424,298. The company, formerly known as Pacific Coast Nickel, concentrates on the acquisition, exploration and development of mineral properties. It focuses on platinum-group metals projects in “politically stable, mining-friendly jurisdictions,” according to its website.
Prophecy’s projects include the Yukon Territory-based Wellgreen property, which is an undeveloped nickel-sulphide project with platinum and palladium resources, as well as the Shakespeare project in Ontario, which has nickel, copper, platinum, palladium and gold reserves. Its other projects include a nickel property in Manitoba and a group of prospecting projects in Uruguay.
El Tigre Silver (TSXV:ELS)
El Tigre Silver gained 27.78 percent last week. The company, which is based in Canada, is engaged in mineral exploration and development. It owns 100 percent of nine mining concessions located in Sierra El Tigre, which is in the northeastern part of Sonora, Mexico. The company plans to build a processing facility to recover silver and gold from a large tailings pile and also plans to explore and develop a large disseminated gold and silver zone associated with the El Tigre vein system. The tailings from which the company aims to recover gold and silver come from 35 years of production at the original mine. Recovering the minerals from the tailings would provide capital for future drilling programs and infrastructure for future mining.
Editorial Disclosure: North American Nickel and Prophecy Platinum are clients of the Investing News Network. This article is not paid-for content.