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Last week’s top gainer on the TSXV was Lion One Metals. It was followed by EPM Mining Ventures, Alexander Nubia International, Nighthawk Gold and Newport Exploration.
Last week, the TSX Venture Exchange enjoyed a midweek recovery, but ultimately closed Friday at 695.31 points.
The top gainer was Lion One Metals (TSXV:LIO). It was followed by EPM Mining Ventures (TSXV:EPK), Alexander Nubia International (TXSV:AAN), Nighthawk Gold (TSXV:NHK) and Newport Exploration (TSXV:NWX).
Lion One Metals
As mentioned, Canada’s Lion One Metals recorded the biggest gain last week. Though it released no news, its share price rose 50 percent to close at $0.50.
Most recently, the company was granted a special mining lease from Fiji’s minister of lands and mineral resources. The license permits Lion One to begin production at its Tuvatu gold project, and according to the company its main focus is advancing that project.
“We are now permitted to enter the next phase in development focused on our goal of bringing Tuvatu into production and becoming Fiji’s next high grade gold mining operation,” Walter Berukoff, Lion One’s chairman and CEO, said at the time.
EPM Mining Ventures
The share price of development-stage company EPM Mining Ventures rose 40 percent last week to reach $0.35.
On May 12, the company announced a private placement with EMR Capital Resources Fund 1, noting that it will issue EMR 34,516,129 units of EPM priced at C$0.30 each for gross proceeds of C$10,354,839. The funds will be used for the development of EPM’s sulfate of potash project at the Sevier Playa in Utah.
Alexander Nubia International
Also on May 12, Alexander Nubia International discovered a new zone of sulfide mineralization at its Hamama project. Its share price increased by 32.14 percent on the news, ending the week at $0.19.
Nighthawk Gold
Canada-based exploration company Nighthawk Gold’s primary land position covers 229,791 acres in the Indin Lake Gold Camp. It did not release any news last week, but its share price rose by 25 percent to hit $0.20.
Newport Exploration
Newport Exploration also enjoyed a 25-percent increase last week. Its share price ended Friday at $0.45.
The company has royalty permits in Australia’s Cooper Basin, as well as a project in British Columbia. Newport announced on May 7 that it is planning the next expansion phase of its Bauer facility, but no further news was released last week.
Data for TSXV Top 5 articles is retrieved and reported each Friday. Only companies with a market capitalization greater than $10 million prior to the week’s gains are included.
Editorial Disclosure: Canada Carbon is a client of the Investing News Network. This article is not paid-for content.
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