Resource News

The top gainer on the TSXV last week was Pacific Wildcat Resources. It was followed by DNI Metals, El Tigre Silver, Melior Resources and Bacanora Minerals.

Here are last week’s top performers on the TSX Venture Exchange.

The top gainer from last week was Pacific Wildcat Resources (TSXV:PAW). It was followed by DNI Metals (TSXV:DNI), El Tigre Silver (TSXV:ELS), Melior Resources (TSXV:MLR) and Bacanora Minerals (TSX:BCN).

Pacific Wildcat Resources 

Pacific Wildcat Resources saw its share price rise 75 percent last week to trade at $0.04.

Pacific Wildcat owns a 70-percent interest in the Mrima Hill niobium and rare earths project in Kenya. Currently it’s engaged in a legal battle with Kenya over the revocation of rights to develop the Mrima Hill project. It did not release any news to explain the change in its share price.

DNI Metals 

Shares of DNI Metals finished the week at $0.15 for a 66.67-percent gain. The company operates two mining projects in Canada: the Alberta black shale metals project and the Alberta frac sand project. It also holds a land position in the Attawapiskat diamond area adjacent to De Beers’ Victor diamond mine. The company did not release any information that would explain the change in its share price.

El Tigre Silver 

Shares of El Tigre Silver gained 32.35 percent to trade at $0.23 last week. The Vancouver-based company owns gold and silver concessions in the Sierra El Tigre area of Northern Mexico. On February 19,  El Tigre announced a loan share agreement and the issuance of bonus shares. The company borrowed a total of $605,000 from three company directors, and the loans will accrue a 10-percent interest rate annually until they reach maturity in 2016.

As compensation, the company awarded the lenders 562,791 bonus shares, split between all three directors on a pro-rated basis, based on their individual contributions to the loan. The transaction is subject to shareholder approval.

Melior Resources 

Melior Resources operates the Goondicum mine project in Queensland, Australia. The project is nearly operational, and has previously produced ilmenite and apatite. Melior also holds 6 percent of available shares for Asian Mineral Resources (TSXV:ASN).

The company’s share price gained 25 percent last week to trade at $0.10. On February 20, Melior filed its second-quarter financial statements and related management discussion and analysis for the three and six months ended December 31 2014.

Bacanora Minerals 

Shares of mineral exploration and development firm Bacanora Minerals gained 24 percent to trade at $1.24 last week. The company operates out of Alberta, Canada, and is developing the Sonora lithium and Magdalena borate projects in Mexico. Bacanora did not release any news to explain the rise in its share price.


Related reading: 

Asian Mineral Resources: Taking on Nickel in Vietnam


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