1. Guardian Exploration

Described as an oil and gas and mineral exploration company, Guardian Exploration made headlines last month when it completed the acquisition of mining claims in Alaska.

Located on Dall Island, the Kaigani claims were purchased with the issuance of 1 million common shares of Guardian, a cash payment of US$35,000 and a 1.5 percent net smelter royalty.

Guardian has not released any news in the weeks since; however, shares of the diversified junior were up 100.44 percent last week, closing the period at C$0.13.

2. NuLegacy Gold

Focused on gold discovery in Nevada, NuLegacy Gold’s Red Hill project is home to the “highly prospective” Rift Anticline drill target. The property is also next to three of Barrick Gold’s (TSX:ABX,NYSE:GOLD) gold deposits.

Last Tuesday, NuLegacy granted incentive stock options to company directors, officers, employees and consultants. The options allow for the purchase of 9,420,000 common shares priced at C$0.05 each; they are exercisable before March 14, 2027.

Shares of NuLegacy had climbed 57.43 percent by Friday to end the five day session at C$0.05.

3. Leucrotta Exploration

With a focus on Canada's Montney formation, oil and gas explorer and developer Leucrotta Exploration holds a property located in Northeast BC's Mica region. In total, the company owns 240 sections of Montney acreage.

The energy firm released two updates last week, a 2021 reserve report and a current operations and drill update.

“Leucrotta estimates Q1 2022 and current production at 4,250 barrels of oil equivalent per day (boepd),” the most recent release reads. “Production for the remainder of the year is projected to remain relatively flat until the new Alberta Pad is placed on production at which point approximately 4,000 boepd will be added.”

Leucrotta saw its share price rise 33.5 percent last week to trade for C$1.28.

4. Stroud Resources

Stroud Resources is exploring and developing its Santo Domingo epithermal silver project in Central Mexico. In early February, the firm released core assay results that show multiple “high-grade” silver intersections.

President Scott Jobin-Bevans commented: “We are very pleased with the results to date which have demonstrated the potential for several wide vein systems hosting high-grade silver and important gold grades.”

Shares of precious metals-centric Stroud made a 29.41 percent gain last week, closing at C$0.46.

5. Empire Metals

Diversified exploration and development company Empire Metals holds a 100 percent interest in the Buck Lake platinum-palladium-nickel-gold project in Ontario, Canada. Empire also has a controlling interest in the Fox Creek lithium project in Alberta, as well as several other exploration properties.

Despite not releasing any updates since last February, shares of Empire had added 28.76 percent by Friday, ending the five-day trading period at C$0.22.