5 Top Weekly TSXV Performers: Gratomic’s Benching Program Benefits Share Price

Gratomic has projects in Namibia, Brazil and Canada. The company is presently focused on becoming a leading global graphite supplier through the continued development of its flagship Aukam project.

Last Tuesday (August 9), Gratomic announced plans to commence initial earth-moving activities at Aukam. Describing the process, which is known as benching, the company said: “The benching typically consists of successively cutting berms alongside the mountain edge, which will steadily expose underground material at the same time ensuring the stability of the mountain structure.”

Gratomic estimates that the work will take approximately six months. Shares of the graphite company climbed 63.34 percent higher last week to trade for C$0.44.

Sintana Energy has a strategic joint venture with oil major ExxonMobil (NYSE:XOM) and Ecopetrol (NYSE:EC) to explore the unconventional potential in the Magdalena Basin in Colombia.

Additionally, in Africa, Sintana has strategic exposure to major offshore and onshore projects in Namibia, which it says is emerging as a world-class hydrocarbon province.

The company did not release any updates last week, but it registered a 40.23 percent gain, ending at C$0.14.

Diversified exploration company Metalex Ventures is currently advancing its five claims south of Chibougamau, Quebec. To date, the company has identified strong gold and scandium results in the area.

Earlier this year, Metalex identified drill targets in the Block A5 zone and announced plans to conduct a drill program in the area this summer. Metalex shares enjoyed a 33.69 percent increase last week, closing at C$0.08.

West High Yield Resources is currently advancing its Record Ridge strategic magnesium deposit using green processing techniques to minimize waste and carbon dioxide emissions.

In late June, the explorer hired Toronto-based Oak Hill Financial to assist with investor relations activities. The company has partnered with Oak Hill to enhance its visibility and profile to the public and in the financial community.

Shares of West High Yield rose 32.23 percent over the five day period to end the session at C$0.43.

TAG Oil is an international oil and gas explorer targeting opportunities in the Middle East and North Africa.

At the end of July, TAG released its results for the fiscal year ended March 30.

“The company had C$13.3 million (December 31, 2021: C$14.1 million) in cash and cash equivalents and C$15.4 million (December 31, 2021: C$15.8 million) in working capital and has no debt,” the financial overview notes.

By Friday, shares of TAG had increased by 32.99 percent and closed at C$0.46.