5 Top Weekly TSXV Performers: Petroteq Energy Leads, Up Nearly 90 Percent

1. Petroteq Energy

Petroteq Energy is working on developing, implementing and licensing a patented, environmentally safe and sustainable technology for extracting heavy oil and bitumen from oil sands and mineable oil deposits.

Last Tuesday (May 24), Petroteq was approved to resume trading on the TSXV. CEO Vladimir offered the flowing comments in a press release:

“The company expresses gratitude for the efforts by the Exchange and its compliance staff for their work toward a mutually agreeable and orderly resumption of trading. The company wishes to thank shareholders for their patience and commitment to Petroteq during this challenging period."

Shares of the energy company were up 88.14 percent at week’s end, trading for C$0.36.

2. Nevada Sunrise Gold

Nevada Sunrise Gold is focused on exploring for gold, copper, cobalt and lithium in Nevada.

In mid-May, the exploration firm released the final lithium assays from a drill program at the Gemini lithium project in Nevada. According to the announcement, “these additional analyses from borehole GEM22-02 have extended the length of the previously-reported mineralized intersection."

Last week, shares of Nevada Sunrise rose 60.69 percent, ending the last full trading week of May priced at C$0.29.

3. Cornish Metals

Cornish Metals is moving its South Crofty tin project forward to a feasibility study, and is also exploring other mineral rights in Cornwall, England. These mineral rights provide the company with exposure to diverse metals.

Last Monday (May 23), Cornish closed a C$64.8 million financing. The proceeds are earmarked for South Crofty and will be used to “push ahead with the dewatering of the mine and delivery of a feasibility study.”

By Friday, shares of the UK-focused explorer had climbed 58.67 percent, ending the period at C$0.42.

4. Tinka Resources

Focused on Peru, Tinka Resources is an exploration and development company that is progressing at its flagship property, the Ayawilca zinc-silver-tin project.

Last Wednesday (May 25), Tinka announced the receipt of a strategic C$11 million investment from Nexa Resources (NYSE:NEXA), the largest zinc producer in Latin America. Nexa has several long-life operating mines and smelting operations in Peru and Brazil.

Following the news, Tinka's share price increased 42.9 percent to reach C$0.20.

5. Chatham Rock Phosphate

Chatham Rock Phosphate is aiming to be the premier supplier of direct-application phosphate to the agricultural sector in New Zealand and globally.

On May 18, the firm announced the commissioning of a scoping study on a standalone 5 million metric ton per annum phosphate/fertilizer export facility in the Port of Townsville. The results are expected sometime in July.

Chatham Rock saw its share value grow by 35.33 percent last week to end the period at C$0.34.