5 Top Weekly TSXV Performers: Potential Potash Problems Push Encanto Higher

1. Encanto Potash

Benefiting from the supply woes driving the sector, Encanto Potash saw its share value grow by more than 100 percent last week. It is currently focused on exploration and development activities in Saskatchewan.

The last company update was posted to the SEDAR in early March, and it outlines a mutually agreed-upon decision to terminate a framework agreement with Horgen Holdings.

Encanto soared to a 12 month high last Thursday (March 24), and by week’s end was up 162.69 percent at C$0.17.

2. Desert Mountain Energy

Committed to supplying the growing need for critical and renewable energy, Desert Mountain Energy is engaged in the exploration, development and production of helium, hydrogen and noble gas projects in North America.

March has been a busy month for the energy firm, which was selected as the “Best Helium Exploration and Development Company – North America” at the Canadian Business Awards.

Last week, the company completed the drilling of its seventh helium well in the McCauley helium field in Arizona. On Friday, Desert Mountain reported that the Arizona Court of Appeals has ruled unanimously in its favor and has ordered that a previous ruling around its third well be vacated and remanded.

Desert Mountain shares were up 71.47 percent last week, ending the session at C$3.82.

3. Tower Resources

Exploration company Tower Resources is advancing its Rabbit North copper-gold porphyry project and Nechako gold-silver project, both located in BC.

Last Wednesday (March 23), the diversified explorer announced the commencement of diamond drilling at the Rabbit North property, which is situated near Kamloops. The program will test a minimum of six drill holes, with the objective of expanding the newly discovered Golden zone.

By Friday, Tower’s share value had risen 63.82 percent, with the company ending at C$0.18.

4. Aton Resources

Precious metals company Aton Resources is exploring Egypt’s Arabian-Nubian Shield and describes itself as the only public mining company in the country.

Earlier this month, Aton updated shareholders with the latest tranche of results from a Phase II diamond drilling program at its Rodruin gold exploration project. The results highlight the intersection of 1 gram per tonne gold over 129.5 meters, “confirming wide zones of surface mineralisation.”

Shares of Anton climbed 59.73 percent for the last full trading week of March, closing at C$0.29.

5. Great Quest Fertilizer

With projects in Africa, Great Quest Fertilizer is developing its flagship Sanoukou gold project in Mali. Additionally, the firm is advancing the Tilemsi phosphate project, also in Mali.

In mid-February, Great Quest closed a previously announced non-brokered private placement for gross proceeds of C$174,500. Last week, shares of Great Quest were up 57.25 percent, ending the five day period at C$0.11.