4:05pm: American Lithium adds to gains late afternoon
White Gold closed up 16% at $0.36, while Cordoba Minerals jumped 33% to $0.53, American Lithium finished 19% higher to $2.79, and SpotLite360 IOT Solutions ended up 4% at $0.12.
11:30am: White Gold, Cordoba Minerals shares make big gains
White Gold Corp (TSXV:WGO) shares climbed 19% to $0.37 on Thursday after the Yukon-focused gold project developer announced assay results from the 2022 drill program at the Betty Ford target in Canada’s Yukon Territory, which included 8.9 grams per tonne ( g/t) gold over 18.3 metres (m) from 35.1m depth.
As well, shares of Cordoba Minerals Corp (TSXV:CDB) shot up 38% to $0.55 as the mineral exploration company said China’s JCHX Mining Management Co, Ltd will purchase a 50% interest in Cordoba's flagship Alacran copper project in Colombia for a total consideration of US$100 million, of which US$40 million will be payable in cash upon closing (expected to occur before the end of the first quarter of 2023).
READ: Cordoba Minerals to sell 50% of Alacran project in Colombia for US$100M
American Lithium Corp (TSXV:LI) stock, meanwhile, continued to move higher Thursday, up 12% to $2.62 following a 4% gain on Wednesday, after the lithium projects developer reported that it has made the decision to pursue a ‘spin-out’ of its Macusani uranium project into an independent public company.
And, SpotLite360 IOT Solutions Inc (CSE:LITE) shares rose 9% to $0.125 after the logistics technologies solutions provider announced that it has entered into a non-binding Letter of Intent (LOI) to acquire all of the issued and outstanding securities of TrackX Holdings Inc.
TrackX operates as an enterprise asset management company deploying SaaS-based solutions leveraging multiple auto-ID and sensor technologies for the comprehensive tracking and management of physical assets, according to the company.
Contact Sean at sean@proactiveinvestors.com