4:05pm: Fokus Mining, Context Therapeutics (NASDAQ:CNTX) shares end sharply higher
Fokus Mining closed up 22% at $0.14, while Context Therapeutics gained 55% to $1.06, Frontier Lithium (TSX-V:FL, OTCQX:LITOF) finished 13% higher to $2.65, and Sirios Resources (TSX-V:SOI) ended up 8% at $0.07.
11:50am: Fokus Mining, Context Therapeutics (NASDAQ:CNTX) shares make big gains
Fokus Mining Corporation (TSXV:FKM) shares jumped 30% to $0.15 on Tuesday after the mineral resource company announced that hole GA-22-63 in the RB Zone of its Galloway project in Quebec intersected 1.03 grams per tonne (g/t) gold over a hole length of 229.5 metres (m), including a 130.5m zone grading 1.41 g/t gold.
As well, shares of Context Therapeutics (NASDAQ:CNTX) surged 64% to $1.12 as the company developing novel treatments for solid tumors with a primary focus on female cancers revealed that its clinical trial collaborator, Stemline Therapeutics Inc (NASDAQ:STML), has received approval from the US Food and Drug Administration (FDA) for ORSERDU (elacestrant) for the treatment of postmenopausal women or adult men with estrogen receptor–positive (ER+), HER2-negative (HER2-), Estrogen Receptor 1 gene (ESR1)-mutated advanced or metastatic breast cancer with disease progression following at least one line of endocrine therapy.
READ: Context Therapeutics says clinical partner Stemline Therapeutics receives FDA approval for ORSERDU to treat certain breast cancers
Frontier Lithium (TSX-V:FL, OTCQX:LITOF) Inc, meanwhile, reported results from the 2022 mapping campaign at the PAK Lithium Project in the Red Lake Mining District of northern Ontario, which included the discovery of a new pegmatite zone about one kilometre west-northwest of the Spark deposit as well as the significant expansion of the Pennock Pegmatite showing. Frontier Lithium (TSX-V:FL, OTCQX:LITOF) stock moved up 9% to $2.55 following the announcement.
And, Sirios Resources (TSX-V:SOI) Inc shares gained 23% to $0.08 on Tuesday after the mining exploration company announced that it has completed an in-depth evaluation for the lithium potential on its numerous properties located in Eeyou Istchee James Bay of Quebec, noting that four of its projects have been identified as very promising for hosting lithium due to their geological characteristics, their proximity to known lithium-bearing showings and the presence of regional geochemical lake-bottom sediment anomalies.
Contact Sean at sean@proactiveinvestors.com