4:05pm: Osisko Metals (TSX-V:OM), QMC Quantum Minerals shares end sharply higher
Osisko Metals closed up 18% at $0.30, while QMC Quantum Minerals surged 24% to $0.18, Adamas One finished 1.3% higher to $1.54, and F3 Uranium ended up 8% at $0.46.
11:50am: Osisko Metals (TSX-V:OM), QMC Quantum Minerals shares make big gains
Osisko Metals (TSX-V:OM) Incorporated shares jumped 20% to $0.305 on Wednesday after the Canadian exploration and development company announced that it has signed an investment agreement with a subsidiary of Appian Natural Resources Fund, whereby Appian has agreed to invest up to C$100 million over an estimated four-year period to acquire an undivided 60% interest in Pine Point Mining Limited at a valuation of $91.3 million.
As well, shares of QMC Quantum Minerals Corp (TSXV:QMC) gained 35% to $0.195 as the junior explorer and resource property developer said it has received a work permit from the Government of Manitoba for its Irgon Lithium Mine Property, which has a historical resource estimate of 1.2 million tons grading 1.51% Li2O over a strike length of 365 metres (m), to a depth of 213m.
Adamas One Corp. (NASDAQ:JEWL), meanwhile, reported that its board of directors has authorized a share repurchase plan to repurchase up to $7.5 million of its outstanding stock, effective immediately. Adamas One stock moved up 9% to $1.66 following the announcement.
READ: Adamas One initiates up to $7.5M share repurchase plan
And, F3 Uranium Corp (TSXV:FUU) shares continued to move higher Wednesday, up 6% to $0.45 following a 16% gain on Tuesday, after the uranium project generator and exploration company announced that it has registered 57,100 cps over 0.5m in its widest mineralized interval to date.
Contact Sean at sean@proactiveinvestors.com