4:05pm: Fobi AI (TSX-V:FOBI, OTCQB:FOBIF), Copper Mountain Mining shares add to gains late day
SPC Nickel closed up 25% at $0.10, while Fobi AI surged 28% to $0.485, Meridian Mining UK S finished 16% higher at $0.54, Mason Graphite gained 6% to $0.27, and Copper Mountain Mining ended up 12% at $2.02.
11:55am: SPC Nickel, Fobi AI (TSX-V:FOBI, OTCQB:FOBIF) shares advance sharply
SPC Nickel Corp (TSX-V:SPC, OTC:SPCNF) shares climbed 50% to $0.12 on Monday after the mineral exploration company announced that it has intersected massive to semi-massive sulphide mineralization in its Phase 1 drilling campaign at the recently consolidated West Graham and Crean Hill 3 properties in Ontario.
READ: SPC Nickel finds 'West Graham-style' sulphide mineralization at Crean Hill 3 property in Ontario
As well, shares of Fobi AI (TSX-V:FOBI, OTCQB:FOBIF) Inc jumped 20% to $0.455 as the provider of AI and data intelligence to enable digital transformation said it has signed a five-year, $10 million licensing agreement with Canadian beverage manufacturing company, BevWorks Brands Inc.
Fobi noted the deal enables it to deliver technology solutions that support BevWorks’ growth strategy using a data-driven strategy to consolidate the independent beverage manufacturers in alcohol markets and beyond.
Meridian Mining UK S (TSX:MNO), meanwhile, provided an update on the ongoing drill program at its Cabaçal VMS gold‐copper project in Brazil, which included an intersection of 12.8 metres of 12.7% copper equivalent or 19 grams per tonne gold equivalent. Meridian Mining UK S stock popped 16% to $0.54 following the announcement.
In addition, shares of Mason Graphite Inc (TSX-V:LLG, OTCQX:MGPHF) rose 12% to $0.285 after Black Swan Graphene (TSX-V:SWAN), in which Mason has an approximate 41% ownership stake, said it has entered into a strategic partnership with Nationwide Engineering Research and Development Ltd (NERD) to accelerate the adoption of graphene-enhanced concrete globally.
And, Copper Mountain Mining Corporation (TSX:CMMC) shares gained 9% to $1.98 after the miner reported fourth quarter and full-year results, revealing revenue that topped Street expectations and promising 2023 production guidance.
Contact Sean at sean@proactiveinvestors.com