4:05pm: ATEX Resources shares add to gains late afternoon
Palladium One Mining closed up 21% at $0.115, while ATEX Resources rose 11% to $1.45, Soma Gold stock finished 10% higher to $0.50, and Adamera Minerals ended up 25% at $0.05.
11:55am: Palladium One Mining, Soma Gold shares make big gains
Palladium One Mining Inc (TSXV:PDM) shares jumped 32% to $0.125 on Thursday after the explorer announced a C$4,252,050 investment from a wholly-owned subsidiary of Glencore PLC (LSE:GLEN), via a non-brokered private placement at C$0.15 per share, which will result in Glencore owning about 9.99% of Palladium One.
As well, shares of ATEX Resources Inc (TSXV:ATX) gained 8% to $1.42 as the junior explorer revealed results for diamond drill holes ATXD-11B and ATXD-22 at the Valeriano Copper-Gold Project in Chile, which included 0.73% copper equivalent over 1,342.5 metres in the longest intersection to date.
Soma Gold Corp (TSXV:SOMA), meanwhile, reported that it has signed a mutual collaboration agreement with CORANTIOQUIA, the Environmental Authority of the Province of Antioquia, Colombia, to promote environmental voluntary activities in Zaragoza and El Bagre, where it has operations. Soma Gold stock moved up 14% to $0.52 following the announcement.
READ: Soma Gold signs collaboration agreement with Environmental Authority of the Province of Antioquia, Colombia
And, Adamera Minerals Corp (TSXV:ADZ) shares rose 25% to $0.05 on Thursday after the gold exploration company announced that five drill holes have been completed on the Lamefoot South Gold Property in Washington State, noting that all holes intersected sulfide mineralization in either limestone or in adjacent clastic rocks.
Contact Sean at sean@proactiveinvestors.com