4:05pm: Millennial Potash, Tearlach Resources (TSX-V:TEA) shares add to gains late afternoon
Millennial Potash closed up 17% at $0.53, while Tearlach Resources rose 16% to $0.32, Graphene Manufacturing Group finished 8% higher to $1.95, and First Helium ended unchanged at $0.22.
11:55am: Millennial Potash, Tearlach Resources (TSX-V:TEA) shares advance sharply
Millennial Potash Corp (TSX-V:MLP) shares jumped 14% to $0.52 on Tuesday after the potash project developer provided an update regarding exploration activities at its Banio Potash Project in Gabon, saying it has made “significant” progress in its mobilization program including rehabilitation of the exploration camp with modern communications, initiating construction of the access road to planned drill hole BA-004, prepping and upgrading rotary drill rig equipment on site, initiating seismic re-interpretation studies, and resampling previous drill holes.
As well, shares of Tearlach Resources (TSX-V:TEA) Limited gained 11% to $0.305 as the Canadian exploration company said it has staked a second large land package (now known as the Georgina East property) located near Jellicoe and Beardmore in northwestern Ontario, comprising 10,580 hectares and measuring about 17 kilometres (km) by 10 km while having the same geology as Georgia Lake pegmatite field.
Graphene Manufacturing Group Ltd (TSX-V:GMG, OTC:GMGMF), meanwhile, provided a business update on its ENERGY SAVINGS portfolio product - THERMAL-XR (TXR) powered by GMG Graphene, noting that since the recent Australian government approval for GMG to produce and sell Thermal-XR at scale, the company has driven sales activities and bolstered related production capacity. Graphene Manufacturing Group stock moved up 9% to $1.96 following the announcement.
And, First Helium Inc (TSXV:HELI) shares rose 10% to $0.22 on Tuesday after the helium projects developer announced that it has exercised an option to acquire 640 acres of highly prospective helium exploration lands at Dixonville, which are located nearby existing well penetrations with indicated grades, or helium concentrations, ranging from 1.7% to 5.7%.
Contact Sean at sean@proactiveinvestors.com