Proactive’s Tylah Tully gives a ‘Small Caps Wrap’ - an overview of the strongest performers in the small-cap sector for the week ending Friday, 22 November.
Olympio Metals Ltd (ASX:OLY, OTC:COPGF) led with a 76% increase, peaking at $0.06 before settling at $0.053. The company announced an option agreement to acquire an 80% interest in the Dufay Copper-Gold Project in Quebec, situated along the Cadillac Break known for significant copper and gold mineralisation.
Firebird Metals Ltd (ASX:FRB, OTC:FRBMF) achieved a 37% increase, reaching $0.125.
Yandal Resources Ltd (ASX:YRL) rose 30% to $0.385, later settling at $0.36.
Lightning Minerals Ltd (ASX:L1M) saw a 24% gain to $0.087, supported by geophysical results from its exploration in Brazil’s Lithium Valley. The findings confirmed high-grade lithium-bearing spodumene with up to 4.04% lithium oxide.
5E Advanced Materials Inc. climbed nearly $0.02 to $0.088, announcing progress in calcium chloride production to reduce CAPEX and reporting positive developments in operations, commercial activities, and funding.
Additional performers included Element 25 Ltd (ASX:E25, OTCQX:ELMTF) at $0.31, Cyclone Metals Ltd (ASX:CLE) up 21%, and Discovery Alaska Ltd (ASX:DAF, OTC:DRVYF) rising 20% to $0.018.