4:05pm: Enduro Metals pares losses, Doré Copper Mining adds to gains
Draganfly ended 20% higher at $1.10, while Enduro Metals closed down 18% to $0.14, Africa Energy stock dropped 33% to $0.21, and Doré Copper Mining rose 8% to $0.39
11:45am: Draganfly takes off, Enduro Metals loses altitude
Draganfly Inc (CSE:DPRO) shares climbed 22% to $1.12 on Friday after the provider of drone solutions and systems announced that it is fulfilling an order for an additional 30 reconnaissance drones through its channel partner DEF-C, along with continued support from DroneAid.
The company noted that through its strategic relationship with Ukrainian defense services company DEF-C, Draganfly’s drone technology is being deployed to provide valuable intelligence, surveillance, and reconnaissance information.
As well, shares of Enduro Metals Corporation (TSXV:ENDR) slid 24% to $0.13 as the junior explorer revealed the first Burgundy Ridge drill hole results from the 2022 drilling campaign on its 100% owned Newmont Lake project in British Columbia's Golden Triangle region, which included 66.8 metres (m) of 0.5% copper equivalent starting from 243.6(m).
Africa Energy Corp (TSXV:AFE), meanwhile, reported that the Gazania-1 exploration well on Block 2B offshore South Africa did not encounter commercial hydrocarbons. The Canadian oil and gas exploration company added that the well is being logged and will then be plugged and abandoned. Africa Energy stock dropped 33% to $0.21 following the announcement.
And, Doré Copper Mining Corp (TSXV:DCMC) shares rose 6% to $0.38 on Friday after the pending copper producer announced that it has agreed to amend the earn-in option agreement between itself and Ressources Jessie Inc to acquire the Joe Mann property in Quebec.
READ: Doré Copper Mining amends agreement to buy Joe Mann mine from Ressources Jessie
According to the terms of the amending agreement, Doré Copper said it has agreed to accelerate the final scheduled cash and share payments under the option agreement.
Contact Sean at sean@proactiveinvestors.com