Cobalt Junior Climbs on Sample Results

Power Americas Minerals Corp. (CVE:PAM), a cobalt junior, powered higher after announcing sample results from its Kittson Cobalt Project

Sean Mason | October 3, 2017 | SmallCapPower

Many speculators continue to be crazy about cobalt, sending shares of one cobalt junior sharply higher Tuesday. Here’s some small stocks making big moves on Tuesday, October 3, 2017 (as of 4 pm EST):

Power Americas Minerals Corp. (TSXV: PAM) shares jumped 17% to $0.07 on Tuesday after the cobalt junior announced the results of an initial prospecting program on its Kittson Cobalt Project located in the Cobalt Silver Camp of northeast Ontario. The Company added that a total of 45 samples were collected, of which 13 samples returned greater than 1% cobalt and six samples returned greater than 3% cobalt.

Related: Castle Silver Resources (TSXV: CSR) Operates a Property with Three Past Producing Cobalt/Silver Mines, Says Ubika Research

As well, shares of Largo Resources Ltd. (TSX: LGO) added 9% at $0.98 as the vanadium junior said it has achieved a new quarterly production record of 2513 tonnes of vanadium pentoxide at its Maracás Menchen Mine in Brazil during Q3 2017.

Metallis Resources Inc. (TSXV: MTS), meanwhile, reported that it has arranged a non-brokered private placement with a corporation beneficially owned by Eric Sprott to raise gross proceeds of up to $2.2 million at a price of $1.10 per unit. Metallis Resources stock moved up 29% to $1.56 following the announcement.

 

Finally, Patriot One Technologies Inc. (TSXV: PAT) shares continued to move higher Tuesday, up 61% to $1.32 following a 12% gain on Monday after the protection services company announced that its PATSCAN CMR (Cognitive Microwave Radar) concealed weapons detection system has achieved Federal Communications Commission Declaration of Conformity certification.

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To find out more about Power Americas Minerals, please visit the company’s Investor Hub.

 

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