September 29, 2023

The S&P/TSX Enterprise Composite Index (INDEXTSI:JX) stayed flat final week, ending Friday (June 9) at 610.02.

The Financial institution of Canada hiked its overnight rate by 25 foundation factors on Wednesday (June 7), marking the central financial institution’s first improve since its January pause. All eyes are actually shifting to what the US Federal Reserve will do that coming week.

Towards that backdrop, quite a lot of TSXV-listed useful resource shares have been on the transfer final week. Learn on to seek out out which corporations rose essentially the most through the 5 day interval and what was affecting their share costs.

1. Solis Minerals (TSXV:SLMN)

Weekly acquire: 409.09 p.c; market cap: C$37.49 million; present share value: C$0.56

Solis Minerals is an exploration firm targeted on battery metals properties in South America. It has a portfolio that features the Borborema lithium challenge in Northeast Brazil and copper tasks protecting a mixed 32,400 hectares in Southwest Peru.

On Might 29, the Funding Business Regulatory Group of Canada, which oversees buying and selling on Canadian exchanges, suspended trading for Solis pending upcoming information. The corporate’s market shut earlier than that was C$0.11.

Two days later, Solis Minerals entered into a binding option agreement to amass a one hundred pc curiosity within the Jaguar hard-rock lithium challenge in Northeast Brazil, which has confirmed spodumene grades of as much as 4.95 p.c in oxidized pegmatite.

Final Thursday (June 8), Solis received commitments totaling AU$8.16 million for a placement that might be used to, amongst different issues, fund drilling at each its lithium tasks and full the charges for the Jaguar acquisition. Following that announcement, trading resumed and the corporate’s share value shot as much as a weekly excessive of C$0.65.

2. Macarthur Minerals (TSXV:MMS)

Weekly acquire: 53.33 p.c; market cap: C$37.77 million; present share value: C$0.23

MacArthur Minerals is concentrated on growing its Lake Giles iron ore challenge in Western Australia. MacArthur has lately been learning the challenge for potential nickel prospectivity, and as of Might had identified seven nickel prospects, which it plans to focus on in upcoming exploration. The corporate additionally holds lithium brine claims in Nevada, US.

Though the corporate didn’t launch information final week, its share value spiked final Monday (June 5) to a weekly excessive of C$0.28.

3. Altamira Gold (TSXV:ALTA)

Weekly acquire: 53.33 p.c; market cap: C$36.02 million; present share value: C$0.23

Altamira Gold has six gold tasks in Brazil throughout the Juruena gold belt, together with its superior Cajueiro challenge. The corporate is currently exploring its Santa Helena gold-copper challenge in Northern Brazil, and in Might did a ground magnetic survey on the challenge.

Altamira hasn’t launched information since then, however its share value moved up final week to peak on the shut of buying and selling on Friday.

4. VR Assets (TSXV:VRR)

Weekly acquire: 36.36 p.c; market cap: C$30.61 million; present share value: C$0.30

VR Assets has a North American portfolio spanning crucial metals, gold, silver, copper and diamonds. The corporate has been exploring its Hecla-Kilmer crucial metals challenge in Northern Ontario and its New Boston copper-molybdenum challenge in Nevada.

Final Wednesday, VR closed a private placement financing for C$836,000. A number of the cash might be used to drill at its Northway kimberlite challenge, which is situated close to Hecla-Kilmer. The corporate’s share value climbed following the announcement to a peak of C$0.34 early within the day on Thursday.

5. Tier One Silver (TSXV:TSLV)

Weekly acquire: 30.43 p.c; market cap: C$43.95 million; present share value: C$0.30

Tier One Silver is an explorer targeted on the Curibaya and Hurricane tasks in Peru. Earlier this yr, the company reported that composite chip sampling at Hurricane’s Rayanpata goal had proven high-grade values for copper, nickel and cobalt.

Final Monday, Tier One closed an upsized C$2.6 million non-brokered personal placement; it plans to make use of the funds for exploration and drilling at Curibaya. Two days later, the corporate identified the targets for its drilling on the challenge; it plans to incorporate 2,000 meters targeted on the Cambaya goal, which has proven valuable metals mineralization.

The corporate’s share value moved as much as a weekly peak of C$0.35 that day.

Information for five High Weekly TSXV Performers articles is retrieved every Friday after market shut utilizing TradingView’s stock screener. Solely corporations with market capitalizations higher than C$10 million previous to the week’s good points are included. Corporations throughout the non-energy minerals and power minerals are thought of.

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Securities Disclosure: I, Lauren Kelly, maintain no direct funding curiosity in any firm talked about on this article.

Securities Disclosure: I, Charlotte McLeod, maintain no direct funding curiosity in any firm talked about on this article.