Weekly acquire: 60 p.c; present share value: C$0.12; market cap: C$29.64 million

With a concentrate on exploring and growing platinum-group metals (PGMs), nickel and copper initiatives, useful resource junior Palladium One Mining has operations in Finland and Canada. In Finland, the corporate has its Läntinen Koillismaa PGMs-copper-nickel venture, and in Canada it has the Tyko and Canalask high-grade nickel-copper initiatives.

Final Monday (March 27), Palladium One introduced the invention of a brand new high-grade nickel-copper zone at Tyko, which it has dubbed the Ember zone. Later within the week, on Thursday (March 30), the corporate’s share value jumped on the information that Glencore (LSE:GLEN,OTC Pink:GLCNF) might be finishing a non-brokered personal placement financing of C$4.25 million. Following the location, the mining large will personal roughly 9.99 p.c of Palladium One’s issued and excellent widespread shares. Amongst different issues, proceeds from the financing might be used for the exploration and growth of Palladium One’s nickel initiatives.

Weekly acquire: 56.16 p.c; present share value: C$0.57; market cap: C$19.81 million

Lithium firm Pure Vitality Minerals is concentrated on its Clayton Valley lithium brine venture in Nevada, US, which is operated by its strategic associate Schlumberger (NYSE:SLB). The 2 firms plan to assemble a direct lithium extraction pilot plant on the venture that might be used to course of brines into lithium hydroxide monohydrate and lithium carbonate.

Final Tuesday (March 28), Pure Vitality introduced that it has acquired all permits for the development and operation of the pilot plant, which might be developed utilizing Schlumberger’s sustainable lithium manufacturing course of, based on Pure Vitality Director Mary Little. “Its state-of-the-art method to lithium manufacturing conserves water, has a significantly smaller footprint, and reduces environmental impression in comparison with present evaporation pond design,” she mentioned.

After beginning the week at C$0.39, the corporate’s share value hit a weekly excessive of C$0.73 on Wednesday (March 29) morning.

Weekly acquire: 54.55 p.c; present share value: C$4.25; market cap: C$59.42 million

Callinex Mines is a base and treasured metals firm. Its initiatives embody the Pine Bay and Flin Flon volcanogenic large sulfide initiatives in Manitoba’s Flin Flon mining district, in addition to a number of initiatives in New Brunswick’s Bathurst mining district. It additionally has the Level Leamington zinc-gold volcanogenic large sulfide venture in Newfoundland’s Buchans mining district.

Final Monday, Callinex introduced that it has begun its 2023 drill program at Pine Bay. The primary section of drilling will embody as much as 10,000 meters unfold out over a number of areas, with the most important concentrate on the venture’s Rainbow deposit; the second section will happen within the fall. The corporate’s share value slowly climbed all through final week following the information.

Weekly acquire: 42.11 p.c; present share value: C$0.135; market cap: C$16.34 million

Altiplano Metals is growing its Farellon copper-gold venture in Chile from an underground decline and drift system, and materials eliminated through the growth program is being processed and offered to fund operations. The corporate has additionally constructed and commissioned the close by El Peñón mill, which is anticipated to start processing the fabric from Farellon in Q1 2023.

Altiplano’s most up-to-date information got here again in January, when it shared its This autumn 2022 operational outcomes. Underground growth at Farellon that quarter resulted within the extraction of 11,340 metric tons and, finally, income of US$691,103 from copper gross sales. Though no information got here final week, its share value surged on Tuesday and remained heightened.

Weekly acquire: 37.5 p.c; present share value: C$0.11; market cap: C$17.89 million

SPC Nickel has a portfolio of nickel-copper-PGMs initiatives in Canada. The corporate’s main focus is its Lockerby East venture within the Sudbury mining camp in Ontario; it additionally has the Aer-Kidd and Janes initiatives in Ontario, and the Muskox venture in Nunavut.

SPC’s share value jumped final Monday when exploration outcomes from Part 1 drilling at Lockerby East’s West Graham deposit revealed over 7 meters of large to semi-massive sulfide mineralization in one of many drill holes.

The next day, the corporate entered into an choice settlement for the suitable to purchase a 100% curiosity in Bathurst Metals’ (TSXV:BMV,OTC Pink:BMVVF) McGregor Lake and Speers Lake properties in Nunavut. The 2 properties are a part of the Muskox intrusion that hosts SPC’s Muskox venture and which SPC plans to consolidate.