TSXV Stocks On Watchlist After Latest News

Every day, thousands upon thousands of investors flock to the TSX Venture Exchange in order to discover the latest stocks to follow, and this morning was no different. Ahead of the start of trading this morning, it could be a good move to take a look at some of the notable gainers from Friday. Here is a look at five of those.

Critical Elements Lithium Corporation (TSX-V:CRE) (OTCQX:CRECF) There was no news about the company last week, but the stock was in action on Friday and ended up with gains of 10% amidst strong interest. On April 22, Critical Elements Lithium Corporation had been in focus after it announced the latest results from the 3670-meter, 31-hole drilling program at its 100% owned Rose West Discovery.

The company revealed that the drilling results had displayed the continuation of a mineralized pegmatite body that extends 370 m down dip, 450 m strike, and a depth of 140 m. Additionally, the company also revealed the assay results from the drilling program at 14 new drill holes.

Cornish Metals Inc. (TSX-V/AIM: CUSN)  In light of the 10% rally in the stock last Friday, it may be a good time to take a look into related news about the mineral exploration and development company. On May 22, Cornish Metals Inc. announced that it had resealed its unaudited financial statements for the three months that had ended on March 31, 2024. The company revealed that the total operating expenses for the period went up to $2,759,198 from $923,120 in the prior-year period. At the end of the quarter, the company had a cash balance of 17,015,749, as opposed to $49,078,875 at the end of the prior-year period.

Reconnaissance Energy Africa Ltd. (TSXV: RECO) (OTCQX: RECAF) On May 23, the company provided an update in relation to a range of issues, and on Friday, the stock went up by 7%. It was revealed in the news release that Reconnaissance Energy Africa Ltd. was working hard in order to remain on course for a spud of the Naingopo exploration well in June 2024. Additionally, it was also revealed that the exploration team of the company was already in Namibia. The company announced that significant civil works were being wrapped up on the well site access roads as well as well pad construction.

Adventus Mining Corporation (TSXV: ADZN) (OTCQX: ADVZF) The company announced on May 3 that it had been successful in the full repayment and settlement of an amount of around $9.6 million. Adventus Mining Corporation noted at the time that the sum had been related to a convertible unsecured loan between the company and Altius Minerals Corporation. Due to the move, Altius would not be able to convert the debt into common shares in Adventus Mining Corporation or into a new smelter return royalty at the El Domo-Curipamba project. The stock rallied by 8% last Friday.

DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB US: DMGGF) The vertically integrated data center and blockchain technology firm saw its stock clock gains of 8% last Friday. On May 22, DMG Blockchain Solutions Inc. announced its financial results for the second fiscal quarter. The revenues for the quarter went up 31% year on year to hit C$10 million, and that was mainly brought about by the 39% rise in self-mining revenues. The net income was marginally positive, and that helped in maintaining profitability for the second straight quarter.