TSXV Stocks in News

The TSX Venture Exchange has been one of the more popular exchanges for investors for a long time, and every day there is frenetic trading on those stocks. On Monday, there were a number of stocks on the exchange that had made notable moves, and this feature would provide you with a closer look into five of those.

Bravo Mining Corp. (TSXV: BRVO) (OTCQX: BRVMF) The mining company was in sharp focus yesterday, and the stock rallied strongly to end up with gains of 9% for the day. On May 28, Bravo Mining Corp. announced that it had completed the initial drill holes at the T5 and T6 EM (electromagnetic) targets and anomalies.

The company revealed that the assays for the first drill hole at the T5 target had been received. In the news release, it was noted that both targets were situated to the east of the PGM+Au+Ni prospecting area of the Luanga deposit, which is owned in its entirety by Bravo Mining. The company revealed that it had managed to intersect a huge sulfide copper-gold mineralization at the targets.

Lithium Ionic Corp. (TSXV: LTH) (TCQX: LTHCF) Following the announcement about a non-brokered private placement yesterday, the company’s stock recorded gains of 6% for the day. Lithium Ionic Corp. announced that it would offer 16,666,666 units in the private placement for $0.90 each to raise $15,000,000 in gross proceeds.

The company revealed that the placement would be made with the long-term shareholders who were supporting Lithium Ionic Corp’s aim of becoming a lithium producer in the Lithium Valley in Brazil in the near term. A unit would consist of a common share in the company and half of a share purchase warrant. A solitary warrant would entitle the holder to pick up a share for $1.05 up until 18 months from the date of issuance.

Golden Goliath Resources Ltd.: While there has been no fresh news about the company lately, the stock was in play nonetheless and ended up with gains of 4% amidst significant interest. On June 8, 2022, Golden Goliath Resources Ltd. announced that it had concluded the Phase 1 work initiative at its Wish One property. It was revealed at the time that the initiative had been a success and that the company had been able to make new discoveries of mineralized outcrops.

Minera Alamos Inc. (TSXV: MAI) On May 31, the company announced its financial results for the first fiscal quarter of 2024. Minera Alamos Inc. revealed that it had generated revenues of $2,460,278. In the same period, the company generated net income of $528,360, which worked out to $0.001 per share.

In the prior-year period, the net income had been $1,485,884. Cash and cash equivalents at the end of the period were $11,844,502, as opposed to $13,754,272 at the end of the previous quarter. Yesterday, the Minera Alamos stock declined by 8%.

Blackrock Silver Corp. (TSXV: BRC) The company’s shareholders did not have a great start to the week, as the stock declined by 6% yesterday. On May 29, Blackrock Silver Corp. announced that it had completed its buy-deal private offering of 32,343,750 units in the company. The units had been offered for $0.32 per unit to generate gross proceeds to the tune of $10,350,000.

Each unit is comprised of a common share in Blackrock Silver Corp. and half of a common share purchasing warrant. A whole warrant could be used to purchase a common share for $0.48 up until May 29, 2026.