Major Stock Gainers on TSXV

On Thursday, there were a fair number of companies that had emerged as major gainers on the TSX Venture Exchange on the back of considerable action. This feature would provide you with a quick look into five stocks that managed to deliver notable gains yesterday and, hence, could be worth tracking.

POET Technologies Inc. (TSX Venture: PTK) (NASDAQ: POET) The company had been in significant focus among investors yesterday, and the stock emerged as one of the major gainers as it ended up with an 11% upward move. POET Technologies Inc. is best known for the development and design of PICs (photonic integrated circuits), POET optical interposers, and light sources meant for the AI, telecom, and data center industries. On May 1, the company announced the closure of an offering that had been taken up by institutional investors in its entirety and generated gross proceeds of C$10 million. There were no finders or brokers involved in the transaction. The company offered 3258390 units, each of which consisted of one common share and one common share purchase warrant. The units were offered for C$0.69 each.

Standard Lithium Ltd. (TSXV:SLI) (NYSE American:SLI) The near-commercial lithium development company saw its stock come into significant focus yesterday and clock gains of 11% to emerge as one of the notable gainers. On May 9, Standard Lithium Ltd. announced its financial results for the third fiscal quarter ended on March 31, 2024. The company revealed that it had cash and cash equivalents to the tune of C$15.7 million and working capital of C$7.7 million at the end of the quarter. At the end of the quarter, Standard Lithium did not have any revolving debt or term debt obligations.

Doubleview Gold Corp. (TSXV: DBG) (OTCQB: DBLVF) On May 7, the company announced that it had granted incentive stock options to some of its directors, consultants, and offers. Doubleview Gold Corp. announced at the time that the options were for a total of 2,830,000 common shares in the company for a price of $0.49 each. The options had been granted in alignment with the rolling 10% incentive stock option plan of the company. The holders could exercise the options up until May 7, 2029, and would become entirely vested with immediate effect. The stock recorded gains of 7% on Thursday.

Adventus Mining Corporation (TSXV: ADZN) (OTCQX: ADVZF) The company announced on May 3 that it had been successful in repaying and settling an unsecured convertible loan of around C$9.6 million. The convertible loan had been owed by Adventus Mining Corporation to Altius Minerals Corporation. It was a major new development since, due to the settlement and repayment, Altius would not be able to exercise any more of the common shares of Adventus Mining Corporation. Additionally, Altius also had no right any more to convert the debt into new net smelter return royalty related to the El Domo Curipamba project. The stock went up by 6% yesterday.

Montage Gold Corp. (TSXV: MAU) (OTCQX: MAUTF) On May 9, the company announced that it had obtained a signed ministerial order that granted the necessary environmental approvals for the development of the Kone project. Montage Gold Corp. announced that the order had been granted by the Ministry of Environment, Sustainable Development, and Ecological Transition of Côte d’Ivoire. It was also noted that the company had submitted the requisite mining permit applications related to the project and expected the necessary approvals to be awarded by the second half of the year.