Notable Stock Gainers on TSXV

The new week started off on a strong note for a number of companies listed on the TSX Venture Exchange, as the stocks delivered strong gains amidst heavy interest. This feature would provide you with a look into five of the notable gainers from the TSX Venture Exchange yesterday.

Falco Resources Ltd. (TSX.V: FPC) On March 13, the company hit the news cycle after it announced that Escape Falco at 157 rue Principale in Rouyn-Noranda had been opened. Falco Resources Ltd. announced that the space would be dedicated to meeting groups, citizens, and organizations who wish to know more about the Falco Horne 5 project.

The news came as a source of considerable momentum for the Falco Resources stock, which ended the day with gains of 53%. The company also announced that it invited the population to an information meeting by BAPE (Bureau d’audiences publiques sur l’environnement) as part of the public information period ahead of the anticipated public examination by BAPE.

Guanajuato Silver Company Ltd. (TSXV:GSVR) The stock emerged as one of the notable movers yesterday as it ended the day with gains of 18% amidst strong interest. On May 9, Guanajuato Silver Company Ltd. announced the successful closing of its best efforts and brokered an offer to raise gross proceeds to the tune of C$11,350,460.

In the offering, the company offered its units for a price of C$0.20 each. It was also noted that the offering had been made by Red Cloud Securities Inc. and Research Capital Corporation, the joint bookrunners and co-lead agents working for a consortium of agents. Canacccord Genuity Corp. was one of the agents in question.

Standard Lithium Ltd. (TSXV:SLI) (NYSE American:SLI) The leading near-commercial lithium development company had been in focus yesterday, and its stock clocked gains of 9% for the day. On May 9, Standard Lithium Ltd. announced its financial results for the fiscal quarter ended on March 31, 2024. It was announced that at the end of the quarter, the company had cash and cash equivalents to the tune of C$15.7 million and working capital to the tune of C$7.7 million. Additionally, the company did not have any revolving or term debts at the end of the quarter either.

Laurion Mineral Exploration Inc. (TSXV: LME) (OTC: LMEFF) Although there has been no news about the company in recent times, the stock was on the move yesterday and clocked gains of 9%. On February 23, Laurion Mineral Exploration Inc. presented an overview of its 2024 exploration program, which was going to take place at the Ishkoday Property. The company also revealed that the exploration plans were also in alignment with the recent NI 43-101 Technical Report: Mineral Property of Merit.

Emerita Resources Corp. (TSXV: EMO) On May 2, the company announced that it had been successful in closing a non-brokered private placement financing of 12,500,000 units for $0.40 per unit and raising gross proceeds of $5,000,000. On Monday, Emerita Resources Corp. was on the radar of investors, and the stock delivered gains of 5%. Each unit offered by the company was made up of one common share and one common share purchase warrant. A warrant holder would be able to pick up one common share for $0.60 for a period of 36 months since the date of issuance.