Last week, the share prices of a number of junior resource companies on the TSX Venture Exchange increased.
Mega Precious Metals
Formerly Mega Silver, Mega Precious Metals is an exploration and development company operating in Canada. It gained 30 percent last week. Mega Precious Metals has properties in Ontario, Manitoba and Nunavut. The Ontario projects are in the established Red Lake Gold Camp, and are focused on gold exploration. The Manitoba projects are focused on gold and tungsten, in what the company hopes is Canada’s new gold-tungsten district, according to its website. In Nunavut, the company has the Blue Caribou property, which has inferred resources of copper, molybdenum, silver and gold. The company has over 4.9 million ounces of gold reserves, it states on its website, among its properties.
Fortress Minerals gained 25.66 percent last week. The company is focused on the exploration and development of precious and base metal projects in Central Asia.
Quaterra Resources gained 25 percent last week. It is an exploration-stage company engaged in the acquisition and development of precious and base metal properties in the US and Mexico. It has a silver project, Nieves, located in the state of Zacatecas, which is near the boundary of the Sierra Madre Occidental Physiographic area. This property entails 16 concessions. Its MacArthur property in the US consists of 409 lode claims totaling 8,450 acres, all on lands under the administration of the US Bureau of Land Management. In September of last year, Quaterra sold three of its Central Mexico properties to Goldcorp (NYSE:GG,TSX:G).
Ceiba Energy Services
Ceiba Energy Services gained 24.68 percent on the TSXV last week. Formerly known as Cancen Oil Canada, the company services the energy sector. In particular, it provides support to companies involved in exploration and production of oil and natural gas in Western Canada. It provides treatment of crude oil emulsion, terminalling, storage and marketing of oil, as well as the disposal of production water. Ceiba Energy also delivers clean oil from third-party producers to market through pipelines, and markets it through Astra Energy Canada Midstream Services, according to the company’s website.
Development-state company Titanium gained 21.15 percent last week. It has created technologies that recover heavy minerals, bitumen, solvent and water from oil sands waste tailings. Currently the company has only one segment, engaged in research and development for recovery of valuable elements of oil sands froth treatment tailings. According to the company’s website, its processes reduce the environmental impact of oil sands tailings and also create value from products that would otherwise be discarded.