Top 5 Gainers on the TSXV Last Week

Top 5 Gainers on the TSXV Last WeekLast week, the share prices of a number of junior resource companies on the TSX Venture Exchange increased.

The five that saw the greatest increases were Newport Exploration (TSXV:NWX), Red Tiger Mining (TSXV:RMN), Avanti Mining (TSXV:AVT), Solid Resources (TSXV:SRW) and Titanium (TSXV:TIC). 

Newport Exploration 

Newport Exploration, which is engaged in the acquisition and development of mineral properties, gained 53.85 percent last week, coming to trade at $0.40.

Its major project is the Chu Chua massive sulfide deposit, situated north of Kamloops, British Columbia. The company also holds a 2.5-percent royalty interest in the PEL 91 oil and gas permit, located in Australia’s Cooper Basin.

Red Tiger Mining

Copper and near-term gold producer Red Tiger Mining, formerly Zaruma Resources, gained 37.93 percent last week to trade at $0.20.

The company has a number of projects, including the 11,200-hectare San Antonio project, located in Sonora, Mexico. It has “unique features allowing the start-up of initial mining projects within a large area of prospective ground with identified mineral targets,” as per Red Tiger’s website.

Avanti Mining

Exploration and development company Avanti Mining gained 33.33 percent last week to trade at $0.06.

Its main focus is its Kitsault molybdenum project in British Columbia, which produced over 30 million pounds of molybdenum intermittently between 1969 and 1982. Currently, Avanti is in the midst of “confirmatory and resource expansion drilling programs on the project.”

Most recently, back in January, Avanti entered into a memorandum of understanding with the Wil Luuxhon regarding Kitsault. Mark Premo, then the company’s president and CEO, said, “[w]e look forward to implementing the components of the MOU which will provide sustainable economic benefits to the Wilp Luuxhon people and will support further development of the Kitsault Mine Project.”

Solid Resources 

Solid Resources rose 30.77 percent last week to trade at $0.17. The company is in the last stages of reopening the Cehegin iron ore mine, located in Southeastern Spain, its website states. Cehegin is a recent acquisition made by Solid through the purchase of all the issued and outstanding shares of Lorente y Pallares, a private Spanish company.

The company is also in the midst of applying for an exploitation permit on its Northwestern Spain-based Alberta-1 tin/tantalum and lithium project.

Titanium

Titanium, a company that has developed technologies that can recover bitumen, solvent, heavy minerals and water from oil sands tailings, gained 26.92 percent last week to trade at $1.32.

At the moment, Titanium is working with government and industry “to commercialize its Creating Value from Waste™ suite of technologies with the successful conclusion of the multi year demonstration pilot,” as per its website. The company was also a top gainer on the TSX Venture Exchange during the week of March 24.