Patriot Battery Metals stock surges on ‘highest grade’ lithium results plus more daily small cap movers.
Lithium drill results powered shares of Patriot Battery Metals Inc plus other big percentage movers on news from the small and micro cap space.
4:05pm: Patriot Battery Metals, Real Luck Group shares hold onto gains late day
Patriot Battery Metals closed up 22% at $9.69, while Real Luck Group gained 23% to $0.16, Inomin Mines finished 36% higher to $0.095, and Therma Bright ended up 17% at $0.07.
11:30am: Patriot Battery Metals, Real Luck Group shares make big gains
Patriot Battery Metals Inc (TSX-V:PMET, OTCQB:PMETF) shares jumped 22% to $9.70 on Thursday after the mineral exploration company announced core assay results for 14 additional drill holes from the 2022 drill campaign at its wholly-owned Corvette Property located in the James Bay Region of Quebec, which included the widest, highest grade lithium drill intercept returned to date at 2.12% Li2O over 156.9 metres.
As well, shares of Real Luck Group Ltd (TSXV: LUCK) climbed 23% to $0.16 as the award-winning provider of licensed, real money esports betting, sports betting and casino games told investors that its December operating results exceeded objectives, building on strong operations in November.
Real Luck said it achieved over C$3 million in Global Betting Handle by the end of the fourth quarter, monthly revenue grew 120%, and Total Player Deposits grew by 420% since the group first shared these KPIs (key performance indicators) in August 2022.
Inomin Mines Inc (TSXV:MINE), meanwhile, reported that metallurgical test work for the extraction of magnesium from the 2021 Beaver drill core samples achieved recoveries of 99% using hydrochloric acid (HCl) leaching, which the company says demonstrates the ability to extract a very high level of magnesium utilizing conventional processing. Inomin Mines stock popped 57% to $0.11 following the announcement.
And, Therma Bright Inc (TSX-V:THRM, OTC:TBRIF) shares rose 17% to $0.07 on Thursday after the developer of its smart-enabled AcuVid COVID-19 Rapid Antigen Saliva Test and other progressive diagnostic and medical device technologies announced that it has signed a share purchase agreement to buy up to a 25% stake in Inretio Ltd, an Israel-based company developing a medical device to treat ischemic stroke.
Under the terms of the deal, Therma Bright has the right to invest US$2 million in cash and $500,000 in stock, paid upon certain milestone achievements through May 31, 2024.
Patriot Battery Metals stock surges on ‘highest grade’ lithium results plus more daily small cap movers, January 19, 2023
