On Monday, Radius Gold (TSX: V.RDU, Stock Forum) shares climbed 34% to 55 cents after the micro cap miner provided an update on progress at its Sixty Mile property in the Yukon Territory. Soil sampling has defined a strong gold-in-soil anomaly on the southeastern bank of the Sixty Mile river valley. The anomaly, which measures 800 metres by 300 metres and is open in all directions, is defined by “strongly anomalous gold values” associated with andesitic volcanic rocks and an epithermal geochemical signature. Grab samples of the limited bedrock outcrops in the area have returned values from trace up to five grams per tonne gold.
As well, shares of Sustainable Energy Technologies (TSX: V.STG, Stock Forum) added 13% at 17.5 cents as the manufacturer of solar inverters announced that, subject to regulatory approval, Doughty Hanson Technology Ventures has committed to provide up to $3 million in new equity to the company over the next six months to meet working capital needs as they arise.
In Tuesday trading, Augusta Resource (TSX: T.AZC, Stock Forum) shares jumped 10% to $2.40 after the miner said it has entered into a subscription agreement providing for the sale to HudBay Minerals (TSX: T.HBM, Stock Forum) on a private placement basis of 10,905,590 units of Augusta for a purchase price of $2.75 per unit, or a total consideration of $29,990,372. Upon closing of the subscription, HudBay will own and have control over 14,789,490 common shares of Augusta (approximately 11.0% of the issued and outstanding common shares), and will own 5,452,795 warrants (100% of the outstanding warrants) (representing approximately 13.6% of the issued and outstanding common shares of Augusta on a fully-diluted basis).
Also, shares of Isotechnika Pharma (TSX: T.ISA , Stock Forum) shot up 42% to 30.5 cents as the biopharmaceutical firm and 3SBio Inc. (NASDAQ: SSRX, Stock Forum) announced the signing of a development and commercialization agreement for voclosporin, a calcineurin inhibitor being developed for use in the prevention of organ rejection following transplantation and the treatment of autoimmune diseases. The transaction will provide Isotechnika with proceeds of US$6 million. Isotechnika will receive an upfront non-refundable licensing payment of US$1.5 million with an additional US$4.5 million invested by 3SBio through a convertible debenture.
Wednesday’s market action saw shares of Huldra Silver (TSX: V.HDA, Stock Forum) surge 35% to 50 cents after the micro cap explorer reported assay results from samples taken on August 17 and 18, 2010, from its 100% owned Treasure Mountain property in British Columbia. Results included 2250 grams per tonne (g/t) silver from a 12.5 cm chip sample of reddish altered argillite.
In addition, shares of Sustainable Energy Technologies (TSX: V.STG, Stock Forum) moved up 15% to 19.5 cents as the manufacturer of solar inverters said it will deliver 190 SUNERGY II inverters for a one MW (dc) power project to Changetec GmbH under a previously announced supply contract and collaboration with Changetec GmbH.
On Thursday, U3O8 Corp. (TSX: V.UWE, Stock Forum) shares powered as much as 15% higher to 31.5 cents after the micro cap miner announced what it called “significant” values of uranium, phosphate, vanadium, yttrium and molybdenum from rock-chip samples taken in an additional 15 trenches of the 29-trench program completed in the Berlin Project in Colombia.
"U3O8 Corp's trenching confirms that the mineralized zone at Berlin extends over a 3km strike length at an average grade and thickness that is consistent with historic results," said Dr. Richard Spencer, U3O8 Corp's President and CEO. "Trenching continues to the north to confirm historic uranium data that shows the whole of the 10.5km long sandstone trend is prospective. An initial 1,500 metre drill program is scheduled to commence in September, aimed at verifying the results of historic drilling as we move towards our goal to position the Berlin Project for potential National Instrument 43-101 ("NI 43-101") resource estimation in 2011."
As well, shares of Mart Resources (TSX: V.MMT, Stock Forum) gained 13% to 31.5 cents as the oil and gas explorer/developer reported net operating income for the six months ended June 30, 2010, of $12.5 million, with net and comprehensive income after taxes of $2.5 million, compared with a loss of $2.2 million during the same period last year. Cash flow from operations was $11.8 million, up from $2.9 million a year ago.
And, in Friday trading, Harte Gold (TSX: V.HRT, Stock Forum) shares continued to move higher, rising 18% to 47 cents. After Wednesday’s close, the explorer reported an NI 43-101 compliant Indicated Resource of 1,117,000 grading 8.41 g/t gold and Inferred Resource of 417,000 tonnes grading 7.13 g/t gold for 95,000 ounces of contained gold at its Sugar Zone Property located 60 kilometres east of the Hemlo Gold Camp in Ontario. Harte stock gained 10% in Thursday’s trading session.
Finally, shares of ARISE Technologies (TSX: T.APV, Stock Forum) shot up 20% to 21 cents as the solar technology provider updated shareholders on its progress to date in the third quarter of 2010. Highlights included the shipping of more than 10.8MW of PV cells in the first seven weeks of Q3, up 100% over same period in Q2.
