Committee Bay Resources (TSX: V.CBR, Stock Forum) shares jumped as much as 30% before closing up 15% to 11.5 cents on Tuesday after the micro cap miner reported final drill results for the 2008 summer program at its Greenstone Belt Project in Nunavut, which included 23.53 grams per tonne (g/t) gold over 13.59 metres.

As well, shares of Lignol Energy (TSX: V.LEC, Stock Forum) shot up 25% to 35 cents as the lignocellulosic biorefining technology provider said it has signed a memorandum of understanding with Weyerhaeuser Company (NYSE: WY, Stock Forum) to explore the development of commercial applications of biochemical outputs from Lignol's proprietary biorefining technology.

Antrim Energy (TSX: T.AEN, Stock Forum) shares powered 23% higher to $1.20 after the oil and gas producer/explorer reported that, on September 18, the gas gathering system for its Tierra del Fuego project in Argentina went on stream, delivering gas to mainland Argentina. Antrim's working interest in the Tierra del Fuego concession is 25.78%. The system will deliver at rates rising to 12.25 million cubic feet of gas per day (mmcf/d) during the fourth quarter, and the company expects that will increase to 24.5 mmcf/d in April 2009.

UEX Corporation (TSX: T.UEX, Stock Forum), meanwhile, announced that it has received a National Instrument 43-101 compliant mineral resource estimate report for its Horseshoe Uranium Deposit in Saskatchewan. The September 2008 mineral resource estimate contains 3.578 million tonnes grading 0.237% uranium in the indicated category containing 18.693 million pounds of uranium and 0.311 million tonnes grading 0.208% uranium in the inferred category containing 1.426 million pounds of uranium at a cut-off of 0.05%. UEX stock popped 13% to $1.51.

Ringbolt Ventures (TSX: V.RBV, Stock Forum) shares soared 67% to 25 cents after the junior explorer reported that its 90% owned U.S. subsidiary has received 15 state exploration in Arizona covering 9,594 acres. It is estimated that a potash bed may lie at the top of the salt sequence, at depths of 700 to 2,000 feet, shallow enough to permit possible underground mining rather than solution mining.

And, Noveko International (TSX: T.EKO, Stock Forum) Tuesday said its Taiwan subsidiary, Purer Life Technology Co., has been awarded an initial order to supply high-performance filters, combined with Noveko's antimicrobial filtration technology, used under the cars of Taiwan High Speed Rail's high-speed trains for a one-month period. Its shares surged 12% to $2.

Top Canadian Small/Micro-cap Advancers (as of 4 PM Eastern)
Top Canadian Small/Micro-cap Decliners

ABOUT THE AUTHOR

Sean Mason

Sean Mason is a Stockhouse market reporter and editor.

Stockhouse Conflict and Disclosure Policy:

Stockhouse publishing Ltd., owners and operators of Stockhouse.com, has established the following rules to ensure that there is no appearance of impropriety on the part of any Stockhouse Editorial writers ("Writers"). The content of Stockhouse Editorial articles (the "Articles") are the opinion of the Writer and any reliance on the content of these articles is at your sole risk. Our Writers are not registered investment advisors. You should not make any kind of investment decision in relation to Articles or stocks discussed in them without obtaining advice from a registered investment advisor.

Facts relied upon by our Writers are generally provided by the subject companies or gathered by our Writers from other public and/or private sources. These facts may be in error and if so, the opinions of our Writers may be materially different.

Writers may own, buy, or sell shares in public companies mentioned in their Articles, but in the Article they must prominently state their ownership position. Thus, a conflict may exist. Writers are not permitted to write Articles that attempt to benefit persons connected to the Writer, such as family or friends, except where disclosure is made in the same way as if the Writer him/herself owns stock.

Writers cannot solicit, accept, or agree to receive anything of value given or paid with the intent of influencing their Articles.

Stockhouse notifies each Writer about these rules, and we rely on the integrity of our Writers to ensure that our rules are followed.

Company Showcase

View Sectors

Today's Feature

View Now

Pacific North West Capital Corp.

Pacific North West Capital Corp. (TSX: PFN; OTCQX: PAWEF; Frankfurt: P7J) is a mineral exploration company focused on the exploration and development of one of Canada's largest primary Platinum Group Metals (PGM) deposits, the River Valley PGM Project located in the Sudbury region of Ontario. The Company is also advancing the Rock & Roll Poly Metallic Project in the Iskut River region of British Columbia. Pacific North West Capital Corp...