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Microcap Report: RB Energy (T.RBI), Barkerville Gold (V.BGM) active on updates

Stockhouse Editorial
0 Comments| July 21, 2014

RB Energy Inc. (TSX:RBI, Stock Forum) tumbled 28.4% to 36.5 cents Monday after the company said its Quebec Lithium Plant is back online after a scheduled maintenance and upgrade shutdown, which was expected to allow it to produce commercial volumes of technical-grade material and enable volume production of battery-grade material.

According to the news release, repairs and updates included a re-line of the rod mill, modifications to the grizzly in the crushing circuit and the tie-in of the new primary optical ore sorter. Commissioning of the ore sorter is anticipated to be completed over the next couple of months.

Barkerville Gold Mines (TSX:V.BGM, Stock Forum) rose 22.5% to 49 cents on news that the company has turned to Snowden Mining Industry Consultants to update its previous published Cow Mountain NI 43-101 technical report released on June 18, 2013.

According to the news release, the resource estimate update and ensuing technical report are expect to push Cariboo Gold Project toward preliminary economic assessment (“PEA”) status.


Select Canadian Small/Micro-cap Advancers (as of 4:00 PM Eastern)
Eastern Platinum Limited (T.ELR, Stock Forum) 10263.64%
SLYCE Inc. (V.SLC, Stock Forum) 265.00%
Mena Hydrocarbons Inc. (V.MNH, Stock Forum) 66.67%
CounterPath Corp (CPAH, Stock Forum) 31.20%
Virtutone Networks Inc. (V.VFX, Stock Forum) 30.43%
Select Canadian Small/Micro-cap Decliners (as of 4:00 PM Eastern)
Electra Gold Ltd. (V.ELT, Stock Forum) -89.00%
Condor Resources Inc. (V.CN, Stock Forum) -28.57%
RB Energy Inc. (T.RBI, Stock Forum) -28.43%
UrtheCast Corp. (T.UR, Stock Forum) -9.49%
Pretium Resources Inc. (T.PVG, Stock Forum) -4.83%

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