11:40am: Rugby Resources, RevoluGROUP Canada make some big early gains
Rugby Resources Ltd (TSXV:RUG) shares gained 36% to $0.15 on Monday after the South American-focused exploration company announced the discovery of what it called high-grade copper mineralisation over significant intervals in its first test of the Cobrasco porphyry in western Colombia, with drill results that included 82 metres (m) of 1% copper equivalent within a broader interval of 808m of 0.5% copper equivalent from 184m.
As well, shares of RevoluGROUP Canada Inc (TSXV:REVO) added 12% at $0.43 as the fintech company said its previously-announced equity investment talks are “progressing favorably” with most documentary due diligence approaching fruition.
RevoluGROUP also announced that its CEO, Steve Marshall, appeared on the Joe Torres Show, 'Tiempo,' a 30-minute public affairs program aimed at the ever-growing Latino population in the New York metropolitan area.
Prismo Metals Inc (CSE:PRIZ), meanwhile, reported that it has signed a formal access agreement with the Francisco Villa Ejido, the surface owners over the Los Pavitos project in Mexico, which the junior mining company says allows it to proceed with its drilling permit application and opens the door to a drilling program in early 2023. Prismo Metals stock popped 24% to $0.385 following the announcement.
And, ShiftCarbon Inc, formerly TraceSafe Inc (CSE:TSF), shares powered 17% higher to $0.21 on Monday after the provider of measure and offset platform to embed carbon neutrality into businesses easily and efficiently announced that it has completed approvals for two of the highest standards of carbon offset verification - Verra and Gold Standard - an achievement that will ensure every carbon credit and offset it provides comes from verified and high-quality projects around the world.
READ: ShiftCarbon qualifies for top carbon offset standards
Verra and Gold Standard represent the vast majority of the voluntary carbon market, making them the most important recognized standards in the world, ShiftCarbon said.
Contact Sean at sean@proactiveinvestors.com