Cannabis stocks have taken over Canadian exchanges this past year, but mining stocks have remained strong right alongside them. Today, mining penny stocks have taken over the TSXV. Let’s take a closer look at these companies and their latest announcements and stock movements.
Mining Penny Stocks: Clean Commodities Corp. (TSXV:CLE)
Clean Commodities Corp is headquartered in Vancouver, BC, and it engages in the exploration and development of mineral resource properties in Canada. The company focuses its energy on lithium and uranium.
This morning, the mining penny stock announced its 2019 exploration budget of $2.2 million. This project will also include a planned 4,850 meters of diamond drilling at its Preston Uranium Project.
Ryan Kalt, Chief Executive Officer of Clean Commodities, said:
“On behalf of our shareholders, we are excited for the upcoming commencement of exploration and drilling programs by Orano Canada at our flagship Preston Uranium Project. With a proposed CDN $2,200,000 budget over the next year we are looking forward to the results that this significant amount of exploration could yield as we work with our strategic partner to further advance the project. Orano Canada has a very knowledgeable technical team with a long history in the Athabasca Basin, which will help to unlock value at this strategic, district-scale property.”
According to Yahoo Finance, the mining penny stock is trading at $0.035, up +$0.01 (+40.00%).
>> Cannabis Penny Stocks Stay Green, but Canada’s Big Four are Red
Mining Penny Stocks: New Energy Metals Corp (TSXV:ENRG)
New Energy Metals is also headquartered in Vancouver and operates as a junior mining firm that focuses on gold, silver, copper, cobalt, and zinc deposits.
Four days ago, the mining penny stock announced that it had appointed a new member to its board of directors. Mr. Stefan Schauss has been appointed to New Energy Metal’s board as of November 1st, 2018. Mr. Schauss has over 20 years of business development and sales experience, with a focus recently on electric vehicle infrastructure.
According to Yahoo Finance, the mining penny stock is currently trading at $0.08 a share, up +$0.02 (+33.33%).
Featured Image: Depositphotos/© eskaylim
