Standard Graphite (SGH, $0.08 +33% Vol: 2,919,000)
Shares Outstanding: 56,181,619
Standard has a portfolio of lithium and 2 gold projects in the Abitibi and James Bay regions of Quebec. Their most recent gold acquisition was a 50% option on the 5,400 hectare Philbert property, which has a non-compliant resource of 260,000 oz gold (1.4 million tonnes @ 5.3 g/t Au). Philbert is in proximity to former producing mines, close to infrastructure and is road accessible. There has been no exploration activity reported in the past year, however we are guessing the company is close to moving forward on one or more projects.
Axe Exploration (AXQ, $0.04 +13% Vol: 3,621,600)
Shares Outstanding: 55,557,445
As of their last filing on August 18th, Axe was sitting on approximately $1.8 million in cash and a portolfio of 4 gold projects in the Abitibi region of Quebec. The company has been quiet on the news front for over a year. Interesting to note, in 2014, management examined opportunities in the MMJ (medical marijuana) sector, but nothing came of it. It’s also worth noting president David MacDonald has a working relationship with Hecla Mining (HL:NYSE), who is a joint venture partner on Axe’s sister company, Typhoon Exploration (TYP:TSXV, see our report here). Either speculation (a jv with Hecla or an MMJ venture) could be driving recent interest into the stock.
Big North Graphite (NRT, $0.215 +26.5% Vol: 120,300)
Shares Outstanding: 47,550,438
Big North has once again shifted it’s strategic direction toward cobalt, a key metal used in the production of lithium-ion batteries. The company has firmed up an agreement to purchase the Duncan Kerr cobalt-silver project located near Cobalt, Ontario. Big North is paying the vendors 8.5 million shares at a deemed value of 15 cents plus cash consideration over 24 months. A financing is being arranged for $2 million at 0.20/share, for continued development of their new project.