Stocks of the Hour: Corazon Mining, Many Peaks Gold, Impact Minerals

Corazon Mining (ASX:CZN) has announced high grade lithium at their Miriam project in Western Australia. Laboratory analysis has confirmed the presence of the valued commodity, and found high grade values of between 1.01% and 1.85% lithium oxide. Shares are trading 35 per cent higher at 2.7 cents.

Many Peaks Gold (ASX:MPG) has entered into a binding agreement to secure an exclusive right to acquire a 100% interest in the Odyssey Rare Earth Elements Project in Canada. In response, MPG’s Executive Chairman Mr Travis Schwertfeger stated, “The opportunity identified by MPG to diversify into the critical minerals sector has been secured as part of the Company’s ongoing business development activity, focused on delivering future growth by generating a pipeline of projects.” Shares are trading 19.6 per cent higher at 30 cents.

Impact Minerals (ASX:IPT) has been selected to participate in the BHP Xplor program to help accelerate exploration needed for the energy transition. Impact will receive up to US$500,000 in cash payments from BHP over the next six months and gain access to a network of internal and external experts. Sonia Scarselli, Vice President at BHP Xplor stated, “We are confident that the BHP Xplor program will support the companies chosen to accelerate their concepts and ideas, to help take them to the next level.” Shares are trading 25 per cent higher at 1 cent.
 
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Source: Finance News Network